Looking for breakthrough ideas for innovation challenges? Try Patsnap Eureka!

Mining method based on Ethereum ore pond

A task and network node technology, applied in the blockchain field, can solve problems such as the inability of ordinary users to mine blocks, and achieve the effects of reducing invalid submitted blocks, stabilizing income, and reducing risks

Inactive Publication Date: 2020-03-24
中外矿业有限公司
View PDF0 Cites 0 Cited by
  • Summary
  • Abstract
  • Description
  • Claims
  • Application Information

AI Technical Summary

Problems solved by technology

[0004] The purpose of the present invention is to overcome the deficiencies of the prior art, provide a mining method based on the Ethereum mining pool, improve the probability of miners, and realize data forwarding, task distribution and reward settlement for mining users, and propose a The new task allocation mechanism, the mining pool will allocate tasks of different difficulty according to the computing power of each miner, count the work and distribute the income; solve the problem that ordinary users cannot dig blocks, can connect multiple mining nodes, miners Invest in the mining pool, group mining to reduce risks, effectively reduce invalid submitted blocks, and obtain stable income

Method used

the structure of the environmentally friendly knitted fabric provided by the present invention; figure 2 Flow chart of the yarn wrapping machine for environmentally friendly knitted fabrics and storage devices; image 3 Is the parameter map of the yarn covering machine
View more

Image

Smart Image Click on the blue labels to locate them in the text.
Viewing Examples
Smart Image
  • Mining method based on Ethereum ore pond
  • Mining method based on Ethereum ore pond

Examples

Experimental program
Comparison scheme
Effect test

Embodiment 1

[0038] like figure 1, shown in 2, a mining method based on the Ethereum mining pool, including:

[0039] S1, initialize the configuration, enter the program startup initialization;

[0040] S2, request tasks from ETH network nodes;

[0041] S3, reply the task to the ETH network node, and verify the task; if the verification task fails, return to step S2 and continue to request the task from the ETH network node; if the verification task is successful, then jump into step S4; and, while jumping into step S4 , Encrypt the successful task and forward it to the mining terminal, and the mining software will start the hash collision, and then submit the task to the ETH network node;

[0042] S4, record the rewarded ETH blockchain and transfer to the ETH wallet.

[0043] In this embodiment, take Bitcoin as an example, such as the computing power of Bitcoin’s entire network is 1600p+, while the current state-of-the-art mining machine has a computing power of about 10 Ding, and the ...

the structure of the environmentally friendly knitted fabric provided by the present invention; figure 2 Flow chart of the yarn wrapping machine for environmentally friendly knitted fabrics and storage devices; image 3 Is the parameter map of the yarn covering machine
Login to View More

PUM

No PUM Login to View More

Abstract

The invention discloses a mining method based on an Ethereum ore pool, which comprises the following steps: S1, initializing configuration, and entering program starting initialization; S2, requestinga task from an ETH network node; S3, replying the task to the ETH network node, and verifying the task; if the task fails to be verified, returning to the step S2 to continue requesting the task fromthe ETH network node; and if the task is successfully verified, skipping to the step S4. According to the method, the probability of miners is improved, data forwarding, task allocation, reward settlement and the like are provided for mining users, a new task allocation mechanism is provided, and a mine pool allocates tasks with different difficulties according to the computing power condition ofeach miner, counts work and distributes earnings; the problem that a common user cannot dig a block is solved, a plurality of mining nodes can be connected, miners are put into a mine pool, the riskis reduced through clustering mining, invalid submission of the block is effectively reduced, and stable income is obtained.

Description

technical field [0001] The present invention relates to the technical field of blockchain, and more specifically, relates to a mining method based on an Ethereum mining pool. Background technique [0002] At present, the implementation of ETH (Ethereum) blockchain 2.0 technology will become an important booster to promote the rapid development and growth of the intelligent blockchain industry. From the perspective of the ETH blockchain itself, after years of rapid development, the domestic ETH blockchain The chain, especially the smart contract technology has reached the international advanced level. In the next few years, the demand for smart contracts will show a trend of rapid growth, especially ETH2.0 technology plays an indispensable role in the smart contract proof of the smart blockchain industry. ETH2.0 can permanently save transaction records, provide traceability for contract proof transactions, and establish a direct bridge for user management. It can log in and ...

Claims

the structure of the environmentally friendly knitted fabric provided by the present invention; figure 2 Flow chart of the yarn wrapping machine for environmentally friendly knitted fabrics and storage devices; image 3 Is the parameter map of the yarn covering machine
Login to View More

Application Information

Patent Timeline
no application Login to View More
Patent Type & Authority Applications(China)
IPC IPC(8): G06Q20/06G06Q20/38
CPCG06Q20/065G06Q20/3823H04L2209/56H04L9/50
Inventor 王武
Owner 中外矿业有限公司
Who we serve
  • R&D Engineer
  • R&D Manager
  • IP Professional
Why Patsnap Eureka
  • Industry Leading Data Capabilities
  • Powerful AI technology
  • Patent DNA Extraction
Social media
Patsnap Eureka Blog
Learn More
PatSnap group products