Coin letter mine pool
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 beforesince 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
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
I hope this answer will help you1. First of all, connect the network cable, plug the network cable into the network cable interface of the mining machine, and remember to plug it tightly. Only when the miner is connected to the Internet, there is no limit to the broadband
extended data
users can buy bitcoin, at the same time, they can also use computers to "mine" bitcoin according to a large number of calculations. When users "mine" bitcoin, they need to use the computer to search for 64 bit numbers, and then compete with other gold miners by repeatedly solving puzzles to provide the required numbers for the bitcoin network. If the user's computer successfully creates a set of numbers, then they will get 25 bitcoins
e to the decentralized programming adopted by the bitcoin system, only 25 bitcoins can be obtained every 10 minutes, and by 2140, the maximum number of bitcoins in circulation will reach 21 million. In other words, bitcoin system is able to achieve self-sufficiency, resist inflation through coding, and prevent others from destroying these codes
2 after successful registration, we will see a message like "your account has been successfully registered and logged in!" on the web page, It means that we have successfully registered and logged in
3 we can click the "dashboard" button in the upper left corner to see the whole monitoring status of the account
note: in this monitoring dashboard, we are most concerned about "total earnings", which is the bitcoin earned by our current account. In the future, as long as we open the website and enter the monitoring dashboard, we can see the relevant information of our account
4 next, please click "Settings" in the navigation bar of the page. In the settings page, we can set the e-mail address, bit wallet address, change the password, etc.
5 if we set the e-mail address in the account, if we forget the password or steal it in the future, we can restore the password through the set e-mail. First, enter our common email address in the "email address" column, and then click the "change" button
6. Next, a confirmation email will be displayed on the page to confirm that it has been sent to our previously set email
7. Then we open our email and find the email sent by BTC guide. Click the confirmation link, and then the page will show that our email has been successfully set
8. If we set email in the account setting, we can also set email notification for the behavior of mining miners. Find the "idle warnings" column on the setting page, click the drop-down list, select the time when you want to send the email, and then click the "change" button on the right. When we set 10 minutes later, if a miner stops mining, the system will automatically send a notification email to our email after 10 minutes. After receiving the email, we knew that the miner was on strike
9 in addition, we are more concerned about the "bitcoin wallet", that is, the wallet address. You don't need to set this address first. It's not too late for me to fill in when I really get bitcoin
10 after the account is set up, we need to set "worker". What is a worker? This is the login account name we will use later on the bitcoin mining client. The system will create a miner name for us by default. The miner name is composed of our registered account name, an underline and a number. For example, our registered account is XXX, and the first miner's name is "XXX"_ 1 "
11 if we want to set multiple miner names, enter a number such as" 2 "in the" create worker "column, and then click the" create "button to add a new miner's account name
12 in the worker settings page, we can also set the mining payment mode of the mine account separately. Payment method, i.e. mining payment method. There are two types to choose from, PPS and PPLNs. The difference lies in the mining mode and handling charge. The handling charge of PPS is 7.5%, while that of PPLNs is 3%. The system adopts PPLNs by default. If you want to change it, please click the "change" button under the payment method
13 in addition, we can also choose the difficulty of mining mode. If our computer has multiple graphics card GPUs or some special machines, we can set the miner's account name under the minimum difficulty
Step 2, download the mining client software
1 after we complete the registration setting, Next, please click "support" in the page navigation menu, and we will see the download link of the client< There are two types of mining client software:
bfgminer: command line operation interface, which can be downloaded directly
cgminer: it is also operated in the command line format, but the download steps are too complicated
let's take bfgminer as an example and click download as shown in the figure
2 then it will jump to the download page of mining tools. There are two formats of mining tools, one is 32-bit system, the other is 64 bit system. According to the number of system bits, download the corresponding tool version
3. The client size of mining tool is less than 5m, which is a zip compressed file. When the download is complete, locate and open the file. Click the right mouse button and select the "" option
4 here, I take paste extraction to the desktop as an example
Step 3, mining client software detailed settings
1 after opening the mining directory, double-click to open the "bfgminer" file under the directory
2 next, look at the BFG minier window and enter the address of the mine pool at the URL. The pool address can be seen in the BTC guide's support page, such as stratum. Btcguild com:3333 , press enter key
3, and then enter the miner's name set on BTC guide website after the user name, press enter key
4, and then enter at will in the password, as shown in the figure
5. Finally, you can see that many numbers are changing, It means mining. It is worth noting that the places marked in the figure indicate the speed of the current machine button
6 in addition to the current mining speed on the mining client software, we can also see the specific mining speed of each miner in the "active worker summary" list on the "dashboard" page of BTC guide website
7 If you want to close the mining tool, you can directly x drop it, You can also directly press the Q key to exit. If you want to open more, you can open another mining tool in the BFG miner directory< Step 4: cgminer command line client software
1 if you really want to mine, the official recommends that we use "cgminer", that is, to run it at the command prompt. Click "support" on BTC guide page, then click "cgminer" download link page, select the corresponding system version
2, then jump to cgminer download page and click the link as shown in the figure
3 and then select a version of cgminer. Here I download a Windows version as an example.
