Guochi mine connected to mining machine
The earliest is a kind of network virtual currency. It is characterized by decentralization, anonymity, and can only be used in the digital world. It does not belong to any country or financial institution, and is not subject to geographical restrictions. It can be exchanged anywhere in the world. Therefore, it is used as a money laundering tool by some criminals. In 2013, the U.S. government recognized the legal status of bitcoin, making the price of bitcoin soar
< H2 > extended information:bitcoin is e-cash similar to e-mail. Both parties need "bitcoin wallet" similar to e-mail and "bitcoin address" similar to e-mail address. Just like sending and receiving e-mail, the remitter pays bitcoin directly to the other party through a computer or smart phone according to the recipient's address
starting from the essence of bitcoin, the essence of bitcoin is actually a special solution generated by a bunch of complex algorithms. A special solution is one of the infinite (in fact, bitcoin is finite) solutions that can be obtained from the equations. Every particular solution can solve the equation and is unique
many websites for technology players have begun to accept bitcoin transactions. Websites such as mtgox and btcchina, as well as some Taobao stores, can even accept services such as bitcoin exchange for us dollars and euro. There is no doubt that bitcoin has become a real currency in circulation, rather than a virtual currency like Tencent Q coin
how to mine a mine pool
the location of a mine pool is also very particular. It's not that a mine pool can be built anywhere, but it needs early-stage capital investment. A mine pool is to combine a single mining machine together. Because of the collection of many miners' computing power, the computing power of the mine pool accounts for a large proportion, and the probability of digging bitcoin is higher. The mine pool will distribute rewards according to the contribution value of each equipment
there are many mines all over the world, and the scale of each mine varies from big to small. Generally, small mines no longer have great advantages. Large mines have many miners for mining. For each miner, he can join any mine or join multiple mines at the same time, The first task of the mine pool is to distribute the income to the miners
(1) PPLNs method
this method gathers the shares g by all miners together. Whenever a certain amount of shares is accumulated (generally 30 million shares), the mine pool will allocate the profits of the previous stage to the miners according to the proportion of contribution
in this way, the income of miners depends entirely on the time needed to dig 30 million shares in the mine pool. If you are lucky, you can dig them in a short time, then the income of miners will be more, otherwise it will be less. In return, the pool charges a 3% tax
(2) PPS mode
for users, the income of this mode is relatively stable
the profit mainly depends on the miner's mining speed. As long as the mining speed is stable, the corresponding profit can be obtained, and the profit is real-time, that is, the mine pool will pay the profit for the miner while the miner is running
obviously, every time a block is calculated, the mine pool has paid for all the miners. If the block fails in the subsequent confirmation link, all the losses will be paid by the pool operator. Therefore, this method reces the risk of the miners, but transfers the risk to the pool operator
therefore, usually the ore pool can charge a handling fee to make up for the possible losses caused by these risks. In this mode, the tax of the ore pool is 7.5%
the above is about how to mine. The difficulty of mining has greatly increased, but the mining army is expanding. If the basic equipment does not meet the standard, it will be difficult to gain in the mining instry, because the value of the virtual currency may not be equal to the price of an equipment, and many miners are not just digging bitcoin, Instead, we choose other virtual currencies to mine.
