Yongxuan Mining Holds Conference in Dongguan

On December 11th, South Korea Yongxuan Mining invested in the construction of a mine in the Dongguan Industrial Park. It is planned to be divided into 3 phases, with the initial investment of 20 million and an estimated investment of 100 million! At present, the No.1 mine in the first phase has officially started operation, and most of the mining machines have started mining.

Earlier, Yongxuan Mining has opened branches in Chengdu and Heyuan. It is reported that branches in Shandong, Hunan, Fujian, Henan, Chongqing and other places are also under preparation. Yongxuan Mining’s goal is to build 100 branches in China. At the same time, Yongxuan Mining is a franchised distributor of mining machines for the SEEKCHAIN ​​project and an official mining machine partner with headquarters in South Korea.

Korea Yongxuan Mining takes talents and innovation as its development engine and relies on the “Yongxuan Blockchain Development Research Institute” to focus on blockchain technology, digital currency economics, blockchain community ecology, blockchain community governance and districts. Research on the development path of blockchain. Centered on “Yongxuan Technology Start-up Incubator”, it provides an open, symbiotic, innovative, and development environment for innovative entrepreneurs engaged in blockchain business, gathers outstanding talents, and seeks the future of digital blockchain together.
It is reported that SEEKCHAIN ​​will hold the “SEEK Supercomputing Industry Economic Forum” in Dongguan on December 15, and Yongxuan Mining strongly supports it as a co-sponsor. This conference is co-sponsored by SEEK Chinese Community and Yongxuan Mining. It is co-organized by media parties such as TODO Labs and Blockchain News. The conference venue is at the beautiful Eurasia International Hotel in Changping Town, Dongguan. Trends, industry prospects. It is believed that the successful holding of this conference will definitely make the market prospect of Yongxuan Mining wider.

yes, sure~

SEEK unveiled in Hangzhou · CAN Conference 2019 to talk with SEEK about the new development of the POC mining industry and look for new opportunities at the end of the year😃

0x6f8a2491683a786de8e8b0645669614faf7f8792, this is the invitation code for miners.

can I have an invitation code?

you can now, the mainnet has been updated successfully~

why I can't withdraw seek from hoo.com?

there is the mining tutorial of seek:https://github.com/SeekChainGlobal/SeekChain/wiki/SeekChain-solo-mining-tutorial-Windows-version

exactly~thank you for your support~

On April 8 this year, the National Development and Reform Commission planned to classify bitcoin mining as a phase-out industry, which caused a high degree of market attention at the same time. At the same time, the newly emerging POC mining model was significantly higher than the POW mining model. The rate was once again raised by the media.
SEEKCHAIN ​​unlocks POC mining new pose
SEEKCHAIN ​​(SEEK for short) is a new consensus mechanism using incremental combustion certification (IPOB) to transform decentralized, low-cost storage resources into decentralized and trusted financial collaboration platforms. At the same time, it is Turing’s complete smart contract platform, supporting anonymous protocols, Def solution sets, bookkeeping protocols, and more.
The IPOB incremental combustion proof consensus mechanism is a superset of POC. In SEEKCHAIN, miners need to perform IPOB workload proofs in order to obtain a certain reliable computing power and a block bonus extraction rate in order to obtain a block reward by performing POC mining.
POC is derived from the POW mechanism, which can be said to be an iterative update of the POW. POC also has the security and decentralization performance of POW. The biggest difference with POW is that POC supports hard disk mining, and anyone can participate in mining. It is regarded by most people as “POW2.0” which is more efficient, lower cost and fairer.

The POW consensus mechanism is gradually abandoned
As we all know, POW is a computing power mining, requires a professional ASIC mining machine, and the mining machine is expensive, consumes a lot of power, and is labeled as “wasting power”. And the mining machine can only be manufactured by a few miners, and the rise in the price of the coin will also cause the price of the mining machine to rise. The net price will increase as the price of the net increases. The miner will earn the mine when the calculation power is relatively fixed. The currency will be reduced, so POW is a dynamic game process.
The POC ratio is only the capacity of the hard disk, only ordinary power support, not only more power saving than the POW, but also the POC has the safety of POW; efficiency; short safety confirmation time; low energy consumption; no noise; Everyone can mine and other advantages based on the proof of capacity advantage.
Superset of POC — IPOB incremental combustion proof consensus mechanism
SEEKCHAIN ​​is an intelligent contract platform based on the Incremental Combustion Proof (IPOB). Its economic model is super deflation.
1. The mining award is halved every four years. This is one aspect of deflation, just like the bitcoin production reduction mechanism.
2. All miners must burn a certain amount of coins in order to obtain mining power and extraction rate. This is quite different from all current POC projects and is the key to making SEEKCHAIN ​​stand out from all projects in the future.
Up to now, other POC mining projects are either collateral mining or direct mining, the total amount of money will not decrease, and mortgage mining can cause a large potential selling pressure after redemption. The combustion mining of SEEKCHAIN ​​requires the destruction of a certain amount of coins in advance to activate the mining rights and the corresponding mining power, which is a natural deflation mechanism.
3. Since the extraction rate of all miners cannot reach 100%, all the parts except the extraction rate are automatically destroyed, which will greatly reduce the total amount of Seek. For example, a miner dug up 100 Seek. In the case of a 60% extraction rate, 60 Seek were owned by the miners and the remaining 40 were automatically destroyed. This is the deflation caused by the extraction rate, and it is also the internal mechanism that triggers the rise in the price of the currency.
Although the number of people involved in POC hard drive mining is not as good as POW, the beginning of any revolution began with the fire of the stars. SEEKCHAIN’s unique economic model may be the way to win.

Why does SEEKCHAIN ​​lead the POC consensus to become the mainstream of the future?

SEEKCHAIN main network launch surprisingly and mining start
November 15th, 2019
 
 
The world's first active deflation POC project
 
Gold mine silver mine, SEEK mining
 
 
Official website: seekchain.org
Mine pool: seekpool.io

4. The SEEK development team is the blockchain technical advisory team of the regional government？

Busan, South Korea

3. What is the total amount of SEEK issued?

9.7 billion

2. What is the consensus mechanism of SEEK?

IPOB

1.What exchange that Seek has been listed on?


https://hoo.com/

https://medium.com/@PoC_Consortium/crypto-in-the-middle-ages-94a9e36c5de1
Crypto in the Middle Ages