Patent ID: 11875315
Assignee: ANTPOOL TECHNOLOGIES LIMITED
Field: IT methods for management (Electrical engineering)
Classification: CPC G  H | IPC G

Claim 0:
1. A virtual currency settlement method, comprising:
detecting, by a cryptocurrency mining pool system, that a mining node is accessing the cryptocurrency mining pool system;
acquiring, by the cryptocurrency mining pool system, a node identifier associated with the mining node;
acquiring, by the cryptocurrency mining pool system, two or more settlement currency types set by a user;
storing, by the cryptocurrency mining pool system, the node identifier and the two or more settlement currency types in a storage device;
in response to two or more settlement currency types being acquired, determining, by the cryptocurrency mining pool system, a priority rank of the two or more settlement currency types;
identifying, by the cryptocurrency mining pool system, a settlement currency type according to the priority rank of the two or more settlement currency types, wherein if the cryptocurrency mining pool system is unable to make a determination of a settlement is based on a settlement currency type with the highest priority rank, identifying, by the cryptocurrency mining pool system, a settlement currency type of a next priority rank;
settling, by the cryptocurrency mining pool system, with the mining node according to a type of a first virtual currency so that the cryptocurrency mining pool system acquires the first virtual currency from the mining node;
according to the identified settlement currency type, transacting, by the cryptocurrency mining pool system, with an exchange institution to exchange an amount in the first virtual currency into an amount in a second virtual currency, the second virtual currency having a same currency type as the settlement currency type; and
transferring, by the cryptocurrency mining pool system, the amount of the second virtual currency to an account.