On October 29, the third phase of the high-performance public chain Conflux mainnet, Tethys, was officially released. Conflux focuses on solving the scalability, extensibility, and security of the public chain, and has received widespread attention and recognition from the industry. The launch of the third phase of the mainnet means the official launch of public mining.
F2Pool has launched the Conflux mining pool, providing a convenient platform for miners to participate in maintaining the security of the Conflux network. F2Pool Conflux mining pool adopts the PPS settlement model to guarantee income and allow miners to enjoy worry-free mining. Participate in Conflux mining and enjoy exclusive benefits from F2Pool! From November 5 to November 30, the top 50 miners in the average daily computing power of F2Pool CFX accounts can enjoy a 30% discount on CFX mining fees in the next month. Let's take a look at the characteristics of Conflux and how to participate from the perspective of mining. Conflux is a next-generation high-performance public chain that supports highly scalable cryptocurrencies and smart contracts. It uses a unique scalable Tree-Graph consensus algorithm to significantly increase the throughput of PoW consensus blockchains while ensuring decentralization and security, and builds a high-performance platform for the development of DApps, Web 3.0 and open finance. The network has been tested with 20,000 nodes and can achieve a throughput of 3,000 to 6,000. Conflux was released in 2018, launched its testnet in 2019, and started a phased mainnet launch plan in 2020. Pontus and Oceanus were launched in the second and third quarters of this year, respectively. During this period, the mainnet ecosystem has been continuously expanded in the fields of DeFi and PoW mining, preparing for the release of Tethys in the third phase. The Conflux project ecosystem focuses on the development of a series of DeFi projects based on DEX, and has established the TreeGraph Research Institute to explore and develop public chain technology. Most of the core technical team members of Conflux come from Tsinghua University's Yao Class, with backgrounds in world-renowned computer science and companies. The project has been favored by traditional and blockchain institutions, with investors including Sequoia Capital, Shunwei Capital, MetaStable, Fundamental Labs, IOSG Venture, etc. Conflux has no public fundraising. The genesis block will contain 5 billion CFX, which will be unlocked linearly later. After the mainnet is launched, in addition to the 1:1 exchange of the pre-launch community token FC, another important way to obtain CFX is to participate in PoW mining. How to participate in Conflux mining? Previously, in the second phase of the network, Conflux organized 14 test mining activities, and more than 5,000 miners participated in the operation test of the Conflux network. During the test mining activities, the number of network nodes reached 4,800. In the third phase, the Conflux mainnet mining algorithm has been open sourced. With the official launch of the Conflux mainnet, public mining has begun. Conflux uses the Octopus mining algorithm, and miners can use graphics cards for mining. The current mining software mainly supports NVIDIA graphics cards, and the current graphics memory requirement is higher than 4G. Conflux's graphics memory will increase linearly at a rate of 1 to 1.5G per year, and miners can choose the corresponding mining equipment accordingly. Conflux's basic block reward is 7CFX, which will remain unchanged for the first four years. It will then decrease at a rate of 0.958 per quarter until the block reward remains at 1.75CFX. At this rate, Conflux mining rewards will be halved twice, and the block reward will stabilize at 1.75CFX in 2032. Miners can refer to the following table for an overview of Conflux’s basic information and mining configuration requirements. | Basic Information | | Official Website | https://confluxnetwork.org/ | | Block Explorer | https://www.confluxscan.io/ | | Total Tokens | 5 billion CFX + mining rewards | | Consensus Algorithm | Tree-Graph | | Mining Algorithm | Octopus | | Block time | 0.5 seconds | current
Block Rewards | 7 CFX | | Exchanges | https://moondex.io/ | | Mining Information | | Device Type | Graphics card mining machine | | Mining address | stratum+tcp://cfx.f2pool.com:6800 | Fishpond
QQ chat group | 11269747 05 | | Mining Tutorial | Click "Read original text" at the end of the article |
What are the characteristics of Conflux mining? Let us take a closer look at the characteristics of Conflux’s network and its impact on mining. 1. More efficient mining. Different from the longest chain principle adopted by Bitcoin and Ethereum, Conflux adopts a tree graph algorithm based on the DAG structure, allowing parallel blocks to be recorded in the ledger, and then determining the order of a main chain through the GHOST rule. In this way, Conflux allows all mined blocks to be used to maintain network security, and there are no orphan blocks or uncle blocks in the network, thereby making more efficient use of mining resources. The tree graph structure of the Conflux blockchain The Conflux mainnet maintains a fixed speed of 2 blocks per second, and its transaction throughput has been significantly improved compared to PoW networks such as Bitcoin and Ethereum. While solving the throughput problem in the consensus mechanism, the faster block speed also allows miners to obtain more block opportunities per unit time. Conflux generates about 172,800 blocks per day, and the daily output in the first four years was 1,209,600 CFX. With the official launch of the mainnet, the Conflux ecosystem will expand further, which will also promote the continued and stable participation of network mining in the long run. F2Pool has prepared mining pool services for the majority of miners. Let us work together to maintain the underlying security of the network and witness the growth of the Conflux ecosystem! |
