Considering that the power of the whole network has dropped by 50%, the difficulty of digging remains low, and the beef industry is still there. It's possible?

Considering the current situation, it is very good that the price of Bitcoin can be stable, but many traders are still looking forward to a short time in the market.

In May, the mining count of the entire Bitcoin network peaked at 190E, and due to the ban on internal mining, the count of the entire Bitcoin network fell to 90E. see below

The mining difficulties have also had many setbacks.

See below.

Mining computing power is an important parameter that indicates the value of bitcoin, the higher the value of bitcoin, the higher the cost, the higher mining energy, the faster cost and the higher cost, the higher mining power than what follows. faster.

A similar situation occurred when Bitcoin Money was forked in 2017 in Bitcoin mining history. Given the sudden drop in the power of the entire network, it takes time for hard mining to rise to the appropriate value, and the miners who were continuing to mine my coin on the bitcoin chain at that time have suffered a lot of damage.

For now, Energy and Hardness will be difficult to recover in the short term.

Therefore, the hard mining of Bitcoin reflects the actual mining problem of miners, and the calculation of the strength of the entire network can be regarded as the performance of Bitcoin value.

Under normal circumstances, the prices and counting power of Bitcoin are equal and equal in value. Energy consumption has decreased, and energy and costs are calculated in the same way. This means that one of the two types of electricity costs and consumption should approximate the other.

Currently, it is not reliable to cause a 50% reduction in electricity bills in the short term, and the cost reduction is inaccurate.

From the perspective of the miner's mining difficulties, new power generation continues to increase as the cost increases, and the block network is constantly upgraded at an average of 10 minutes to complete a block project. When a 2016 block is added to the chain, the system monitors the actual time used to create the 2016 blocks, which typically takes around 2 weeks or 20160 minutes. If you exceed the sample time, the difficulty will decrease, if it is less than 2 weeks, the difficulty increases, and so on.

At present, the mining difficulty continues to decrease, and once the mining difficulty is adjusted to the appropriate coefficient, the current value means that the miners who are currently logged in get too much income. which further exacerbated the decline in Bitcoin's value.

Abstract: It is agreed that the current Chinese mining energy does not decline and existing costs are maintained, do not expect to increase in the short term. Do not stretch the position easily. If the energy balance and the difficulty of the operation are only stable and reversible, then, in the case of the livestock market, immediate action measures must be taken.