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Income of ADA currency pool

Publish: 2021-04-04 20:18:57
1. Digiccy is the digital currency. If you look at the ranking of digital currencies in the world in 2018, you can know it as follows:
1. bitcoin / BTC
founder: Nakamoto Tsung
originally proposed by Nakamoto Tsung in 2009, according to the idea of Nakamoto Tsung, we designed and released open source software and built P2P network on it. Point to point transmission means a decentralized payment system, which once had no more than 10.5 million in four years, and then the total number will be permanently limited to 21 million
2. Ethereum / eth

founder: Geoffrey Welk
it is not only a virtual currency, but also a platform and a programming language, enabling developers to build and release the next generation of distributed applications. Ethereum can be used to program, distribute, guarantee and trade anything: voting, domain names, financial exchanges, crowdfunding, corporate governance, contracts and most agreements, intellectual property, and smart assets that benefit from hardware integration< 3. Ripple / XRP is the base currency of ripple network. It can circulate in the entire ripple network, with a total amount of 100 billion, and graally decreases with the increase of transactions. The operating company of ripple is ripple labs (formerly known as opencoin)
4. Bitcoin cash (BCC) / BCH

founder: Roger ver
bitcoin forked coin. Viabtc, a mining giant owned by bitcoin mainland, has prepared a set of hard forked system based on the original chain of bitcoin
5. EOS

founder: Daniel Larimer
BM (Daniel Larimer), a blockchain architecture platform similar to the operating system, is developed to realize the performance expansion of distributed applications
6. Litteoin / LTC is an internet currency based on peer-to-peer technology and an open source software project under MIT / X11 license. It can help users make instant payments to anyone in the world
7. Stellar

founder: Jed McCaleb
the digital currency project initiated by Jed McCaleb, the former founder of ripple, is used to build a decentralized gateway between digital currency and fiat money. It will be provided to users in the form of free distribution, and its supply online is 100 billion, of which 95% of the amount of star coin is used for free distribution
8. Cardano

founder: Charles hoskinson
the end result of ADA cryptocurrency, which can be used to send and receive digital funds. This kind of digital cash represents the future currency, through the use of encryption technology, can be fast, direct transfer, to ensure its security
9. Tether

founder: Craig sellers
tether USD, a token launched by tether company, is based on the stable value currency USD. Users can query funds on tether platform to ensure transparency. Each TEDA coin is symbolically associated with government supported legal tender< Iota
10, iota

founder: David sonstebo
a crowdfunding project started in 2014, which is a revolutionary transaction settlement and data transfer layer specially designed for the Internet of things. It's based on a new type of distributed ledger, tangle, which is like a blockchain, but it uses a network structure instead of a chain structure, which makes it more scalable and stable.
2. "19981;" 22914s;"eos trx" in the middle of this "zil" eleven and "yee" in the middle of "27599;"2760420182;"
3. It depends on what they are engaged in. If it's the kind of touting and then having to pay, it may be pyramid selling
to see if they have a proct is a real proct

1

2. Go your own way and be the best of yourself

3. Wait for a person or a story

4. All the past will become cordial memories

5. Time is still here, we are flying

6. I enjoy the warmth in time, and I forget the flowers in fleeting time

7; Without frustration, I don't understand life

8. When you feel that you are too late, it is the earliest time< No matter how strong a person is, there is always a soft place in his heart that he can't touch

10. The color is light and will fade when it is deep; Life, simple is good, complex will deteriorate

11. It's the greatest sorrow of human beings to ask but not to, to give up but not to, to get but not to hesitate

12. I hope someone will accompany me from friendship to love, and then from love to family

13. Those who are not good or bad are in the middle, those who are envious are swaying around, and those who are envious are always unhappy

14. Don't always evaluate your position in other people's hearts. To live in other people's eyes is to lose yourself

15. It's good to be half drunk when drinking wine. If you drink too much, you will be drunk. Love, or half really good, love too deep heartbreak

