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This article is about how to briefly analyze the mining principle and miners' income of NGK common chain. The editor thinks it is very practical, so I hope you can get something after reading this article. Let's take a look at it with the editor.

With the substantial increase in the total amount of computing power sold in the whole network, the computing market of NGK common chain is becoming more and more hot, and more and more ecological builders participate in the mining of NGK common chain. Obviously, the mining of NGK common chain has become a popular project.

Today, the editor will take you to understand the mining principle of the NGK common chain and the income of the miners.

1. Working principle of NGK common chain mining.

At present, there are two main kinds of mining, one is mining machine mining, miners are real people digging in the mine, and the other is cloud computing mining, in which miners are participants in promoting public chain projects and maintaining their effectiveness.

In the traditional cloud computing power mining common chain projects, most of them are based on POW or POS consensus mechanism, but because these two consensus mechanisms have some disadvantages, especially in the network performance, we have to promote some common chain mechanism improvement. However, in the process of improvement, there is often the question of whether a consensus of interests can be reached between technology developers and miners. If the agreement changes and there are differences between communities, it will lead to bifurcations, such as the bifurcation caused by the dispute over bitcoin expansion.

In order to avoid this risk, the NGK common chain adopts the DPOSS consensus mechanism. Due to the fairness and transparency of the mechanism and the stable performance of the network platform, miners can work stably on the NGK public chain without consensus differences.

Users only need to configure the corresponding data in their digital asset contracts on the NGK common chain, such as block chain mode, block size, consensus mechanism, mining mode, etc., and deposit a certain NGK public chain pass, then the miners will find the demand. If the miners think the income is appropriate, they will switch some calculations to generate the side chain to support the block chain of the project, and earn NGK common chain tokens and corresponding digital assets. If miners find that supporting the digital asset is not cost-effective, they will abandon the digital asset.

2. Miners' income

Each miner of the NGK chain will receive a certain reward, which is mainly divided into two kinds, one is the arithmetic reward, the other is the mining reward.

Power reward

Each miner on the NGK common chain has a related arithmetic value in the network, which is proportional to the spatial contribution and determines whether the miner has the right to exploit the block at each stage. By digging the block, the miners of the NGK chain receive a "block reward" and charge for the messages contained in the block.

In addition, the miners of the NGK public chain will regularly submit storage certificates to the chain. In this way, they can get storage fees from the customers they trade with.

Mining reward

In addition to the arithmetic reward, the miners of the NGK common chain can also receive mining awards. There are mainly two kinds of this, one is the storage reward, the storage fee mainly comes from the fee that the customer pays regularly after the transaction is concluded. The other is tokens, such as NGK coins. In order to encourage miners to actively participate in mining, the NGK chain will reward miners with certain NGK coins. After getting NGK tokens, miners can choose to sell in the secondary market or hold them for a long time.

3. Summary

Compared with the traditional form of mining, we can see that NGK public chain mining really has many advantages, not only for ecological builders, but also for these active miners. It can be said that with the support of miners and ecological builders, NGK public chain mining will also develop better and better.

The above is how to briefly analyze the mining principle of the NGK common chain and the miners' income. The editor believes that there are some knowledge points that we may see or use in our daily work. I hope you can learn more from this article. For more details, please follow the industry information channel.

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