This article has been published on Lukebitt, Lukebow's original link.
The well-known proverb: The early bird catches the worm ( at The Early Bird catches at The WORM ), I added a "just" the word changed to " The early bird gets only gets the worm ." To succeed, you must participate early and make efforts and preparations.
This saying is used in the currency circle. It is an absolute reason and has been fully demonstrated by facts.
The mystery person Nakamoto Nakamoto published a white paper “Bitcoin: A Point-to-Point Electronic Cash System” on October 31, 2008. On January 3, 2009, Nakamoto personally unearthed the first creation. In the block, 21 million bitcoins were set. The POW workload proves that the consensus algorithm is about one block every 10 minutes. The initial block is 50 bitcoins, and every 210,000 blocks are halved (theoretically 1458.3 is required). Days, which we often say, are halved every 4 years.)
Through mining, Bitcoin's distribution rewards and bookkeeping are tied together to ensure the long-term stable operation of the Bitcoin system. In order to obtain new bitcoin rewards (including transaction fees), the global miners started the myth of bitcoin mining. Bitcoin mining has gone through four stages: CPU mining, GPU mining, professional mine mining, and mining pools.
Initially, everyone used ordinary computer CPUs to mine. As the number of miners involved increased, the computing power increased, and each miner’s income began to decrease. So everyone heard the 10,000 bitcoins exchanged two pieces worth 25 US dollars. Pizza programmer Laszlo Hanyecz started the history of GPU mining in 2010. The GPU mining efficiency is 800 times higher than CPU.
In January 2013, Avalon of Pumpkin Patch delivered the world's first commercial Bitcoin ASIC mining machine, each with a computing power equivalent to hundreds of computers. Since then, the arms race of the ASIC professional mining machine has been started, and later there have been mineral mining tyrants such as the ants of the Bitcoin continent and the series of mines, creating the world's largest mining organization.
In 2014, some domestic pioneers built large-scale bitcoin mines in places with low electricity costs in Inner Mongolia, Sichuan, etc., and their earnings were said to reach several hundred thousand yuan a day.
In 2015, with China's fish ponds F2Pool, Antpool Antpool, ViaBTC, BTC.com, etc., only the addition of the mine pool began to gain a share in the skyrocketing competition.
The Hong Kong dollar giants Guo Hongcai, Li Xiaolai, and Zhao Dong, all of whom we are familiar with, have all participated in large-scale mining in the early days, hoarding a large amount of Bitcoin and realizing the freedom of wealth. If you only join Bitcoin mining now, not only the cost of the mining machine will be many times larger, the cost of electricity will be difficult to guarantee, but the global computing power will increase to what can be called astronomical figures. Even if the current price of Bitcoin is calculated, the cycle of return to this cycle will even exceed. One year, it is no longer possible to make a substantial increase in wealth by digging Bitcoin.
Bitcoin power data reference on April 19, 2018.
So is there any mining opportunity that can be involved early? I understand that the Ulord project, I think is very worthwhile to participate in, I will give you details.
1 What is the Ulord Project?
Ulord is a peer-to-peer value-passing public chain. By building a blockchain infrastructure and a digital resource distribution protocol, Ulord supports third-party developers building their own applications on top of their open source protocols. Perfectly combining the characteristics and advantages of traditional businesses, the real sense combines blockchain with commercial applications to form the ecology of blockchain technology and applications.
Ulord is a public chain, you can carry different applications through the side chain, you can also develop various Dapp on the Ulord public chain. Ulord focuses on the application of content copyright. Through Ulord's value chain network based on blockchain technology, the goal is to restructure the value distribution within the content distribution system through a decentralized approach, so that no matter what you create as content, With content users and value content dissemination, the greatest benefit can be obtained.
The Ulord project started from 2016 and the test chain is currently on the line. The main chain and version 1.0 of the Ulord platform will be launched in May 2018. The Ulord project will not be used for private placements and public offerings. How will the 1 billion pieces of ULD tokens issued by it be distributed?
Ulord Team and Early Investors: 20%, for all Ulord team members and early investor contributions. 10% of the pre-excavation is used for the R&D input of the previous project; the remaining 10% of the lock-in period is 48 months.
