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How are ore pools formed

Publish: 2021-04-22 20:43:26
1. bitcoin is a kind of P2P digital currency. Point to point transmission means a decentralized payment system. Bitcoin is not issued by specific currency institutions, it is generated by a large number of calculations based on specific algorithms. Bitcoin economy uses a distributed database composed of many nodes in the whole P2P network to confirm and record all transactions. The decentralized nature and algorithm of P2P can ensure that it is impossible to artificially manipulate the value of bitcoin through mass proction. The design based on cryptography can make bitcoin only be transferred or paid by the real owner
the biggest difference between bitcoin and other virtual currencies is that the total amount of bitcoin is very limited and it has a strong scarcity. The monetary system has no more than 10.5 million in the first four years, and the total number after that will be permanently limited to 21 million. Another point is that you can use computers to make bitcoin.
2. The main reason is that the distribution mode of bitcoin is different: according to the operation mode, the common bitcoin pools are as follows: PPLNs, PPS, DGM, P2P ool, etc.

PPLNs: (the purest Group mining) full name is pay per last n shares, which means "pay income according to the past n shares", which means that once all miners find a block, You will allocate the currency in the block according to the proportion of each person's own shares Share means share)

in PPLNs mode, luck is very important. If the mine pool can find many blocks in a day, then everyone's dividend will be very large. If the mine pool can't find any blocks in a day, then everyone will have no income

PPS: pay per share mode --- this mode is to pay for each share immediately. The expenditure comes from the existing bitcoin funds in the mine pool, so it can be withdrawn immediately without waiting for the block generation or confirmation. In this way, the operation behind the scenes of the pool operators can be avoided. This method reces the risk of miners, but transfers the risk to the pool operator. Operators can charge fees to make up for the possible losses caused by these risks

in order to solve the problem that PPLNs sometimes has a high profit and sometimes has no profit, PPS adopts a new algorithm. PPS estimates the daily available mineral resources of the mine pool according to the proportion of your computing power in the mine pool, and gives you basically fixed income every day

do you feel that this is a stable job? In fact, in order to avoid the risk of loss, the PPS model often charges a high handling charge of 7% - 8%< DGM: Double geometric method. It combines PPLNs and geometric reward type, so that the pool operator can avoid part of the risk. The pool operator will collect part of the excavated currency in a short time, and then return it to the miners with normalized value, such as charge and discharge of electric capacity. If you are lucky, you will get less money for each block and more money for poor luck

175btc: the mining node of 175btc works on a shares chain similar to bitcoin blockchain. Because there is no center, it will not be attacked by DOS. Unlike other existing mine pool technologies, each node's working block includes bitcoin paid to the owner of shares in the early stage and the node's own bitcoin. 99% of the reward (50btc + transaction cost) will be distributed equally to miners, and the other 0.5% will be awarded to those who generate blocks

bitcoin home has a detailed introction.
3. How to choose mine pool

ore pool cost

at present, the allocation modes of ore pool mainly include PPS, PPS +, FPPS, PPLNs and solo mode

in the corresponding allocation method, the mine pool charges part of the income of the miners at a certain rate as the mine pool fee

PPS: the income is stable. As long as the mining machine works normally, there will be income. The income is related to the submitted workload, and has nothing to do with the lucky value of the ore pool and the transaction fee

PPS + (pay per share plus) settlement method is an improvement on the traditional PPS settlement method. Based on the traditional PPS settlement method, the distribution of miners' fees is increased

FPPS: full PPS, which allocates all block income including transaction fees. Compared with the traditional PPS settlement mode (no transaction fee allocation), it can increase the income by 10% - 20%

under the PPLNs (pay per last n shares) settlement mode, every effective block found in the ore pool is allocated according to the proportion of user computing power in the pool computing power in the past n difficulty cycles. In this way, the income of miners is related to the output of ore pool. The income of miners is unstable, but the long-term average income is higher

in solo settlement mode, all the income is distributed to the miners who dig out the block, and other miners do not participate in the distribution. The mine pool charges very little handling charge, which is used for the operation and maintenance of the mine pool< How to choose a mine pool:

1< Secondly, choose your distribution mode, pursue stability or high income. It is generally recommended to choose PPS or PPLNs of large ore pool< Finally, according to the distribution mode, select the supported ore pool, and choose the one with fast connection speed and good income

4. In addition, 1-2 spare ore pools are selected for emergency use.
4. There is no difference in wallet address between overseas and domestic
the wallet address of bitcoin pool is generated by the person who makes the pool. You can also run the program and generate the address yourself.
5. Metaphor ~
a complex formula
a group of people calculate
who works out first
is who's
later out of the mine pool
a group of people work out together
work out a split, that's it
6. Technical team
the butterfly chain technology software team is an engineer team focusing on the research and development of the underlying infrastructure and surrounding tools of filecoin / IPFs
the team members have many years of experience in blockchain and cloud computing research and development. They are not only proficient in the underlying technology of large-scale public chains such as BTC / Ethereum / EOS, but also have accumulated profound experience in the field of large-scale distributed storage. Since 2017, he has participated in preaching IPFs technology stack and gathered a group of engineers who love IPFs protocol. At present, our energy mainly focuses on the contribution of filecoin open source code and the research and development of filecoin mine pool. Two engineers in the team have become the core contributors of go filecoin open source warehouse[ 5]
hosting service
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7. U-coin is a virtual coin with network charging, which can recharge mobile phone charges, online games, q-coin, etc.
u-coin can be recharged by voice, mobile phone, online banking, SMS, broadband, etc
by using the u-coin, you can recharge all kinds of game cards on the Internet, which is convenient, affordable and more secure.
8.

One month's video card 200m speed is 50 yuan
the speed of G is mining machine, and two months' return cost
bit is virtual currency, but when foreign speculation spreads to China, there must be wallet

mining software and applied mine pool

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9. It's true that FDG mine pool is a world leading mining machinery time sharing platform, which provides users with a complete set of cloud mining service solutions. It packages and manages complex processes such as mining machinery purchase, logistics and transportation, power management, mine operation and maintenance, and users can enjoy the service with one click. In short, FDG mine pool is a one-stop service platform for cloud mining.
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