Platform coin miner
however, some Shanzhai coins are purely tools for developers and users to earn money. There are two main ways to make money by using virtual coins: one is mining. For example, if you want to obtain bitcoin, you must use a professional ASIC miner to mine (Avalon miner), and the bitcoin obtained from mining can be traded on the trading platform; The other is trading on the trading platform and making money by using the price difference
"Transaction is mining" is a typical platform operation mode. Users mine through transactions. Some platforms will issue their own tokens as rewards for users' trading behavior
Relevant introction:in June 2018, the cryptocurrency exchange fcoin put forward the concept of "trading is mining", and in a short period of time, the daily trading volume rose to the first in the world, triggering a war between exchanges
"transaction is mining" is actually a return mechanism of personal transaction fees based on platform currency. Strictly speaking, there were similar playing methods before the establishment of fcoin. For example, bibox had a mechanism to return a certain proportion of fee income to platform currency holders
extended data
fcoin's "transaction is mining" is repackaged. Following the allocation rules of bitcoin mining, 51% of platform currency ft is taken as the mining reward pool. Through "mining (trading on fcoin)", FT is graally unlocked. Once 51% of FT is fully fed back, "mining" is automatically terminated
in terms of specific implementation, fcoin trading means mining starts at 0 o'clock every day (GMT + 8), and the transaction fees generated by users will be converted into ft for accumulation every hour. The conversion price is calculated according to the average price of FT in that hour (the average price is calculated as total transaction amount / total trading volume)
Look, you are an expert
bitcoin mining is the most important source of procing bitcoin and the method of obtaining original bitcoin
the mining of bitcoin refers to the process of generating new blocks and calculating random numbers. The simple understanding is that the computer in the bitcoin network constantly collects transaction data and constantly calculates and verifies the process. Once the verification is passed, a block is generated, and each block rewards a certain amount of bitcoin according to certain rules
therefore, in fact, bitcoin trading platform and bitcoin mining are two different concepts, and mining machine still plays a great role
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bitcoin mining machine scam is to make money by leasing or selling mining machines the so-called "mining machine" refers to the computer that installs and runs specific software and algorithms. As we all know, bitcoin can only be obtained through long-term running algorithm of computer, and the total amount is limited. Therefore, some manufacturers have launched specially designed and optimized computer procts, known as "mining machine" in January 2018, a mining computer named "Kodak kashminer" appeared at the international consumer electronics exhibition in Las Vegas, which aroused people's attention. But now critics point out that the mining machine plan is actually a fraud, and the publicity for profit is also false precautions: 1. The general computer configuration of bitcoin household can not meet the requirements of bitcoin miner, so it is difficult to earn the electricity cost of a day 2. If you have to use bitcoin mining machine to dig coins, it is suggested to choose a reliable and legal platform to go more steadily. In the legal platform mining, the daily income can be seen, and a certain amount can be withdrawn