Why do retail investors suffer losses in mining (why mining returns quickly but does not make money)

Why are retail mining losses? Why are retail mining losses Halving Bitcoin is one of the most concerning things for ordinary people, and it is also a topic that everyone is most concerned about in the bull market. Among the hot spots in the currency circle are Bitcoin, Ethereum and various tokens, and even some other digital currency projects are also called “cryptopunk”. So what exactly is an encrypted community? Today we will talk about this issue

First of all, we should know that Cryptocurrency is a form of asset – a commodity or service that can be traded. Its value depends on the price behind it, or whether a virtual product is held by users. When the price of an investment target exceeds a certain amount, investors need to transfer their investment target to the corresponding platform and carry out investment operations. If you want to achieve higher returns, you must purchase lower cost tokens (such as BTC) before continuing to participate. In this way, there is no need to take any risks; On the contrary, you can raise funds and earn profits from the market through various means, without relying on third parties such as exchanges to provide information. So, many investors want to make more money, but in reality, they don’t want all their money to flow to those without security; Because such investors will only invest these funds into their investment portfolio and will not incur significant losses; And they are often unwilling to spend expensive capital expenditures to make up for losses; Therefore, most people only use their money to pay for short-term benefits For most ordinary investors, to understand this concept, it is necessary to understand the operating mode of the industry and its related risks and hidden dangers, in order to better understand its importance. At the same time, it is also necessary to have a correct understanding of the current development status of the industry, do well in risk control, and raise risk awareness How to view blockchain

Many people believe that blockchain technology is a huge foam, but this is not the case. People’s general understanding of blockchain technology has been a bit chaotic for a long time: both traditional financial institutions and listed companies have done a lot of research before discovering that blockchain is actually a very important infrastructure that solves the problems of internet applications. There are many things worth learning and exploring in this field. How to make blockchain easier to implement

Why mining returns quickly but does not make money

Editor’s note: This article is from Wind and fire wheels Community (ID: FHBT18), and the author is Peipei. Odaily Planet Daily has been authorized to reprint it Hello everyone, I’m Pepe. This coin has been rising too much recently. However, some friends have discovered a problem, which is why mining returns quickly but does not make money? This is not a new thing, it’s just that I’ve seen many friends ask this question before: ‘How come people who haven’t made money come to buy it’! In fact, to be honest, I feel the same about this phenomenon, because I think it is a normal situation, but many people also have different views:

First of all, the mainstream currencies in the market are constantly rising, and these increases are somewhat similar to the price trend of Bitcoin and Ethereum. For example, a large number of imitations appeared in major exchanges earlier this year, including the counterfeit currencies such as BTC and ETH that were just opened yesterday, which directly broke the $10000 mark; The second point is that current counterfeit tokens are relatively cheap, especially for most veteran players, they have basically no risk So is there another possibility? That must be a problem. If you really want to invest in some high market value but don’t make money, then you need to consider more funds. After all, this market is also a very early stage trend. As long as you can allocate a portion of assets from a project, may you get better returns later on? Or at least one long-term held coin can continue to be stored here So today I’m going to talk about something like this – “Why are you hyping up overnight wealth with Bitcoin?” When you have to spend tens of thousands of dollars every day, suddenly you feel like you have enough money to speculate and mine. Of course, many people want to know what benefits this news will bring to the entire Cryptocurrency industry. “Now the maximum price of Bitcoin is close to $48000. You can see the value of your digital currency, its volatility, and the current market price of Bitcoin is between 39000-40000.”

There is a big loophole in this, called the flash loan attack Generally speaking, flash loans are used to manipulate the token price of a certain project, creating a large number of false chips through various means and smashing the market, ultimately using these profit-making investors to turn their own profits into someone else’s money If you are not aware of such an operation method, you can also find other ways to solve this problem To give a few examples:

1) First transfer Bitcoin to the exchange, then deposit it into the contract address (0x000000000219ab540356bba00d71db7fa5e9f0bd6badfda), wait for 10 minutes to retrieve it (approximately November 24th), and then transfer it back to the platform (i.e. it was in a locked position at the time) after 15 days of retrieval. Once you enter the system, the corresponding balance will be automatically calculated. At this point, there are 100 Bitcoins in your account, which will be recovered in the manner of 1BTC=1ETH After 10 minutes, when the transaction occurs, the number of coins in your account exceeds 100 million After about 30 minutes,