Bitcoin power curve analysis
Publish: 2021-05-22 20:29:09
1.
The following is the distribution chart of computing power:
the computing power of bitcoin is mainly controlled by some mine owners in the world, and the computing power of retail investors is very small, almost negligible. The computing power of China's mining pool even accounts for more than 80%, and China's voice is increasing
however, many digital currencies no longer need to be mined. Some digital currencies will be directly sent to investors through ICO, and Puyin is one of the representatives, but these digital currencies generally correspond to real assets
2.
Bitcoin bulls often mention that the scarcity value of this cryptocurrency is the main reason for its continued rise. Bitcoin is similar to gold to some extent. The growth of its supply is extremely slow, and it is still slowing down. Its total supply will only reach 21 million
with the increasing interest of institutional investors and retail investors in bitcoin, global exchanges such as the Chicago Board of options (CBOE) have launched bitcoin futures contracts. This is likely to encourage more institutional investors to invest in bitcoin, while at the same time further curbing the price volatility of bitcoin
this much anticipated bitcoin futures trading has been launched on the Chicago Board of options exchange, which represents a significant step in the legalization of cryptocurrency. Futures is a derivative / financial instrument, which can force dealers to buy and sell an asset at a specific time and price
3.
Mining has been successful, a total of one equipment (CPU mining, 4-core bar), computing power: 12.75 khash / S (generally abbreviated as KH / s)
KH / S is very rare, so is MH / s; Now the more common are GH / s, th / s, pH / s. The conversion rate is about 1p = 1000t = 1000g = 1000m = 1000K
now the basic unit is GH / s, and several hundred g mining machines are very common
[bitcoin mining machine]
bitcoin mining machine is a computer used to earn bitcoin. This kind of computer generally has professional mining chips, and works in the way of burning graphics card, which consumes a lot of power. It is one of the ways to get bitcoin that users download software from personal computer and then run specific algorithm to get corresponding bitcoin after communicating with remote server
the popular digital currencies in 2013 are bitcoin, Leyte coin, zeta coin, pennies (Internet), invisible gold bar, red coin, pole coin, barbecue coin and prime currency. At present, hundreds of digital currencies are issued all over the world
4. Bitcoin and bitcoin cash (BCH) have the same mining mechanism. Miners will choose whether to dig bitcoin or bitcoin cash according to the level of mining income. It is a normal phenomenon that bitcoin computing power increases and bitcoin cash computing power decreases
in short, it is a redistribution of computing power driven by interests.
in short, it is a redistribution of computing power driven by interests.
5. 1. It's bitcoin itself. This calculation process is the issue process of bitcoin. 2. For the above reasons, I think it can be understood as having no practical significance. 3. Are you talking about the number of money packages? That is the number of other clients you connect to (P2P after all), which is very important! This value must reach a certain level before the account can operate normally. Just keep it on.
6. How to use the three technical indicators to understand the rise and fall of bitcoin
coincola coying Cola
Global innovative digital asset trading platform
how to use the three technical indicators to understand the rise and fall of bitcoin
6 people agreed with the article
read it for you
4 minutes
recently, "bitcoin broke through $8000" has been on the hot search. For a while, bitcoin rose, reborn rose sharply, and Ethereum led the rise... A week later, this big play dominated by bitcoin didn't seem to come to an end, and the trading volume was once pushed up to 100 billion US dollars
in the investment world, "madness" and "fear" coexist. Today's "madness" stems from last year's long-term "fear". However, this time, coincola Cola Research Institute tracks and analyzes the technical indicators behind the rising market, and deconstructs the "passion" of the market with the "rationality" of data< (1) mining and bitcoin price
start with the relationship between mining and bitcoin. The core technology of bitcoin is "blockchain", which is connected by blocks. Each block corresponds to a bill. All transaction information and transfer records of bitcoin are recorded on the blockchain. Every other point in time, the bitcoin system will generate a random code on the system node. Due to distributed accounting, all computers on the Internet can search for the code. Whoever finds the code will generate a block and then get bitcoin. This process is mining. Calculating this random code requires a lot of GPU operations, so miners need to use mining machines with massive graphics cards to make profits
