What does btc mine disaster mean (what does mine disaster mean in the coin circle)

08/10/2023 03:53 • Daily Digest • 99 views

What does btc mine disaster mean? Mining difficulty refers to the problem of inconsistent block output due to different block heights during transactions on the Bitcoin network. Btc is a decentralized encrypted currency that uses cryptographic technology to ensure decentralization. It is also a distributed computing platform and protocol that supports various smart contract functions and other applications, such as wallets, browsers, game consoles, etc.

According to relevant information, on February 8, 2019, Binance announced the official launch of BTT, BSV, and BTC, and trading started three days later. In May, Huobi also started testing pre-purchase and exchange services for the token. Currently, the official Twitter of BitcoinCash stated: “I found users asking me if this is going to open an exchange.”

What does mine disaster mean in the coin circle

Editor’s note: This article comes from the Fenghuolun community (ID: FHBT18), author: Peipei, authorized reprint from Odaily Star Daily.

Today let’s talk about the topic of mine disaster in the coin circle, because this industry is currently in a relatively sluggish state.

Hello everyone, I am Peipei. I have said long ago that mining is the most easily eliminated part of the blockchain industry, but if you look at the current market situation, if mining Bitcoin will probably break even or return to zero, then this period can basically be considered a “normal” period. However, it is still dangerous for ordinary investors. “Miners” generally cannot survive. “Minefield” is actually an indisputable fact, that is, most people don’t know what to mine, so they don’t care about the so-called project parties and exchanges. It is the most important thing to make these companies survive in the bear market, and those who want to make money will naturally not give up their dreams overnight. For example, many big Vs have recently begun to focus on halving, thinking that this outbreak may just be the beginning, and other buddies should know that the income after halving, as for whether it will continue to rise in the future, I think this statement makes sense, after all, there are still some Shanzhai coins emerging, even some not particularly well-known Shanzhai, and from an investment perspective, their price fluctuations are also very large.”

Another netizen commented that I personally think that the short-term impact on the minefield is large, especially as the currency price falls, the price may drop significantly, but some friends also said that this is due to recent changes in policies, especially the continuous fermentation of the domestic epidemic, which has increased market hedging sentiment, so There will be a series of measures taken by local governments to promote the development of virtual currency trading platforms. Of course, some companies will also undergo compliance processes, including relevant national departments, such as the Industrial and Commercial Bank of China, which are actively promoting cooperative work with local financial supervision to ensure that companies that meet regulatory requirements get better operation and financial support.

In addition, many media have mentioned “the overall trend of the entire digital encryption asset market since the first half of this year,” which means that mainstream assets in the market will face downward pressure for a period of time, so it is also a choice for the mining industry.

Here we mainly talk about the concept of mine disaster:

1. The decrease in network computing power, that is, the overall network difficulty is expected to increase by about 200%;

2. The reduction of mining rewards, that is, the income per T computing power has changed from the previous fixed amount of 50,000 yuan to more than 30,000 yuan, and it will increase by 5% to 15% annually, of which the total increase in 2018 is about 10%.

1. The overall network difficulty is expected to increase four times, a 50% increase compared to the same period last year, and will decrease by about 20% annually;

3. The number of new entrants is small, indicating that the cost of electricity is higher, and older machines consume more power;

4. More and more BTCs are being mined, and more players need to purchase more hardware to achieve higher efficiency and improve network security levels.

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What does btc mine disaster mean (what does mine disaster mean in the coin circle)

What does mine disaster mean in the coin circle

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