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location Home > News > Details

Miners may be benefited due to the drop in hash rate of Bitcoin

2021-12-10 15:00

In a twinkling towards the end of 2021, Bitcoin has skyrocketed since the end of 2020. The bull market of Bitcoin has gone through a year already. Although currency prices have fluctuated, the bull market will continue.

Miners benefited a lot in the past year. According to the data from Block Research, the revenue of Bitcoin miners in November was US$1.69 billion, a decrease of 2% from the previous month; the revenue of Ethereum miners was US$1.99 billion, an increase of 11.8% compared to October. In the same period last year, the revenue of Bitcoin miners was estimated at 522 million U.S. dollars. Overall, the average benefit of cryptocurrency miners is three times that of last year.

Although the profits are very high, it was not as easy for miners to go through in 2021. Due to stricter policy supervision, many miners were forced to leave the Bitcoin network in May and June. Part of the computing power gradually recovered until October and November. Recently, due to power supply problems in Kazakhstan, and the United States has strengthened the supervision of cryptocurrencies, it is still difficult for Bitcoin mining to continue to expand.

According to data, Bitcoin had reduced the mining difficulty by 1.49% down to 22.34T at the Block Height of 711648 on Nov, 28th. Due to the lack of power supply in the Winter and tightening of the policy, the Bitcoin hash rate is expecting a decrease in the next year. 

There is no denying that with some of the miners having to leave, it's an advantage for Bitcoin miners who still have hope to be online, they are about to enter a new revenue window.

Crypto mining is the process of verifying and adding transactions of various forms of cryptocurrency to the blockchain. Blockchain is also called a distributed ledger/decentralized ledger. There would be no Bitcoin, neither Ethereum without crypto mining. Crypto mining is an important basis while forming the technology of a distributed ledger, currently there is no alternative to crypto mining.Therefore, encrypted mining is facing some difficulties, but the industry will still maintain its vigorous vitality.

You are welcome to contact us to participate in mining. We provide multiple currencies and various forms of mining packages to meet the greatest extent.

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BTC
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Issue amount 21000000
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24 hours turnover $ 42.90B
Market Direction Long
Panic Index 58 (Greed)
Swap Rate 9.59%
Market Value Proportion 38.28%
market value $ 2,460.08 x 100 million
24 hour increase -1.08%
Computing power 271.77 EH/s
daily output 0.00000320 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.

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LTC
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Issue amount 84000000
24 hours volume 25.12M
24 hours turnover $ 1.75B
Market Direction Short
Swap Rate 35.10%
Market Value Proportion 0.46%
market value $ 41.67 x 100 million
24 hour increase -2.51%
Computing power 621.99 EH/s
daily output 0.00001078 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.

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BCH
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Issue amount 21000000
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Market Direction Short
Swap Rate 13.63%
Market Value Proportion 0.21%
market value $ 14.39 x 100 million
24 hour increase -1.57%
Computing power 1.57 EH/s
daily output 0.00055553 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
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Issue amount 2000000000
24 hours volume 102.82M
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Market Direction Short
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Market Value Proportion 0.17%
market value $ 12.21 x 100 million
24 hour increase -5.92%
Computing power 18.70EiB
daily output 0.01340729 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
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Issue amount 21410000
24 hours volume 81.28K
24 hours turnover $ 2.62M
Market Direction Short
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Market Value Proportion 0.00%
market value $ 4.85 x 100 million
24 hour increase -1.82%
Computing power 14912.60839843 PiB
daily output 0.00032844 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
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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 $ 25.43 x 100 million
24 hour increase -4.25%
Computing power 128.89 TH/s
daily output 0.00012729 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.

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