How powerful is halving the market? Let's take a look first. The growth rate of the four major halving coins since 2020 has been in US dollars.
BTC rose from 6871 to 10270, an increase of about 50%. BCH rose from 191 to 471, an increase of about 147%. BSV rose from 92 to 374, an increase of about 300%. ETC rose from 4.16 to 12.15, an increase of about 200%.
Let's take a look at the performance of the second-tier team.
DASH, rose from 40 to 132, an increase of about 230%. ZEC, rose from 27 to 74, an increase of about 174%. XZC rose from 2.76 to 8.24, an increase of about 198%.
At the beginning of January, the above 7 cryptocurrencies were considered to be halved to 7 major currencies, which are also widely known by practitioners.
Then, in the past 2 months, the halving coins have sprung up like mushrooms, among which there are some well-known small mining coins, such as ZEN, Beam, XZC. There are also some very niche coins that have been halved. According to the data provided by the bull circle, at present, there are at least 22 types of halved coins.
Decrease half a year in 2020, is this a wealth game destined to be crazy or a wealth trap? How will it affect the entire market?
Halving the market agitates computing power, BTC is still the king
Halving the currency, so far, ETC is the most dazzling star. From the perspective of computing power, the computing power of ETC increased from 12T at the beginning of the year to 19.75T on January 30 and pulled back to 15.81T on February 10. QKL123 data shows that ETC hashing power has hit its historical peak.
What about ETH? QKL123 data show that its computing power has risen from 128T to 160.4T on February 10th in 2020. But the historical high of ETH is 293T in 2018.
Judging from this data, there has not been a surge in ETC prices and large-scale migration of ETH computing power to ETC.
However, the mining revenue rankings jointly released by MATPool and Niubiyuan show that the daily theoretical revenue of some GPU miners is higher than ETH. Why don't ETH miners go to ETC mining? MATPool mining pool operation Xia Lianchen said that the difference between the two is actually very small, and big miners are still basically mining ETH.
This shows from the miner level that they are more optimistic about ETH.
If you look at the three major halving coins, the data from the official website of Yinxian shows that for every T daily income, BSV> BCH> BTC, but the differences are small, namely 1.23 yuan, 1.19 yuan, and 1.18 yuan.
By reason, Bitcoin's computing power should migrate to the other two currencies. In fact, the same is true. In the past two months, the computing power of BCH has increased from 2.8E to 4.83E, an increase of about 72%. BSV rose from 1.26E to 3.92E, an increase of about 210%. The computing power of the entire network of BTC has fluctuated by about 10E in the past two months, and the total amount has stabilized around 110E. It can be seen that the growth of BCH and BSV computing power is significantly larger than that of BTC.
However, the amount of this power transfer is very small. Perhaps, just as ETC cannot attract ETH hash power, miners still use hash power to stand on BTC, and BTC is still the only king.
Small coins come out of the rivers and lakes, how many do you know about 22 kinds of halving coins?
Small mining coins refer to those PoW consensus currencies that require mining machines to mine. They often have a short launch time, low market value, low attention, lack of mainstream exchange support, and poor trading depth. They often get into the public eye because of extremely alarming increases. Including well-known small currencies such as Grin, Beam, CKB, but also like AXE, IMG, QWC, Sero, etc.
In short, small coins often have some characteristics and selling points, and their crazy and stimulating price fluctuations interpret the legendary stories of digital currency rivers and lakes, overnight riches, or nine deaths. They concentrated their efforts in the second half of 2019, almost like a gust of wind, and soon fell collectively. However, in early 2020, they are back! Moreover, many of them are halved coins.
Including Sero, AE, IOTE, etc., the price increase is exaggerated, and the privacy currency like Beam is also 100%.
Take Sero as an example. This mining coin under the name of "Anonymous Ethereum" claims that the TPS can reach billions. It has soared from 0.072 USD to 0.642 USD within a week, and then slowly dropped to 0.036 USD. The person was "buried". However, on December 30, 2019, Sero surged 100% in a single day, and it has now reached $ 0.1274.
At present, according to the data of the bull currency circle, the number of halved coins has reached 22, and most of them need to be mined with GPU miners.
Halving is a digital currency distribution model that started with Bitcoin. Today, it has been labeled as "halving = bull engine".
One person learned that the chicken and dog are ascending to the sky. With the promotion of the mainstream halving of the currency, the investment of halving the small mining coin is almost ready to move. Moreover, it is not ruled out that there are some small coins. In order to hitchhiking, they have labeled themselves "half".
Halving small coins is becoming a new concept.
Investing in small coins, is it rich or is it a lifetime?
Currently, of the 22 currencies listed above, 12 have a market value of less than 10 million, and 6 have less than a million. The market value is not high, which may mean that it is easy to control the disk and the price is more susceptible to large households. What is more interesting is that some small coins have low production, support for exchanges, and even require OTC transactions.
According to the miners, they are unlikely to mine small coins for a long time unless they are particularly bullish. And this is probably one of the biggest risks of small currencies.
In an interview with Babbitt, the founder of Niubi Circle said that small miner miners have no loyalty and dig it out and sell it. Once the market value management and the mass foundation are not in place, the purchase order cannot accept the sell order, the price may continue to fall, so vicious Cycle, once the mining has no profit, the miners retreat, the currency outcome may be miserable.
At present, due to the blood-sucking effect of mainstream mining coins before halving, the computing power of graphics cards is more inclined to migrate to mainstream mining coins, which also adds more uncertain factors to small mining coins.
More importantly, these small mining coins are not like mainstream currencies. It is difficult for you to find out the technical team behind them. It is like a time bomb and I do not know when it will detonate.
However, some people have analyzed that as Ethereum enters the 2.0 era, a large amount of GPU computing power may gradually be moved out. At that time, some small mining coins may benefit from this.
I have to say that ten years ago, Bitcoin was also a small mining coin, but today, the endless stream of small mining coins is swimming in the digital currency's rivers and lakes with various unique functions. Whether it is mining or secondary market investment, what do you think of it? Like a gambling game, maybe it's the next bitcoin, maybe it's nothing, most of the probability will be fleeting, and small coins are very risky. Investors and miners need to be cautious to participate.