BTC
$22724.42

+0.08%

BTC
URL bitcoin.org
$ 22724.42
Market Value $ 4,765.51 million
Change +0.08%
power 288.41 EH/s
Daily output 0.00000320 BTC / T
Halve 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.

+116.38%
DCR
$22.9478

0.00%

DCR
URL decred.org
$ 22.9478
Market Value $ 4.81 million
Change 0.00%
power 77.72 PH/s
Daily output 0.00000390 DCR / G
Halve 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.

-88.68%
LTC
$95.58

+0.04%

LTC
URL litecoin.com
$ 95.58
Market Value $ 80.51 million
Change +0.04%
power 741.37 TH/s
Daily output 0.00001044 LTC / M
Halve 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.

+41.53%
BCH
$130.68

-0.08%

BCH
URL bitcoincash.org
$ 130.68
Market Value $ 27.45 million
Change -0.08%
power 1.59 EH/s
Daily output 0.00055725 BCH / T
Halve 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.

-80.91%
ZEC
$43.15

-0.12%

ZEC
URL z.cash
$ 43.15
Market Value $ 9.07 million
Change -0.12%
power 8.97 GH/s
Daily output 0.00027006 ZEC / K
Halve 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.

+49.00%
DASH
$61.64

-0.16%

DASH
URL dash.org
$ 61.64
Market Value $ 11.65 million
Change -0.16%
power 2.18 PH/s
Daily output 0.00024498 DASH / G
Halve 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.

-61.75%
ETC
$22.0366

-0.22%

ETC
$ 22.0366
Market Value $ 46.55 million
Change -0.22%
power 132.45 TH/s
Daily output 0.00012355 ETC / M
Halve 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.

-26.86%

RHY.com all

Your Location: Home > News > Details

Is the "mining" business going to cool down?

2021-06-04 18:01

Since May, China has intensively introduced policies to combat cryptocurrency mining. Bitcoin prices have plummeted and HashRate has declined, which has significantly affected the income of miners. On June 2, the Sichuan Regulatory Office of the National Energy Administration held a symposium on "virtual currency" research. This symposium became the focus of the crypto industry. As of the time of posting, the official results of this symposium have not yet been posted, and there is still a string hanging in the hearts of Chinese mine owners.

To a certain extent, compared to chasing ups and downs in the secondary market, mining is a lucrative business that “lays and wins”. However, due to regulatory issues, the income of miners has been significantly affected. Moreover, because the current currency price is still at a high level, even if the price plummets, it will only reduce income and the profitability of mining by miners is still very high.

The most important thing is that many miners can no longer mine. BTC.com data shows that since May 13, the average HashRate of the entire Bitcoin network has dropped from 179.25 EH/s to 150.48 EH/s; the difficulty of the entire network has dropped from 25.05 T to 21.05 T, a decrease of more than 15%; On June 4th, the computing power of many major mining pools was declining; Antpool dropped by 6.71%, 1THash dropped by 3.31%, and BTC.TOP dropped by more than 15%.

In other words, when the bull market continues, many miners cannot participate in mining to obtain profits due to problems such as mine closures and power outages. Nowadays, some large mining companies have begun to seek overseas mining. Relatively speaking, the miners at the RHY mine are better off, because RHY has invested and constructed 27 blockchain data centers in Eastern Europe, the United States, Canada, and China, with a power supply scale of more than 600MW. Even if the current situation in China is not good, mining can still be done normally in Eastern Europe, the United States, and Canada.

Mining is a new way of making wealth, and even a more stable investment method than speculation. As long as the price of the currency does not fall so badly that it is lower than the cost, then mining will always be profitable. Moreover, the mining time is long, and a mining machine can always go through several rounds of bull market. If you want to mine, you can consult with the customer service of the RHY platform.

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