1. PixelPlaygroundHome
  2. Blockchain Briefs

What is mining pool computing power (does the higher the mining pool computing power, the higher the profit?)

• Blockchain Briefs • 75 views

What is mining pool computing power

What is mining pool computing power Bitcoin computing power began to appear in January 2016. But as Bitcoin prices fell, the prices of mining equipment also increased significantly Before the end of 2018, due to the sharp drop in BTC prices, many small businesses had to shut down their machines and restart their operational processes. However, the operators of these companies did not receive the necessary compensation. It is said that many bosses of large enterprises have gone bankrupt or closed their businesses, making their financial situation very difficult. This has led to some companies being unable to operate their networks and products normally, resulting in unnecessary losses. So what is mining pool computing power We can divide it into three parts: block rewards, transaction fees, mining fees, and others The first is the mining pool In order to calculate the hash value obtained by each Bitcoin miner, it is necessary to calculate all the content that needs to be output at a specific time in a block. The hash value obtained from the calculation is 50/second, and this unit is considered a fixed time length When you use the total number of a mining machine on the entire network and calculate it to the account, you must pay the corresponding handling fee to carry out mining machine operation and maintenance. If you want to profit from it, you must first purchase the hardware of that hardware. If someone wants to sell their hardware, they must use your computer to complete all operations in order to make a profit. Of course, this digital currency can also be exchanged for cash or legal tender through an exchange. However, this is impossible, because most exchanges in the current market provide services in the form of Stablecoin such as USDT. So you can choose to directly enter the trading market Then there is the mining pool For most small white users, their biggest concern is still Bitcoin, which has a high level of network security compared to Bitcoin, but it is difficult for ordinary people to understand. And almost all Almost all in the Cryptocurrency industry are maintaining their own mine infrastructure. For example, Ant S9, and even Bitmain S17Pro. Although there are many companies specialized in ASIC mining on the market now. But one of them is BitMicro Mining What types of mining pools are worth paying attention to besides Bitcoin 1. Cloud mining pool; 2. Distributed storage mining pool 3. Data center mining pool 4. Smart contract mining pool. As mentioned earlier, mining pools typically update users’ mining software on a regular basis. For example, after the recent version upgrade, each server has added new algorithms to optimize difficulty and adjust parameters

The higher the computing power of the ore pool, the higher the income.

Editor’s note: This article is from Wind and fire wheels Community (ID: FHBT18). The author is Peipei. Odaily Planet Daily is authorized to reprint it Hello everyone, I am Pepe. Recently, I have seen some discussions about the returns of mining pools:

1. If calculated based on the power ratio, how much money can I earn in currency prices? Personally, I believe that higher returns lead to higher returns, so my perspective is relatively conservative. However, it should be noted that many so-called “mining” platforms in the market are operated in a low-cost, fast and efficient way. However, due to the high threshold for mining, the difficulty of operation and the difficulty of placing orders, ordinary users are not very interested in investing Bitcoin or other Cryptocurrency, And the price fluctuations of these assets can easily cause panic and skepticism in the market towards the price of a small currency or a certain project. Therefore, let’s understand this problem in more understandable language Why do most people consider mining pools as the most attractive financial product because they are interested in the opportunity to make money from mining? For example, many exchanges have launched various coin trading services on the market, which is not particularly significant compared to the amount of funds in traditional financial markets. After all, starting from the second half of 2017, the commission income of various platforms will show explosive growth. And as more and more digital currency investors enter and participate, they will choose to deposit a portion of their funds into these platforms and obtain a corresponding share of BTC, thereby generating more profit space Why is this situation happening? Firstly, there is a craze for coin speculation in the mining industry. On April 18th of this year, Bitcoin briefly plummeted below $3800, which many people believed was normal at the time. However, later on, there were other times when the prices of counterfeit coins rose. So is it because the previous bull market saw many old players see the rise of new projects that they have this motivation? Does that mean that domestic miners have not realized that they have not entered the world of mining? Of course, it may be the same, but in reality, in a bear market, some miners even have to abandon some of them to avoid losses and turn overseas There is also a term called “contract”. That is to buy a certain amount of ETH and Stablecoin through futures to obtain Bitcoin in the contract, and then exchange it into corresponding legal currency for trading. From this perspective, it can be concluded that contracts are only a way to provide liquidity for users. Not all users can buy or sell directly, but when you want to use your own currency and are willing to take certain risks, you can lend it to others to buy or pledge the currency. Once it is cashed out, it will automatically close the position and retrieve it. As long as you have enough USDT in your wallet, you can withdraw it at any time.

This article and pictures are from the Internet and do not represent Fpips's position. If you infringe, please contact us to delete:https://www.fpips.com/22044/

It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.

Like (0)
Previous 08/05/2023 16:26
Next 08/05/2023 16:48

Recommended articles