-0.03%
-1.62%
+0.47%
+0.12%
-0.31%
-0.81%
2022-01-15 15:14
The hard days are over, hidden Chinese miners have to find overseas mines
It is widely acknowledged that most of the Bitcoin miners in China have been forced to shut down due to the severe policy made by the Chinese government.
However, according to CNBC reports, as many as 20% of Bitcoin miners in the world still remain in China with a more covert mining method. Although this share is far below the peak of 65% to 75%, it is still way higher than the official estimate made by the University of Cambridge that China’s current share is 0%.
As a result of the policy crackdown, many of China's big miners have chosen to go to Kazakhstan, Canada, the United States and other places to dig. However, supply chain and transport bottlenecks caused by the COVID pandemic have made it difficult for small and medium-sized miners with limited disposable funds and international resources to relocate. As of November, China still had an average of more than 100,000 cryptographic mining IP addresses active every day, mostly in Guangdong, Jiangsu, Zhejiang and Shandong provinces, data showed.
But mining in China cannot last long after all, because the hard days have passed, and these underground miners are largely dependent on off-grid small hydroelectric power plants. In the past, as the dam dried up, Chinese mining unions moved to Xinjiang and Inner Mongolia to use coal and electricity for mining, but now they must transport the equipment overseas and find a suitable mine for hosting.
LLGO's mines in Canada and the United States are still being expanded to meet the needs of miners around the world. What calls for special attention is that due to policy, mining platforms cannot provide services for users in mainland China.
For miners, the best way is to set up their own mines for mining. However, most of the small and medium size miners do not have enough funds to invest in the construction of mines, nor do they have complete international resource channels. At present, the LLGO mine construction project is under construction, and small and medium size miners can still own their mines by claiming equity.
Please contact us If you are interested in mine co-construction.
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 | $ 6,680.21 x 100 million |
24 hour increase | -0.03% |
Computing power | 670.28 EH/s |
daily output | 0.00000068 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% |
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 | $ 27.96 x 100 million |
24 hour increase | -1.62% |
Computing power | 997.57 TH/s |
daily output | 0.00000348 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% |
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 | $ 35.74 x 100 million |
24 hour increase | 0.47% |
Computing power | 3.70 EH/s |
daily output | 0.00012667 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% |
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 | $ 37.65 x 100 million |
24 hour increase | 0.12% |
Computing power | 22.63EiB |
daily output | 0.00409032 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% |
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 | $ 2.31 x 100 million |
24 hour increase | -0.31% |
Computing power | 14912.60839843 PiB |
daily output | 0.00020543 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% |
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 | $ 20.05 x 100 million |
24 hour increase | -0.81% |
Computing power | 190.15 TH/s |
daily output | 0.00006903 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% |