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Why Mine After Mainnet Launch (Mining Requires Public IP)

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Why Mine After Mainnet Launch As the price of Bitcoin continues to break histori

Why Mine After Mainnet Launch (Mining Requires Public IP)

Why Mine After Mainnet Launch As the price of Bitcoin continues to break historical highs in the past few months, the block rewards of the Ethereum network are gradually decreasing. But is this just the beginning for miners? Why mine after the mainnet launch?

1. Why lock BTC and other tokens into the blockchain system for mining? 2. How to implement ETH2.0 and PoS consensus mechanism? 3. How to avoid issues with poorly designed ASIC mining chips? 4. Currently, most mainstream cryptocurrency exchanges in the market support the PoW (Proof of Work) mining protocol.

5. The current mainstream digital asset mining machines are upgraded and improved based on POC, which can optimize CPU performance. 6. How to lower the mining threshold and improve computational efficiency? Determine the quantity of Bitcoin mined through calculation of yield. 7. How long does it take to mine and wait in order to achieve profitability?

Mining Requires Public IP

According to official sources, currently mining requires the condition that the public IP cannot be redirected elsewhere. In China, many project teams have set the launch of the mainnet in October.

On the other hand, there are few blockchain companies in foreign countries. For example, mainstream coins such as EOS and Bitcoin are built on Ethereum or EOS as the underlying network. Because these coins are not issued on public chains, they can only use public network protocols (such as ETH). Additionally, there is a company in China called IPFS that is also attempting to do this. However, this method is still unreliable, as everyone knows that Ethereum is one of the world’s largest smart contract exchanges.

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