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What does the mining machine dry period mean (What are the reasons for the mining machine crashing)?

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What does the mining machine dry period mean? What does the mining dry period m

What does the mining machine dry period mean (What are the reasons for the mining machine crashing)?

What does the mining machine dry period mean? What does the mining dry period mean? In English, it refers to the period caused by reasons such as high electricity fees and low machine operating efficiency. Therefore, for ordinary users, the “mining machine dry period” is a common choice: because high prices will affect usage rates. As the power supply decreases and the currency price fluctuations decrease, market participants begin to look for other options.

The dry period of the mining machine also means “unable to mine”. When the network’s computing power increases, the price of old machines will decrease, or in other words, the cost becomes higher. (Note: “dry period” is a concept before Bitcoin’s halving)

What are the reasons for the mining machine crashing

Editor’s note: This article is from Caiyun Blockchain (ID: cybtc_com), authorized repost by Odaily Planet Daily.

What is the fundamental reason for Bitcoin mining machine crashing? After mining a block, there is not enough computing power and time to maintain the operation of the machine. Due to network congestion, some miners cannot use computers for mining, so there are some problems. For example, you need to reset the mining machine when the mined currency is unstable, or in some cases, lagging or even loss issues occur due to insufficient CPU memory, and so on.

1. Why does this happen?

According to the data from Antpool, on March 30th of this year, when the price of Bitcoin reached its highest level of around $11,400, the average network computing power was about 101.6 EH/s. In the past three months, the price of Ethereum also soared from around 20,000 yuan to over 11,800 yuan, and then as the cryptocurrency market continued to decline, various digital currencies entered a “death spiral” state. Statistics show that in 2019, Bitcoin output exceeded more than 2 trillion yuan, surpassing the total output in 2018. (Image source: Weibo) 2. How to mitigate the risks associated with this problem? The first is the issue of graphics memory chips because they provide higher-level performance. If GPUs can meet the hardware requirements for ASIC calculations, then graphics memory is higher than other devices, so it is difficult to crack. On the other hand, the power consumption of graphics cards is very low. This is a huge obstacle for ordinary players. Of course, many professionals are also considering such a solution:

To improve efficiency and reduce costs, we choose to use dedicated integrated circuit chips.

The biggest highlight of Nvidia’s latest Asic miner S19Pro is that it can increase the GPU processing power to more than 100MH/s. Moreover, this flagship product also provides faster transaction speed and more storage space, making the entire mining process more efficient and secure. At the same time, the company has launched a new series of miners called Antminer E5, which is named RTX3080. These new miners support a wider range of applications, such as gaming or data center services, through specially designed products. In addition, they have also added a software development kit (SDK) for virtual reality applications.

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