Why is the hash power of mining machines so low (what to do if mining hash power is abnormal)
Why is the hash power of mining machines so low? Why is the hash power of Bitcoi
Why is the hash power of mining machines so low? Why is the hash power of Bitcoin mining machines so low?
In the field of cryptocurrency, mining is a very complex process. When we want to mine from a single device, we need a large amount of computing resources to complete it (such as CPU and GPU). Due to different hardware designs, ordinary computers cannot obtain the required amount of data and data processing capabilities, which is something that most machines cannot do – they can only obtain this information through simple input and output to meet specific requirements. However, for those who do not want to participate directly, this income is very high. In order to solve this problem, there are many other methods that can help improve efficiency and reduce wasted time. The following are some of the main factors affecting mining:
1. Work proof algorithm: About 200,000 blocks are generated every 10 minutes.
2. Distributed operation of random hash rate: Each block generates about 34,000 bytes of information.
3. Distributed system management of random numbers: Nearly 58,000 blocks are generated every 4 hours.
With the gradual rise in the price of Bitcoin and the increasing attention to blockchain technology, more and more companies have started to use cryptographic and artificial intelligence technologies to build their own decentralized financial platforms, thereby achieving this goal. Currently, there are some large companies that have developed digital asset trading platforms similar to Coinbase. According to CoinDesk’s report, on November 25, 2019, a company jointly created by Nomura Securities, one of the world’s top investment banks, and the Singapore Exchange announced the launch of a new entity—Contour, a cryptocurrency mining software subsidiary of Canaan Inc., a Nasdaq-listed company, which plans to go public in the fourth quarter of this year. (BitcoinMagazine)
In addition to some traditional mining methods, there are many noteworthy points, such as: Bitmain has recently released the Avalon E9ProASIC chip and the Antminer S19 series mining machine. Recently, Bitmain also released the latest Avalon improvement proposal, aiming to boost the price of Bitcoin. Although the price of Bitcoin has skyrocketed, the mining difficulty has not halved as expected. Therefore, people have found that despite the many high-priced bitcoins on the market and the fact that they are still unsold, a large-scale update was carried out in early 2019. The change this time is the increase in miners’ interest. They hope to earn higher returns by buying more BTC or other mainstream coins. It is estimated that China has accounted for more than 60% of the entire mining market this year, and most people in the region have heard of the concept of Bitcoin. The bear market in 2018 has caused many people to lose confidence.
What to do if mining hash power is abnormal
According to Cointelegraph, there have been reports recently that the hash power of a certain mining pool suddenly dropped to 50EH/s. In response, some users questioned: What impact will normal mining software and hardware configurations have on the network? This issue has attracted widespread attention in China, but the domestic view on the virtual currency mining industry is not clear. Therefore, regarding the above issues, we suggest finding an appropriate solution.
1. Choose stable and reliable mining machines.
2. Pay attention to what needs to be considered when purchasing mining equipment.
3. Choose the right time, place, environment, and other factors
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