16. Life is too short, there is no time for regret, if not the end, please smile forward

17. Never mention it is not because of forgetting, but because of remembering

18. Do you really want to get to know someone again

19. Don't overestimate yourself in two years or underestimate yourself in ten years

20. Where it exists, it blooms. Don't forget to send out fragrance just because you are sad

21. Time is changing, so are people. Some things, no matter how hard we try, can't go back

22. You have to live in a framework to make the incomparable gift of love mature

23. When you can't hold on, you can say "I'm tired" to yourself, but never admit "I can't do it" in your heart

24. No matter how confused I am at this time, I will eventually live the life I want!
4. With the upgrading of Ethereum to version 2.0 this year, the consensus mechanism will be converted to POS, which will have a huge impact on miners. There are two choices for miners. One is to sell mining equipment and buy eth to adapt to the stacking mechanism of POS; The second is to switch the miner to other networks supporting GPU miner. Nick foster, a representative of kabombacks, a US mining equipment distributor, said most eth miners would choose the latter

after Ethereum is upgraded to version 2.0 POS mechanism, miners may switch mining machines to other networks
as Ethereum is finally ready to start its Ethereum 2.0 upgrade later this year, thus eliminating the long-term delay, the network will start to move towards the proof of rights model

therefore, the network will give up the workload proof consensus algorithm, so that eth miners have little choice. As their equipment will become obsolete, they will be forced to start mining counterfeit coins or re qualify as eth mortgagors. So, what is the current situation of Ethereum mining? With the coming transition, what will happen to the whole instry< At present, Ethereum consensus is based on POW system, which is similar to bitcoin (BTC). As a result, Ethereum's mining process is almost the same, as miners use their computing resources to earn rewards for each block they try to complete< However, there are still major differences between these processes. Although bitcoin mining has relied almost entirely on ASIC (large, loud machines designed specifically for cryptocurrency mining, most of which are concentrated in areas with low electricity prices), Ethereum's pow hash algorithm ethash is designed to support global chip manufacturers (such as NVIDIA and AMD). As Thomas Heller, global business director of cryptocurrency mining pool f2pool, explained in a conversation with cointegraph, GPU is much cheaper and easier to access than ASIC

"as ASIC is a very professional machine, when a new generation of procts is released, it is usually a huge technological leap. As a result, they have a much higher hash rate and are more energy efficient than the previous generation. This means that those manufacturers have spent a lot of money to research and develop it. Their machines are usually very expensive, and GPUs are much cheaper. "

Heller added that those who use GPU miners "have more flexibility to mine." For example, the popular NVIDIA geforce GTX 1080 Ti card can mine more than 15 different currencies, while ASIC units usually support only one currency

nevertheless, Ethereum is not completely immune to ASIC miners - at least in its current state. In April 2018, bitcontinent released antminer E3, an ASIC specially proced for mining Ethereum. Although widely praised for its hash rate of 180 megahashes per second and power consumption of 800 watts, it has received different responses from the Ethereum community. After the ASIC is inserted, a considerable number of GPU rig owners seem to suffer from loss of profits, and some are even forced to switch to other networks

"in the white paper, ETH must have ASIC resistance. I would like to say that the white paper stands for something "is one of the highest comments on the AR / ethermining topic about the topic discussed when antminer E3 was announced. Another reddit user argued that "the $800 only applies to 180mh."“ Split or die of a nation. "

some Ethereum users continue to suggest that bitmain's mining devices can lead to greater concentration, thus increasing the possibility of attack by 51%. Soon, a group of developers put forward "programmed workload proof" or progpow, which is an extension of the current Ethereum algorithm ethash, aiming to make GPU more competitive and promote decentralization

according to a paper published in March by Kristy Leigh Minehan, co-founder of progpow, about 40% of the hash rate of Ethereum is generated by bitmain ASIC. Alejandro de la Torre, the vice president of poolin, is the sixth largest pool of eth. He confirmed to cointegration that "GPU mining is still dominant" in Ethereum network, and added:

"at present, the profit of eth mining is not high, and the management threshold and cost of GPU equipment are higher than ASIC equipment. Compared with ASIC devices, GPU devices are more flexible, and you can use other algorithms to switch to other coins. "

progpow has not been integrated into Ethereum, and it is not clear when it will be finally implemented - in March, Ethereum core developers were debating whether progpow will really benefit the network in nearly two hours, and failed to reach a consensus. It is worth noting that a bitmain representative has previously told cointegraph that the mining hardware giant does not intend to extend the service life of antminer E3 to start operation after October 2020: "as far as we know, mining will end in October or some time after that."

