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FIL coin is currently the number one digital currency in the hot search. As of April 17, 2021, FIL coin is quoted at approximately US$187. When the FIL coin mainnet was launched on October 15, 2020, the issue price was only $26.73. In the past six months, the value of FIL coin has appreciated by more than 700%, and the number of people interested in FIL coin has increased exponentially. So for investors, how to choose a more secure profit for mining and currency speculation? This article will analyze intuitively from the perspective of input and output.

                          

First look at the current market:

According to relevant data, the current currency price is approximately: 1,223/FIL, the new computing power cost is approximately: 13FIL/T, and the 24-hour average mining revenue is approximately 0.081FIL/TiB.

Input and output of coin speculation:

Take the 1T computing power packaging cost as an example to calculate the investment in coin speculation: about 13FIL/T, and the current market cost is about:

3(FIL/T)1223(/FIL)=15899(/T) 3(FIL/T)1223(/FIL)=15899(/T)

                           

If this cost is used for mining:

Generally, the whole mining machine can mine for five years, excluding the half-year packaging period (the mining machine has a large computing power capacity and the packaging period is generally longer, but under normal circumstances, it is more than enough to complete the packaging in 6 months), then calculate 1T according to the current market The benefits of computing power mining costs are approximately:

The formula for calculating the ideal benefit of the current market: 24-hour coin production (0.081FIL/T) multiplied by 365 days a year, multiplied by 4 and a half years of mining duration, and multiplied by the current FIL coin price (1223 (/FIL) ).

0.081 (FIL/TiB) 365 (days) 4.5 (years) 1223 (/FIL) 162710 ()

Then calculate the cost factors such as miners' increase in computing power and dilution of currency production, mining fees, mining machine operation and maintenance fees, gas fees and other cost factors (the pledged coins will be returned after a certain period of time, not included in the cost), the ideal benefit is reduced Half the actual benefit is approximately:

161710 () 2=81355 ()

From the above calculation, it can be seen that even if the currency price stays in place, after five years at the same cost, mining can still make a lot of profit.

In fact, the price of the currency is variable. With reference to the long-term price changes of other digital currencies such as Bitcoin, if the currency speculation can get 1 times the income, then the mining can get several times the income. In fact, the number of people who can get five years of speculation is less. It's so few.

The above calculations can only be used for independent mining machine mining. At present, FIL coin mining in the market also has a cloud computing power model. Due to the hidden tricks of the cloud computing power model, strong investors are not recommended to enter the game. Earlier, a bad cloud computing power manufacturer promoted FIL mining to grandpa and aunt with 0.1T computing power as a unit. The mining benefit was minimal, leading to news that the masses were deceived and reported.

                               

Since the launch of FIL coin on the mainnet, although the price has shown an impressive upward trend, it has not been a smooth upward trend. On the day the FIL coin was issued, the price of the coin rose to a height of nearly $200, and then dropped to the $20 range. The roller coaster-like rise and fall may hardly be seen in other industries, but it is nothing new in the currency circle. If speculating in coins, it is difficult for short-term speculators to know whether they are buying bottoms or taking orders at high positions. But mining is not the case. When the currency price drops, the market protects itself. There is no high-level takeover. The currency price rises and then makes a profit, ensuring the harvest.


(This article is from Bitpush.News)
The first quarter of 2021 officially ends. From most indicators, Ethereum's Q1 performed well. The networks native cryptocurrency Ether (ETH) far exceeded Bitcoin (BTC) and traditional macro assets in terms of price increases, rising 156% this quarter. Several ETH investment products were also launched, paving the way for more institutions to participate in the Ethereum market.

The first quarter also produced several milestones related to the Ethereum technology roadmap and the progress of the Ethereum 2.0 upgrade.

In the first quarter of 2021, the total value locked in Ethereum 2.0 more than doubled, from 1.5 million ETH to 3.6 million.

                            

As the number of users storing Ether in 32 ETH increased this quarter, so did the number of active validators protecting the network. As of February 27, 2021, the number of validators in active service has exceeded 100,000, and by April 12, 2021, it has exceeded 118,000.

In U.S. dollars, the total value of Eth 2.0 locked in at the beginning of April exceeded 8 billion U.S. dollars. At this time, the Eth price on the market exceeded the valuation per unit of 2,000 U.S. dollars. This makes the Eth 2.0 network the fifth largest PoS (PoS) network.

