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Lucky money mining

Publish: 2021-04-16 19:22:37
1. Since its global launch on November 24, 2019, Odyssey mining has experienced a month's market downturn (without going to the exchange, of course), and then ushered in the market boom of Odyssey mining on December 26, 2019 after fully opening up the function of charging currency in WBF exchange. Therefore, ODY (Odyssey) Odyssey mining is not the international project that came out at the end of 2019, but rather the international market for the market officially launched in 2020. The ODY (Odyssey) Odyssey mining project is rarely known in China. This is the opportunity. The main way to make money is to rely on time machine. The ODY (Odyssey) Odyssey mining mode is very powerful and the system will be awesome for a long time. No matter from which angle to study Odyssey mining, it is a rare good international project. Why do the top Internet giants agree with this international project? Because it is difficult for ordinary people to understand Odyssey mining, its unique two-tier system, al currency system, gold standard, defoaming mechanism, sticky mechanism and many other excellent models and systems make Odyssey mining have long-term vitality, which can benefit many ordinary people in 2020 and make a lot of money for the lucky people. I always envy others for doing a project and making millions of money. I am always an onlooker. Have you ever thought that you can become such a successful person. What's the difference between us and them? The difference lies in the admission time after a good project, which is crucial. Odyssey mining is such a rare good project, which can't be missed. Move quickly
pay attention to the Odyssey Odyssey self study website: www.wzfcgf.com
2. Because indivial mining is difficult to meet the demand, the global computing power is increasing, and it is difficult for a single device or a small amount of computing power to dig bitcoin again. It is also a combination of a large number of mining machines to form a mine pool. The computing power of the mine pool is very powerful, and it can also ensure that virtual currency can be g more quickly. So how can the mine pool dig? Let's have a look
how to mine a mine pool
the location of a mine pool is also very particular. It's not that a mine pool can be built anywhere, but it needs early-stage capital investment. A mine pool is to combine a single mining machine together. Because of the collection of many miners' computing power, the computing power of the mine pool accounts for a large proportion, and the probability of digging bitcoin is higher. The mine pool will distribute rewards according to the contribution value of each equipment
there are many mines all over the world, and the scale of each mine varies from big to small. Generally, small mines no longer have great advantages. Large mines have many miners for mining. For each miner, he can join any mine or join multiple mines at the same time, The first task of the mine pool is to distribute the income to the miners
(1) PPLNs method
this method gathers the shares g by all miners together. Whenever a certain amount of shares is accumulated (generally 30 million shares), the mine pool will allocate the profits of the previous stage to the miners according to the proportion of contribution
in this way, the income of miners depends entirely on the time needed to dig 30 million shares in the mine pool. If you are lucky, you can dig them in a short time, then the income of miners will be more, otherwise it will be less. In return, the pool charges a 3% tax
(2) PPS mode
for users, the income of this mode is relatively stable
the profit mainly depends on the miner's mining speed. As long as the mining speed is stable, the corresponding profit can be obtained, and the profit is real-time, that is, the mine pool will pay the profit for the miner while the miner is running
obviously, every time a block is calculated, the mine pool has paid for all the miners. If the block fails in the subsequent confirmation link, all the losses will be paid by the pool operator. Therefore, this method reces the risk of the miners, but transfers the risk to the pool operator
therefore, usually the ore pool can charge a handling fee to make up for the possible losses caused by these risks. In this mode, the tax of the ore pool is 7.5%
the above is about how to mine. The difficulty of mining has greatly increased, but the mining army is expanding. If the basic equipment does not meet the standard, it will be difficult to gain in the mining instry, because the value of the virtual currency may not be equal to the price of an equipment, and many miners are not just digging bitcoin, Instead, we choose other virtual currencies to mine.
3.

1、 Mining principle

at the beginning, we could dig bitcoin with the computer CPU. The founder of bitcoin, Nakamoto Tsung, g out the world's first creation block with his computer CPU. However, the era of CPU mining has long passed, and now bitcoin mining is the era of ASIC mining and large-scale cluster mining

looking back on the mining history, bitcoin mining has gone through the following five times: CPU mining → GPU mining → FPGA mining → ASIC mining → large-scale cluster mining, The mining speed changes are as follows:

CPU (20mhash / s) → GPU (400mhash / s) → FPGA (25ghash / s) → ASIC (3.5tash / s) → large scale cluster mining (3.5tash / s * x)

mining speed, which is called computing power in professional terms, that is, the ability of computer to generate hash collisions per second. In other words, how many hash collisions can our miner do per second is the calculation force. Computing power is the ability to dig bitcoin. The higher the computing power, the more bitcoin you dig, the higher the return

in the world of bitcoin, a data block is recorded about every 10 minutes. All mining computers are trying to package the data block and submit it, and the person who successfully generates the data block will get a bitcoin reward. Initially, bitcoin rewards of 50 bitcoins could be generated about every 10 minutes. But the payment is halved every four years, and now the bitcoin network can generate 25 bitcoins every 10 minutes

to successfully generate data blocks, miners need to find the effective hash value. To get the correct hash value, there is no shortcut. You can only guess. The process of guessing is the process of computer random hash collision. If you guess correctly, you will get bitcoin

