Chain mine pool

1. mining pools are arranged according to computing power. For example, the computing power of digyi mining bitcoin mining pool accounts for about 4% of the total network computing power, ranking among the top ten mining pools in the world. The four technology blockchains are relatively good.

2. China's official account of WeChat public issued on 10 January,

10, said that in order to implement the spirit of the September 4th announcement of the seven ministries and commissions issued by the people's Bank of China and other issues concerning the prevention of the financing risks of Chinese generation issuing companies, and actively respond to state regulation, bitcoin China will stop the cash business at 12:00 noon in Beijing time at 12:00. This means that bitcoin China's customer capital, asset retirement work is coming to an end. The announcement mentioned that its mining pool (national pool) and other businesses will not be affected by this and will continue to operate normally. For bitcoin trading platform, which has to innovate its business, mining pool business may be another way of transformation

what is a pool

the mine pool has really entered the field of vision of the coin circle since 2012, and the emergence of the mine pool has greatly reced the technical threshold of the miners. Mine pool is the necessary infrastructure for P2P cryptography virtual currency mining such as bitcoin. It is generally an open team mining server. Its significance is to improve the stability of bitcoin mining and stabilize the miners' salary. At present, the more famous bitcoin commercial mine pools in China include f2pool, BTCC pool, BW pool, etc

so how can a mine pool be divided among miners? According to instry insiders, it is mainly divided into two kinds: one is to give fixed income (PPS) according to calculation power, and the other is to give bonus share (pro) according to excavated blocks

will ore pool be the next regulatory target

although developers can decide the technical architecture of bitcoin network, it is difficult to influence its price trend, and mine pool is one of the key factors to promote the development of bitcoin. On the contrary, the recent sharp rebound of bitcoin market will attract more people to join the ranks of mining

the reporter believes that there are certain risks in the mining pool, but the probability that the regulatory authorities will completely block the mining pool is not very high, for the following reasons:

(1) China has obvious competitive advantage in the global bitcoin mining field. According to a research paper published by Cambridge University, China accounts for half of the world's influential bitcoin mines, and the ant mine, which ranks first, is a mine owned by bitcoin mainland. In addition, according to the data, the proportion of computing power in bitcoin mine pool ranked first, with 81% of hash computing power in China

(2) regulatory measures are not to eliminate bitcoin. The regulatory policies issued by regulators in recent months are not aimed at bitcoin and other digital currencies themselves, but at the hidden risks of money laundering, highly leveraged financing and investors' interests

(3) it is difficult to supervise OTC trading. Although floor trading has been banned in China, the bitcoin obtained by miners through the mine pool can be traded over the counter, so the supervision is bound to be very difficult. At the same time, the asset transfer and money laundering problems that regulators are worried about still exist

(4) increase the fiscal revenue of remote areas. Because the computer power of mining is large, it needs to consume a lot of electricity, so most people choose Sichuan, Inner Mongolia, Xinjiang and other areas with rich electricity. It is understood that the average power consumption of a large bitcoin mine is 40000 kwh, which also provides some objective income for the local government

does this mean that the government does not supervise

The answer, of course, is No. On the one hand, according to the reporter's investigation, in June this year, a large bitcoin mine in China was stopped e to the lack of regulatory policies. On the other hand, in accordance with the relevant principles of G20 and international cooperation, China has strengthened the control and disposal of anti money laundering, anti terrorist financing and tax base erosion. According to the "tips on preventing the risks of bitcoin and other so-called" virtual currencies "released by the China Internet Finance Association this year, bitcoin trading platform is a tool for money laundering, drug trafficking, smuggling, illegal fund-raising and other illegal and criminal activities with an expanding number of stakeholders and a strong speculative atmosphere. Therefore, once the scale of the mine pool is expanded to a certain extent, which leads to the confusion of the instry, it is inevitable for the regulatory authorities to take strict measures on the mine pool

conclusion

from the national level, artificial manipulation will lead to serious bubble and speculation of bitcoin. If the price of bitcoin fluctuates greatly, it will cause a series of problems. Perhaps the nationalization of bitcoin pool can stabilize the transaction price and create a good market atmosphere

once the government really takes regulatory measures on the mining pool, as Wang Chun, the co-founder of f2pool, said, given that the mining pool is still an application of bitcoin network operation, it is unclear how the regulatory authorities will affect its business model

original link: http://www.gongxiangcj.com/show-22-4683-1.html