What is pool liquidation

1.

Mine pool refers to:

as the computing level of the whole bitcoin network continues to rise exponentially, a single device or a small amount of computing power can not get the block reward provided by the bitcoin network on the bitcoin network

after the computing power of the whole network has been improved to a certain extent, the low probability of getting rewards has prompted some geeks on "bitcoin talk" to develop a method that can combine a small amount of computing power and operate jointly, and the website established in this way is called "mine pool"

extended data:

the existence of the mine pool reces the difficulty of bitcoin and other virtual digital currency mining, reces the mining threshold, and truly realizes the bitcoin mining concept that everyone can participate in

but its disadvantages are also very obvious, because computing power is connected to the mine pool. As a mine pool, it will have huge computing power resources. In the bitcoin world, computing power represents the bookkeeping right, and computing power is everything. If the computing power of a single mine pool reaches more than 50%, it will be easy to launch 51% attacks against virtual digital currencies such as bitcoin, The consequences are very terrible:

the mine pool can make the mine pool with 49% of the remaining computing power have no harvest, instantly quit the competition and go bankrupt. The mine pool's computing power exceeds 50%. If 51% attack is launched, it will easily occupy all the effective computing power of the whole network

2. The miner is used to dig money, and the mine pool is used to deposit money

3. Liquidation, including calculation and verification, is a procere for ending the existing legal relationship, dealing with the remaining property and making it disappear. Liquidation is a kind of legal procere. When a society cancels, it must carry out property liquidation. The act of self termination without liquidation has no legal effect and is not protected by law
in a narrow sense, liquidation is different from settlement. Liquidation does not involve the transfer of creditor's rights and debts, but settlement is the transfer of creditor's rights and debts
in a broad sense, clearing is the promotion of settlement

4.

Clearing fund is a kind of fund used by financial institutions to transfer funds, pay settlement funds, and pay off the debts caused by it

The accounting treatment of clearing fund transactions

(2) detailed accounting can be carried out for undergraate projects according to the unit of capital flow, such as "intra city bill clearing" and "credit card clearing"

Third, the main accounting treatment of intra city bill clearing business

(4) for other clearing business, the clearing funds received shall be debited to the account of "funds deposited with the central bank" and credited to this account; Make opposite accounting entries when transferring clearing funds

5. The debit balance at the end of this account reflects the clearing funds receivable by the enterprise; The credit balance at the end of this account reflects the clearing funds payable by the enterprise

extended data:

accounting entries included in fund clearing

(1) debit the account and credit the "other accounts payable" account. In case of dishonor, debit "other accounts payable" and credit this account. After the time of dishonor, if no dishonor occurs, debit the "other accounts payable" account and credit the "deposit taking" account

put forward credit voucher, debit "deposit taking" and other subjects, credit this subject; In case of dishonor, make opposite accounting entry

(2) if the debit voucher is correct, debit the "deposit taking" account and credit the account. If the account cannot be entered e to misappropriation of other bank's voucher, the account of "other receivables" shall be debited and the account of "other receivables" shall be credited. When it is raised again, it will debit the account and credit the "other receivables" account

if the credit voucher is correct, debit the account and credit the "deposit taking" account. If it cannot be entered into the account e to misappropriation of bills of other banks, it shall be debited into the account and credit into the account of "other accounts payable". In case of dishonor or re presentation, debit "other accounts payable" and credit this account

(3) if the balance between the presented voucher and the withdrawn voucher is the receivable balance after calculation, it will be debited to the account of "deposit with the central bank" and credited to this account; For example, make the opposite accounting entry for the balance payable

5. The differences between settlement and liquidation are as follows:
1. Liquidation is different from settlement. Liquidation does not involve the transfer of creditor's rights and debts, but settlement is the transfer of creditor's rights and debts
2. Clearing is the promotion of settlement. Clearing = clearing + settlement
settlement is the final result of paying off the creditor's rights and debts in business activities; Liquidation is a process of settling the final result of the creditor's right and debt relationship between the inter-bank fund accounts< In order to ensure the normal operation of commodity trading and settlement business, China's settlement system stipulates that settlement must follow the following three principles:
1. That is to say, the seller should deliver the goods on time, and the buyer should pay according to the regulations, and should not delay payment or refuse payment without reason
2. Safeguard the legitimate rights and interests of both parties. Both parties shall strictly perform the relevant provisions of the contract and implement the provisions of the settlement system. In organizing settlement work, banks should proceed from the overall interests and should not take sides
3. The bank will not advance money. Banks provide settlement services for enterprises, only responsible for transferring funds from the payer's account to the payee's account. When an enterprise entrusts a bank to make payment, it must have enough funds on the bank account; When entrusting a bank to collect money, it must wait for the money to be collected before it can be used< (2) ordinary liquidation, also known as non-stop payment liquidation, mainly refers to the dissolution of a joint venture e to the expiration of its business term. Usually, in the implementation of ordinary liquidation, the financial situation of the enterprise is not difficult, not only has sufficient solvency, but also may distribute the remaining property. The characteristic of ordinary liquidation is that the liquidation affairs are mainly carried out by the company and the liquidation organization according to the general proceres prescribed by law, and the court and the enterprise creditors do not directly intervene
(data source: clearing settlement network)