1. PixelPlaygroundHome
  2. Blockchain Briefs

What Does “全网矿工” Mean? (Full-Time Miners)

• Blockchain Briefs • 86 views

What does \”全网矿工\” mean? \”全网矿工\” refers to the miners who participate in the calcul

What Does 全网矿工 Mean? (Full-Time Miners)

What does “全网矿工” mean? “全网矿工” refers to the miners who participate in the calculation and consensus process of mining in the entire network. In the blockchain, all blocks are packaged into transactions following certain rules. For example, we treat cryptocurrencies like Bitcoin as a unit of account or a store of value. However, due to the concentration of computational power in the entire network, people often wonder, “How can we achieve this distributed system?”

In fact, all types of currencies on the entire network have their own operating mechanisms and transaction fees, which result in highly unstable prices. Therefore, the entire network has become a huge competitive market, and many believe it is a dead end. If the entire network is included, it means that new mining pools will be formed. Full-time miners in the entire network provide incentives for various new games, attracting more players to participate in these activities.

Full-Time Miners

According to OKEx mining pool data, the current computational power of full-time miners is 60.31PiB. Among the three mainstream currencies BTC, ETH, and LTC, over half of the computational power comes from mainland China, while the other half is from overseas mining farms operated by full-time miners, accounting for approximately 30%.

Currently, full-time miners fall into two categories: individuals or institutions, and mining machine manufacturers or exchanges. These companies are responsible for maintaining the Bitcoin network, including but not limited to hardware equipment, software, infrastructure, technical services, and security management, among others.

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/24003/

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 08/15/2023 07:18
Next 08/15/2023 07:41

Recommended articles