1. Bitcoin computing power: starting to pick up
remarks: June 2018-may 2019 bitcoin hash value
data source: bitcoin visual, coincola Research Institute
the above figure shows the bitcoin hash value. The hash value of the bitcoin network represents the computing power of the blockchain. The growth of computing power means that miners increase mining investment or increase the number of miners. Since the second half of 2018, the hash value has recovered from falling back to picking up, from 32eh / s at the end of the year to 50eh / s now, and the recent growth trend is remarkable. The continuous growth of bitcoin hash value (representing computing power) indicates that the market is optimistic about the future of bitcoin
2. Mining difficulty: stepped up
remarks: bitcoin difficulty from June 2018 to may 2019
data source: bitcoin visual, coincola Research Institute
the figure above shows bitcoin difficulty. Since 2019, the difficulty of bitcoin mining has increased in a step-by-step manner, from the low 5T to the current 7T. It can be seen that the rapid rise of bitcoin in this round has reced mining costs and increased market entry personnel. The increasing difficulty of mining means that there are profit opportunities in cryptocurrency market, and the market is generally optimistic< (2) the number of active addresses and transactions on the chain are important indicators reflecting the activity of cryptocurrency, which are highly correlated with the price of cryptocurrency
1. The number of active addresses on the bitcoin chain: a straight line rise
remarks: the number of active addresses on the bitcoin chain from June 2018 to may 2019
data source: coinmetrics, coincola Research Institute
active addresses refer to the addresses where transactions have taken place every day, that is, how many independent addresses conct transfer transactions on the chain every day. Since 2019, the number of active addresses on the bitcoin chain has been rising, especially in recent years. From 540.60143k in January to 832.592k now. It shows that the rapid growth of active users of cryptocurrency is a very positive signal for the market
2. The number of transactions on the bitcoin chain: continued to rise
remarks: the number of transactions on the bitcoin chain from June 2018 to may 2019
data source: bitinfo charts, coincola Research Institute
since 2019, the number of transactions on the bitcoin chain has continued to rise, from 235k in early 2019 to 374k now. Moreover, since April and may, after two rounds of sharp rise in the price of bitcoin, the number of transactions on the chain has remained at a high level, even showing signs of a short-term surge< (3) lightning network and bitcoin price
in essence, lightning network adds a layer to the basic layer of bitcoin blockchain in order to make the transaction fast and cheap. With the existence of lightning network, users can remit money to each other at any time and pay very little. Lightning network represents not only the technical level of bitcoin, but also the important basis of bitcoin value
1. Lightning network nodes: rapid growth
remarks: bitcoin lightning network nodes from January 2018 to may 2019
data source: bitinfo charts, coincola Research Institute
the test version of lightning network started on the bitcoin main network on March 15, 2018. The number of lightning network nodes was only 64 at the beginning of 2018 and increased to 2329 at the end of 2018. Since 2019, the number of lightning network nodes has increased rapidly, and now it has reached 4289. In less than half a year, the number of nodes has doubled. The continuous expansion of nodes indicates the continuous upgrading and development of bitcoin lightning network technology, which is an important indicator of bitcoin price
2. Lightning network capacity: speed up
remarks: bitcoin lightning network capacity from January 2018 to may 2019
data source: bitcoin visual, coincola Research Institute
the data above shows that as of May 15, 2019, bitcoin lightning network capacity has increased to 1039 BTC, equivalent to 833usd, while at the beginning of 2019, it is only 504btc, Lightning network capacity doubled, and the growth rate accelerated. This means that the expansion of bitcoin has been well solved in lightning network technology, which will help keep the payment channel active and effectively support the functional application of bitcoin
the performance of mining, chain trading and lightning network is closely related to the price of bitcoin. On the one hand, the rise of bitcoin price acts as a catalyst to stimulate its performance in mining, chain and lightning network; On the other hand, mining, chain trading and lightning network are the important cornerstone of bitcoin price trend and the important basis of bitcoin price expectation<
the right of the editor belongs to the author on May 21, 2019.