In about four months, Eth 2.0 has grown into a considerable competitor to other more mature and long-running PoS networks (such as Tezos and Cardano). However, compared with other PoS networks, an important difference of Eth 2.0 is that the vast majority of Eth supplies are not used for encryption.

As of April 12, 2021, Eth 2.0 has only locked about 3% of the ether supply. Compared with other PoS protocols, Eth 2.0 has the lowest coin-operating ratio, and other PoS protocols are close to 80%.

                              

Because most of the new Ethereum supply is issued on a parallel Ethereum blockchain protected by miners and a proof-of-work consensus algorithm. In addition, Ethereum has a thriving decentralized application (dapp) ecosystem that competes with the use case of Ethereum as an equity asset.

For other PoS protocols, their native tokens are largely used by validators to obtain rewards on the network. For Ethereum and Ethereum 2.0, users, dapp developers, and recent institutional investors use Ethereum in many different ways.

In the first quarter of 2021, Ethereum has several new use cases that have attracted the attention of well-funded investors and institutions.

The first is ether as a payment medium for non-fungible tokens (NFTs). It has always been possible to buy nft with ETH on Ethereum, and it has attracted mainstream attention to a certain extent through the game CryptoKitties in 2017. However, the hype surrounding digital collectibles reached a new extreme in the first quarter of this year.

In the past three months, writers, artists, athletes, companies, and even robots have all released digital artworks on Ethereum. Although the number of people participating in this technology is very large, compared with the 2017 CryptoKitties craze, the difference between this nft craze is the participation and support of high-profile individuals and organizations.

Christie's, one of the world's leading auction houses, auctioned a non-realist work for $69 million on March 11, 2021, and accepted payment for this work on Ethereum. One day after the auction, the Associated Press, a news agency based in New York, also sold NFT artworks for $180,000.

Since December 2020, nft's total transaction volume has soared more than 25 times.

In addition to the growing use cases of Ethereum as a payment medium for NFTs, we have also seen an early beginning that may become an industry trend: Ethereum as a reserve asset for enterprises.

According to reports, the software company Meitu purchased $22 million worth of encrypted assets on March 7, 2021. A few weeks before this, the digital asset commercial bank Galaxy Digital launched an Ethereum fund for institutional investors. As of March of this year, the company has raised a total of $32 million from wealthy and aspiring clients who want to gain exposure to ETH without physical asset custody.

Finally, I want to emphasize that the last use case of ETH that has attracted institutional attention in the past quarter is betting. As we saw in the Pulse check, Ethereum 2.0 currently locks more than $8 billion in ETH. In comparison, the figure at the beginning of January was $2.4 billion. In the past quarter, validators earned up to 0.25 ETH per month, which is worth about $570 at the time of writing.

How do we know that these have attracted the attention of some institutional investors and qualified investors? Because on March 25, investment-as-a-service provider Stark launched an investment product specifically for them.

The new investment ETH trust fund allows investors to have direct access to ETH and can earn about 8% of the annual interest from the return on investment. The minimum investment is USD 25,000 and the lock-up period is 12 months.

According to stked CEO Tim Ogilvie, in the past few months, products such as stked ETH Trust have been ahead of the institutional interests that have begun to spill over to Ethereum and Ethereum 2.0.

Ogilvie told CoinDesk in an interview, "As you see many institutions are interested in Bitcoin, I think the next natural step is how Ethereum works? A group of investors believe that the risk/return of Ethereum is significantly higher than that of Bitcoin. "

The first quarter of 2021 highlights several possible use cases for Ethereum. ETH can be held as a speculative investment, invested in decentralized finance (DeFi) applications, used to purchase irreplaceable tokens, held in Ethereum 2.0 or purchased as a company's balance sheet reserve asset. Any of these use cases may become the dominant use case for Ethereum and its local token, Ethereum in the coming months. (CNGOLD.COM.CN)


(This article is from Bitpush.News)
In the field of Bitcoin mining, I am afraid that there is no more legendary model than the Antminer S9.

Once the Antminer S9 was released in 2016, it was sought after by the market, and the price of 9,700 immediately

hit more than 20,000.

