China's large ore pools

1. The specific ranking is not clear, but the better ones are Xinghuo, Duomi, Yuchi, BW and so on. It is said that BW is good. It was established in 2013 and it is a well-known old mine

2.

This is the share of ore pool in the past three months:

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but in fact, it's of little use. It's just the difference between 100 yuan and 100.5 yuan. If your calculation power is really big, it may be much worse, but if it's ordinary, it's not much different. It is more important to choose one with low or free service charge

3.

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

4. 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.

5. Fish pond f2pool is the earliest mine pond in China. It was closed for a period of time e to poor management, probably in July last year, but it was opened again soon. They are not only mining pools, but also mining machines. Shenyu mining machine failed because of the chip problem. In 2015, we set up a Wright coin miner and crowdfunding
there has been no major safety accident in the fishpond f2pool. In addition, 51% of the problems often occur in large foreign mines, which also gives the fishpond f2pool opportunities for rapid development. They are all people in the circle, and they also work as information websites and have a wide range of contacts.

6. Yes, in May 2013, f2bool.com, the largest mine in China, went online. However, it was forced to close down in July e to insufficient income and expenditure, and now it still operates as usual. Its founder is Shenyu, and he is also the founder of yibit. There is also a company operated ore pool, which is headquartered in Shanghai
a large part of the computing power of these two mines is contributed by the mining machinery assembled by Avalon chips. Of course, ant miner and KNC also contribute a lot of computing power.

7. The fish pond is stable. However, the pool owners are all black, and there are no traitors or merchants.

8. There are only 21 million mines in the world

9. The collective data bitcoin of mining machine can be made by computer. This is called mining machine. For example, if there are 1000 mining machines, they will eat 1000