apply for reprint and share it with
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coy Cola
bitcoin
Mining
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Article 42 of Bibo... Agrees with
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coincola coying Cola
Global innovative digital asset trading platform
how to use the three technical indicators to understand the rise and fall of bitcoin
6 people agreed with the article
read it for you
4 minutes
recently, "bitcoin broke through $8000" has been on the hot search. For a while, bitcoin rose, reborn rose sharply, and Ethereum led the rise... A week later, this big play dominated by bitcoin didn't seem to come to an end, and the trading volume was once pushed up to 100 billion US dollars
in the investment world, "madness" and "fear" coexist. Today's "madness" stems from last year's long-term "fear". However, this time, coincola Cola Research Institute tracks and analyzes the technical indicators behind the rising market, and deconstructs the "passion" of the market with the "rationality" of data< (1) mining and bitcoin price
start with the relationship between mining and bitcoin. The core technology of bitcoin is "blockchain", which is connected by blocks. Each block corresponds to a bill. All transaction information and transfer records of bitcoin are recorded on the blockchain. Every other point in time, the bitcoin system will generate a random code on the system node. Due to distributed accounting, all computers on the Internet can search for the code. Whoever finds the code will generate a block and then get bitcoin. This process is mining. Calculating this random code requires a lot of GPU operations, so miners need to use mining machines with massive graphics cards to make profits
1. Bitcoin computing power: starting to pick up
remarks: June 2018-may 2019 bitcoin hash value
data source: bitcoin visual, coincola Research Institute
the above figure shows the bitcoin hash value. The hash value of the bitcoin network represents the computing power of the blockchain. The growth of computing power means that miners increase mining investment or increase the number of miners. Since the second half of 2018, the hash value has recovered from falling back to picking up, from 32eh / s at the end of the year to 50eh / s now, and the recent growth trend is remarkable. The continuous growth of bitcoin hash value (representing computing power) indicates that the market is optimistic about the future of bitcoin
2. Mining difficulty: stepped up
remarks: bitcoin difficulty from June 2018 to may 2019
data source: bitcoin visual, coincola Research Institute
the figure above shows bitcoin difficulty. Since 2019, the difficulty of bitcoin mining has increased in a step-by-step manner, from the low 5T to the current 7T. It can be seen that the rapid rise of bitcoin in this round has reced mining costs and increased market entry personnel. The increasing difficulty of mining means that there are profit opportunities in cryptocurrency market, and the market is generally optimistic< (2) the number of active addresses and transactions on the chain are important indicators reflecting the activity of cryptocurrency, which are highly correlated with the price of cryptocurrency
1. The number of active addresses on the bitcoin chain: a straight line rise
remarks: the number of active addresses on the bitcoin chain from June 2018 to may 2019
data source: coinmetrics, coincola Research Institute
active addresses refer to the addresses where transactions have taken place every day, that is, how many independent addresses conct transfer transactions on the chain every day. Since 2019, the number of active addresses on the bitcoin chain has been rising, especially in recent years. From 540.60143k in January to 832.592k now. It shows that the rapid growth of active users of cryptocurrency is a very positive signal for the market
2. The number of transactions on the bitcoin chain: continued to rise
remarks: the number of transactions on the bitcoin chain from June 2018 to may 2019
data source: bitinfo charts, coincola Research Institute
since 2019, the number of transactions on the bitcoin chain has continued to rise, from 235k in early 2019 to 374k now. Moreover, since April and may, after two rounds of sharp rise in the price of bitcoin, the number of transactions on the chain has remained at a high level, even showing signs of a short-term surge< (3) lightning network and bitcoin price
in essence, lightning network adds a layer to the basic layer of bitcoin blockchain in order to make the transaction fast and cheap. With the existence of lightning network, users can remit money to each other at any time and pay very little. Lightning network represents not only the technical level of bitcoin, but also the important basis of bitcoin value
1. Lightning network nodes: rapid growth
remarks: bitcoin lightning network nodes from January 2018 to may 2019
data source: bitinfo charts, coincola Research Institute
the test version of lightning network started on the bitcoin main network on March 15, 2018. The number of lightning network nodes was only 64 at the beginning of 2018 and increased to 2329 at the end of 2018. Since 2019, the number of lightning network nodes has increased rapidly, and now it has reached 4289. In less than half a year, the number of nodes has doubled. The continuous expansion of nodes indicates the continuous upgrading and development of bitcoin lightning network technology, which is an important indicator of bitcoin price
2. Lightning network capacity: speed up
remarks: bitcoin lightning network capacity from January 2018 to may 2019
data source: bitcoin visual, coincola Research Institute
the data above shows that as of May 15, 2019, bitcoin lightning network capacity has increased to 1039 BTC, equivalent to 833usd, while at the beginning of 2019, it is only 504btc, Lightning network capacity doubled, and the growth rate accelerated. This means that the expansion of bitcoin has been well solved in lightning network technology, which will help keep the payment channel active and effectively support the functional application of bitcoin
the performance of mining, chain trading and lightning network is closely related to the price of bitcoin. On the one hand, the rise of bitcoin price acts as a catalyst to stimulate its performance in mining, chain and lightning network; On the other hand, mining, chain trading and lightning network are the important cornerstone of bitcoin price trend and the important basis of bitcoin price expectation<
the right of the editor belongs to the author on May 21, 2019.
apply for reprint and share it with
&< br />< br />
coy Cola
bitcoin
Mining
comments
add comments...
