market falls or plummets, there will always be a voice in the market: "Mining disaster", miners suffer heavy losses...Mining is losing a lot...Wait...
When you know what mining means, what role it plays, and what is positively related to Bitcoin, you will know that mining is basically the safest investment method and strategy in this industry under the premise that it is not illegal.
However, those who gloat all day and those who sneer on the streets are basically the little white-looking presence. When you truly understand the logic of the entire mining, you will find out what an exciting investment this is. Will mining lose money? Of course it will! For example:
(Bitcoin's mining net profit = cost - electricity bill - mining machine fee - maintenance fee). If the currency price continues to rise, assuming that the electricity bill and maintenance fee remain unchanged, the miners' profit will become higher and higher. On the contrary, if the currency price continues to fall, the miners' mining profit will be no longer profitable, and turning on the mining machine will continue to lose money.
means: (cost electricity + mining machine cost + maintenance cost). Therefore, as the currency price continues to fall, many mining opportunities are facing closure. Therefore, there is also a saying on the market that in order to protect their own interests, miners will spend a lot of money to support the entire market.
However, if you choose a platform like Yiwa.com, you will not lose money. You only need to purchase a computing power contract and wait for the profit. On the basis of refunding the power contract, the daily income will be credited in real time.
Let’s take a look at the risk resistance of mining machines:
First of all, you need to know that without miners, Bitcoin will no longer exist.
What happens if no one mining? If no one mines, the Bitcoin network will not be able to produce blocks or transfer money, and the Bitcoin network will no longer exist. Of course this situation will not exist, because generating blocks means receiving a Bitcoin reward. As long as Bitcoin has a price, someone will invest the cost to mine and sell the mined Bitcoin. Some people use Bitcoin, which further strengthens the value of Bitcoin and is increasingly used. The Bitcoin network will always exist.
So is it possible for the Bitcoin network to be destroyed?
We know that blockchain is the underlying technology of Bitcoin, and blockchain has the attributes that are tampered with and data verifiable. Then you can only start with a new block to destroy the Bitcoin network. That is, conduct 51 attacks. The 51 attack requires three thresholds: physics, economy and time.
requires millions of mining machines and consumes hundreds of millions of kWh of electricity per day. These physical deployments all take time. Whether it is buying large amounts of existing computing power or starting from scratch, purchasing ASIC chips. Information is easily leaked.
Bitcoin network produces a block in an average of ten minutes. The attack needs to be completed within this time. Otherwise, the normal block is first produced, and it also takes a ten minutes to verify whether the attack is successful. Both conditions are not good for the attacker.
Since is difficult to destroy in the Bitcoin network, mining is something that can be invested in for a long time. Blockchain is a fair, just and open platform, and you can get Bitcoin by mining (providing proof of work). Does turning off the mining machine means it’s cold? Of course not! If the physical life of the
is well kept, it will be 5-10 years, which means that it will not be moved and can be turned on and mined at any time after a few years. The economic life of 24-hour uninterrupted mining is generally about 3 years or more. S9 has been dug for four years. Some people who have become scrap iron before have heard that Bitmain has gone bankrupt, or is it that Bitmain sold by pound? Of course not!
At that time, they were still mining normally, because buying the same machine for 1,000 yuan is not the same as buying the same machine for 40,000 yuan.
That is to say, when the currency price plummets and encounters greater risks, the worst result is to turn off the machine at that time and wait for the market to reverse. The machine can be activated at any time.
, and we have more strategies to deal with, which is also the landmark operation method of mature mines. If there is a greater risk, it will reduce electricity bills and joint mining in the production area. Joint mining is given to miners at extremely low costs, and then the income is half. The mine and miners bear considerable risks together.
Right
Finally, I said something about
Some people oppose and resist mining. One is because they hear that they don’t understand. The other is that they have been cheated and trampled on. Various pyramid schemes are everywhere, and they all change their concepts and fool people into grabbing each other. Therefore, Bitcoin is also taken the blame. Adults are responsible for their investments, learn to understand, and ask questions if they don’t understand. In order to reduce possible risks and make their investment funds safer!
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