How Torrent work and full detail about it

Torrent is a software which allow the users to download a file in a decentralized way. There are many softwares which are using torrent service like uTorrent, BitTorrent etc.

But we need to understand what is decentratlized or we can say that what is peer to peer (P2P) systems.

There are three types of systems:

• Centralized
• Decentralized
• Distributed

We only need to understand decentralized. So, a decentralized network has no central server (command and control centre), which means that it can operate with freely running nodes alone (P2P).

So lets see with example, A file name abc.mkv is on a multiple computers which are uploading them using torrent software like BitTorrent. You download an abc.torrent from the internet and open it in BitTorrent. BitTorrent just downloads it from these computers which are uploading it. This file will download in a chunks from the different computers without having the central server. If your one computer is shutdown, the file will still downloading from the other computers. But in case of server, if your server is down, you can't download a file from the server. So, without having server, you can easily download a file.

So, Expensive server equipment isn't necessary to send files to many people at once, and people has slow internet can just as easily download large sets of data because the file is not uploaded on a server but on the computers which are acting as server. 

The torrent file can download from two things: the .TORRENT file or a hash of the torrent, called magnet link. Magnet link has all the information of file on the torrent network same as torrent file

Torrent can be dangerous because if the file is downloading from the untrusted source, it can download the malware in your computer. Torrent can be use for piracy.

Common term on the torrents are:

Seed is the number of people sharing the file. Zero seeds means no one have full file and nobody can download the file.

A peer is someone downloading the file from a seeder.

Leechers only download the file. A leecher might instead upload nothing at all after the full file has been downloaded.

Swarm is a group of people downloading and sharing the same torrent.

Tracker is a server that tracks all the connected users and helps them find each other.

Client is a program or web service used by a torrent file or magnet link to understand how to download or upload files.

How to start mining and my research about Mining

Mining of Crypto Currency

So, our topic was to mine the crypto currency and present how to start mining. What you need for mining.

What is mining?

                Mining, or Crypto currency mining, or crypto mining is a process in which transactions are verified and added to the block chain digital ledger.

So, there are two methods for mining.

• Solo Mining
• Mining Pool

Solo Mining

A solo mining is a solo process where the miner completely does his task of mining operations without any helping hand.

Mining Pool

            A mining pool is the pooling of resources by miners, who share their processing over a network, to split the reward equally, according to the amount of work they contributed to the probability of finding a block.

Crypto currency for mining

There are many crypto currencies in the digital world like:

•          Bitcoin
•          Ethereum
•          Litecoin
•          Vertcoin
•          Onecoin

But our topic was to mine onecoin because we need minimum specs for mining of Onecoin.

OneCoin

OneCoin is a Ponzi Scheme due to its organizational structure and because of the previous involvement of many of those central to OneCoin in similar schemes. It was described by The Times as one of the biggest scam in history.

US Prosecutors have alleged the scheme bought in approx $4 billion worldwide. In China, law enforcement recovered 1.7 billion yuan (US$267.5 million) while prosecuting 98 people. Ruja Ignatova disappeared in 2017 near the time a secret US warrant was filed for her arrest and was replaced by her brother, Konstantin Ignatov. Most of the leaders have now disappeared or been arrested. Greenwood was arrested in 2018, as was Ignatov in March 2019. In November 2019 Ignatov pleaded guilty to charges of money laundering and fraud. The total maximum sentence for the charges is 90 years in prison.

VertCoin

Vertcoin is an open-source cryptocurrency created in early 2014 that focuses on decentralization. Vertcoin uses a proof-of-work mechanism to issue new coins and incentivize miners to secure the network and validate transactions.

I downloaded the vertcoin application (One Click Minor) from their website www.vertcoin.org . But there are some errors in the application.

 

LiteCoin

                Then I search best software for mining and I found easy miner for this purpose. So, I downloaded it. Then I created my wallet in coin base.

And it was working great. But we need high specs for mining the litecoin. But after start of mining, my pc slowly got heated and I stopped it.

Generate public address for coin. And then copy a coin base address in given field and give the email address for logs. And start mining.

It'll work but you have to make a system with high specifications.

Hardware needed for mining:

• GPU (atleast 6)
• Processor (atleast Core i3)
• Fan (for cooling)
• And a electricity generator

Thank You