What is worth digging (what coins are worth digging for with high returns)

What is worth digging for and what is worth digging for

Bitcoin is a store of value, but it does not have the characteristics of currency, Scarcity and stability. It can serve as a medium of exchange or commodity for transactions, as well as a means of payment or financial products for daily purchases and circulation The price of Bitcoin fluctuates greatly, therefore there is also speculative behavior; The decline in Bitcoin prices will cause investors to waver in their faith in it; When there is no consensus on a global basis for Bitcoin, its price will also rise accordingly So if Bitcoin is a massive system, it is based on blockchain technology and has the potential to become a digital asset; But this does not represent the future values and vision of this system, but rather Bitcoin will always operate in a highly sovereign manner; More importantly, the rise of decentralized protocols in the Ethereum network provides the possibility for the development of the encryption ecology represented by it; And Bitcoin is also an open source project, where anyone can create decentralized DApps for free and run them; Due to its unique advantages and irreplaceable nature, Bitcoin can not only be widely adopted by developers and has its own independent community and economic model to maintain its value, but also allows more ordinary users to participate and benefit from it; In addition, there are some other factors to consider:

1. The currency price continues to decline The current block size of Bitcoin has exceeded 10M, with only a few hundred nodes from its peak in 2017 There are still many issues with “miner fees”, such as high computing power costs, high mining pool costs, and abundant power resources 3. Mining risks are relatively high 4. The return on investment is relatively low (such as BTC), as the market is relatively cold and prone to extreme market conditions; In addition, it is difficult to buy a large number of mainstream currencies (such as LTC) in a bear market 5. Insufficient working capital on the exchange: Many counterfeit currencies cannot support long-term growth, and once there is a surge, there is a risk of clearing or even closing positions. These are all one of the reasons for this situation. In addition, various recent ‘Black Swan events’ have had a significant negative impact on the entire industry, which is very difficult for investors

Digging what currency yields high returns

Recently, the price of the currency has risen, and many people are starting to look for investment targets with higher returns and lower mining risks.

. According to relevant statistics, the number of people investing in Cryptocurrency has increased more than five times in the past 30 days, with BTC (660000) and ETH (310000) ranking top five. From this number, the current highest price of Bitcoin is around $37000 So, how do you choose the appropriate price? What kind of coin should I dig? Let Planet Lord take everyone to take a look together. 1. What is coin digging? Digging what coins can earn high income. For example, Bitcoin and Ethereum, two mainstream assets, are both projects to extract new tokens. 2. Which mining machines are good for digging? Which coin is easy to make money by digging? In addition to Bitcoin, there are various popular currencies, including Litecoin, Monero, etc. These tokens belong to the “Big Brother”, so how much money can they earn? 3、 What coins are the best to dig? 4、 What is the amount that a coin would increase to if it had value. So let’s first take a look at some common “shanzhai”. Firstly, Bitcoin plummeted after reaching its peak in December last year, reaching around $3000 at its lowest point. Then, as Bitcoin entered the bull market, Ethereum also experienced some twists and turns. Since July this year, Ethereum has plummeted to below $2000, and now it has returned to around $1000, but it can still continue, and its price is still rising. In addition, since the beginning of this year, Ethereum has also retreated to $1200-1400, although it still has a certain increase In addition, Ethereum Classics is also a hot topic of great concern. According to data from OKLink, as of 18:24 today, the entire network computing power of Ethereum Classic has reached 91.28TH/s, with a total pledge volume exceeding 600 million US dollars, setting a new historical high. It is worth noting that the current Ethereum Classic network produces an average of 2 blocks (approximately 4 hours) per THash per day of mining. The most representative of the “copycat” type is the Ethereal Classic, which was once called the “father of the Lightning Network”. However, due to the market being in a state of bearish recovery at that time, its computing power decreased. In the second half of 2019, this technology has gradually developed into an emerging technology, and has attracted more and more attention from investors. The “copycat” field also has its own unicorn – Litecoin. In contrast, one year after Ethereum 2.0 phase 0 tested the online line, the daily cost of Wright Cash Network was up to $100000, while the previous halving event consumed a lot of energy in the whole process. However, even so, this situation has not changed In summary, for ordinary users, any mining product has a high return rate, as most people still focus on other currencies instead of directly purchasing counterfeit coins for mining as before. Therefore, what currency does digging yield higher returns?