What is a "mining pool" and what is it? Explain on fingers

Date:

2017-10-22 18:30:05

Views:

3920

Rating:

1Like 0Dislike

Share:

What is a Source:

Long Ago, when bitcoins were worth pennies, and the decision task did not require iron huge capacity, any graphics card could without problems find the right solution, and the miners just did what I got it for blocks. But as time went on, bitcoin and other cryptocurrencies started to go up, look for new units has become more difficult, therefore, to cope with the search became more difficult, but the reward has increased. Ordinary computers stopped as well to solve the tasks, so the miners decided to join forces and have created mining pools, which we have already mentioned .

As we already know, each new block contains recent transactions. In addition, it has the task, based on information from the previous block — this is done in order to eliminate the possibility of breaking the chain or substitution of a block but the calculations become more complicated.

«All members of the pool looking for the solution to one problem, every card makes it apart from others. It is important to understand that even the most weak computer can find a solution, good luck there not been canceled. But if you collect a pool of 10,000 cards, the problem will be solved like peanuts», — explained to us the expert 2bitcoin.ru.

Mining pool receives solutions from all computing devices connected to it simultaneously checks if any of them are data solution for the next block. If any, the pool receives a reward which is then shared between the participants of the process and is paid to them in the wallets. Of course, more is the one who put in more effort. Plus the fact that even a weak computing device has a chance mined block, and its owner will eventually receive . For example, in the Bitcoin network is 12.5 BTC, Ethereum network — 5 ETH.

Recommended

How to watch YouTube on my TV? Example TV set-top box on Android

How to watch YouTube on my TV? Example TV set-top box on Android

Interesting design draws all gadgets In recent years, increasingly heard the words “I don't watch TV”. Some add that they don't even have. But on the TV hanging on the wall or standing do not stand, you can watch not only Federal channels. Especially...

How to strengthen a cell phone signal in a country house or cottage

How to strengthen a cell phone signal in a country house or cottage

In modern life is hard to imagine myself without any of the advantages of mobile communication and wireless Internet, especially outside the city. To lose the ability to communicate is not desirable, sometimes you got to work (and play, of course). B...

USA looking for a company that will burn tons of sensitive data

USA looking for a company that will burn tons of sensitive data

Huge volumes of data that are stored on military bases, not just drag to trash and delete. All equipment that store confidential information, subject to complete destruction. Best of all this handle the fire, so missile range White Sands in new Mexic...

Comments (0)

This article has no comment, be the first!

Add comment

Related News

Raspberry has released a new modular laptop Pi-Top

Raspberry has released a new modular laptop Pi-Top

a New laptop from the company Raspberry Pi was created in order to allow the user not only able to update its hardware, but also had the opportunity to learn code and electronics, adjusting the hardware of the laptop under their c...

How to increase hard disk capacity up to 40 TB? Using microwaves!

How to increase hard disk capacity up to 40 TB? Using microwaves!

With the increasing amount of information increases and the need for data storage. The volume of media is growing more slowly than we would like. To increase memory for many users is not enough of standard means, and they transfer...

Intel presented a working 17-Kubany quantum chip

Intel presented a working 17-Kubany quantum chip

more and more manufacturers are their developments in the sphere of creation of quantum computers. And if before all the research was quite large companies and about entering the consumer electronics market, even speech was not co...

BQ Strike Selfie — beautiful wrapper for a selfie

BQ Strike Selfie — beautiful wrapper for a selfie

is it Possible to buy a camera for less than 7,000 rubles? There are manufacturers who claim that, Yes, but at this point it is worth remembering the saying “trust but verify”. In recent years, turned serious struggle for the buy...

Gigabyte has created the most compact in the world the GTX 1080

Gigabyte has created the most compact in the world the GTX 1080

a Taiwanese company well known throughout the world. Since 1986, it manufactures motherboards, video cards, network and server equipment, optical drives, monitors, power supplies and other components. Recently among manufacturers ...

Meizu announced that the M6 Note

Meizu announced that the M6 Note

August 23, 2017 debut, a few notable smartphones. In addition to Samsung Galaxy Note 8, which was discussed previously debuted also Note M6 from Meizu released earlier unusual for devices of the most important hardware characteris...

