Eä Mining Federation is the world's first blockchain pool
Eä Mining Federation is the first ever decentralized distributed mining pool. Unlike centralized pools, which are intermediaries between the miner and the network, the blockchain pool has an architecture that allows miners to create their own nodes and exchange information about the results of the work directly without any intermediaries.
Eä Mining Federation is the first and only blockchain in the world that allows miners to record all the work they have done.
A network consisting of nodes - independent miners, works according to certain rules:
- New templates are sent to all nodes
- Each node collects the found solutions into a block
- Each node selects the appropriate Proof of Work difficulty for its block
- As soon as such a Proof of Work hash is found, this block is sent to the network to all nodes
- Nodes accept a block only if all decisions in it are correct and fully verified
- Nodes express their agreement with the new data by working on creating the next block in the chain and using the hash of the previous block and the new template as a basis.
The chain of snapshots is organized in such a way that an arbitrary third party can rebuild and recheck the solutions for all the shares mentioned in them.
All this means that in the Eä Mining Federation there is no need to trust someone who does billing and pays miners a reward for their work. Anyone can independently and independently check the contribution of each and the validity of the work done by him. And also make sure that the proportion between the reward and the contribution of each miner to the common cause is fair.
New block detection rate
The length of the chain is not limited by the protocol, it starts from the genesis and ends at infinity.
Just like the bitcoin blockchain, the Eä Mining Federation blockchain has no limit. The Eä Mining Federation network is growing at a rate of one block every 30 seconds, 2880 snapshots per day. Each snapshot is approximately 1MB, which gives a chain growth of approximately 961GB in one year in a simple form.
Verification speed - 1 hour
The current implementation allows checking snapshots at a rate of at least 290-300 snapshots per second, which is about 20,000 times faster than the average speed of snapshot creation. That is, the complete verification of the work solved by the network in one year will take approximately 1 hour. Deduplication is applied to the chain to reduce the amount of stored and transmitted data.
Solution Power
Eä Mining Federation uses sophisticated advanced mathematical algorithms for data compression and duplication. It's hard to imagine the amount of work the miners of the world do by hashing to find a share that can become a block. It's just as hard to imagine that there could be a blockchain that could handle that much volume and still be fast, able to keep up with the work of thousands and thousands of machines doing thousands of billions of calculations every second. But there is such a solution. This is the Eä Mining Federation blockchain.
Create your own pool on the Ea Mining Federation blockchain
Your own pool. And you can not only be its user by setting up your miners on any of the existing nodes, but you can also be a real member of the network by installing your own node. And be absolutely as equal and independent as you are in the bitcoin network when you install a wallet, a full bitcoin node. At its core, the Eä Mining Federation blockchain is gold ore, sifting through which they find digital gold nuggets - blocks in the bitcoin network. When, at some point, a block found in the Eä Mining Federation network actually becomes a new block in the Bitcoin network, it already contains transactions that ensure the payment of digital gold, bitcoins, to all miners working in the Eä Mining Federation network.
