BTC

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$18945.89
ETH

-2.81%

$1294.36
LTC

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$52.41
DASH

-9.17%

$39.33
DCR

-5.24%

$24.4
ZEC

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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 3.54M
24 hours turnover $ 67.69B
Market Direction Short
Panic Index 22 (Extreme panic)
Swap Rate 18.48%
Market Value Proportion 38.90%
market value $ 2,048.87 x 100 million
24 hour increase -2.79%
Computing power 222.66 EH/s
daily output 0.00000392 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.

+67.05%
ETH
Shut Down
Issue amount 121630728
24 hours volume 29.75M
24 hours turnover $ 38.85B
Market Direction Short
Swap Rate 24.27%
Market Value Proportion 17.14%
market value $ 808.87 x 100 million
24 hour increase -2.81%
Computing power 855.24 TH/s
daily output 0.00001549 ETH / 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.

+372.30%
LTC
Shut Down
Issue amount 84000000
24 hours volume 9.49M
24 hours turnover $ 498.87M
Market Direction Short
Swap Rate 13.31%
Market Value Proportion 0.39%
market value $ 22.25 x 100 million
24 hour increase -2.04%
Computing power 485.80 TH/s
daily output 0.00001511 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.

-7.26%
DASH
Shut Down
Issue amount 18900000
24 hours volume 743.58K
24 hours turnover $ 30.34M
Market Direction Short
Swap Rate 6.80%
Market Value Proportion 0.04%
market value $ 3.68 x 100 million
24 hour increase -9.17%
Computing power 2.35 PH/s
daily output 0.00024754 DASH / G
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.

-58.77%
DCR
Shut Down
Issue amount 21000000
24 hours volume 94.15K
24 hours turnover $ 2.46M
Market Direction Long
Swap Rate 0.65%
Market Value Proportion 0.03%
market value $ 2.51 x 100 million
24 hour increase -5.24%
Computing power 85.24 PH/s
daily output 0.00000354 DCR / G
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.

-87.59%
ZEC
Shut Down
Issue amount 21000000
24 hours volume 1.27M
24 hours turnover $ 70.18M
Market Direction Short
Swap Rate 8.29%
Market Value Proportion 0.08%
market value $ 5.35 x 100 million
24 hour increase -7.05%
Computing power 9.71 GH/s
daily output 0.00028412 ZEC / K
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.

+61.30%
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