Mining Pool Virtual Modeling Application

For the Bitbon System as a versatile decentralized system, mining is one of the key processes that allows guaranteeing reliability of its services and digital assets. However, for Bitbon System Users, mining is, first and foremost, a type of activity that guarantees remuneration. Moreover, all they need to do to get started is buy Bitbon accounting units and connect their Assetboxes to a mining pool. In addition, unlike “traditional” mining, which requires expensive equipment that eventually goes out of order, Community PoS Mining requires only bitbons, which relieves you of unnecessary expenses and saves time.

Of course, in order to achieve success in any type of activity, you need long-term planning and all necessary calculations. In case of Community PoS Mining, the size of remuneration, aside from the number of engaged bitbons, is affected by the selected model of organizing social connections in the mining pool. Therefore, in order to increase future income, you have to properly model your mining pool.

Mining pool virtual modeling application was created for that very purpose — to provide Users with an ability to model their mining pools to obtain data on potential remuneration for mining in case this pool model is implemented in practice.

In particular, the application allows you to:

• easily create various models of organizing social connections of the mining pool;
• analyze the experience of other miners using active mining pools as an example;
• receive visual representation of the principles of forming remuneration based on the unique features of the structure of social connections of the mining pool;
• select the most profitable strategy of building a mining pool based on calculation and prediction of remuneration.

The calculations of the application use real values of the main mining parameters, such as total power and size of remuneration that is transferred to miners from the Mining Fund each mining period. All calculations are made in accordance with the mathematical algorithm of Consensus building mining taking into account the parameters set by a User. The predicted result may differ from the actual result you will get in the future. That is due to the fact that the size of remuneration in Consensus building mining is directly influenced by the number of participants and their bitbons in mining.

Please note that the visual representation of this application consists of a number of complex components, which can be displayed only on big screens. Therefore, this application can run only on desktop browsers and tablets.

You can learn more in the instructions for the mining pool virtual modeling application by following the link: https://information-resources.bitbon.space/pdf/mining/mining-pool-virtual-modeling-application-instructions.pdf .

You can open the mining pool virtual modeling application by following the link: https://miningpoolmodeling.bitbon.space

Originally published at https://www.bitbon.space.