Exclusive: OKEx mining pool machine smart pool has started internal testing and there are many follow-up actions

According to the "Risk Warning on Preventing Illegal Fund Raising in the Name of "Virtual Currency" and "Blockchain"" issued by the China Banking and Insurance Regulatory Commission and other five departments, please establish a correct investment concept. The content of this article does not endorse the promotion of any business or investment activities . Investors are requested to raise their awareness of risk prevention.

Wu said blockchain learned that OKEx mining pool is about to launch the machine gun pool, and some customers are currently in internal testing. According to BTC.com data, OKEx mining pool is currently ranked seventh in the world. Since the beginning of this year, the exchange mining pool has been rising rapidly. Binance has launched a new mining pool service, Huobi mining pool is vying for market share, and OKEx mining pool is taking steady steps. It is expected that with the launch of the machine gun pool, there will be more actions released in the future.

Unlike ordinary mining of only one currency, the machine gun pool will select the most profitable currency to mine among N currencies of the same algorithm based on difficulty and currency price. Before the Bitcoin fork, the machine gun pool was mainly for small currencies and did not enter the mainstream mining pool. Currently, the most mainstream machine gun pool converts between BTC, BCH and BSV. Currently, the machine gun pool of OKEx mining pool supports the SHA256 algorithm, which can realize the mutual conversion of BTC/BCH/BSV currencies, and the final mining income is settled in BTC.

Jiang Zhuoer's Litecoin Mining Pool was once one of the most famous and earliest machine gun pools. In an interview, Jiang Zhuoer said that the technical requirements of the machine gun pool are still relatively high. If the technology is not up to standard and some problems are not handled, it is easy to cause instability of the mining machine when cutting coins, such as disconnection, high rejection rate, etc. Therefore, do not blindly choose the machine gun pool mode. It may appear that there is an increase of 1% or 2% in revenue on the surface, but in fact it is not enough to offset the decline in computing power and the loss of increased rejection rate. One of the advantages of the OKEx mining pool is that it has an independent technical research and development team, providing customers with a 7*24-hour all-weather service team.

In addition to the traditional mining pool business, OKEx is also actively exploring the boundaries of the mining pool and working with exchanges to expand business lines in order to provide users with more diversified services. In terms of staking, the OKEx mining pool has completed its layout. At present, the OKEx mining pool is a super node for more than 20 well-known PoS projects and supports locked mining of 8 major currencies.

Recently, the OKEx trading platform took the lead in launching the Filecoin contract, becoming the world's first leading exchange to launch Filecoin. On July 21, OKEx officially announced that it will launch the FIL/USDT perpetual contract at 15:00 on July 22, with a leverage ratio of 0.01-10. The FIL/USDT index of OKEx will be designed based on Gate, Poloniex and OKEx, each with a weight of 33%. After the mainnet is launched, the FIL/USDT index will be gradually replaced by exchanges that have opened FIL spot trading and have good circulation.

Currently, Chinese miners and investors are chasing Filecoin. OKEx Mining Pool also stated that it is positioned as a global leading comprehensive mining pool. Innovation and business diversification have always been its core advantages. It has been actively exploring the boundaries and possibilities of the mining pool. As a popular project nowadays, Filecoin has a relatively wide range of users and actual landing potential, and will be a direction for future research and exploration.

It is reported that the future business expansion of OKEx mining pool includes the following aspects: providing cloud computing services to users; obtaining high-quality and cost-effective mining machines by connecting with global mining machine manufacturers; connecting with global high-quality, cheap and environmentally friendly electricity resources; combining with the OKEx maintenance center team to provide mining machine suppliers with point-to-point technology and after-sales services; through linkage with OKEx, providing a smoother mining/trading integrated experience; the zero deductible equity, hedging services, and one-click switching of settlement currencies provided will effectively reduce the mining risks of miners.

In the current mining pool landscape, the top four traditional POW mining pools are seeking financial transformation, while exchange mining pools are entering the upstream of the mining industry. As a veteran player in exchange mining pools, OKEx supports multiple PoW currencies such as BTC, BCH, BSV, ETH, ETC, LTC, DASH, DCR, ZEC, XRM, BTM, BTG, etc., and BEAM, GRIN, etc. will also be launched one after another. Future developments need to be continued.