Oil chain mining mode

1.

In 2009, bencong invented bitcoin, and set that there are only 21 million bitcoins. By participating in the proction of blocks and providing proof of work (POW), he can get the reward of bitcoin network. This process is mining

the concept of "mining" comes from the existing concepts in our real economic life, such as gold mining and silver mining. Because minerals are valuable, it drives people to pay labor to dig

another important point of bitcoin mining is that the miners who participate in mining recognize the value of bitcoin, and some of them are willing to spend money in the bitcoin market. Therefore, the mining of bitcoin is meaningful

extended data

currency characteristics of bitcoin

1, decentralized

bitcoin is the first distributed virtual currency, and the whole network is composed of users without central bank. Decentralization is the guarantee of bitcoin's security and freedom

2, bitcoin can be managed on any computer connected to the Internet. No matter where you are, anyone can dig, buy, sell or collect bitcoin

3, exclusive ownership

controlling bitcoin requires a private key, which can be stored in any storage medium in isolation. No one can get it except the user himself

4, low transaction cost

bitcoin can be remitted free of charge, but in the end, about 1 bitfen transaction fee will be charged for each transaction to ensure faster transaction execution

5, no hidden cost

as a means of payment from a to B, bitcoin has no cumbersome limit of quota and proceres. If you know the other party's bitcoin address, you can pay

6, cross platform mining

users can explore the computing power of different hardware on many platforms

2. Qwertycoin, which has been popular recently, was built by the geek team in Germany for 18 months. It is a secure anonymous coin that focuses on privacy and is used for global
secure payment. Qwc has no pre excavation and ICO, and adopts cryptonight algorithm (supporting mainstream mining machine X3 and A8 +) POW mining.

3. Mining is a way of exchanging time for space and buying currency at fixed cost. The growth of computing power, the rise and fall of currency price and the update of equipment will be in a dynamic balance. As long as you are optimistic about the blockchain and feel that you don't have the ability to stir up money with high price and low price, investment and mining will be a good choice for blockchain investment. Can contact NB cloud mining, mining agent operation, more professional, every day there are benefits.

4.

1. Coinbene

country: Singapore

Mining instructions: CONI is issued by the global high-quality digital asset trading platform coinbene in full currency, with a total issue of 1 billion and guaranteed never to be added. Coinbene provides an online service (platform), which allows users to exchange different block link codes with each other. 100% of the platform revenue is converted into eth (converted according to the hourly closing price of ETH) and returned at 3pm the next day. Special line discount of transaction service charge: users holding CONI will enjoy special discount of service charge. The more they hold, the greater the discount. They can enjoy 30% discount at most

2. Fcoin

country: U.S.

Mining Description: fcoin is the first digital asset trading platform with transparent assets in the world, which will distribute 80% of the platform's income to FT holders regularly. Ft (fcoin token) is a token issued by fcoin trading platform, which is the representative of all rights and interests of the trading platform. The issuance of FT is based on the principle of "trading is mining", with an upper limit of 10 billion and will never increase“ The specific way of the "transaction is mining" indivial transaction fee return mechanism is: from 0 o'clock every day (GMT + 8, the same below), the transaction fee generated by the user will be converted into ft for accumulation every hour, and the conversion price is calculated according to the average price of FT in that hour (the average price is calculated as the total transaction amount / total trading volume). Return once an hour, return the mining output 24 hours ago and in the same hour interval. For example, in the interval of 7:00-8:00 one day, the return is the mining output in the interval of 7:00-8:00 the previous day

3, bit-z

country: U.S.

Mining instructions: voting method is adopted to realize currency loading, mining generates BZ in real time, and settlement is returned every 60 minutes. The commission fee will be reced by 3% for every 10 million mines“ Users who participate in the transaction can get a refund of service charge (in the form of equivalent BZ, and need to complete three-level certification); Each phase of 10 million BZ will be released step by step, and each phase of 10 million BZ will automatically enter the next phase. The return ratio of each period will decrease by 3%; At the same time, the platform promotes the opening of BZ transactions according to the mining capacity of the whole network; BZ shall return the service charge according to the formula in "2" before opening the transaction, and 100% of BZ real-time price after opening the transaction; Price calculation: before opening Trading: 1bz = 0.158 usdt, 1bz = 1dkkt, 1bz = (0.158 / BTC price of the whole network) BTC opening; After trading: real time price calculation

