Community Observation: 2019.08.08
Community Observation publishes insightful opinions and interesting thoughts collected from the SimpleChain community. If you have any thoughts/opinions about blockchain/crypto that you’d like to share, feel free to contact us through our Telegram group.
By 空客730
Blockchain networks that have support from miners have a stronger vitality. Miners are the bookkeepers of the decentralized ledgers on blockchain networks.
Profit is the main motivation for miners. It drives them to buy machines, pay electricity bills, mine tokens, sell tokens to eventually earn the difference.
Miners are driven by profit, and the expansion of a blockchain ntework is based on this very profit-driven mode.
Blockchain networks with longterm support from miners all have a strong vitality, including BTC, LTC, ETH. Each and every miner is working to defend the interest of the chain.
At today’s price, if you mine BTC with mining machine AntS17, it takes 251 days back to break even. If you mine ETH with 1063 (with 6 cards) , it takes 600 days to break even.
SIPC’s current price is $0.28. If you use the 1063 6 card mining machine to mine SIPC, it only takes 300 days to break even. The profit is twice as much as mining ETH.
Driven by this much of a profit, some of the graphics card computing power will move to SIPC. SIPC’s computing power has tripled within a month.
I recommend three mining pools to mine SIPC:
Official mining pool: https://www.simpool.vip/
MatPool: http://matpool.io/
DXPool: https://www.dxpool.com/
Miner friends can check them out!
About SimpleChain
SimpleChain is a PoW main chain with flexible sub-chains. Different sub-chains can adopt different kinds of consensus and block data structure as needed, to support a variety of applications and use cases on blockchain. Sub-chains also support sharding to improve performance. This double-layered structure of one main chain and multiple sub-chains can fuel various applications while ensuring the consistency of the network.
Built on Baoquan Chain, SimpleChain’s first sub-chain, Baoquan.com provides electronic data services including electronic evidence service, online evidence gathering service, and copyright protection platform. Based on the non-traceable and non-tamperable features of the blockchain, the advantages of Baoquan.com is that user data can be permanently stored on the blockchain, independent of corporations.
In June 2018, Hangzhou Internet Court of China judged a case of a dispute over information network communication rights. For the first time, the court confirmed the legal effect of the electronic data stored on Baoquan blockchain, and clarified review methods of electronic evidence on blockcahin.
We have launched the mainnet beta version in January (see blockchain browser), and we will be launching mainnet official version 1.0 in Q3 this year. Also, our codes are open-sourced on Github.
Find SimpleChain at:
Website: https://www.simplechain.com
Twitter: https://twitter.com/SimpleChain
Medium: https://medium.com/SimpleChain
Facebook: https://www.facebook.com/SimpleChainOfficial
GitHub: https://github.com/simplechain-org
Telegram Group: https://t.me/SimpleChainEN
