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What is cryptocurrency mining?

Cryptocurrency mining revenue mainly comes from two aspects: first, miners are rewarded for mining new blocks, and second, they make revenue from rewards of transaction commissions.

As we mentioned in the section of “six layers of blockchain”, that incentive layer of the blockchain mainly includes the issuance system and distribution system of economic incentives, its function is to provide incentive measures to encourage nodes to participate in the security validation in the blockchain, incorporate economic factors into the blockchain technology system, motivate nodes that participate in the bookkeeping in compliance with the rules, and punish nodes that fail in complying with the rules.

Cryptocurrency mining, in simple terms, is the process by which individuals use their devices to perform "works" that support blockchain networks in order to receive cryptocurrency as rewards. Cryptocurrency mining revenue mainly comes from two aspects: first, miners are rewarded for mining new blocks, and second, they make revenue from rewards of transaction commissions.

This process is achieved with mining devices (ASIC mining machine, GPU mining machine, etc.) and consumes electric power to run the mining machine and mining program. The "mining devices" are often referred to as mining machines, and the people who maintain the mining machines are called "miners" and are rewarded cryptocurrency as "mining revenue."

Due to the high noise and power consumption of mining machines, and their need for maintenance by professionals, most miners will choose a professional mining farm for hosting mining machines. In addition, as the probability of block rewards is low by mining alone, miners generally choose to access the mining pool, gather hashrate to package blocks together, and obtain rewards according to the revenue model.

BTC
Shut Down
Issue amount 21000000
24 hours volume 972.49K
24 hours turnover $ 68.19B
Market Direction Short
Panic Index 78 (Extremely greedy)
Swap Rate 4.94%
Market Value Proportion 51.42%
market value $ 7,252.66 x 100 million
24 hour increase 0.30%
Computing power 689.95 EH/s
daily output 0.00000075 BTC / T
Halving time

The public chain will have a halving cycle to maintain the value of the currency, and the market will rise sharply after halving in history.

Completed
Earnings volatility

The computing power of the entire network is due to the increase and decrease of mining machines, which affects the average distribution of revenue. If the computing power decreases, the average revenue will increase, and if the computing power increases, the average revenue decreases.

0%
LTC
Shut Down
Issue amount 84000000
24 hours volume 21.50M
24 hours turnover $ 2.04B
Market Direction Short
Swap Rate 28.92%
Market Value Proportion 0.26%
market value $ 35.60 x 100 million
24 hour increase 0.04%
Computing power 997.68 TH/s
daily output 0.00000367 LTC / M
Halving time

The public chain will have a halving cycle to maintain the value of the currency, and the market will rise sharply after halving in history.

No halving expected
Earnings volatility

The computing power of the entire network is due to the increase and decrease of mining machines, which affects the average distribution of revenue. If the computing power decreases, the average revenue will increase, and if the computing power increases, the average revenue decreases.

0%
BCH
Shut Down
Issue amount 21000000
24 hours volume 3.75M
24 hours turnover $ 1.88B
Market Direction Short
Swap Rate 19.06%
Market Value Proportion 0.39%
market value $ 51.56 x 100 million
24 hour increase -0.86%
Computing power 4.02 EH/s
daily output 0.00026007 BCH / T
Halving time

The public chain will have a halving cycle to maintain the value of the currency, and the market will rise sharply after halving in history.

Completed
Earnings volatility

The computing power of the entire network is due to the increase and decrease of mining machines, which affects the average distribution of revenue. If the computing power decreases, the average revenue will increase, and if the computing power increases, the average revenue decreases.

0%
FIL
Shut Down
Issue amount 2000000000
24 hours volume 134.20M
24 hours turnover $ 1.25B
Market Direction Short
Swap Rate 25.43%
Market Value Proportion 0.18%
market value $ 59.61 x 100 million
24 hour increase 1.10%
Computing power 22.63EiB
daily output 0.00463229 FIL / TiB
Halving time

The public chain will have a halving cycle to maintain the value of the currency, and the market will rise sharply after halving in history.

No halving expected
Earnings volatility

The computing power of the entire network is due to the increase and decrease of mining machines, which affects the average distribution of revenue. If the computing power decreases, the average revenue will increase, and if the computing power increases, the average revenue decreases.

0%
XCH
Shut Down
Issue amount 31234162
24 hours volume 619.57K
24 hours turnover $ 26.36M
Market Direction Short
Swap Rate 9.36%
Market Value Proportion 0.01%
market value $ 4.77 x 100 million
24 hour increase -0.28%
Computing power 14912.60839843 PiB
daily output 0.00014691 XCH / TiB
Halving time

The public chain will have a halving cycle to maintain the value of the currency, and the market will rise sharply after halving in history.

No halving expected
Earnings volatility

The computing power of the entire network is due to the increase and decrease of mining machines, which affects the average distribution of revenue. If the computing power decreases, the average revenue will increase, and if the computing power increases, the average revenue decreases.

0%
ETC
Shut Down
Issue amount 210700000
24 hours volume 31.82M
24 hours turnover $ 799.17M
Market Direction Short
Swap Rate 23.14%
Market Value Proportion 0.33%
market value $ 33.42 x 100 million
24 hour increase 1.24%
Computing power 185.86 TH/s
daily output 0.00008892 ETC / M
Halving time

The public chain will have a halving cycle to maintain the value of the currency, and the market will rise sharply after halving in history.

No halving expected
Earnings volatility

The computing power of the entire network is due to the increase and decrease of mining machines, which affects the average distribution of revenue. If the computing power decreases, the average revenue will increase, and if the computing power increases, the average revenue decreases.

0%
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