Spark mining pool automatically withdraws 001 computing power

1. Mining Pool Ranking

Mining Pool Ranking: 1.SparkPool, 2.Ethermine, 3.F2Pool, 4.FlexPool, 5.Hiveon, 6 .Nanopoo
Extension information:
①As the computing level of the entire Bitcoin network continues to increase exponentially, a single device or a small amount of computing power cannot obtain the block rewards provided by the Bitcoin network on the Bitcoin network. After the computing power of the entire network has increased to a certain level, the probability of winning is low, prompting some geeks on “Bitcoin Talk” to find ways to combine a small amount of computing power, and the website built in this way is called “Mining Pool”. In this mechanism, no matter how much computing power individual miners can use, as long as they participate in mining activities by joining the mining pool, no matter whether they successfully mine valid data blocks, they can get a small amount of bitcoin rewards by contributing to the mining pool, that is, multi-person cooperative mining. , Bitcoin rewards are also shared by multiple people based on contributions.
2 In the Bitcoin world described in Satoshi Nakamoto’s paper, the entire network produces a block every 10 minutes on average, and each block contains 50 bitcoins (now 12.5, bitcoin halved every four years or so ), and a block can only be mined by a few lucky people. Own 50 bitcoins outright (it’s 12.5 now, bitcoin halving every four years or so) and everyone else has nothing. The mining probability is proportional to the computing power of the equipment invested by the miners. It is doomed that if the number of Bitcoin mining participants is large and dispersed to a certain extent, the probability of finding Bitcoin will be infinitely close to zero, similar to winning the lottery. Maybe a miner goes into mining, and it takes 5 to 10 years to mine a block, which puts bitcoin mining in an embarrassing situation that makes it almost impossible for ordinary people to participate.
③The existence of the mining pool reduces the mining difficulty of virtual digital currencies such as Bitcoin, lowers the mining threshold, and truly realizes the concept of Bitcoin mining that everyone can participate in. But its shortcomings are also very obvious, because the computing power connected to the mining pool, as a mining pool, will have extremely huge computing resources. In the Bitcoin world, computing power represents the right of bookkeeping, and computing power is everything.
④If the computing power of a single mining pool reaches more than 50%, it is easy to launch a 51% attack on Bitcoin and other similar virtual digital currencies, and the consequences are very dire: Monopoly mining rights can make the remaining 49% of the mining pool particles. No one can gain computing power, instantly withdraw from the competition and go bankrupt. The computing power of the mining pool exceeds 50%. If a 51% attack is launched, it will easily occupy all the effective computing power of the entire network. Monopolizing the right of bookkeeping, through a 51% attack, double payment can be made, and a sum of money can be used multiple times, which will directly destroy the credit system such as Bitcoin and make its credit disappear. Monopolizing the distribution right, because a single (or possibly multiple) mining pool occupies the computing power of the entire network through a 51% attack, it will quickly crowd out the remaining mining pools and cause them to close. Since there is no competition, mining pools can distribute their own income and charge miners exorbitant taxes and miscellaneous taxes such as exorbitant fees.

2. How to withdraw coins in Spark Pool

3. What if the ETH mining pool stops Office

ETH mining pool stopped contacting the mine owner and started mining again. May be unable to connect to the mining pool, try again after 20 seconds. Without the network, Spark Pool suffered another wave of attacks. The rejection of the ETH mining pool means that during the calculation of a certain block, your calculation submission is later than other people’s or you have just started to calculate the block and the calculation has been completed, and each mining pool has a difference of about 3%. as normal.
Extension information:
1. The mining pool means that because the computing level of the entire Bitcoin network continues to increase exponentially, a single device or a small amount of computing power cannot obtain the Bitcoin network on the Bitcoin network. The block reward provided. After the computing power of the entire network has increased to a certain level, the probability of obtaining rewards is too low, prompting some geeks on “bitcointalk” to develop a method that can combine a small amount of computing power to operate jointly. Websites built using this method It is called “Mining Pool”.
2. In this mechanism, regardless of the amount of computing power available to individual miners, as long as they participate in mining activities by joining the mining pool, no matter whether they have successfully excavated valid data blocks, they can use the mining pool to participate in mining activities. Contribution to get a small amount of Bitcoin reward, that is, multi-person cooperative mining, and the Bitcoin reward obtained is also shared by multiple people according to their contribution. As of January 2019, the top five bitcoin mining pools with global computing power are: BTC.com, Poolin, AntPool, slush pool, and F2Pool. About 70% of the world’s computing power is in the hands of Chinese miners.
3. In the Bitcoin world described in Satoshi Nakamoto’s paper, the entire network produces a block every 10 minutes on average, and each block contains 50 (now 12.5, and Bitcoin is halved every four years or so) Bitcoin, and a block can only be mined by a lucky person, who directly owns 50 in it (now it is 12.5, Bitcoin is halved every four years or so) Bitcoin, others �� If the particles are not harvested, the probability of digging is proportional to the computing power of the equipment invested by the miners. This is doomed that if the number of participants in Bitcoin mining is large and dispersed to a certain extent, the probability of mining Bitcoin will be infinitely close to zero, similar to winning the lottery. Maybe invest in a mining machine to mine, according to the probability, it will take 5~10 years to mine a block, which puts Bitcoin mining in an embarrassing situation, making it almost impossible for ordinary people to participate.

