Interview with zhou zhenbao, CEO of ant mining pool: the gold rush era may be coming to an end, and the alchemy era is coming

At 14:00 on April 21, bit fawn and eight mining brands jointly held the "first 421 water festival" live broadcast conference. A number of well-known people in the industry for the flood period, half of the market and the future development of the industry expressed their views. & have spent

Photo: speech by zhou zhenbao, CEO of ant mine, on "the first 421 water festival"

Miners are on the verge of their annual long-awaited flood. The flood season was a carnival for the miners. According to pulse, electricity costs can be cut by nearly 40% for mines in some water-rich areas, and some miners who shut down because of low prices and high electricity bills may have a chance of life again. Unlike in previous years, this year's bumper harvest coincided with the halving of the reward for a bitcoin offering, which seemed a mixed blessing for the miners. As a mining ring of the pool is also facing a lot of pressure.

This year, the pattern of the mining pool has quietly changed, trading platforms have layout of the pool ecology, and after the halved currency price situation no one can accurately predict, the situation of miners is no doubt not directly related to the life and death of the mining pool, how to deal with the halved market? What have the miners and pools been prepared for during the flood season?

To this end, beat BlockBeats interviewed zhou zhenbao, CEO of ant mining pool, and asked him to share his views on the layout of ant mining pool and the halve price during the flood period.

律动BlockBeats：市场上矿池竞争激烈，交各大交易平台都开始布局矿业生态推出矿池，对此蚂蚁矿池有什么看法？对于矿池的甄选有何见解？

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周桢堡：交易平台推出矿池具备以下优势：

1. & have spent The trading platform itself generates a large number of transactions on the blockchain, which need to be packaged into blocks, which is the first advantage of the trading platform being a good fit for the mining pool.
2. & have spent Many users of the mining pool are also users of the trading platform, which can bring a large number of user resources to the trading platform. This is the second advantage of the trading platform.
3. & have spent The trading platform itself holds a large amount of currency, and Staking is a good fit with the trading platform. It is a natural thing for the trading platform to launch POS mining pool.

For us, ore pool is a recent distance COINS network application service, we in the emerging mine pool of all sizes, all remain objective, also hope that every mineral pool can shoulder the responsibility of the maintenance COINS network, through the reasonable, benign competition between GeKuang pool, makes the entire network is decentralized distribution, make digital currency network more secure.

However, we need to remind that the mining pool business has certain risks, such as the lucky problem, security problems, etc., which require a professional technical team to carry out continuous maintenance and optimization.

Selection criteria for pit:

First of all, users need to consider the settlement method and rate provided by the mining pool, under the same conditions, choose the most preferential mining pool.

Secondly, due to the particularity of mining, the user is not very clear about the calculation power of the mining machine. We've also received some feedback from users,& NBSP; There are some mining pools that will do harm to the interests of users. Therefore, it is necessary to choose an honest and well-known mining pool with transparent and open earnings, so that the customers can feel at ease in mining.

In addition, if the mining pool wants to maintain market competitiveness, it must guarantee the mining stability. Therefore, the mining pool must have professional technical ability to deploy multiple mining nodes to ensure the stable operation of mining services. Mine owners can also choose nodes close to them to reduce losses caused by network fluctuations.

Of course, the most important thing is to increase the revenue of the miners, and the ant pool will continue to optimize mining services and products to achieve greater revenue for users.

In general, we suggest users from the rate, transparency, service, stability, revenue growth these five aspects, comprehensive consideration. Choose the best pool.

BlockBeats: & NBSP; Recently, the calculation force has been changing frequently. Before that, there was BitcoinSV and BCH, the block time was very unstable after being halved. Why did this happen? Is it something to do with the machine gun pool? Is there a machine gun pool in ant pool? Can you introduce the relevant business?

Why is the block unstable?

1. It is determined by the characteristics of the network. Because of the randomness of the mining algorithm, the interval of each block is not stable at 10 minutes. Even if BCH/BitcoinSV has a DAA difficulty adjustment mechanism, that is, every 144 blocks will adjust the difficulty according to the current calculation force to ensure that a block can be produced in 10 minutes in probability. But this is only a probability of 10 minutes, in reality there may be errors.

2. & have spent The machine gun pool made it easier for the miners to extract their forces, allowing them to mine the most profitable COINS without being aware of them. But it could also quickly reduce the computational power in the BCH/BitcoinSV network. Similarly, if a certain currency can bring more benefits to the miners, the machine gun pool will soon cut through the calculation and burst the block as soon as possible. In addition, in order to prevent the centralization of BCH/BitcoinSV's whole net computing power, the machine gun pool of ant mine will strictly limit the calculating power of machine gun pool in a certain currency.

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Machine gun pool project introduction:

Machine gun pool is a new project launched by ant mine pool in February this year. It is a strategy of using different currencies of the same algorithm to achieve the optimal income by intelligent scheduling. By using the machine gun pool function, the background system will intelligently match the computation power to different currencies according to the real-time revenue to maximize the revenue.

For example, your mining equipment can only dig one of BTC, BCH and BitcoinSV, but now with the machine gun pool, you can intelligently judge which of the three currencies is more profitable to dig which, to achieve dynamic mining.

