Bitcoin mining machines are on the shelves, the computing power is skyrocketing, affecting the mining return cycle

Time flies unconsciously into August, let's take a look at those changes in the mining circle. Recently, we are the production of the Litecoin August 5 block, the block rewards from 25 LTC, reduced to 12.5 LTC, it is reported that Litecoin A reduction in production will not affect the price. Block production cuts have little effect on prices. At the same time, good news came from the Middle East: the Middle East officially approved Bitcoin mining, allowing international miners to engage in cryptocurrency mining, and mining electricity charges to 7 cents per kWh.

The bitcoin mining machine market is in short supply, and two mining machine manufacturers have increased production. Bitcoin will cooperate with TSMC to increase production to 10,000 pieces per month. A mining machine manufacturer, Jia Nan, has submitted a listing application again. In 2018, they were rejected for submitting an IPO in Hong Kong, and recently submitted an IPO to the US for listing.

Mining machine increased production, affecting the increase in computing power

Now it is a domestic flood season, a large number of mining machines on the shelves to mine, because miners in the case of cheap electricity and currency prices, can get good mining revenue. Even the ant mining machine S9 can greatly shorten the mining cycle under the current mining difficulty.

As the price of coins has risen sharply, the market for mining has risen linearly, causing a large number of miners and financial institutions to dig mines and flood into the mining industry. The market has been rising, and all the manufacturers have no mining stocks. Whether it is a new machine or a second-hand mining machine that was previously shut down, it is in this wave of mining bonuses. Due to the influx of mining machines into mining operations, the block computing power is also rising.

The most important factors for mining are mining machine cost, mining power, block rewards, and electricity charges. At present, the difficulty of mining the whole network is 9.01T, and the difficulty adjustment is 7 days and 13 hours. It is expected that the next difficulty will be raised to 9.31T, an increase of 3.28%. The difficulty of mining is raised, and the price of coins is also rising synchronously. If the increase in the price of the currency does not keep up with the difficulty of mining, the return period of the miner will be extended.

For the miners, the uncontrollable is the difficulty of mining calculations. After the digital currency calculation power rises, if the currency price falls, the low-power mining opportunities will be eliminated first. For mining machines with high calculation power, the lower the mining cost, the stronger the anti-risk ability and the longer the mining period.

Mining is a fixed investment, choose the mining time

After the end of the wet season in October and November, the electricity bill will increase and the mining cost will increase, because many low-power mining machines will be eliminated. Bitcoin mining machines are custom-made products, and the replacement of mining machines is fast. At the end of the flood season, the mining machine will be transferred to overseas mines with lower electricity prices.

However, due to the limited number of overseas mines, miners also pursue cost-effectiveness. Therefore, smart miners will sell low-power mining machines and replace them with high-powered mining machines.

At the same time, in 2020 next year, the digital currency will be reduced by the planned block. Block production cuts will also drive the popularity of high-power mining machines and the development of next-generation mining machines.

The old miners said: The most important thing is to invest in mining. The most important time is to choose the time for mining. During the wet period, the mines in Sichuan will be selected. After the flood season, the overseas Middle East mines will be selected to enjoy low-cost electricity.

Fengshui Mine and Middle East Mine

How to find a mine is also a problem encountered by miners? Because the professional mine has a low-cost power support and operations team to manage the Bitcoin mining machine. Many miners have suffered losses in the selection of mines, such as mine power outages, or the mines encounter natural disasters and so on.

Mining and mining is a low-risk and high-return product. The miners recommend the RHY mine to have Sichuan Fengshui period mines and overseas Middle East mines. You can choose whether to use domestic hydropower during the wet season or the Middle East mines for low-cost electricity.. The most important mining is the legal and legal mine, and the power source is stable and reliable.

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