Community Developers: 10%
POW 35%, ie mining, motivates miners to provide more CPU power for accounting;
POC 25%, rewarded to the master node.
Community operation and product promotion: 10%.
How can we get these tokens? There are 5 ways to get:
CPU computing resources participate in accounting;
Server nodes participate in network infrastructure construction;
Community promotion and code sharing;
Publishing original internet content;
Spread valuable internet content.
Only the above five methods are available. The first three are to obtain ULD tokens at the “production” stage, and the latter two are to obtain ULD tokens at the “circulation” stage.
The realization of the blockchain consensus and the construction of a trustworthy society require extensive community participation. The distribution mechanism of Ulord tokens is only 20% of the tokens are held by the Ulord team and early investors, and the remaining 80% each. One person can try to obtain, especially the largest proportion of POW mining, using the CryptoNight mining algorithm, not only can resist ASIC professional mining machine, but also specifically designed more equitable algorithm to allow more people to participate in avoiding Like Bitcoin, only specialized ASIC mining machines can be used to mine and prevent the centralization of mining.
As an experienced and pursuing miner, I am naturally very optimistic about the benefits of Ulord's mining, specializing in research and preparation.
The ULD tokens of the POW mining method account for 35% of the total, with a total of 350 million pieces. The mining time is 2.5 minutes, and 576 blocks are produced each day. Each block corresponds to approximately 112 ULD tokens. About 200,000 blocks, then a total output of about 22.4 million tokens a year. The output of blocks and tokens is similar to bitcoin, which is also halved every 4 years.
The POC master node mining method can actually be understood as proof of POS equity. The tokens of its output account for 25% of the total, which amounts to 250 million pieces. The official design of the distribution method is increasing year by year because the total number of master nodes is 1. Ten thousand, there will be a certain authorization review on the quality of the master node and the identity of the owner of the master node in the initial period, so as to ensure healthy development, the number of master nodes will also gradually increase. In the first four years of the official plan, 80 million will be issued, 8.2 million in the first year, 16 million in the second year, 24 million in the third year, and 32 million in the fourth year.
2 How to participate in POW mining?
The specific details will be detailed after waiting for the main internet line in May 2018. But now that the open test network has been able to experience and be familiar with how to mine, the tokens excavated by the test network cannot be converted into official tokens. Both the full-node wallet and the light wallet can be used. The full-node wallet can be used directly to set mining using the full-node wallet.
Reference link: https://mp.weixin.qq.com/s/yK3V2tfQ9Qd7EHv4oHhvEQ
Below I introduce the use of light node wallet and installation of mining software, refer to the following steps:
- Download and install wallet:
The wallet download address is https://ulord.one/download.html, and the light wallet is downloaded. Currently, only the windows version is available (the MAC and mobile-end versions will be provided later).
Take the use of lightweight wallets as an example. After downloading the installation package, first create a wallet, enter a password that you don't want to remember, create a wallet address, make sure to back up your wallet, and save the word in your notebook. Safe opponent. (Note: The official said that the light wallet will be replaced by a mobile app when it is on the main line.)
- Install mining software:
In the official website download page to select the corresponding operating system version of the software (currently Windows, Linux and Mac versions), different versions of the operation is similar, is mainly to open the config.json file to modify the saved address after the coin is saved to modify the address of their wallet , which is the address when creating the wallet in the first step, modifying the number of threads according to the performance of your own computer. Then you can run the start file to start mining.
The participation of POC master nodes in mining can be understood as similar to EOS super nodes. There are two main points:
The pre-participation in the election of the main node requires authorization. Individuals need to read the Ulord white paper and understand the Ulord project, write the article and publish it in the Ulord Community Alliance of the brief book. After passing the review, they can qualify as the master node. Https://www.jianshu.com/c/a63d65402fd7
The condition of becoming a master node: 10,000 ULD tokens in Tuen Mun. The master node's hardware has no special requirements.
Are you GET to the broad prospects of the Ulord project? Did you GET to Ulord's mining profits? Did you GET to participate in Ulord mining? I am already in a state of excitement. I have become a member of the Ulord Shanghai Community Operations Team and will actively participate in the operation and promotion of the Ulord project.
How do you want to be an Ulord volunteer and want to participate in Ulord mining? Welcome to the Ulord community and grow up with Ulord.