This magic machine once occupied half of the entire mining machine market in the following three years, but later

with the rapid iteration of mining machine products and the fluctuation of Bitcoin prices, S9 also began its own ups

and downs of mining trip.

                             

Generally speaking, the biggest cost of Bitcoin mining is the mining machine and custody electricity fee. The actual

profit of mining is equal to the number of coins mined each day multiplied by the bitcoin price of the day.

If the actual income is less than the electricity bill of the mining machine, then theoretically the mining machine

has reached the shutdown currency price and should not continue mining.

At the end of 2017, Bitcoin ushered in for the first time approaching 20,000 U.S. dollars. Under the background of

the bull market, the price of S9 was also fired to more than 30,000.

But then Bitcoin fell below $7,000 in February 2018, and the price of S9 dropped sharply. People who used to rely on

S9 to make a fortune also fell.

                             
                                                                Bitcoin price on December 12, 2018

In November 2018, the price of Bitcoin fell to about 3,500 U.S. dollars. Compared with the drop of 50% in mid-July,

the S9 miner faces the dilemma of shutting down because the mining income cannot cover the electricity bill. The

currency price fluctuations make S9 start and switch repeatedly between shutdowns.

During this period, Bitmain also released two upgraded versions of the S9 mining machine, S9K and S9SE, which can be

regarded as a renewed life for the S9 model.

In December 2019, the currency price fell below 7,000 U.S. dollars. Based on the low-water period electricity price

of 0.37 yuan/KWh, the S9's electricity bill has reached the shutdown currency price.

On March 2, 2020, the price of Bitcoin directly plunged and dropped by 50%, and S9 again faced the threat of

shutdown.

Fortunately, these few times were shut down for a short time, but the block reward halving event in May 2020 that

really kicked S9 out of the market.

In the early morning of May 12, 2020, the 630,000th block of the Bitcoin network was mined, and the Bitcoin network

ushered in the third halving. The coinbase reward dropped from 12.5 BTC to 6.25, and daily production was reduced by

about 900 BTC.

After the block reward was halved, S9 and other low computing power models were the first to bear the brunt, and once
again penetrated the price of the shutdown currency.

According to the calculations of the Poolin mining pool, even if all calculations are based on the Fengshui

electricity price of 0.23, S9 mining is already at a loss, and about 1.3 million S9 units have withdrawn from the

mining market overnight.

The S9 also launched a big sale mode, and the miners thought that the S9 was useless, and they sold their own S9s at

low prices.

                             

                             

                              
                                                                        S9's quotation at each stage

The sell-off of S9 continued until the Bitcoin price exceeded $20,000 in mid-December, and the fate of S9 ushered in

another reversal.

Along with the high price of the currency, the mining income of S9 began to turn from negative to positive and slowly
increased.

At this time, a large number of miners began to look optimistic about the S9, which has a shorter return period. Its

price has risen with the price of the currency, from a few hundred yuan to thousands, and the price of S9 has

recently been fired to 2000.

According to the current daily profit of S9 is about 21 yuan, even if the price is 2,000 yuan, the 100-day payback

cycle is quite attractive, and there are many miners who can get the S9 at a lower price.

On the other hand, due to the problem of chip and circuit board production capacity, the insufficient supply of

mining machines has objectively led to the S9 being favored by more and more people.

In fact, recall that if you bought an s9 at a price of 1,500 yuan in May 2019, it has been digging for 690 days, and

the net profit is 37,881 yuan, which has already earned back the cost many times.

                             
                                                       Poolin Mining Pool History Mining Calculator

With the current BTC price exceeding 60,000 US dollars, the existing Bitcoin mining machines have basically been

turned on. According to the current S9's electricity bill, it accounts for less than 40%. It seems that the S9 is far
from being shut down.

                              
                             Poolin mining pool mining machine income ranking: S9 mining machine income data

So don't look at the S9 is an old model, but it can still run.

The multiple reversals of the fate of S9 also made everyone fully aware of the market's impermanence.Even machines

that briefly reach the shutdown price cannot be sold immediately.Even machines that briefly reach the shutdown price

cannot be sold immediately.

Therefore, in the future, miners who already hold S9 may not sell it easily, and the story of a generation of

legendary "machine kings" will continue.


(This article is from Bitpush.News)
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