When faced with a market that has no bottom line, the most we hear is always: "Is it not?" Where is the bottom? The bitcoin that has always been strong, this time is like flying down three thousand feet, repeatedly breaking the position and breaking through the beliefs of many people. Everyone is either preparing to copy a solid bottom or shouting "Return the money to me, I will not play." "". How crazy it was at the time, how desperate it is now. Desperate is not just unable to find the northern leeks, but also a large number of miners who make a living at the price of the currency. A piece of news yesterday sent the currency circle and the mining ring to the hot search again, and the status quo was exposed to the public. The mining machine, once a magical rich machine, has now become a pile of broken copper and iron lying in the yard, waiting to be cheaply recycled. Some small and medium mine owners are crying
"I am bleeding." The ensuing result was a decisive resale of the liquidation, in order to withdraw the stop loss earlier. A miner with more than 4,000 mining machines in Xinjiang said that in the past few days, he has dug more than 60 bitcoins. According to the current offer, the income is 2.6 million yuan, but the electricity bill is as high as 2.8 million during the same period. This is equivalent to more and more compensation, simply shut down." Shutdown and back-off are becoming the only choice for miners. This year, for the mining circle, it is not so peaceful. The calculation of Bitcoin's entire network is growing rapidly. After the price of Bitcoin has risen to 20,000 knives, it has repeatedly fallen to break the psychological defense line and the mining yield. In the continuous reduction, the price of the shutdown currency is repeatedly triggered. According to the statistics released by the f2pool fish pond in the past six months, we found that the older models of ants S7, T9, Avalon A741, and Shenma M3 have already reached the shutdown price. But shutting down does not mean stop loss. A miner with more than 20,000 M3 miners bought these miners at a price of 4,000 yuan below the market price. However, now that the price of the machine is turned off, no one wants to sell these used machines. It’s the equivalent of more than one billion. Leaving the price of the currency, these chips and algorithms are meaningless. ” Not only individuals, but some well-known well-known mines and mines are also unable to sustain.On November 6, the BTCC mining pool announced that it will shut down all mining servers on November 15 and will cease operations indefinitely from November 30.
On November 21st, Giga Watt, the top US mine, recently filed an application for bankruptcy protection in Chapter 11 to the Eastern District of Washington, DC, claiming that its assets were less than $50,000 and owed nearly $70 million to the largest creditors.
Once squandered mining, the shutdown of the shutdown, the collapse of the collapse, even the BTCC, which once occupied 15% of the bitcoin computing power, is out of this way, it is really amazing!
Looking back on 2011, Bitcoin mining officially entered the eyes of believers. At that time, mining was much simpler than now. With a household computer, it was easy to dig up dozens of bitcoins in a week. . At that time, there was no concept of a mine pool. Everyone was alone solo and single-handedly fighting.
With the rapid increase of the computing power of the whole network, the difficulty of mining has risen sharply. The ordinary graphics cards can no longer meet the needs of mining. The low computing power and small chance rewards make individual miners lose their advantages. They are gradually being marginalized. . In 2014, the concept of the mining pond was born, and the unique power conditions made the number of miners in China explode. Individual miners could not support and turned to the mining pool, seeking to "bring the group to warm up." This year, the ant mine pool and BTCC rose rapidly and swept the majority of the pool pool, and the living space of the small pools was greatly reduced. In 2015, the mining pattern stabilized, and the large mining pool was firmly in the top five, and the overall network computing power continued to grow. In 2017, the cows came, and the miners earned a lot of money. In 2018, the currency market ushered in a bear market and suffered a bear market. The small mine pools were unable to make ends meet, and they ran and retreated, leaving only large mining pools such as Bitumin to operate
It can be said that since the advent of Bitcoin, mining has gradually evolved into a complete industry, from the initial CPU mining, to the GPU mining, and finally to the current ASIC (professional mining machine) mining era. Now, the tide has receded, and there are not many people left on the beach. In the past 30 years, Hedong, thirty years of Hexi, in the face of continued crit of the currency price, the miners are already paying for negative returns.