What does the term “pool of mines” mean (alias of mining pool)?
The term \”pool of mines\” refers to the use of different currencies as rewards i
The term “pool of mines” refers to the use of different currencies as rewards in the mining process. For example, let’s take BTC as an example: when the price of a Bitcoin exceeds $20,000, miners can choose to buy more BTC; when the price is below $5, users can start earning fees; if the price of Bitcoin falls below $1 (about 200 RMB), mining can continue until it reaches a 300% return rate.
For ordinary investors, “a simple operation can convert all the money into USDT” is a very simple strategy, but because cryptocurrencies are anonymous, many people will not use their own encrypted assets to buy other currencies because without legal recourse, it is impossible to have such funds to invest.
Alias of Mining Pool
Mining Pool is a blockchain industry project founded by Wu Jihan, co-founder of CoinPrint, in 2018. It claims to be a “computing power sharing platform” that earns Bitcoin income through mining and network maintenance. However, the mining pool has been eliminated by the market due to factors such as its business scale and profitability.
Currently, due to the high price of Bitcoin in China, many investors have turned their attention to the regulatory development direction of Bitcoin trading platforms. However, with the development of the industry, more and more funds are beginning to focus on digital currency trading services and related products and services. (BlockBeats)
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