Mining method: from a miner to a large-scale mine, you need to prepare a miner, a computer that can connect to the Internet, an AUC, a raspberry pie, power supply and all kinds of connecting lines, etc. The connection order of various devices is network cable - & gt; Raspberry pie - & gt; Microusb cable - & gt; AUC-> 4Pin cable - & gt; Mining machine and power supply

< EM > Figure 3: Mine Map (scale of tens of thousands of mining machines) < / EM >

nowadays, the profit space of small and medium-sized absenteeism who take one mining machine home or deploy a small family workshop (dozens of mining machines) is very limited, and the mining instry is graally concentrating on enterprises and teams with low-cost power resources and professional deployment ability

there are many factors that affect the mining revenue, such as the performance and power consumption of mining machinery, the computing power and difficulty of the whole network, the deployment and operation and maintenance capacity of the mine, the availability of low-cost electricity resources, and the currency price and policy guidance, etc. At present, excellent mining enterprises have the ability of chip research and development, a lot of computing power, professional mine deployment and operation experience, etc. in the future, resources and computing power will be more and more concentrated in these mining enterprises

2. Mine pool

in addition to the above equipment, you also need a necessary tool - mine pool. The function of the mine pool is to gather a large amount of mineral computing power, increase your probability of getting bitcoin, and at the same time, distribute your future bitcoin income to your account in advance

the simple explanation is as follows: now the bitcoin network generates a block every 10 minutes, which contains 25 bitcoins. Suppose there are 1W people in the world participating in mining, then in these 10 minutes, only one lucky person has taken these 25 bitcoins, and the others have nothing. The principle of the mine pool is that everyone mines in teams and distributes according to the agreed distribution method, so that the income of the miners' bitcoin tends to be stable and the risks of the miners are reced. Let's take the most common PPS allocation method as an example. Suppose that your computing power is 10t, and the computing power of the whole mine pool is 100t. Your computing power accounts for 1 / 10 of the total computing power of the mine pool. Suppose that the mine pool can generate 10 bitcoins a day, then you can get 1 bitcoin a day

3. Cloud computing power

in reality, the supply of mining machines often exceeds the demand, and at the same time, the delivery of mining machines needs a long waiting period. Miner installation, commissioning, maintenance and other processes are very complex, which requires a lot of energy. Miners have to enre the noise and heat of miner. For miners, the biggest cost is not these, but the high electricity charges consumed by mining. The profit space of small and medium-sized miners is getting smaller and smaller, even negative

Mining income and risk mining income can be calculated by the following formula:

Mining income = generated bitcoin * currency price - mining machinery cost - electricity fee - custody fee

if you are just a small miner, generally you only need to dect mining machinery cost and electricity fee

Mining risks are as follows:

< UL >
  • at present, the number of bitcoin is less than 4.5 million. If we do not issue additional bitcoin, the price of bitcoin will fluctuate, and the price callback will lead to the extension of the payback cycle

  • mining difficulty improvement at present, our machines can meet the market demand

  • the risk of power outage

  • < UL >

    < EM >
    < / EM >

    4. This kind of game to make money, in fact, is very unreliable, you have to focus on work, hope to help you
    5. At present, all countries are in the research stage of virtual currency. blockchain is studied by large companies. Large companies have venture capital and will not go to ordinary people to invest. Therefore, the virtual currency and blockchain that ordinary people can invest in are fake.
    6. Bitcoin mining is to use the computing power of your mining equipment to calculate mathematical problems and confirm transactions. The system will give unequal bitcoin rewards according to the amount of computing power you contribute to the whole network. Bitcoin mining has gone through three stages. In the first stage, we use CPU to mine, because there are few people mining; The second stage, we use the graphics card mining, popular point is burning graphics card mining, players began to wake up; In the third stage, professional ASIC mining machines are used for mining. Starting from Avalon's mining machines and the introction of cat roasting mining machines into the market, the computing power in this stage is surging, and the mining difficulty is increasing. In the following period, new mining machine manufacturers continue to join the mining machine instry. However, with the increase of computing power and the progress of technology, Some mining machinery manufacturers began to go bankrupt or fade out of the market. Avalon has always been active in people's field of vision and constantly launched new chips. At present, Avalon has launched three generations of mining machinery chips, and the fourth generation will soon be launched.
    7. I haven't heard of such a pilot,
    digital currency is still under study,
    it's impossible to pilot it in cities,
    I don't know where you came from.
    8. Is bitcoin a good idea? No, bitcoin is a funny bad idea. It's a scam. fraud. It's not money. The economic assumption that is the basis of bitcoin ecosystem is ridiculous, and it ignores the knowledge accumulated for hundreds of years about how different currencies work together

