1. PixelPlaygroundHome
  2. Metaverse Insights

What does it mean to cut mining power (how do miners cut mining power)?

• Metaverse Insights • 162 views

What does it mean to cut mining power? What is the term for cutting mining powe

What does it mean to cut mining power (how do miners cut mining power)?

What does it mean to cut mining power? What is the term for cutting mining power in mining machines? Simply put, it refers to the combination of the number of coins mined and the hash value of Bitcoin. According to statistical research on computer networks, Bitcoin is one of the oldest and most valuable technologies in the world. Its total market value exceeds one trillion dollars globally, but its price is about 70% – 80% higher than what most people believe.

So how do we determine the actual economic operation of a cryptocurrency and whether the mined Bitcoin is sustainable? Does cutting mining power mean generating profits from mined Bitcoin as “digital gold”? Without this method, the price of the investment product would be affected.

How do miners cut mining power?

Miners purchase mining machines to mine, and they need to consider factors such as suitable mining power, coin price, and electricity costs to cut through the Bitcoin network.

Specifically, depending on the ranking of mining pools, different algorithms can vary greatly in different situations. If we switch mining power according to the difficulty index curve, the profit will be maximized but lower. If we optimize the expected results of the overall network hash rate or adjust the block reward halving cycle (which can be understood as the current situation), the profit will be smaller (for example, around 10W/T, much less than the computers used by ordinary people).

Therefore, for those who are not familiar with the technology, it is recommended to refer to the tutorial in the following text: how to calculate the total value of mining power?

Firstly, understand the hardware configuration of the mining machine. Generally, we classify devices into three categories.

1. CPU: mainly used for processing the working mode of GPU-specific ASIC miners. The second category is the motherboard. The third category is the operation method of the software embedded in the motherboard. The fourth type is smartphones. The fifth category is the operating system of personal computers. The sixth category includes other types of applications, such as cryptocurrency trading platforms.

This article and pictures are from the Internet and do not represent Fpips's position. If you infringe, please contact us to delete:https://www.fpips.com/24987/

It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.

Like (0)
Previous 08/19/2023 04:14
Next 08/19/2023 04:36

Recommended articles