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location Home > News > Details

What Is Bitcoin Mining? Why Mine Bitcoin?

2022-03-25 09:36

What Is Bitcoin Mining? Why Mine Bitcoin?

Bitcoin mining has become a global phenomenon, and the regulatory policies are also different. At present, many countries still welcome Bitcoin mining.

What Is Bitcoin Mining?

Bitcoin mining is an incentive process for recording data in the Bitcoin system. In the Bitcoin system, individual users use the CPU or GPU to perform hash operations. After calculating a specific hash value, they have the package block.

Why Mine Bitcoin?

Bitcoin mining refers to fighting for the right to bookkeeping and then getting Bitcoin rewards. Bitcoin is limited, and the system will conduct accounting every 10 minutes or so. Bitcoin mining needs to compete for the right to keep accounts in order to obtain rewards.

How difficult is Bitcoin mining?

Bitcoin mining difficulty is a measure of how easy it is to mine a block on the Bitcoin blockchain. As more and more miners mine Bitcoin, the rewards of Bitcoin mining become less and less, and the difficulty of Bitcoin mining becomes more and more difficult.

The vast majority of Bitcoin mining is done by industrial-scale actors who have access to extremely cheap electricity and benefit from economies of scale.

If you want to earn more bitcoins, you can cooperate with LLGO for bitcoin mining, because LLGO has cheap and large electricity resources, as well as large bitcoin mining farms, which can make bitcoin mining easier.

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Swap Rate 15.40%
Market Value Proportion 38.99%
market value $ 2,070.29 x 100 million
24 hour increase -1.88%
Computing power 230.95 EH/s
daily output 0.00000401 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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24 hour increase -2.11%
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.

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24 hour increase -1.98%
Computing power 467.75 TH/s
daily output 0.00001519 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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Computing power 2.30 PH/s
daily output 0.00027736 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.

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Computing power 84.88 PH/s
daily output 0.00000412 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.

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24 hour increase -7.05%
Computing power 9.77 GH/s
daily output 0.00027640 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.

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