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After months of development and testing, BTC Mining Pool (address: pool.btc.com) is officially launched. In order to further eliminate the barriers to entry for Bitcoin mining and promote the decentralization of the mining industry, BTC Mining Pool is committed to creating new technical standards for the mining pool industry, and together with other mining pools, jointly improve the performance, security and service level of the global mining pool industry.
Technical
1. Open source code
The BTC mining pool code has been open sourced, and anyone can visit Github to view the BTC mining pool backend code. The BTC mining pool program has passed the simulated stress test and can withstand 180,000 mining machines connected at the same time and run stably for a long time. Based on the 4.73T of the Antminer S7, 180,000 machines are equivalent to more than 50% of the computing power of the entire network (based on the data at the time of publication, the computing power of the entire network is about 1600P); based on the 14T of the Antminer S9, 180,000 machines have exceeded the current computing power of the entire network. As a "supporting facility", this simulator program has also been released on Github.
2. Multi-node deployment <br/>Taking into account the interoperability of the global network and the special situation of the domestic network, the BTC mining pool servers are deployed in major Bitcoin "production areas" around the world. Mining farms can choose to mine in the nearest area to ensure the stability of network connection. Different from the regional connection method of traditional mining pools, the partitioned deployment of BTC mining pools is more similar to the server concept of online games - a miner name is bound to a region, and miners with the same name in different regions are actually different miners. This setting reduces the complexity of the mining pool data structure and improves efficiency and stability.
3. High-speed communication network <br/>To reduce the orphan block rate, BTC mining pool has deployed nearly 20 fiber high-speed broadcast network nodes around the world. With the help of fiber high-speed broadcast, BTC mining pool can monitor other mining pools and reduce the delay of block reporting data. In order to reduce the overall orphan block rate in the industry, BTC mining pool developed fiber's docker and open sourced it on github, making it easier for other mining pools to deploy fiber nodes.
4. Transparent Proxy <br/>In addition to the simulator, the program released at the same time also includes the transparent proxy BTCAgent, a stratum proxy program designed for large mining farms. This program optimizes the stratum protocol, greatly reduces the data volume, and is deployed in the mining farm. It will greatly improve the communication efficiency between the mining farm and the mining pool, and play a role in saving bandwidth, stabilizing connections, and data monitoring. The BTC.com team has been serving the Bitcoin mining machine and mining industry for a long time. Knowing that the network environment of large mining farms is poor, they chose to use the proxy program as a standard for mining pool services to solve the actual problems of mining farms. According to actual calculations, after deploying a transparent proxy, 10,000 mining machines only need 1Mbps bandwidth for uploading, consuming only 10% of the direct connection traffic; downloading only occupies 1/2000 of the direct connection traffic - no matter how many mining machines are connected, only 5 mining machines consume traffic - today when downlink traffic has become a performance bottleneck for mining farms, this function has special significance. In addition, after being deployed in a mining farm, ordinary mining farm agents usually display the computing power of all mining machines as one mining machine, and the data of a single mining machine cannot be seen on the mining pool webpage; while the user experience of transparent agents is exactly the same as that of mining machines directly connected to the mining pool, and mining farm managers can perform management tasks such as grouping and moving mining machines as usual on the mining pool webpage.
5. Security Assurance <br/>The Bitcoin mining industry involves fund custody and payment, so security is of paramount importance. The BTC mining pool database is separated into read and write, and the servers of each business line are isolated. The core business servers are all operated in the local area network, and the main computing power is operated on an independent server. The website has been connected to the Cloudflare service, which can well resist common attacks such as Ddos, ensuring that user income and computing power will not be lost under any circumstances.
In addition to the features and functions that have been launched above, some technical upgrades that can be called "black technology" are in preparation. Please stay tuned for subsequent news reports.
Service <br/>As an emerging industry, the current mainstream mining pools generally have only 2-3 years of operation history, and the overall service awareness of the industry is still in its infancy. The BTC.com team believes that this situation needs to be improved urgently. To this end, the BTC mining pool has made the following improvements:
The BTC mining pool is the first mining pool with real-time data. The data that miners see is the data of the current second (without considering the Internet transmission delay), and there is no need to endure the waiting time before the computing power goes online.
