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What is the calculation power of digging coins (what is the calculation power of mining)

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What is the calculation power of digging coins (what is the calculation power of mining)

What is the power of digging money? Digging money is a method to calculate the Money supply. It makes decisions by using the computing power of computers and the ability of miners in the network to process digital assets. In the field of virtual currencies such as Bitcoin, Ethereum and Litecoin, the role of mining machines is mainly reflected in two aspects: one is the encryption algorithm with high hardware cost; Another is the consensus mechanism generated by blockchain technology itself. Therefore, the size of coin digging computing power determines the application scenarios and profit models of coin digging computing power. What is the power of digging coins? It can be divided into three categories: mining and transaction. The most common one is that the mining difficulty of BTC is around 1T. Due to the difficulty for ordinary investors to participate in mining activities, a large amount of electricity resources are generally required to operate these machines, and this funds can also be obtained by purchasing mining equipment

What is mining computing power?

On July 9th, Bitcoin officially announced that with the continuous decline of the digital currency market and the sharp drop in coin prices, mining computing power has also declined.

. However, due to the recent continuous rise in currency prices and intense price fluctuations, there have even been a large number of “brick arbitrage” behaviors in some regions, where “packaging a transaction requires paying a certain handling fee (excluding electricity fees)”. According to statistics, there are already some platforms on the market that have conducted virtual currency exchange activities, such as BitDeer, Canaan Creative, etc., and these platforms usually calculate their own mining income through a third-party organization as a reference for mining.

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