What does it mean that the overall network computing power of the mining pool has declined (mining machine network computing power)?
What does it mean that the overall network computing power of the mining pool
What does it mean that the overall network computing power of the mining pool has declined? What does it mean that the overall network computing power of the mining pool has declined? This is because the mining difficulty of Bitcoin reached a historical high in the past period. However, a sudden drop occurred around 6 o’clock this morning, causing the overall network computing power to rise to a certain level and then return to normal, so the entire coin price has also fallen back a lot.
In fact, everyone should know that the price of Bitcoin has fallen by more than half since September last year, and some friends are still waiting for it to rise! The current situation is that due to the continuous skyrocketing of Bitcoin prices and the new round of halving market, the growth rate of the overall network computing power of Bitcoin has slowed down, so the current total network computing power is still unchanged, that is to say, the overall network computing power has declined. (Wu Blockchain)
Mining machine network computing power
According to data from the Poolin mining pool, the current overall network computing power is about 91.02EH/s.
Bitcoin is currently fluctuating around $9,000. However, due to the large fluctuations in BTC prices, the mining machine will become unprofitable after mining ten thousand blocks, which leads to an increase in mining difficulty. At the same time, if the currency price falls or there are situations such as liquidation, it may trigger some uncertainties, such as the recent rise in the market, the correction of the market, and global market risk aversion. In addition, according to the latest report from the data company Antpool, as of May 14, 2018, the number of active addresses on the Ethereum network reached 10,770, setting a new historical high; and the trading volume of the top five cryptocurrency exchanges during the same period was $1.2 billion (excluding Coinbase).
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