Mainstream mining coins are halved one after another. How does Ant Pool guarantee the income of miners? ——《Mining Coin Network Celebrity Awards》

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First, please give a brief introduction.

Tian Xin

Thank you very much for the invitation. Hello everyone, I am Tian Xin, co-founder of Ant Pool. I founded Ant Pool with Xu Lingchao in 2014. Ant Pool is the second mining pool in China. It mainly serves the mining field of the "mining circle" and provides mining services to miners. It has been seven years since then, and it is also the seventh year since I joined the blockchain industry. Time flies. In a blink of an eye, I went from 900 RMB in 2014 to 70,000+ RMB now. Many old people get off the bus, but many new people get on the bus. Let's explore the future of blockchain together.

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Thank you all the guests. Let’s get straight to the point. It is said that this year is a big year for PoW mining coins. We know that according to the market value, mining coins are divided into large mining coins (BTC, BCH, BSV, ETC, etc.) and small mining coins (CKB, KDA, AXE, IMG, MOG, etc.). I would like to ask Mr. Tian.

As the leading mining pool supporting PoW mining coins, AntPool should focus its resource allocation on large mining coins. Faced with the situation that many large mining coins have been halved this year, what strategic deployments has AntPool made to ensure its own and miners' profits?

Tian Xin

Large mining coins generally have certain advantages. Their user groups and mining income are generally relatively stable. Even if there is a big market, there will generally not be much turbulence. For example, the mainstream large mining coins are: BTC, ETH, BCH, etc. Antpool now supports ten large mining coins and 12 small mining coins, a total of 22 mining coins, providing miners with a diverse mining experience. From 2014 to now, we have provided mainstream currency mining for seven years, and we have put a lot of effort into large mining coins. From 2018 to 2019, we experienced the moment when S9 had to shut down, so we did research on mainstream coins with commonalities. For example, BTC, BCH, etc. are all SHA256 algorithms. Based on the commonality of the SHA256 algorithm, we have developed a "machine gun pool" that has a certain impact on traditional mining pools.

Many of you may have heard of the term "machine gun pool". When you hear the word "machine gun", you can think of the Gatling gun with blue light. So what exactly is a machine gun pool? Today I will explain to you in detail what a machine gun pool is.

Let me talk about the concept first:

The machine gun pool refers to a strategy that improves user benefits by intelligently dispatching computing power to the best-yielding currency for different currencies with the same algorithm. When users use the machine gun pool function, the backend system will intelligently match computing power to different currencies based on real-time benefits to maximize benefits. Currently, only the SHA256 algorithm is supported, such as the conversion between BTC/BCH/BSV currencies.

This is the concept of the machine gun pool. To put it simply, your S9 or S17 could only mine one of BTC, BCH, or BSV before. Now, if you use the machine gun pool, you can mine whichever of these three currencies has the highest yield, dynamically.

At this time, Xiao Ming will say, I can mine all three without using a machine gun pool. I just need to set up three accounts to mine three different coins. Yes, you can do this, but your income is not maximized. It is very likely that after you mine, you will find that you can't earn as much as mining all BTC.

Okay, now I want to talk about what user pain points the machine gun pool solves.

1. For example, if you want to switch from BTC to BCH, you need to change the mining address of the mining machine for BTC to the mining address of BCH before you can mine BCH. After going through the step of changing the mining address, your mining machine will have to restart once. At this time, your mining time will be shortened, and the restart of your mining machine may cause damage to the computing board. Old miners know that if the mining machine is running, try not to touch it, so that it will continue to run and be very stable. If you always operate it, restart, disconnect from the network, power off, etc., if it is an old mining machine, it is easier to damage the machine. So you can solve this problem by using the machine gun pool. We have solved the problem of "which coin to mine" from the mining pool end. This problem is solved lightly from the mining pool end. You don't have to restart, don't worry about the mining machine being damaged, the mining pool end directly helps you switch.

Focus: Reduce damage to mining machines and reduce mining address switching.

2. What do miners care about most? The most important point is naturally the income. For example, BCH and BSV have both soared several times recently. There is no doubt that after the increase, the income from mining BCH and BSV is higher than BTC, so what should you do? Do you mine or not? If you mine, you have to configure the mining address. After mining BCH and BSV for a day, the income has dropped. You have to configure the mining address and switch back to BTC. Can you step on the high point of mining coins every time? Your mining machine will not be damaged. More importantly, is your calculation accurate for each wave? Will it happen that when you switch to the past, the increase time has passed and it has begun to fall, but you are still mining a falling coin, and finally find that you lose money for a day, so you might as well just mine BTC. So the machine gun pool helps you solve this problem. Ant Mining Pool Machine Gun Pool adopts intelligent scheduling, which determines the mining income every few minutes, and directly mines the most profitable chain. In the end, you can settle with BTC or the original currency. The steps of manual calculation are omitted, which is neither accurate nor real-time. AntPool's intelligent scheduling system uses the average index of the top ten exchanges in the entire network as a reference, and calculates the mining income of several currencies in just a few minutes to maximize your profits.

Key point: Maximize profits and don’t miss any wave of dividends.

3. What everyone is most worried about is that the price of the currency soars today and the mining income is high, but it plummets tomorrow. Will I lose money on mining, which is not as good as the income from BTC mining? Ant Pool has also thought about this for everyone, so we will launch a guaranteed bottom event in early March. Users who newly join the Ant Pool will enjoy the bottom line of income, that is, from the start of the event, we will guarantee that your income in the machine gun pool will not be lower than that of mining BTC coins only for 30 days. If the average is lower than the BTC mining income, then we will compensate the difference tenfold, and we will exempt you from the mining fee for one year. The event will last until the halving to protect the income of miners. Using the Ant Pool Machine Gun Pool can ensure your income and not miss every wave of dividends. Choose www.antpool.com for mining.