Check out 10 useful and interesting mining tools.
Original title: “10 Mining Practical Mining Tools, which ones have hit your desire to collect”
Written by: Yan Wenchun
Some tools are often used in the daily work of mining, and readers often ask where to find some mining-related information. The mine thinks it is a good idea to share these useful tools with everyone. Today we will introduce some useful tools or websites for querying the following information.
- The static payback period of the miner
- Shutdown currency price
- Daily theoretical output of unit computing power
- Difficulty change prediction for the next difficulty cycle
- Best current fee
- 60-day cumulative increase
- Number of active addresses
- Long-term coin storage address and high-frequency transaction address
- Rich List
- Number of pending transactions
Next, the mine will introduce the corresponding query tools in the order above.
The static payback period of the miner
There are many websites that calculate the static return cycle of mining machines. For example, mining currency network and BTC.com, etc., here is the example of mining currency network.
wabi.com/mining-income/bitcoin-calculator.html
As shown in the above figure, the price of the mining machine is 19200 yuan/unit, and the electricity fee is calculated at 0.38 yuan/kWh. The current static payback period of the Ant S19 is 376 days .
You can also choose other currencies on this page, such as Ethereum. For example, calculate the payback period of the Sapphire 5600xt 8 card machine.
wabi.com/mining-income/ethereum-calculator.html
It should be noted that the static payback period of the mining machine assumes that the future mining difficulty, currency price, mining basic rewards, miner fees for packaged transactions, electricity fees, etc. are all unchanged and the mining machine continues to run at full computing power. Calculate the mining machine payback period. In fact, these factors are changing almost at any time. Therefore, when making investment decisions, the static payback period cannot be regarded as the actual payback period of the mining machine. It is more appropriate to use it as an indicator for decision-making.
Shutdown currency price
The shutdown currency price is also an indicator that miners are very concerned about. The shutdown currency price represents the safety margin of the mining machine. This indicator can be queried through the mobile app of Mocoin.com.
Open the Wobinet APP, click “Calculator” in the lower right corner, select the mining currency at the top, and enter the mining machine’s computing power, power data and electricity price in the blue box to calculate the shutdown currency price.
The left side of the figure below calculates the shutdown currency price of S19 PRO; the right side calculates the shutdown currency of the Sapphire 5600XT 8 card machine.
Mincoin App
Some explanations need to be made about the shut-down currency price:
The shutdown currency price (margin of safety) of a mining machine essentially depends on two points: electricity price and energy efficiency ratio (power divided by computing power). The lower the electricity price and the lower the energy efficiency ratio, the lower the shutdown coin price of the mining machine . The extreme case is that if the electricity price is free, the miner can never shut down.
The shutdown currency price is just a reference. For miners with low safety margins, such as S9 and S11, the reference is more meaningful. For machines with high safety margins, such as S19 and M30S++, these machines have low safety margin machines as buffers. The calculated closing currency price is very inaccurate, and the reference value is not high.
Daily theoretical output of unit computing power
You can check the daily average theoretical output of various currency units on the page of the mining machine’s static return cycle described above.
wabi.com/mining-income/bitcoin-calculator.html
The value in the red box above is the theoretical output of 1T computing power for 24 hours of BTC. This is the theoretical output of the FPPS model and includes the part of miners’ packaged transactions.
The mining currency network can also check the theoretical output of dozens of mining coins such as BCH, LTC, ETH, ETC, ZEC, etc., as shown in the figure below.
The BTC.com website can also easily check the daily theoretical output of the two currency units of BTC and BCH, and also check the theory of PPS (basic reward) and FPPS (basic reward + miner’s fee) distribution mode output.
Difficulty change prediction for the next difficulty cycle
Still on the BTC.com page, you can also check the predicted difficulty of the next time and the relative change of the current difficulty, as well as the time until the next difficulty adjustment.
Best current fee
Also on this page, you can find the current best handling fee. The best fee means that it is fast and economical, and the fee paid is “just right” so that the transaction can be packaged in the next (or next) block.
How is the current best handling fee derived? The relevant person in charge of BTC.com said that there is algorithm support behind this. Simply put, the current best fee is based on the average transaction fee of the last few blocks and transactions in the pending transaction pool (transactions waiting in line for packaging) The transactions calculated in real time and paid according to the current best fee of BTC.com will be packaged and confirmed in the nearest 1 to 2 blocks.
There is also a useful tool for Ethereum ‘s fee: Gasnow .