    fortunately, it is such a leaky system that it will probably never grow to a point where it will have adverse effects or impacts on the world economy

    however, I feel it necessary to point out the problem

    bitcoin is more like a data transmission system than a cash trading system. Well, the problem is that it doesn't make a deal by offering a digital cash deal in dollars, but by importing a whole new currency. So here we will ask, is this really desirable

    one of the fatal problems: the distribution of initial wealth

    when the Federal Reserve prints money, it will not issue millions of dollars of checks randomly to thousands of Americans. The work it does is: 1. Buy some other assets (usually US Treasury bonds) in the free market to inject more cash into the system than before; Or, 2. Lend money to the bank, the bank lends money to others, and finally spends the money

    the important thing is that these people don't get money for free. They either sell their assets for cash, or borrow money to spend it and eventually pay it back (also paying interest)

    the bitcoin system does not have a central bank to issue currency. It has an "algorithm" that allows bitcoin to be "mined" through a rather puzzling mechanism. Basically, it's randomly assigned to people who are early in the tasting season. It's a very good system for early entrants (free money!). It's a ridiculous system for real money, not to mention the obvious lack of expansibility (what happens if everyone mines all day long?) In order to solve this problem, the supply of bitcoin is algorithmically limited, which once again brings benefits to early entrants, but this leads to the second problem:

    the second fatal problem: endogenous deflation

    economics course time! Deflation results from the appreciation of currency relative to other commodities (such as the decrease of commodity prices). More directly, deflation occurs when people expect the currency to appreciate relative to other commodities, and the price trend continues to decline

    question: if money is expected to appreciate, why do you spend it? Answer: Generally speaking, you don't spend money

    the supply of bitcoin is set to slow down at a known rate. It eventually reached about 21 million. As shown in the picture

    we can see the rate - well, I agree that if it is foreseeable inflation, it may not be desirable from an economic point of view, but it is reasonable. However, if it is to slow down the issuance, if you design a currency to subvert the world order, what you would like to see is this graph:

    then what if there is at least a constant growth rate? You may be willing to do that, because that's the only way to adapt to more people using it

    but bitcoin is not designed to be a practical currency, it is designed to make early entrants rich. Once again, it's a hoax

    for a quick thinking experiment, we assume that more people use bitcoin compared with the growth of demand for bitcoin. In this way, we can expect the dollar price of bitcoin to rise rapidly. Now suppose I have a bitcoin, I also have a dollar bill, I am willing to buy a bottle of Pepsi Cola, which payment method will I use? Obviously, the devalued dollar should be spent more than the rapidly appreciating bitcoin

    in the best case, the limitation of bitcoin supply will cause severe deflation, squeeze most of the business activities of bitcoin pricing, and connive at speculation in the trading market. If you are not willing to use it and others are not willing to use it, the so-called benefits of transparency and low transaction costs will not bring you any benefits< The third fatal problem is the lack of convertibility. People have a misunderstanding about the so-called intrinsic value of money. In fact, there is no so-called intrinsic value of money. The nominal value of money is limited to the other money they can trade for. One dollar is equivalent to a certain amount of euro, one euro is equivalent to a certain amount of yen, and one yen is equivalent to a certain amount of dollar. One dollar can be stored in the bank, change a certificate of deposit, and then the certificate of deposit can be changed into one dollar. It can be turned into a commercial or personal check and then into cash or deposit. When you travel, it can be changed into a traveler's check in yen or euro. If you have to pay for sandwiches, the sandwich shop also charges because the money can be converted into something else. It's a wonderful circular balance.
    9.

    as long as there is enough capital and cheap electricity, as well as computers with superior performance, the payback cycle is very short. Moreover, if you are a believer in bitcoin and want to collect money, mining is undoubtedly more cost-effective than speculation. Take the latest miner on the market, ant miner S19 Pro 110t, for example. The market price is about 20000 yuan, the calculation power is 110th, the total power is 3250w, the electricity charge is 0.3 yuan / kWh, the daily output is 0.000924 bitcoins, the income is about 59.27 yuan, and the electricity charge is 23.4 yuan, the daily net income is 35.87 yuan. If the price is in equilibrium, the payback cycle is about one year and seven months

    the annual income of bitcoin cloud computing power mining can be more than 20%, which is far higher than most of the investment. It is the best choice for most Xiao to invest in bitcoin mining. As an early established cloud computing mining platform in the instry, easy direct mining provides users with diversified investment options. The calculation power of the mining machinery can be checked in real time, the income will arrive every other day, and it will be redeemed free of charge when it is e. At present, bitcoin mining still has a large income. As long as there is enough capital and energy, we can get high income by mining bitcoin. But for Xiao, it is still the best choice to obtain stable income through cloud computing power mining

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