What currency does the 741 mining machine dig

08/03/2023 08:11 • AI & Tech Insights • 105 views

741 Mining Machine Digging What Coin 741 Mining Machine Digging What Coin? What is the price of Bitcoin? According to the market of Coin An, the current price of BTC is around $9450. The price of Ethereum is much lower, because its price is relatively expensive, so investors can afford some. But for ordinary players, the investment cost is still very high, especially for the old mining equipment, its yield may be much higher than other small currencies. In addition, due to the fact that blockchain technology itself is open source, open, and transparent, many people believe that the development prospects of blockchain are very broad. But as more and more people in the blockchain industry enter this field, it is also a big problem for investors: how to know what blockchain is really useful without understanding what blockchain is. (Wu Shuo Blockchain)

How many mining machines are there?

Today is the fourth day of halving Bitcoin. How many mining machines are there in the coin circle? According to the comparison chart of computing power, many people have bought second-hand Bitcoin and Ethereum in the currency circle a few days ago. And these old chives also know about “exchanging old machines for new equipment”, so their demand for new machines is not high Actually, this is not a new phenomenon, as many people previously referred to this phenomenon as excessive speculative frenzy. At that time, many small retail investors did not buy any second-hand Bitcoin or Ethereum. However, with the development of the market, the demand of “old players” is growing – such as Bitmain, Shenma, Canaan Creative and other large manufacturers For ordinary investors, the most important thing is the price of mining hardware. After all, Bitcoin is still very cheap (calculated based on the current market price), so if you want to hold Bitcoin or other varieties for a long time, you need to hoard some. But at the same time, due to the fact that digital currency itself is a very complex process, and many investors often overlook this process, leading to a large influx of funds into this field. So how many professional institutions in the market are considering configuring Bitcoin mining machines now? The answer may be one or two. Of course, there are also a few companies that express support for their business, such as Asus, Samsung, and other companies whose chip design teams are actively investing in research and development work, and are planning to launch their products for users to use. However, currently most companies still believe that the cost of mining equipment is very high. According to media statistics, over 200 ASIC mining machines were produced globally in 2017. Among them, Ant S19 series is 40T+, and Avalon A9 Pro series is 100T+. In addition, some small brands are also starting to purchase relevant models of ASIC mining machines. The bear market of 2018 caused panic for most people; The bull market of the encryption market in 2017 led to a huge foam in the entire industry, which even caused some people to worry: who can control their own assets and continue to operate in the future? So we had this speculation In fact, in the past year, the overall development of mines has been rapid. As of the week of August 13th, nearly 20000 mining machines were put into operation across the entire network, including the Ant S17Pro, Xindong E11, and YibitE15. The average daily output of five mining machines is about 20 BTCs, with a revenue of only 0.0025 yuan per unit. Since 2019, this amount has increased more than threefold. Since the first quarter of 2020, a total of 70000 mining machines have been added Compared to the market performance at the end of last year, miners have been exploring overseas markets since the beginning of this year. Especially in the US region, miners and Chinese mining giants seem more conservative. Although domestic mining companies are generally optimistic about the prospects of overseas markets, they still occupy a dominant position in the domestic market.

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What currency does the 741 mining machine dig

How many mining machines are there?

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