What does machine gun mining pool mean

What does machine gun mining pool mean? In the Bitcoin blockchain, machine gun mining pools refer to the amount of computing power and coins mined through one or more mining pools. According to Bitcoinwin’s data, more than 20000 BTCs are currently being extracted from machine gun mines, each of which can generate approximately 55000 Bitcoins. Machine gun ore pool is a way to obtain block rewards by using PoW Proof of work (POC) mechanism. This is a special type of mining mode because its computational efficiency is very low and requires a large amount of computer resources. According to official information, the machine gun pool is an automatic mechanism for earning profits. This mechanism has multiple uses in the Bitcoin network – realizing arbitrage, leveraged trading and other functions through smart contracts and automated Market maker How does the machine gun pool work Simply put, it means placing coins into a separate fund pool and then depositing them into other accounts for trading or borrowing; For example, you can use a certain Stablecoin to deposit 1BTC (or 100USDT) to a specific address. If users have sufficient liquidity to participate in one of the pools, they can receive a corresponding amount of coins in return. This process is similar to the ‘deposit interest’ in a bank. And a portion of these funds can be used to provide services for various applications, such as payment credit cards and debit cards. Therefore, you need to have a dedicated wallet to manage the relationship between your coins and the wallet, and set up a safe place for them to receive token rewards. This mode can lead to some risks: your currency has been stolen by hackers, your assets have been lost, or you have been maliciously attacked.