Differences and relationships between cloud computing power, mining farms, and mining pools

mine

A mining farm refers to a place where mining machines are centrally managed. Generally, the site is located in a remote place where electricity charges are relatively cheap and relatively stable, and professional mining machine maintenance personnel need to be hired. Mining farms are considered downstream in the entire mining industry chain, and will be greatly impacted by the mid-to-upstream industry chain. They mainly rely on mining revenue, mining machine hosting and other businesses to survive. Foreign mining farms are mainly located in Seattle, USA, and Orenburg, Russia. , Zug, Switzerland, etc.

mining pool

A mining pool refers to a computing power consortium (also a community of interests) formed by connecting the computing power scattered in the global miners and mining farms together for mining. The mining pool is responsible for information packaging, and the incoming computing power is responsible for competitive bookkeeping. Since the computing power of many miners is collected, the mining pool’s computing power accounts for a large proportion, and the probability of mining token rewards is higher, and the mining pool will receive The token rewards are distributed according to the proportion of access computing power. Compared with solo mining, joining a mining pool can obtain more stable income. The mining pool should be regarded as the middle and lower reaches of the entire industry chain. Currently, it mainly makes profits from businesses such as computing power contracts, computing power futures, and handling fees.

Cloud Computing Platform

Cloud computing mining is a derivative of mining machine mining, which refers to providing users with their resources for cryptocurrency mining. Miners do not need to directly purchase mining machines and other mining equipment, and the cloud computing platform will be responsible for the purchase, deployment and maintenance of mining machines. Users can directly obtain mining income by directly purchasing mining computing power. Cloud computing power has greatly lowered the threshold for miners to join the mining industry, and it has become the first choice for miners who want to try mining but lack a large start-up capital. Cloud computing power platforms generally order mining machines directly from mining machine manufacturers, have their own mining farms, and sell cloud computing power contracts to miners.