company news about Can digital currency mining still make money?

People in the currency circle are mining all the time. At the beginning, mining refers to Bitcoin. With the skyrocketing price of Bitcoin, mining can also be done by computers, and finally professional mining machines. Mining costs are also rising steadily. With the rapid development of blockchain applications, there are more and more projects involving mining. Mining does not consume as much resources as Bitcoin. You can download the APP with a computer or mobile phone to carry out so-called mining. So, can digital currency mining still make money? What is its return on investment? Below, let’s take a look.

Can digital currency mining still make money?

Mining can make money, but how much you can earn depends on the situation. Bitcoin mining has always been a popular topic in recent years. Recently, when the price of Bitcoin is rising, many miners are competing to buy ants Bitcoin mining machines such as mining machines, Avalon, and Shenma mining machines. Therefore, we take Bitcoin as an example. According to the specific detection of netizens, the daily profit is about 60 yuan, and the price of Bitcoin changes in real time. In the future, the daily profit may be higher or lower than it is now. It is worth noting that Bitcoin mining is not a business that only makes money but does not lose money. The mining machines that broke out last year were sold by the catty. It was precisely because of the sharp drop in the price of Bitcoin that the miners’ mining profits could not cover their costs, and they were forced to sell their mines. machine. First of all, you need to know the key parameters such as mining machine price, computing power, power consumption and electricity cost, and you can use the mining calculator to calculate the mining profit. Therefore, the probability of a Bitcoin miner mining Bitcoin depends on the ratio of the computing power he owns to the computing power of the entire network. Therefore, whether Bitcoin mining can make money depends not only on the profitability of mining, including the number of Bitcoins mined and the price of Bitcoin, but also on the cost of mining. It includes the cost of the mining machine, the computing power of the mining machine, power consumption, electricity and other operating costs, etc., especially the mining electricity fee, which is why miners gather in Sichuan mines to deploy mining machines during the high water season. How much money can be earned also varies from person to person, some people earn more and some people earn less.

What is the return on investment of digital currency mining?

Digital currency mining has experienced the era of CPU, FGPA, GPU, and ASIC mining, and emerging forces such as CDN mining and IPFS mining have also emerged. The field is undergoing rounds of evolution. With the continuous iteration of technology in the mining field, the safe and stable underlying construction in the mining field has attracted the trust and participation of many customers. After the 3.12 black swan incident, the mining industry has entered a high-speed recovery channel. It has not only completed industrial restoration, but also continued to Showing an upward breakthrough trend, miners also experienced quite substantial profits in it.

What is the return on investment of digital currency mining?

So, for the more common mining machine manufacturers currently on the market, what is the profit of using their mining machines for investment mining?

The following mining methods such as BTC mining, ETH mining, LTC mining, and FILcoin mining are used to calculate the return on investment and the payback cycle.

1. BTC (Bitcoin) mining

Bitcoin is a P2P encrypted digital currency proposed by Satoshi Nakamoto. The total amount of Bitcoin has a 4-year halving rule. At present, a bitcoin is divided into 8 decimal places based on the current algorithm design, which is 0.00000001BTC, and the smallest unit of bitcoin dug out by miners is 0.00000001BTC.

BTC enjoys the title of “gold” of digital currency. Generally, BTC mining machines include Antminer S19, Antman T19, Whatsminer M31S, Whatsminer M20S, Avalon 1146, Ebit E12, Jaguar F5M and other mining machines. According to the above mining machines Only calculate the input cost and benefit cycle for some models:

Return on Investment of BTC (Bitcoin) Mining

2. ETH (Ethereum) mining

Ethereum (Ethereum) is an innovation that applies some technologies and concepts in Bitcoin to the computing industry. It uses many blockchain applications similar to Bitcoin and a P2P network operation and maintenance of an interoperable computing platform. This platform can Flexible and secure operation of any program customers want, more compatibility. The following table is the long-term investment table for ETH mining:

Return on Investment of ETH (Ethereum) Mining

3. LTC (Litecoin) mining

Litecoin is a network currency based on “peer-to-peer” technology, and it is also an open source project under the MIT/X11 license. Litecoin is an improved version of digital currency inspired by Bitcoin. It tries to improve the defects that Bitcoin has shown before, such as slow transaction confirmation, less total limit, and the emergence of large mining pools caused by the proof-of-work system. Wait for the SHA256 algorithm. The following table is the long-term investment table for LTC mining:

Return on Investment of LTC (Litecoin) Mining

4. Filecoin mining

Filecoin is a distributed system network based on the IPFS protocol, which ensures distributed storage of data and is not restricted by centralized Internet companies. On October 15th, the Filecoin mainnet was finally released and became a market hotspot.

Filecoin brings profits to honest miners through block rewards and service charges. At the same time, it also encourages miners to provide high-quality services through the pledge and confiscation system. It has three profit methods, storage profit (providing memory space), retrieval profit (providing retrieval service, bandwidth), and block reward (packing blocks).

The filecoin block reward has been halved for 6 years, and during the test period, 4 million coins were distributed to miners on the network, which aroused the interest of miners in mining.

Effective storage of Filecoin mining information in the entire network: 0.876EiB Current new block: 231287 Current block generation time: 30.6s Number of active miners: 669 New block rewards: 12.8004FIL Theoretical total daily output: 175454FIL Daily theoretical profit: about 0.19FIL /T/Tianxia table is the long-term investment table for FILcoin mining:

Speaking of this, I believe everyone has a certain understanding of whether digital currency mining can still make money, and its return on investment. In general, mining has economic benefits, which means that everyone is investing—obtaining more currency through mining. In the long run, as Bitcoin is more and more accepted and recognized, the mining industry will It is a profitable business, so it has economic benefits. In addition, mining is an anti-risk strategy. The mining industry can often resist declines and risks, reduce our trading behavior, and thus ensure the accumulation of wealth, especially for those who have just entered the currency circle For Xiaobai, mining is far better than speculating in coins. Of course, if you don’t understand the digital currency market, the editor recommends that all investors enter the circle cautiously, whether it is the mining circle or the currency circle.