BTC Mining Pool is the first mining pool to launch both the App and the Web. Since the development of the mining pool front-end program started, the BTC.com team has decided to make a "full-featured" mining pool App. The mobile websites and Apps of various mining pools on the market are often only read-only, that is, they can only view the mining pool and mining machine data, and cannot perform editing operations such as addition, deletion, and modification. The full-featured App can handle everything from registration, login, creation to mining machine management and group management. On mobile devices, BTC Mining Pool will also support SMS alarms, App push and other special features in the future, which are also not currently available in the industry.
BTC Mining Pool is the first mining pool to have telephone customer service support in the early stage of its launch. At present, the customer service team of BTC Mining Pool is in place, and both 400 telephone and QQ group have provided services (customer service telephone 400-890-8855, QQ group 561862396). BTC Mining Pool customer service and operation personnel have been working in the cryptocurrency industry for a long time, and have also received professional training on solving common problems of Bitcoin mining pools.
BTC Mining Pool is the first mining pool with a multinational support team. The work orders and telephone customer service of BTC Mining Pool both support English users. After BTC.com acquired the Blocktrail team, it can handle the problems of foreign users in a timely manner and has a corresponding influence in the English community and Bitcoin developer group. In addition, most of the technical supporting facilities mentioned above are also industries.
In addition to the above services, the VIP service of the BTC mining pool has been launched simultaneously with the website. Users with high computing power can obtain exclusive servers + private IPs to avoid DDoS interference. At the same time, the mining pool team will conduct one-on-one diagnosis of problems in the mining farms of major customers and propose specific improvement plans (before the official launch, the mining pool team has solved long-standing problems for the mining farms that cooperated with the test, directly increasing the income by more than 1.5%). Users with high computing power can contact the major customer specialists to consult specific policies.
BTC.com already has many supporting products that are far ahead of other mining pools. For example, the Bitcoin data infrastructure - BTC.com block browser has always had a good reputation in the industry. The BTC wallet Bitcoin wallet has also been remade recently and launched in the US app store (due to regulatory reasons, it will be released in China through other channels). The one-stop service from mining, receiving payments to checking accounts can be completed in BTC.com. The various Bitcoin industry data statistics, mining calculators, recommended handling fees and other peripheral functions provided by the BTC.com main site are intimate assistants for miners to invest and manage their finances.
In terms of developer support, the mining pool API has been developed and the documentation will be released soon, at which time the mining pool's functional data will be available for use.
Offers and Promotions
At the beginning of the launch of BTC mining pool, in order to attract more miners to participate and quickly promote the concept of BTC mining pool to the mining pool industry, the BTC.com team launched a series of promotion policies, including:
Before December 31, 2016, users who mine in the BTC mining pool will receive a full reduction in the handling fee (the original handling fee is 1.5%).
Before December 31, 2016, users who mine in the BTC mining pool will receive an additional 1% income subsidy after 30 days of continuous uninterrupted mining (the standard for "continuous uninterrupted" is that the daily average computing power fluctuation must not be less than 50% of the previous highest day). Note: This subsidy comes from BTC.com's operating funds.
From now on, BTC mining pool can conduct one-on-one network status diagnosis for large computing power mining farms, helping large mining farms solve network anomalies (the standard of "large computing power" has no lower limit for the time being, and is subject to the workload of the BTC mining pool team).
Team
BTC.com team members are all from domestic first-tier Internet companies. In recent years, they have continued to serve the Bitcoin mining machine and mining industry, and have many years of experience in system design, development and maintenance, and operation management. Team leader Pan Zhibiao has worked for Baidu, Dangdang and other companies. He came into contact with Bitcoin in 2011 and started to devote himself to the Bitcoin industry in 2013. He organized the design and development of Hashratio Galaxy Dragonfly Miner, and then started a business to establish Tangchi. He is currently working at Bitmain and has established the BTC.com team.
After the establishment of the BTC.com team, starting from the industry infrastructure such as block browsers, it is committed to establishing new standards in various segments. The BTC.com brand can be seen in services such as wallets, mining pools, market conditions, and information. With the growth of the BTC.com team and brand, it is foreseeable that it will bring more surprises to Bitcoin users in the future. |
