Bitcoin mining what is the point
Bitcoin Pooled mining BPM , also known as "slush's system", due to its first use on a pool called "slush's pool', uses a system where older shares from the beginning of a block round are given less weight than more recent shares.
This reduces the ability to cheat the mining pool system by switching pools during a round, to maximise profit. PPLNS method is similar to Proportional , but the miner's reward is calculated on a basis of N last shares, instead of all shares for the last round. Therefore, if the round was short enough all miners get more profit, and vice versa. GM was invented by Meni Rosenfeld. Multipools switch between different altcoins and constantly calculate which coin is at that moment the most profitable to mine.
Two key factors are involved in the algorithm that calculates profitability, the block time and the price on the exchanges. To avoid the need for many different wallets for all possible minable coins, multipools may automatically exchange the mined coin to a coin that is accepted in the mainstream for example bitcoin.
This method also increases demand on the intended coin, which has the side effect of increasing or stabilizing the value of the intended coin. From Wikipedia, the free encyclopedia.
This article needs additional citations for verification. Please help improve this article by adding citations to reliable sources. Unsourced material may be challenged and removed. June Learn how and when to remove this template message. Retrieved 13 April Archived from the original on 21 March Archived PDF from the original on Archived from the original on 1 December Retrieved 7 January Archived from the original on Business and economics portal Free software portal Numismatics portal.
Digital currency Cryptocurrency Virtual currency. Value-based healthcare, also known as value-based care, is a payment model that rewards healthcare providers for providing Health informatics is the practice of acquiring, studying and managing health data and applying medical concepts in conjunction A clinical trial, also known as a clinical research study, is a protocol to evaluate the effects and efficacy of experimental Crisis communication is a method of corresponding with people and organizations during a disruptive event to provide them with Zerto is a storage software vendor that specializes in enterprise-class business continuity and disaster recovery in virtual and A crisis management plan CMP is a document that outlines the processes an organization will use to respond to a critical Red Hat OpenStack Platform is a commercially supported distribution of open source OpenStack software designed to build and Direct-attached storage DAS is computer storage that is connected to one computer and not accessible to other computers.
A hybrid hard disk drive is an electromechanical spinning hard disk that contains some amount of NAND Flash memory. Home Topics Security Malware Bitcoin mining. This was last updated in October Related Terms cross-site scripting XSS Cross-site scripting XSS is a type of injection security attack in which an attacker injects data, such as a malicious script, Add My Comment Register. Login Forgot your password? Submit your e-mail address below.
We'll send you an email containing your password. Your password has been sent to: Please create a username to comment. Search Compliance smart contract A smart contract, also known as a cryptocontract, is a computer program that directly controls the transfer of digital currencies Search Security evil maid attack An evil maid attack is a security exploit that targets a computing device that has been shut down and left unattended.
Search Health IT value-based healthcare Value-based healthcare, also known as value-based care, is a payment model that rewards healthcare providers for providing Search Disaster Recovery crisis communication Crisis communication is a method of corresponding with people and organizations during a disruptive event to provide them with Zerto Zerto is a storage software vendor that specializes in enterprise-class business continuity and disaster recovery in virtual and