What is the use of Elephant Mining Pool (Elephant Mine)?
What is the use of Elephant Mining Pool? According to official sources, Elephan
What is the use of Elephant Mining Pool? According to official sources, Elephant Mining Pool is a decentralized mining platform. Users can obtain Bitcoin profits by purchasing computing power and also perform a series of operations such as pledging and earning rewards using their own wallets.
How does Elephant Mining Pool utilize the characteristics of blockchain to provide more liquidity services for the cryptocurrency market? Currently, there are three solutions: First, make it simpler and safer for beginners; Second, make it more convenient for large-scale miners.
Elephant Mine
According to reports from Coinpress Pool, Elephant Mine has been established in Sanya, Hainan. Currently, there are over 500 machines in operation, with a total computing power of about 20.5 EH/s and a network-wide computing power of approximately 150 PH/s. In addition, there is a preparation of 1 million RMB cash and 300,000 RMB BCH mining funds.
It is understood that Elephant Mine is one of the new generation mining equipment invested and constructed by the government of Daxiang Town in Haikou City. The biggest advantage of Elephant Mine is its unique POS consensus mechanism, which halves Bitcoin block rewards through the POW+DPoS hybrid consensus algorithm, while providing higher stability, security, and scalability.
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