a safe but uncertain future

indeed, Ethereum will stay away from mining in the future. Ethereum 2.0, which is planned to be launched later in 2020, is a major network upgrade on the blockchain, aiming to transfer its current POW consensus algorithm to a virtual POS (known as "block verifier")

more specifically, users are randomly selected considering their wealth in the network or their "interests". In other words, the more coins a POS verifier chooses to put in, the more coins accumulated as a reward

according to vitalik buterin, the co-founder of Ethereum, e to the transition, the network will be more secure and the attack cost will be higher than the network of bitcoin, although the debate about the better consensus algorithm in the encryption community has lasted for many years. However, it is not clear when to start Ethereum 2.0, as many errors and management issues are reported to be delaying the process

another hypothetical benefit of POS system is that it has higher energy efficiency than pow blockchain. According to digiconomist, the cryptocurrency's total annual footprint is 59.31 terawatts per hour, which is comparable to the electricity consumption of Greece as a whole. However, since a report in July 2019 estimated that 74% of the exploitation of bitcoin was done using renewable energy, the environmental impact of bitcoin does not seem to be so serious

what will happen to the actual Ethereum miner? According to the documentation of Casper upgrade as part of Ethereum 2.0 roadmap, the network will initially support a hybrid model including both POW and POS, thus providing some space for block verifiers and GPU / ASIC miners. Jack O & 39, CEO of skale network; "There will definitely be a transition period when two networks are running at the same time," Holleran told cointegration The CEO of scale network (based on Ethereum's blockchain platform) gave a detailed description of this process:

"the transition from eth1 to eth2 takes time of course - it may be years rather than months. The good news about this slow transition is that dapps and defi platforms will be able to roam around based on survivability, security and real-world evidence of adoption. This is a positive impact on the Ethereum ecosystem. "

dig or not

once Ethereum is fully in the POS orbit, miners will have two options. One is to sell the equipment and use the money to accumulate more Eth and start mortgage. The other is the choice for GPU miners, which is simply switching to other ethash networks and mining counterfeit money. Nick foster, a representative of kabombacks, a US mining equipment dealer, told cointegration that most eth miners would choose the latter:

"what I want to say is that most of the miners have not really entered Ethereum or the mining of specific tokens. Yes, there is a certain amount of mineral deposits and holds, but I oppose the view that a large number of Shanzhai coin miners hold their coins at any time. "<

foster then described how he used 3gb GPU units to mine ethash's point-to-point blockchain asset ravencoin (RVN). Once it was unable to mine eth, he said, "this is the reason for mining crows. I immediately sold stability to BTC, and then sold it to US dollars to pay for my rights. I would say that a lot of people are adopting this strategy. "

as foster concludes, he wants eth miners to jump out of the network, and new players - those who don't invest in power infrastructure or drilling rigs - will take a stake in eth. He described the following:

"I can't imagine if I found a five-year lease with $0.04 of electricity and I was mining eth, I decided to sell everything and then continue to pay the rent so that I could hold eth as a share. Substitute. "

Marc fresa, founder of asic.to, a mining firmware company, agreed in a conversation with cointegraph: "if you invest in mining, you won't bet because you have enough room to grow."

one of the main counterfeit coins that may benefit from POW miners leaving Ethereum is Ethereum classic (etc), which is a more conservative version of the blockchain. It is reported that there is no POS related plan. As it also runs on the ethash algorithm, the startup of Ethereum 2.0 may lead to the migration of miners, so its hash rate may have a significant peak

eth's larger pools have similar options. When asked about the company's plans for Ethereum after pow, Heller told cointegraph that after the announcement of Ethereum's POS upgrade, f2pool launched a sister company called story.fish in early 2018. Story.fish has started to provide mortgage services for other POS and delegated POS projects, such as tezos (xtz), Cosmos (atom) and Cardano (ADA), e to numerous handover delays. For prin, e to the transition to POS, it "may temporarily give up supporting eth mining," de la Torre told cointegraph

other top eth pools, namely nanopool, ethermine, pool center, sparkpool and spiderpool, did not respond to requests for comment from cointegraph.
5. 2 disks, support 20tb hard disk expansion, enough for home use.
6. EOS, of course. OK, there's a VC platform
7. At present, investing in digital currency is still a very small way of investment. The digital currency market is still in the early stage of instability, and the investment risk is high, but once there is income, it is still very considerable. There is still a lot of room for bitcoin appreciation. In addition, we can pay attention to some non mainstream currencies, see their potential, and make long-term value investment. Like pnt and ADA, they're good. I've voted for them. But pnt estimates it'll be a year later.
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