the mining pool is the necessary infrastructure for the exploitation of P2P cryptography virtual currency such as bitcoin (digital currency). 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 most powerful mining pools in the world are f2pool, antpool, BW pool, BTCC pool and bitfury. Except for bitfury, the rest are from China
with more and more people participating in mining, the computing power of bitcoin network is rising, and it is difficult for a single device or a small amount of computing power to dig bitcoin again. At this time, the mine pool was born
operation principle of bitcoin mine pool
the ore pool is responsible for information packaging, and the access mine is responsible for competing for bookkeeping rights
e to the collection of the computing power of many miners, the computing power of the mine pool accounts for a large proportion, and the probability of digging bitcoin is higher
for example
suppose 1 million people participate in bitcoin mining, and the whole network has 400p computing power, of which 90% of the miners have less than 1p (1000t) computing power. If a 1t miner is put into operation, it will account for 1.400000 of the whole network's computing power. Theoretically, every 400000 10 minutes can dig a block, that is, only 7.6 years can dig a block, and then get 50 bitcoins at a time
then, if I find another 9 miners with 1t dynamometer and reach an agreement, we will have a total of 10 people, and any one of them will be divided equally according to the proportion of each person's computing power, then we are a whole. With a total of 10t computing power, we can dig a block in 0.76 years on average, Then we have five bitcoins mined in 0.76 years. What if we organize 100 people, 1000 people, 10000 people or even 100000 people
if it is 100000 people, I can dig one block in 100 minutes on average. As a member of the team, my income will tend to be stable
this is the basic principle of the mine pool, that is, everyone forms a team to mine bitcoin, you can refer to the "buy together" in the lottery
of course, the above is only a simple description of the basic principles and properties of the ore pool, and the actual situation will be very complicated
the ore pool is a fully automatic mining platform, that is, the ore machine is connected to the ore pool to provide computing power and obtain profits
the bitcoin reward generated by mining in the mine pool will be distributed according to the proportion of each miner's contribution to computing power
compared with single mining, adding to the ore pool can obtain more stable income
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what is blockchain mining
there are two kinds of mining in the new era, the first is bitcoin mining. After each transaction occurs, it is not complete. The transaction data must be written into the database before it is established, and the other party can really receive the money. First of all, all the transaction data will be sent to the miners, who are responsible for writing these transactions into the blockchain to complete the mining and obtain profits
the second is to dig Shanzhai. Zero coin, Monroe coin, ether coin, Wright coin, bitstock and other "Shanzhai coins". After a miner is assembled, it is connected to the designated mine pool. According to the specific algorithm, it starts full load operation and completes a calculation cycle to obtain "one" virtual currency. Then put the "this" currency on the online trading platform to cash out
How can blockchain mine
at the beginning, bitcoin could be g up with the computer CPU. The founder of bitcoin, Nakamoto Tsung, g up the world's first creation block with his computer CPU. However, the era of CPU mining has long passed, and now bitcoin mining is the era of ASIC mining and large-scale cluster mining
if you want to be a miner, it's actually relatively simple. You can start mining by purchasing a special mining equipment. You don't need to do it yourself. In fact, the computer is performing specific calculations. For miners, you only need to ensure the power supply and network connection of the mining machine
Bitcoin is a kind of virtual currency, because of its unique mode of proction, it has a high investment price. Recently, in the face of the news that bitcoin will be shut down in China, the global price of bitcoin has plummeted again and again. What should bitcoin do after the bitcoin mine disaster? Let's talk about the related content
Bitcoin will be shut down in China. He also said that bitcoin and other so-called "virtual currencies" are increasingly becoming tools for money laundering, drug trafficking, smuggling, illegal fund-raising and other illegal and criminal activities, and investors should keep vigilant and report to the police immediately when they find clues of illegal and criminal activitiesrecently, local regulatory authorities have strengthened the investigation of bitcoin and other virtual currency trading platforms. On September 14, the reporter learned exclusively from the regulators close to the local Internet Finance rectification office that the regulator has made a final conclusion on the domestic bitcoin trading platform: "all the bitcoin trading platforms will be shut down, and they will withdraw from the market in the near future."
China's bitcoin trading will be shut down
although bitcoin trading platforms may move to foreign countries, the news that bitcoin will be shut down in China has also seriously caused bitcoin prices to plummet. As of September 14, major virtual currencies plummeted. As of 9 pm on the 14th, bitcoin China's data showed that bitcoin fell about 20% on that day, below 20000 yuan, Wright currency and ether currency fell more than 30% in the day
many investors think that bitcoin will be shut down in China, which is a good opportunity for bitcoin bottom hunting, but Xiaobian suggests that you do not invest easily first, because the Chinese market is a very important part of bitcoin trading. Without the Chinese market, the change of bitcoin is still unknown
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 governmentdoes 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 poolconclusion
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
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