Intel published specifications of its 18-core processor

Intel published specifications of its 18-core processor

the Famous manufacturer of processors has been a lot of noise, announced at Computex, the new processor family . The head of a new family of monstrous 18-core 36-thread processor Core i9, which, however, until today almost nothing...

Shoulder VR computer you plan to use for the training of military

Shoulder VR computer you plan to use for the training of military

We have already told you that several major manufacturers have announced the computers in the form of a shoulder backpack with support for popular VR headsets. This straightforward method solved the problem of dangling wires conne...

Intel introduced a neural network the size of a flash drive

Intel introduced a neural network the size of a flash drive

In recent years, neural networks are used in virtually all spheres of human activity. This technology would seem to require a huge capacity and are not available to ordinary users, while remaining a portion of large corporations. ...

The technology, which will increase the storage time of data on the SSD in the 2900 times

The technology, which will increase the storage time of data on the SSD in the 2900 times

Solid-state SSDS are becoming more common and are replacing the once popular HDD. The main problem of the nonvolatile NAND memory used in SSD drives is the limited number of cycles of read/write. Now, a team of researchers from Ja...

Created working model of memory based on the magnetoelectric effect

Created working model of memory based on the magnetoelectric effect

Today, it is difficult to find an electronic device that would RAM. To use it tied up almost all the features of the functioning of the software. Although there is a "RAM" and a significant drawback – very high power consumption. ...

Scientists from Russia and the United States created the first 51-Kubany quantum computer

Scientists from Russia and the United States created the first 51-Kubany quantum computer

Physicists from Russia and the USA have jointly developed and tested the world's most powerful quantum computer, which is based on 51-Kubany chip. The group, which is one of the founders of the Russian quantum center Mikhail Lukin...

Found a way to replace silicon with carbon in the computers of the future

Found a way to replace silicon with carbon in the computers of the future

the Researchers were able to create a new computer system, operating without the use of silicon carbon-based. The advantages of computers based on the new transistor — their significantly increased productivity. The design o...

In the Netherlands proposed to heat the home servers

In the Netherlands proposed to heat the home servers

Electronic devices emit a lot of heat when working. So the more power the device, the more efficient it is necessary to cool. Large computing centers, working with huge amounts of data every day allocate a huge amount of heat with...

Intel has introduced a new line of processors Core X

Intel has introduced a new line of processors Core X

In the past year as part of Computex, Intel presented to the public for $ 1700. Less than a year, and now the famous manufacturer announces a brand new line of processors called Core X. the flagship of the new series of microproce...

AMD has introduced a 16-core processor Ryzen Threadripper

AMD has introduced a 16-core processor Ryzen Threadripper

AMD to please the fans of its production with new announcements. The new processor of the company called Threadripper and contains , able to handle 32 data flow. This product will have to compete with Intel in the market segment o...

NVIDIA first demonstrated a multiuser VR system

NVIDIA first demonstrated a multiuser VR system

Today's game for virtual reality, as a rule, assume that play them will be one person. Tentative steps in the direction of multiplayer done, but the progress is not so significant. For example, in the game Keep Talking and Nobody ...

Extreme sports on wheels with the iconic brand Razor

Extreme sports on wheels with the iconic brand Razor

You are young, energetic, and love active pastime? Then you probably have at home , or . But look at its label: most likely, it is a little-known manufacturer that distributes its products to chain stores. What is the difference b...

Presents the most complex to date, the microchip is made of two-dimensional material

Presents the most complex to date, the microchip is made of two-dimensional material

the Austrian researchers from the Vienna University of Technology have recently developed the most sophisticated microprocessor made from a two-dimensional material. Crystal microprocessor carries 115 of transistors, each of which...

#CONTEST | the age of the transformers, or How Nokia managed to surprise us

#CONTEST | the age of the transformers, or How Nokia managed to surprise us

what do you first associate the company Prestigio? Personally, I have — with car navigators, the only one still helps out in the long-haul journeys to Russia and Europe, although they were purchased a few years ago. But not ...