Gasnow does not predict the future based on historical data, but predicts the Gas Price based on the gas price distribution of transactions in the current trading pool of Spark Mine Pool nodes. The advantage of this is that the miner fees given are more accurate and more meaningful . How should users understand the four numbers of extreme speed, high speed, normal, and slow? Gasnow uncle Miao explained:
The upper limit of the Gas Limit for each block is 12.5 million. Different types of exchanges require different amounts of gas. Normal ETH transfers require 21,000 Gas. Complex contract transactions may require several million Gas. So each block actually The number of transactions packaged varies, the minimum is dozens or even a few transactions, and the maximum can have more than 600 transactions (12.5 million/21,000).
In the calculation method of GasNow, the first step is to list all the 2000 transactions in the queue to be packaged (tx1, tx2, tx3, tx4,…txn…tx2000), and then arrange them according to the Gas price from high to low. What can be packaged in the next block is N transactions (tx1, tx2, tx3, tx4…txn). Note that N here is uncertain.
On this basis, we calculated the four numbers, which have the following meanings: “Extreme Speed” mode, which represents the gas price of (tx1, tx2, tx3, tx4…txn) median transactions; “High Speed” Is the gas price of txn; “normal” is the gas price of the max(tx2n,500) transaction ; “slow” is the gas price of the max(tx5n,1000) transaction . If the next block can pack 300 transactions, that is, n=300, then “normal” means the gas price of the 600th transaction, and “slow” means the gas price of the 1500th transaction.
At present, wallets such as imToken, MYKEY, MathWallet, TokenPocket, etc. have already supported the function of Gasnow. When using these wallets to initiate a transfer, there will be four types of handling fees to choose from. The following is an example of imToken wallet.
60-day cumulative increase
The 60-day cumulative increase is the “increasing bubble index” designed by President Jiang, which is obtained by adding up the daily increase in the last 60 days.
The logic of this indicator is: the bear market is created by the bull market. The rise in the price of the currency requires continuous newcomers and new entry funds to support. New funds generally flow in steadily as the news and the effect of the bull market get rich. To a certain extent, if the stock users in the market exhaust all their funds or even add leverage, the price will rise sharply in the short term, and the speed will exceed the rate of entry of new funds. New funds cannot hold up the price that is rising too fast, and the currency price will eventually collapse at a high position with huge potential energy, ending the bull market and opening the bear market .
Now, this index is easily available on QKL123. In addition to BTC, there are cumulative gains of ETH and BCH; and there are 7, 30, 60, and 90 days for reference.
www.qkl123.com/data/acc_increase/btc
Number of active addresses
The three major bubble indexes designed by Mr. Jiang also include the “user bubble index” , which is calculated by dividing the “total market value” by the square root of the “number of active Bitcoin addresses”. The underlying logic of this index is Metcalfe’s law, that is, the value of the network is proportional to the square of the number of connected users. In this model, if the currency price continues to rise, but the number of users has not kept up for a long time, according to Metcalfe’s law, such network value is not supported by actual users, and a bubble will appear.
You can check the trend of the number of active addresses of mainstream coins such as BTC, ETH, and BCH on bitinfocharts.com.
The number of active addresses for BTC and BCH, bitinfocharts.com/comparison/activeaddresses-btc-eth.html
Long-term coin storage address and high-frequency transaction address
Are you a long-term coin hoarding party or a short-term speculator? Want to know how many people have the same style as you? blockchain.com provides this data. It divides all addresses into three categories: long-term holders, mid-frequency investors, and high-frequency investors according to the currency holding time of more than 1 year, and the holding time of 1 month to 12 months, less than 1 month. The proportions of these three BTC addresses are as follows:
blockchain.com/explorer?view=btc
The proportion of long-term BTC holders is 65.05%, which is higher than the mining industry imagined . This function also supports ETH and BCH. Would you like to know the proportion of their three types of investors? Open the website and have a look.
Rich List
Here are a few more fun tools.
Which address has the most bitcoins, and which exchange addresses are on the rich list? tokenview.com can satisfy your curiosity.
tokenview.com/cn/topaccount/btc
The first place on the rich list of bitcoins is the cold wallet address of Huobi Exchange, with more than 140,000 bitcoins deposited with a current value of more than 2.1 billion US dollars; the fourth place on the rich list is the cold wallet address of Binance. This website can also check the rich list of dozens of cryptocurrencies such as ETH and BCH.
Query tool for the number of pending transaction pools
The number of pending transactions refers to transactions that have been initiated waiting for miners to pack into a new block, and pending transactions are an indicator of the activity and congestion on the chain. Mine introduction This is mainly because there is a tool that is very interesting. It can intuitively see the transaction status of BTC, ETH, BCH chain, including the number of transactions to be confirmed, block height, median fee, etc., and The actual transaction on the chain simulates the animation effect of adults on public transportation, and it is strongly recommended to open the website to experience it .
https://txstreet.com/v/btc-eth
There are many similar useful and interesting tools, and it is not too much to mention too many. This time, I will share the above 10 tools with you.
Source link: mp.weixin.qq.com
