The market is down and production is approaching. How long will the mining winter continue?

In February, the total market value of crypto markets and mainstream crypto token prices were in a downward trend. Affected by this, the recent mining profitability has dropped significantly compared to January, and the heat of the mining industry has declined.

Affected by the general decline in the price of tokens and the coming date of the mainstream mining tokens' production cuts, some miners are on the sidelines, leading to a decline in the computing power of the entire network this month.

In addition, the decline in the price of the token has also led to the extension of the static return period of mining machines and the reduction in mining lease mining revenue.

There are many types of products in the cloud computing market, and there are various forms of purchase. Among the mainstream cloud computing products, at the current BTC price, the BitDeer S17Pro series with a term of 360 days has the highest net profit per unit computing power.

In terms of mining hotspots, Kraken released a report that halving BTC will cost the global mining industry $ 3.1 billion in annual revenue; Ethereum core developers agree on the realization of ProgPoW, which is tentatively scheduled for July; Chinese consortium plans to purchase the largest in Latin America BTC mining site.

Tongtongtong Research has launched a series of monthly mining reports, which show the current status and monthly changes of the mining market through data analysis. This report mainly includes the contents of the token price, computing power, mining difficulty, mining machine market, mining pool computing power distribution, and cloud computing power market in the mining industry.

We will continue to update Blocking; if you have any questions or suggestions, please contact us!

Share:

Was this article helpful?

93 out of 132 found this helpful

Discover more

Blockchain

Hilariously Hot Crypto Drama: FTX and Genesis Global Trading Settle for a Cool $175 Million

Bankruptcy Court Approves $175 Million Settlement between Cryptocurrency Companies FTX and Genesis in New York

Blockchain

The money was not earned, and the head was almost bald: interview with the boss of the startup exchange

Currently, one of the most profitable industries in the cryptocurrency sector is the exchange. According to The Block...

Blockchain

When the PoS gold rush era is opened, who will become the next bit continent?

background The first generation of cryptocurrency bitcoin, which brought the necessary changes to our world, and the ...

Market

FTX Latest Debt and Asset Summary How much money is owed and how much debt can be repaid?

Wu said the author | Cat Brother this issue editor | According to the latest court documents on September 10th, as of...

Policy

🚀 FTX Claims Reach for the Sky: AI Investments Boost Recovery Potential

FTX's investment in AI companies has significantly increased their potential recovery during their bankruptcy procedu...

Blockchain

6 pictures tell you about the development status of the Asian cryptocurrency market

Author: cryptanalysis CoinGecko company co-founder Bobby Ong translation: block rhythm BlockBeats-HQ Recently, at the...