4. How can I find the coins in the fish pond mine, but the fish pond runs away, how to find the coins

5. Is Spark Pool mining stealing computing power?

  • It is mainly due to the 51% attack, because some well-known mining pools in the world have low rates before. , Easy to use Many miners go to those large mining pools to mine, and the computing power of mining pools has skyrocketed, approaching or even exceeding 51% of the global computing power many times.

  • The Bitcoin community has also raised a lot of discussions about the 51% attack. The mining pool operators also called on miners to transfer to other mining pools with a responsible attitude, and finally 51% of the attacks were resolved. Many Chinese miners have moved to fish ponds.

  • Due to their lack of understanding of global mining pools, most of the new miners have joined the fish pools, and many mining pools have died due to poor management.

6. Spark Pool is closed, what to do with the earnings to be transferred

The earnings to be transferred will be on the 28th of the following month Transfer on this day, provided that the income to be transferred is greater than 0.01.

Needs to know:

It is mainly due to the 51% attack, because some well-known mining pools in the world have low rates before. , Easy to use Many miners go to those large mining pools to mine, and the computing power of mining pools has skyrocketed, approaching or even exceeding 51% of the global computing power many times.

The Bitcoin community has also raised a lot of discussions about the 51% attack. The mining pool operators also called on miners to transfer to other mining pools with a responsible attitude, and finally 51% of the attacks were resolved. Many Chinese miners have moved to fish ponds.

Because of the lack of understanding of global mining pools, most of the new miners have joined the fish pools, and many mining pools have died due to poor management. A bitcoin mining machine is a computer used to earn bitcoins. This type of computer generally has a professional mining chip, and mostly uses a graphics card to work, which consumes a lot of power.

Users download software with a personal computer and then run a specific algorithm. After communicating with a remote server, they can get corresponding bitcoins, which is one of the ways to obtain bitcoins.

7. How to set up manual withdrawal in Spark Pool

8. ETH [Ethereum] problem What is the single mining batch of Spark Pool.

Unable to connect to mining pool, try again in 20 seconds. 1. No internet. 2. Spark Pool suffered another wave of attacks.

9. What to do when Spark Pool closes

10. What mining pool to use after Spark Pool is closed

Only go out to sea and find somewhere else. Otherwise, please stop mining this illegal act immediately.

As the computing level of the entire Bitcoin network continues to rise exponentially, a single device or a small amount of computing power cannot obtain the block rewards provided by the Bitcoin network on the Bitcoin network.

After the computing power of the entire network has increased to a certain level, the probability of obtaining rewards is too low, prompting some geeks on “bitcointalk” to develop a method that can combine a small amount of computing power for joint operation, Websites built in this way are called “Mining Pools”.

In this mechanism, regardless of the amount of computing power that individual miners can use, as long as they participate in mining activities by joining the mining pool, no matter whether they have successfully mined valid data blocks, they can use The contribution of the mining pool to get a small amount of bitcoin reward, that is, multi-person cooperative mining, and the bitcoin reward obtained is also shared by many people according to their contribution.

As of January 2019, the top five bitcoin mining pools with global computing power are: BTC, Poolin, AntPool, slush pool, and F2Pool. About 70% of the global computing power is in the hands of Chinese miners.

Generation background:

In the Bitcoin world described by Satoshi Nakamoto’s paper, the entire network produces a block every 10 minutes on average, and each district generates a block. Blocks contain 50 (now 12.5, Bitcoin halving every four years or so) bitcoins.

And a block can only be dug up by a lucky person, who directly owns 50 (now 12.5, bitcoin is halved every four years or so) bitcoin, and others have no income , the probability of mining is proportional to the computing power of the equipment invested by the miners.

It is doomed that if the number of participants in Bitcoin mining is huge and dispersed to a certain extent, the probability of mining Bitcoin will be infinitely close to zero, similar to winning the lottery. Maybe invest in a mining machine to mine, according to the probability, it will take 5~10 years to mine a block, which makes Bitcoin.The �� mine is in an embarrassing situation, making it almost impossible for ordinary people to participate.

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