Global Mining Machine Software Revenue (Which mining machine can earn a lot of money?)

08/15/2023 07:34 • NFT Newsflash • 85 views

What software can generate revenue for global mining machines? According to BigONE, the world’s largest cryptocurrency mining equipment is the Whatsminer M30S+. Currently, the most mainstream mining equipment globally is the Antminer M31S++, priced at 11,200 RMB (based on the current exchange rate).

According to statistics from the computing power think tank, the current network difficulty is approximately 16.89T, and it is estimated to reach 19.68T by the end of February 2019. Based on the average cost in 2018, it is estimated to generate a profit of around 3 million RMB by the end of 2017, and is expected to surpass the $20,000 mark in April 2019.

Which mining machine can earn a lot of money

Editor’s note: This article is from BlockBeats (ID: blockbeats), authorized to be reprinted by Odaily Star Daily.

You may not know the price of mining machines. If someone says that the price of Bitcoin is $1 million, then isn’t the price of your coins $11,000? I estimate that many people will see this idea as a speculative mindset, because mining Bitcoin either earns money or is sold, which is just a speculation! In the field of blockchain, the logic of “investment” is very simple – “If you don’t understand the value of your mining machine, you can find a suitable person to mine for you.” So, why is this situation happening? The reasons are obvious: First, you haven’t purchased ASIC chips; second, your mining machine has been hosted by third parties for several years and has not yet been put on the market; third, if you think you are a high-risk novice investor or are interested in the cryptocurrency industry, you can consider buying some hardware. However, apart from these factors, there are other factors to consider:

First, let’s take a look at a recent phenomenon: “After the upgrade of Ethereum 2.0, the network-wide computing power began to soar.” Second, a recent hot news is that the price of ETH has risen nearly 100% since the beginning of the year. Of course, there are certainly some technical flaws in this, such as high gas fees and other issues. Lastly, let’s take a look at the most expensive graphics card manufacturer on the market, the Whatsminer M30S series. Even though its performance is not as good as some products on the market, its sales far exceed the previous generation Antminer S19Pro and Avalon A9Pro mainstream graphics cards. So, what everyone is concerned about now is the performance improvement of the Whatsminer M20s+ and the latest version T17 released by Canaan Creative. However, it is worth noting that Bitmain’s latest T16Pro has been released until February 2021. The information on its official website shows that it was updated in March of this year and is expected to go online in mid-July. “Regarding the introduction of new machines,” explained a senior miner. “As more and more new users join the mining ecosystem, the demand for mining farms is rapidly increasing… especially at the beginning of April this year, many friends realized this and thought that the current cost of mining machines is indeed very high.”

There are two opinions about this. One is that due to the current decline in the price of Bitcoin, some miners have turned off their machines, resulting in a decrease in shipments from mining pools. On the other hand, due to being in a profitable state for a long time, the mining pool’s rate of return has decreased. Additionally, it is said that many customers have experienced losses.

For example, in the market trend of 2020, mining pool revenue mainly comes from electricity fees and transaction fees. Around the end of November last year, a total of 1.3 billion BTC was generated by the entire Bitcoin network, accounting for more than 10% of the total supply. This number reached 1.5 billion on June 28, 2019.

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Global Mining Machine Software Revenue (Which mining machine can earn a lot of money?)

Which mining machine can earn a lot of money

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