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Explanation of mining terms?

 Advantages of blockchain
1. Decentralization, 2. Information cannot be tampered with


Mining machine

To talk about mining machines, let’s talk about mining first. The process of obtaining digital currency rewards by using computer math problems is very similar to mining. It is a process of mining valuables that can be sold for cash. Therefore, the process of obtaining digital currency is called mining.

Correspondingly, the equipment used to mine digital currency is called a mining machine.

Mining machine mining is the only way to produce Bitcoin. For a split second, all mining rigs over the internet have the same math problem. Whoever gets the correct answer first has the right to be billed once. At the same time, he also received mining rewards from the Bitcoin main network. Currently, each person is rewarded with 6.25 BTC.


Mining machine co-leasing
In the blockchain, it generally refers to the computing power of the mining machine, which is a measure of the computing and network processing capabilities of the mining machine. The computing power is the ability of the mining machine to dig out digital currency. The computing power of the machine accounts for the entire network. The higher the ratio of computing power, the more bitcoins the computing power produces.


What is the mining machine operation?
Mining operation on behalf of the mining machine is usually provided by large mining farms, etc. to provide one-stop service of mining machine + hosting + operation and maintenance! Users can directly purchase their favorite mining machines on the LLGO platform, and the platform will carry out mining machine purchase, transportation, hosting, maintenance, etc., so as to obtain the digital currency mined by the corresponding computing power.


Mining pool
It is a place where part of the computing power of digital currencies is combined and then shared by mining. There are three main distribution methods of mining pools: "PPLNS (FPPS), PPS, PROP".

BTC
Shut Down
Issue amount 21000000
24 hours volume 972.49K
24 hours turnover $ 68.19B
Market Direction Short
Panic Index 78 (Extremely greedy)
Swap Rate 4.94%
Market Value Proportion 51.42%
market value $ 6,741.88 x 100 million
24 hour increase -3.30%
Computing power 668.30 EH/s
daily output 0.00000077 BTC / T
Halving time

The public chain will have a halving cycle to maintain the value of the currency, and the market will rise sharply after halving in history.

Completed
Earnings volatility

The computing power of the entire network is due to the increase and decrease of mining machines, which affects the average distribution of revenue. If the computing power decreases, the average revenue will increase, and if the computing power increases, the average revenue decreases.

0%
LTC
Shut Down
Issue amount 84000000
24 hours volume 21.50M
24 hours turnover $ 2.04B
Market Direction Short
Swap Rate 28.92%
Market Value Proportion 0.26%
market value $ 28.78 x 100 million
24 hour increase -7.00%
Computing power 970.63 TH/s
daily output 0.00000348 LTC / M
Halving time

The public chain will have a halving cycle to maintain the value of the currency, and the market will rise sharply after halving in history.

No halving expected
Earnings volatility

The computing power of the entire network is due to the increase and decrease of mining machines, which affects the average distribution of revenue. If the computing power decreases, the average revenue will increase, and if the computing power increases, the average revenue decreases.

0%
BCH
Shut Down
Issue amount 21000000
24 hours volume 3.75M
24 hours turnover $ 1.88B
Market Direction Short
Swap Rate 19.06%
Market Value Proportion 0.39%
market value $ 36.83 x 100 million
24 hour increase -4.13%
Computing power 3.13 EH/s
daily output 0.00012667 BCH / T
Halving time

The public chain will have a halving cycle to maintain the value of the currency, and the market will rise sharply after halving in history.

Completed
Earnings volatility

The computing power of the entire network is due to the increase and decrease of mining machines, which affects the average distribution of revenue. If the computing power decreases, the average revenue will increase, and if the computing power increases, the average revenue decreases.

0%
FIL
Shut Down
Issue amount 2000000000
24 hours volume 134.20M
24 hours turnover $ 1.25B
Market Direction Short
Swap Rate 25.43%
Market Value Proportion 0.18%
market value $ 41.47 x 100 million
24 hour increase -6.82%
Computing power 22.63EiB
daily output 0.00441099 FIL / TiB
Halving time

The public chain will have a halving cycle to maintain the value of the currency, and the market will rise sharply after halving in history.

No halving expected
Earnings volatility

The computing power of the entire network is due to the increase and decrease of mining machines, which affects the average distribution of revenue. If the computing power decreases, the average revenue will increase, and if the computing power increases, the average revenue decreases.

0%
XCH
Shut Down
Issue amount 31234162
24 hours volume 619.57K
24 hours turnover $ 26.36M
Market Direction Short
Swap Rate 9.36%
Market Value Proportion 0.01%
market value $ 2.86 x 100 million
24 hour increase -2.71%
Computing power 14912.60839843 PiB
daily output 0.00017546 XCH / TiB
Halving time

The public chain will have a halving cycle to maintain the value of the currency, and the market will rise sharply after halving in history.

No halving expected
Earnings volatility

The computing power of the entire network is due to the increase and decrease of mining machines, which affects the average distribution of revenue. If the computing power decreases, the average revenue will increase, and if the computing power increases, the average revenue decreases.

0%
ETC
Shut Down
Issue amount 210700000
24 hours volume 31.82M
24 hours turnover $ 799.17M
Market Direction Short
Swap Rate 23.14%
Market Value Proportion 0.33%
market value $ 23.19 x 100 million
24 hour increase -6.52%
Computing power 171.42 TH/s
daily output 0.00007344 ETC / M
Halving time

The public chain will have a halving cycle to maintain the value of the currency, and the market will rise sharply after halving in history.

No halving expected
Earnings volatility

The computing power of the entire network is due to the increase and decrease of mining machines, which affects the average distribution of revenue. If the computing power decreases, the average revenue will increase, and if the computing power increases, the average revenue decreases.

0%
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