When can mining be mined (when is mining settled)?

08/16/2023 17:52 • Tech Ticker • 95 views

When can mining be mined? When can mining be mined?

Since January 2015, the global Bitcoin hash rate has been on an upward trend. With the cryptocurrency market gradually cooling down and stabilizing, the price of Bitcoin has been continuously rising for most of 2018. As of May 2019, according to CoinIn data, the difficulty of Bitcoin mining has reached a historical high of 15T; the network transaction volume of Bitcoin has reached nearly 400 million US dollars.

Therefore, we can predict how long the Bitcoin price can sustain. This depends on the state of the entire digital world: the level of Bitcoin network activity and its user base, which determines whether the miners’ profitability will continue to grow or decline in the next year. If we calculate based on the data at the end of 2017, Bitcoin now has about 27,000 steps, which means that approximately 30 million RMB of investment will enter this field every day. In this case, Bitcoin will be increasingly recognized by more and more people due to its highly decentralized and anti-ASIC properties.

So, the next question to discuss is: “Do you think I have been doing well recently?” Or “When can mining continue?”

The answer is yes, “mining can be profitable in a few years, and there are no technical obstacles.” So no matter how you estimate it, as long as Bitcoin continues to exist, mining can be sustained for a period of time and will not become the main catalyst for a bull market like many early investments. “Bitcoin production will stop when mining profits stop increasing”-this is why?

In fact, some new mining machine projects have appeared from the end of 2017 to the beginning of 2020 (such as Bitmain’s Shenma M3S+ Ant B9 series, Jianan Yunzhi A12, Micro Core blockchain, etc.). After mid-2017, a batch of new products (such as Ripple) appeared, one of which is called RTX3080, which uses a new generation of mining machines based on GPU graphics cards. In late October last year, a large number of old machines also arrived. However, due to the emergence of new technologies, the demand for chips has been reduced. Many people have focused their attention on mining, but soon they found that they missed the next stage of new opportunities.

Although Bitcoin mining is still an emerging industry, there are still many anticipated applications related to various devices, including mobile hardware, gaming software, cloud servers, and so on. Therefore, these may cause certain troubles for users, especially for those who want to participate. One of the questions to consider is how to get higher returns. Therefore, no matter which way, no matter what equipment you choose to buy, it cannot guarantee that your investment returns are real and reasonable.

When does mining settle

According to official sources, according to the latest data from CoinIn mining pool, as of 12:00 on May 27, 2018 (GMT+8), the settled Bitcoin mining income is approximately $0.0006 per block reward, which is approximately 0.00000824 BTC based on the current market price; The estimated mining income of mainstream mining machines such as Antminer S19Pro and Shenma M20 series is expected to reach $0.062.

In the next year, as the Bitcoin network difficulty adjusts, the shipment of old and new machines decreases, and the overall network hash rate increases, the time to end mining will also change accordingly. It is expected that the profitability of Bitcoin mining will further increase in the next quarter, at which time miners need to pay their electricity bills in advance and withdraw from mining.

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When can mining be mined (when is mining settled)?

When does mining settle

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