Advantages of machine gun pool:

1. & have spent Reduce the damage of mining machine, reduce the cost of switching mining address

For example, if you want to switch from BTC to BCH, you need to change the mining address of BTC above the miner to the mining address of BCH before you can dig BCH. After going through the process of changing the location of the mine, your machine has to be restarted. At this time, your mining time will be shortened, and restarting your miner may cause damage to the power plate. If the machine gun pool is used, we can help users solve the above problems from the end of the mining pool. Users do not need to restart the mining machine, which can reduce the damage of the mining machine and the cost consumption caused by the restart.

2. & have spent Maximize the return, not miss each wave of dividends

Mining revenue is the main concern of miners. For example, BCH and BitcoinSV both saw price increases in the recent period. The machine gun pool can help miners solve this problem by taking advantage of every opportunity to raise the price of a dollar. The machine gun pool of ant mine USES intelligent dispatching mode, the system judges a mining profit in a few seconds, and lets the miner go directly to the chain with the highest profit. Finally, when the settlement can choose BTC settlement, also support the original currency settlement. This method omits the steps of manual calculation, which is neither accurate nor real-time. The intelligent dispatching system of ant pool adopts the average index of the top 10 trading platforms as the reference, and will calculate the mining income of several currencies in a few seconds, so as to maximize the user's income.

律动BlockBeats： 比特币减半即将到来，目前币价不理想都说减半行情已经提前消耗未来或会淘汰大批量矿工，矿工减少必然对矿池产生影响，对此蚁池有什么准备吗？有没有对矿工的建议？

This is the third time that bitcoin has been halved and the block reward has been reduced from the original 50 (BTC) to 6.25 (BTC). We thinkThe gold rush may be coming to an end, and the age of alchemy is at hand.

In general, the whole industry is becoming more and more mature, and it can be seen that more and more capital/investors/entrepreneurs from other industries have also come to the blockchain industry. Before, in the wild ages, the man of courage and insight, by virtue of his extraordinary courage and vision, survived and prospered. Today, we can see that the large mining enterprises have become even larger. Although they are still far from monopoly, the clustering effect has slowly developed.

The halving in May may be an opportunity for the industry to usher in a new shakeoutThe high-cost miners' unions quit, leaving behind miners who are more professional, more focused or better resourced. The concentration trend of the industry is strengthened and the mining industry will develop further in the direction of scale.

For the pool,& NBSP; Protect users in half quarter profit is a top priority, so the ant mine pool promoted on April 5th machine gun pool income guaranteed plan, if the user during the event, the total revenue less than under the condition of same work force and the rate in the main area dig BTC earnings, machine guns pool users will receive mine pool 10 times earnings differential compensation as well as the year zero rates for additional discount, to halve the miners escort earnings season.

In addition, ant pool has launched a S17 / S17Pro/T17 overfrequency firmware, according to the customer's actual current net profit can be increased by more than 10%. The firmware also supports the functions of overfrequency and frequency reduction, and also provides users with more mining options in the face of currency price fluctuations.

律动BlockBeats：丰水期马上来了，目前来看情况要比去年好很多，对于丰水期矿池有哪些布局和安排？

Jb: there will be a lot of layout in the operation of ant mine before and after the flood period, such as some gift package activities during the flood period, offline parties, online AMA, etc., including the machine gun pool business which has been launched now. The advantages of the machine - gun pool and the bottom - margin activities have just been mentioned. Against the plentiful activity I'd like to introduce the reward, the miners to help achieve higher yields, miners ants promoted mineral pool on April 15, dig at day activities, wet seasons, the group can also be a single user can invite others to participate in this activity, according to the user to calculate force increase during the activities can get different surprise gift bag, mining and calculate the force rose more than 1 p can be 100% winners, group mining rate 0 60 days, the highest award glory TOP20 miners also may obtain additional package, the highest reward porsche huawei mobile phones. Hopefully our series of activities during the wet season will help miners earn more. & have spent & have spent

BlockBeats: the pool sector seems to have been dominated by the Chinese, is it due to massive amounts of computing power or is it at home? Why haven't the overseas pools been able to develop?
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Mr. Zhou: the first few pools are all from China. I think there are several reasons.

First of all, China has the best industrial chain in the world, and some of the biggest miners in the world are in China. As a result, Chinese miners have easier access to good machines.

Secondly, in many parts of China, there is very cheap electricity, such as sichuan, xinjiang and so on. Although cheap electricity is available elsewhere, such as in central Asia, China is still one of the best places to mine because of its relatively unstable politics.

Finally, the technology /UI/ service is also important for the pool, and the product is continually iteratively updated to improve the user experience. The pool is a very international project & NBSP; Miners choose the pool not because of their nationality, but because of the comprehensive strength of the pool itself, such as service stability, operation intelligence, profitability and other factors. In terms of user experience, these mines in China are now ahead of the game.

The whole mining industry is still in a competitive stage, the temporary lead does not represent the final lead. Offshore pools are also likely to develop.

He who laughs last laughs best.

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