Mining instructions: the total amount of bigo coins is 25050000, which adopts destruction mechanism and dividend mechanism, and will never be issued. The only way to obtain bigo currency is for users of the currency exchange to obtain it through mining or online trading. Mining: it refers to the user's transaction on Hong Kong currency Pavilion platform (all currencies except bige currency and bigo currency), namely "transaction mining"“ Miners (users) increase the total trading volume of the platform through trading, and the trading system automatically drops bigo coins to miners as mining rewards

U-coin

country: Australia

Mining instructions: Au is based on erc20 contract tokens, with a total issue of 5 billion, and will never be issued. All Au are frozen and need to be thawed by mining, 50% of which is released by trading mining. AU's "mining" is realized in the form of indivial transaction dividends. The specific calculation method is as follows: daily income of the miner = daily transaction handling charge / Au currency price of the day * dynamic transaction mining Commission. The "daily transaction handling charge" refers to the total handling charge generated by the miner's daily transaction in the Au trading area of u Network in Australia“ "Current day Au currency price" refers to the daily average price of Au currency on Australian u-net platform“ "Dynamic transaction mining rebate" means that the platform will refund 100% to 200% of the total transaction fees of the Au trading area on the same day according to the total mining quantity and currency price on the same day

there are more than a dozen other companies. There are too many words to post. Let's see for ourselves

continuous update: trade is mining! The most complete list of mining exchanges in history

5.

Yottachain: blockchain storage has an overwhelming advantage over the existing centralized storage (AWS / alicloud / EMC / Huawei) in the persistent storage market. The data reliability has been improved exponentially. It has excellent anti DDoS and disaster recovery characteristics, and the cost has been reced several times. Taking yottachain as an example, the details are as follows:

(4) when reconstructing the data of a failed node, it will be divided into many nodes to reconstruct at the same time to speed up the reconstruction speed. For example, if a fragment of 10000 files is stored on a failed node, it takes 0.5 seconds on average to rebuild a fragment (mainly for network transmission). 100 nodes are selected to participate in the reconstruction, and each node only needs to rebuild 100 fragments, with an average of 50 seconds to complete the reconstruction. As long as the other 30 nodes of the same file will not fail at the same time within 50 seconds, the file data will not be lost

(5) e to good rendancy and scattered geographical location, there is no need to worry about hard disk damage, operation and maintenance failure of indivial nodes (Tencent cloud lost user data e to operation and maintenance failure in August 2018), lightning weather (in September 2018, Microsoft's azure service in some areas was shut down for more than 20 hours e to lightning), power failure, optical fiber being cut off Data failure is caused by earthquake, fire and other reasons

(6) because the nodes are scattered and rendant, they are not afraid of DDoS attacks

6. Before specifically talking about what mining is, you need to know what blockchain is
to put it simply, blockchain is a new application mode integrating various computer technologies. Just treat it as a new technology. The network constructed by blockchain technology has the characteristics of "decentralization", "information tampering", "openness", "anonymity" and "security and reliability". These technologies can be applied in many fields, in short, it is very powerful ~
miner, a simple understanding is a more advanced computer, miner is to contribute to the blockchain network, you can regard miner as the guardian of blockchain
with mining machines, the blockchain network can operate normally. These mining machines are constantly doing calculations to provide computing power for the blockchain network. When the mining machine makes the correct calculation, the whole blockchain network will reward the mining machine with the corresponding digital currency. This process is called mining
if you also want to make a "contribution" to the blockchain, you need to download the mining system to start. Oh, let's have a look.

7. If there is only game mining mode in the world of playing. That's an oil tycoon.

8.

I believe there is a fraud in issuing digital currency, but there is a fraud in mining. Unless you buy a "nonexistent" mining machine or computing power, the probability of being cheated is almost zero. Next, let me talk about UTC's past and present lives

So, it's hard to say whether UTC is a fraud, but this model is indeed an innovation in the currency circle. After all, digital currency is getting more and more attention, and it may not become "currency", but it may become "alternative investment goods". Personally, I'm optimistic about this mining model

moreover, as far as I know, the team behind UTC, as well as the financial and technical support are quite reliable. If it is really a scam, the institutions that invest in UTC will not make such a big battle to cheat people