What are the aspects of the mine pool

1.

mining is perhaps one of the most important components of the bitcoin ecosystem. Miners need to solve complex mathematical problems, so as to ensure the smooth implementation of the transaction. These problems are so complex that they are difficult to solve even for extremely powerful computers. Computers need work and luck to solve these mathematical problems, just as miners dig underground. The chance of solving this problem correctly is about one in 13 trillion

bitcoin mining has two purposes. Firstly, by solving mathematical problems, bitcoin miners can verify the transaction information, so as to ensure the security and reliability of bitcoin payment network. Miners are the people who ensure that transactions are accurate and that there is no "double payment."

Secondly, when the computer solves these complex mathematical problems on the bitcoin network, the system will generate new bitcoin, which is similar to the process of mining gold from the ground. The reward is called "block reward", and after the event called "halving", its amount will be periodically halved. The newly discovered concept of bitcoin is an important part of bitcoin protocol. The bitcoin obtained by the miners is brand new and has never been in circulation before

since miners will eventually sell the bitcoin, it is also an important source of supply and liquidity. As chainalysis reports, many digital currency exchanges rely on miners to receive bitcoin and increase their liquidity. Typically, exchanges get about 88% of bitcoin from other exchanges, and bitcoin miners are the largest source of the remaining percentage. As you can imagine, there is fierce competition between exchanges to receive bitcoin directly from miners

further enlarge the map, most of the mining activities are only carried out in four provinces, the first two provinces are Xinjiang and Sichuan, accounting for nearly half of all bitcoin mining in China. Electricity prices are cheap and the weather is cold in these areas. This helps to keep mining profits and equipment cool ring the 24 / 7 operation and maintenance period of bitcoin mining

but this is nothing new for digital currency issuance. For many years, China has been a major market for bitcoin miners e to its cheap electricity and abundant resources. Bitmain, f2pool and Canaan are all located in China

whether this is a negative or positive message depends on your point of view. But for decentralized, distributed, unlicensed networks, geographic regions across multiple entities are more healthy for the entire ecosystem

2. Hello, large scale mining needs a special site with good ventilation, moderate temperature and humidity, stable supply and reasonable price of electricity, management personnel who know bitcoin and mining, and technical personnel who are proficient in power line maintenance and network maintenance.

3. At present, most POC currencies in the market are proced on the assembly line
its speculative value is far greater than the mining value
participation is not recommended.

4. Unknown_Error

5. At present, there are many bitcoin mines all over the world. To dig bitcoin, you need to choose one first. It is necessary to choose a stable ore pool. Otherwise, it's very likely that the bitcoin you g up will disappear. Abit Chinese mine pool has a friendly interface and a Chinese version of user interface. It has a friendly interface and strong stability. I think it is a very good Chinese mine pool.

6. ◼ WeMineLTC 5,543.7 MH/s
◼ Coinotron 4,406.2 MH/s
◼ give-me-ltc.com 4,379.9 MH/s
◼ litecoinpool.org 3,247.8 MH/s
◼ Pool-X.eu 768.2 MH/s
◼ P2Pool 758.5 MH/s
◼ Hypernova 698.0 MH/s
◼ Netcode Pool 396.5 MH/s
◼ LiteBonk 236.4 MH/s
◼ CoinHuntr 216.1 MH/s
◼ burnside’s Pool 209.2 MH/s
◼ Litepool.eu 164.1 MH/s
◼ Elitist Jerks 160.6 MH/s
◼ litepool.ru 139.3 MH/s
◼ Nushor's Pool 118.3 MH/s

7.

Mining is the use of bitcoin mining machine, which is used to earn bitcoin

one of the ways to get bitcoin is that users download software from personal computer and then run specific algorithm to get corresponding bitcoin after communicating with remote server

bitcoin is a kind of virtual currency. Bitcoin mining system is the process of carrying out mathematical operation for bitcoin network through computer hardware. Miners who provide services can get a reward, because the network reward is calculated according to the tasks completed by miners, so the competition for mining is very fierce

mining is actually a competition of performance and equipment. The mining machine composed of many graphics cards, even if it's only hd6770, can surpass the single graphics card of most users

and this is not the most terrible. Some mining machines are made up of more such graphics card arrays. When dozens or even hundreds of graphics cards come together, the graphics card itself costs money. Considering the hardware price and other costs, there is a considerable expenditure in mining

< H2 > extended data:

bitcoin mining process:

1. To find the ore pool

to start mining, there must be a ore pool with convenient operation and stable output. Its function is to subdivide the data packets for each terminal, and pay the corresponding amount of bitcoin according to the proportion of the data packets calculated by the terminal through precise algorithm

2. Download bitcoin miner (software)

in fact, there are many kinds of this miner, you can go to the official website to download

3. Setting mining software is a green software. After installation, we can set the language first to facilitate further setting. Next, you need to set the server, user name, password, equipment and so on. Generally, the server chooses a better network from BTC guide series, and the user name and password are set by ourselves before

4, bitcoin mining start

when we confirm that all settings are correct, click the "start mining" button to start bitcoin mining, and then the graphics card will soon enter the full speed running state, the temperature and fan speed will increase, you can monitor the state through gpu-z or graphics card driver

8. If you want to make it scale, you must have a large number of servers. Is it like a mall in the end?

9. First of all, we need to understand the technical strength and operation and maintenance ability of the manufacturer. In this aspect, we mainly see the scale and number of nodes that the manufacturer has been operating online. The larger the scale and number of management nodes, the richer and more stable the technology and operation and maintenance experience of the manufacturer.