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What is the best way to calculate profits (what kind of mines are better for making money)

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What is the best way to calculate profits (what kind of mines are better for making money)

What is the good profit calculation for digging? In traditional investment markets, many investments are overvalued. For the blockchain industry, they also need a more reasonable way to treat some digital assets such as Bitcoin and Ethereum. Mining is a relatively complex financial activity, but the more coins mined, the less risk it poses. For example, when you deposit Bitcoin in a bank account, it becomes a very insecure source of funds. Therefore, if someone wants to dig Cryptocurrency, they can choose to trade through the exchange (Coinex) So which currencies are better to mine? We can provide the answer through the following chart:

1. What is Bitcoin: Bitcoin is an open source project where anyone can create their own blockchain applications or software – just like developing a software

2. What is Ethereum Network? There are currently two types of tokens on the market: BTC, ETH, and LTC The first type is ETH: Ethereum’s ERC20 token, whose value lies in the smart contract language “Rust” used in the execution of smart contract code on the Ethernet chain. This programming language allows users to run Ethernet virtual machines on smart contracts. The second is Litecoin, which is a distributed ledger built on the Cosmos SDK. The third is DApp in Ethereum network, such as Tezos, EOS, NEO, etc. In fact, these DAPPs are built on Ethereum, and they all use smart contracts similar to ERC-20 protocol, but there are certain defects in them. For example, when the smart contract fails to work properly, it will cause serious performance problems for Ethereum Classic; DeFi does not have such a feature Another type of token is called Zcash, and its biggest feature is that it can support transactions of various types of digital assets, such as DEX such as Uniswap and Kyber. They can all be purchased using Bitcoin or used to pay interest or other expenses, but cannot be directly used for purchase. So this token is called Zcash, also known as ZEC, and it is also for the convenience of everyone to understand that as long as there is still a usable hard drive in the wallet, you can trade (Bitcoin), so that you can obtain more ZEC and continue to mine other tokens

What kind of mining is better for making money

According to the latest data from mining pools and fish ponds, the amount of Bitcoin mining in the past month has exceeded $600 million. With the rise of currency prices and the growth of computing power across the entire network, what mines are more profitable to mine? At present, the market mainly includes mainstream Cryptocurrency such as BTC, ETH, EOS and BCH. However, these digital assets are relatively small currencies with sharp price fluctuations, lower returns for ordinary investors, and higher investment risks. However, if higher returns can be obtained through mining, it should also be possible. (Wu Shuo Blockchain)

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