4 take the Windows version of cgminer as an example. After the download, unzip it to the computer.
5 open the cgminer directory, find "cgminer"
6. Double click "cgminer" with the mouse, and a command-line window will pop up, prompting us to enter the URL address of the connection server. Enter "stratum. Btcguild com:3333 ”, press the Enter key on the keyboard
7, and then prompt us to enter "user name", that is, the account name of the miner. Press the Enter key on the keyboard
8, and then enter the password. Press the Enter key on the keyboard
9, and wait for a moment, When the client and the service establish a connection, the machine will start mining
10 to quit mining, please press the "Q" key on the keyboard in the window
tools / raw materials
PC with independent graphics card
precautions
if you are using cgminer, the graphics card must support the display of general computing standard, otherwise you will not be able to mine.
1. First of all, connect the network cable, plug the network cable into the network cable interface of the mining machine, and remember to plug it tightly. Only when the miner is connected to the Internet, there is no limit to the broadband
extended data:
shortcomings
first, the vulnerability of trading platform. The bitcoin network is robust, but the bitcoin trading platform is fragile. Trading platform is usually a website, which will be attacked by hackers or shut down by competent authorities
Second, the transaction confirmation time is long. When bitcoin wallet is first installed, it will consume a lot of time to download historical transaction data blocks. While bitcoin transaction, in order to confirm the accuracy of data, it will take some time to interact with P2P network, and the transaction will be completed only after the whole network is confirmed Thirdly, the price fluctuates greatly. Due to the intervention of a large number of speculators, the price of bitcoin for cash fluctuates like a roller coaster. Making bitcoin more suitable for speculation rather than anonymous trading Fourthly, the public did not understand the principle, and the traditional financial practitioners resisted. Active netizens understand the principle of P2P network and know that bitcoin has no legal person to manipulate and control. But the public doesn't understand, and many people can't even tell the difference between bitcoin and q-coin“ "No issuer" is the advantage of bitcoin, but in the view of traditional financial practitioners, "no issuer" currency is worthlessin 2014, in the virtual currency camp with hot transactions, there was a black horse migcoin that shocked the instry. Because of its unique design mode of mine pool, it has successfully attracted many friends who love and invest in virtual currency. Compared with the complex and expensive bitcoin, the cheap and easy-to-use migcoin is more popular. On the evening of April 26, the megacoin will open the mine pool to accept registration
as a fair, open and just transparent electronic currency, migcoin is a virtual electronic currency which grows up rapidly on the basis of bitcoin and Leyte coin. It has the characteristics of subverting innovation and leading the trend of social development. There are only 1.5 million of the first phase of the mine. The price of each mine is only US $0.1, and the trading operation is simpler and easier to understand. Such an advanced, cheap and fun electronic currency will successfully occupy a large market share of virtual currency
migcoin has unlimited potential, which is an inevitable trend. It not only has the characteristics of easy control and operation, but also makes the transaction and investment of migcoin more secure and fair because of the perfection and authority of the platform. As an emerging network investment project, the risk of virtual currency has always been the key for players and lookers to hesitate. If it can ensure the stability of the platform and rece the risk of transaction, it will be more prosperous than other virtual currencies
based on the foundation and experience of bitcoin and other electronic currencies, migcoin tries its best to rece the risk of operation and trading from the official platform and other aspects, so as to provide a simple and safe trading environment for players. The security features of migcoin are as follows:
firstly, it is a fully distributed and open source virtual currency. The unique mining pool mode and split multiplication principle make it completely up to the market to determine its quantity and price, and no one can manipulate it by legal person, so you can really make your money your master
secondly, its system should be as open and transparent as possible. When the migcoin was issued, it announced the time in advance, and promised that it would never be issued again after the first phase of mining
thirdly, all its transaction records and all its source code are public, so there is no way to fake them or forge them
finally, based on the mode of mining, the number of participants in the transaction and proction will be increased
with such a safe and effective operation mode, migcoin is covered with golden armor, invincible and able to resist any attack of bad operation. Of course, in order to make the participants feel more at ease, the virtual currency must have a strong and stable official platform to ensure that the currency will not collapse in the circulation process
for the concerns of players like this, the official confidence of migcoin is incomparable, because the issuing and trading platform of migcoin relies on the powerful capital and strength of Canadian mg capital. At the same time, the company will also develop a series of mobile app applications around migcoin. Members can use migcoin to play games, socialize, shop and so on, so that migcoin can enter real life from virtual
2014 is destined to be the first glorious year of the megacoin!