You must understand some mining pool knowledge to dig bitcoin

More and more people are digging bitcoin. Bitcoin mining has also caused hot spots in the vast mining and currency circles. As the number of people involved in bitcoin mining increases, the computing power of Bitcoin is also rising. And the bitcoin output is halved and halved. It is very difficult for a single mining machine or a small amount of computing power to dig into Bitcoin. At this time, you have to talk about the mining pool. When it comes to mining ponds, you will definitely want to mine, calculate power, etc., but if you go deeper, there are a lot of technical terms to make everyone confused. In order to better understand the mining circle, the currency circle, and understand the mining pool, the following RHY mines give some terminology to the majority of miners' science and mining pools.

First of all, we need to understand what the mining pool is, and the mining pool is a collection of miners. Because the chances of a single mining machine trying to dig a block are very small, the miners join forces to form a mining pool to increase the probability of digging into the mine. The blocks dug in the mining pool will be rewarded according to the calculation of the total calculation capacity of the mining pool.

1. Explosive block: The mining pool group calculates the new block area reward generated by mining. Every time a block is produced and confirmed, all miners are rewarded and awarded to the mine wallet.

2, dead block: isolated block. The currency that confirms the faster and the faster the block time is relatively more.

3, burst speed: according to the formula within 1 hour block area * (mine pool speed / full network speed) = 50 minutes a block * full network difficulty / current difficulty actual.

4, burst speed: each MPOS has a burst progress, no more than 50 minutes of explosion, then the mine pool progress will show 100 +%, the progress is less than 100% on the block, then the so-called reward. If the progress is 79%, then the theory is more than 21% (the explosion is random, the bigger the calculation of the mining pool, the faster the explosion speed, of course, your average SHARE value will be much lower).

5, A value: the same difficulty, the more A value, the higher the SHARE value. The higher the difficulty, the higher the single SHARE value.

6, R value: rejection rate, and the mine pool link speed, the lower the delay, the lower the rejection rate. At the same time, it is also related to the optimization of the mining pool. The higher the acceptance of the effective NOCEN, the lower the rejection rate. In fact, the meaning of the two is similar, and the actual situation should be further studied.

7, HW: hardware error (not related to the mining pool, its own hardware decision), according to the explosive block for the handling fee, such as a certain currency, each burst a 125000 (about), then the handling fee is 1%, then the mining pool has 1,250 . SOLO mining is to open the wallet as a node mine pool, to collide with the HASH value, and collide, then the block rewards you all personally.

8, P2P mining: the whole network mining wallet as a node mine pool, to hit the HASH value.

Bitcoin mining income = full network wallet computing power ratio dividends

Mine pool income distribution model:

1, PPS: As long as there is A value (share value) will be accounted for, according to the theory of block dividends. Therefore, no matter whether it is explosive or not, there will be immediate rewards, so the mining pool has to bear a lot of risks. It is necessary to have a certain strength and computing power to make PPS. This bonus does not need to be confirmed, you can immediately get your full mine pool ratio SHARE value dividend.

2, PPLNS: Like the actual SOLO mining, everyone teamed up to mine. Dividend according to the set number of SHARE values (default is 10 rounds), 10 rounds of dividends to the miners, all you will get dividends even if you leave in the first round, until your SHARE value is zero. Relatively speaking, PPLNS requires miners to provide computing power to the mining pool for a long time, and will get relatively good returns.

3, PROP: exactly the same as the actual SOLO mining. However, for a round of settlement, the SHARE value is divided once (the mine pool is your SOLO wallet, but the mining pool is computationally powerful and the probability of bursting is much higher than your personal SOLO).

4, RBPPS: The same principle as PPS, but excludes the reward of dead blocks. Need to confirm that it is not a dead block, in order to get the same dividends as PPS. For example, COINOTRON's RBPPS fee is 2.5% PPS is 4%. In fact, the choice of RBPPS is even better because the Wright currency has very few isolated blocks.

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