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What does mining calculation mean (mining calculation income)

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What does mining calculation mean (mining calculation income)

What does mining calculation mean? According to Coincryptorama, mining calculation refers to determining the value of a specific digital currency through the computing power of a computer. In the Bitcoin network, a block can be generated every 10 minutes, and each new block contains different data types and inputs, all of which are supported by blockchain technology. So, when we want to conduct mining, we need to use some special algorithms. For example, the HashrateValidator is used to represent the relationship between the inflation rate of a currency and its price; CryptoComputing

Mining calculation revenue

According to Bitcoin, the mining calculation revenue of Bitcoin is adjusted based on the size of computing power and difficulty. When the BTC network reaches a block height of 630000, it will need to pay a processing fee of approximately $50000 to ensure its normal working hours (i.e. processing every ten minutes). This fee is equivalent to the current price, but as the currency price increases, the amount may increase or decrease; If it grows at a rate of 300% to over 10 times its current level, it means that the current Bitcoin bull market will come to an end.

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