recommended reading
Introction | what is mining< Bitcoin and blockchain are so popular that mining is no longer a new term. Many people agree with bitcoin's article. 123
understanding bitcoin mining in 3 minutes
many people outside the instry don't understand mining, such as hashing, fault tolerance, accounting, and blocking, and finally make a mining, It's all a mystery made by people in the instry. To write this short article is to elaborate several concepts, so that people outside the instry can quickly understand...
yuan Geng's article · 70 agrees with
a brief analysis of the top 20 virtual currencies
BTC bitcoin ranks first in market value, which is known as the "king of ten thousand coins", The article of "digital gold" real...
blockchain deposit · 15 agrees with
three minutes to understand what bitcoin is
1. The money we spend when we go to the center is issued by the national government, and the government and the law are all...
the article of up chain reference · 178 agrees with
what is bitcoin mining
coin 101 will use the most accurate, popular and concise language to introce the relevant basis of blockchain to you...
Dr. Yi's article · 8 agrees with
the difficulty and income calculation of bitcoin mining
foreword recently, we are very concerned about one thing, that is, after the BCC bifurcation, e to the difficulty adjustment and price rise, the miners in order to obtain higher income, He began to move to BCC for mining, but e to the influx of computing power, the next difficulty cycle will increase, and the miners will move to BTC again...
Article 42 of Bibo... Agrees with
the prediction about the collapse time of bitcoin
yesterday, he discussed bitcoin with people, and then suddenly found that the surge brought by the listing of futures may be the pit g by some big institutions, Bitcoin could collapse shortly after CME's CBOE listing. After the listing, the price will maintain a certain stability in a certain range
7. In January 2013, Avalon released the 60g / s miner specification and accepted the booking. In January 2013, Avalon delivered the world's first commercial bitcoin ASIC miner, and the core developer of bitcoin network, Jeff
garzik, was fortunate to be the owner of the first commercial ASIC miner.
the most difficult mining problem was 0, and the computing power was about 2p at the beginning of 2013, and now it has reached 100p
garzik, was fortunate to be the owner of the first commercial ASIC miner.
the most difficult mining problem was 0, and the computing power was about 2p at the beginning of 2013, and now it has reached 100p
8. The concept of bitcoin was first proposed by Nakamoto on November 1, 2008, and was officially born on January 3, 2009. According to the idea of Nakamoto, the open source software is designed and released, and the P2P network on it is constructed. Bitcoin is a virtual encrypted digital currency in the form of P2P. Point to point transmission means a decentralized payment system. Unlike all currencies, bitcoin does not rely on a specific currency institution to issue. It is generated by a large number of calculations based on a specific algorithm. Bitcoin economy uses a distributed database composed of many nodes in the whole P2P network to confirm and record all transactions, and uses cryptography design to ensure the security of all aspects of money circulation. The decentralized nature and algorithm of P2P can ensure that it is impossible to artificially manipulate the value of bitcoin through mass proction. The design based on cryptography can make bitcoin only be transferred or paid by the real owner. This also ensures the anonymity of money ownership and circulation transactions. The biggest difference between bitcoin and other virtual currencies is that the total amount of bitcoin is very limited and it has a strong scarcity
warm tips: according to the notice and announcement issued by the people's Bank of China and other departments, virtual currency is not issued by the monetary authority, does not have legal compensation and mandatory monetary attributes, is not a real currency, does not have the same legal status as currency, and cannot and should not be used as currency in the market, Citizens' investment and transaction of virtual currency are not protected by law
the above explanation is for reference only. Before investing, it is recommended that you first understand the risks existing in the project, and clearly understand the investors, investment institutions, chain activity and other information of the project, rather than blindly investing or mistakenly entering the capital market
investors should not use such information to replace their independent judgment or make decisions only based on such information, which does not constitute any investment operation
response time: January 12, 2021. Please refer to the official website of Ping An Bank for the latest business changes
[Ping An Bank I know] want to know more? Come and see "Ping An Bank I know" ~
https://b.pingan.com.cn/paim/iknow/index.html
warm tips: according to the notice and announcement issued by the people's Bank of China and other departments, virtual currency is not issued by the monetary authority, does not have legal compensation and mandatory monetary attributes, is not a real currency, does not have the same legal status as currency, and cannot and should not be used as currency in the market, Citizens' investment and transaction of virtual currency are not protected by law
the above explanation is for reference only. Before investing, it is recommended that you first understand the risks existing in the project, and clearly understand the investors, investment institutions, chain activity and other information of the project, rather than blindly investing or mistakenly entering the capital market
investors should not use such information to replace their independent judgment or make decisions only based on such information, which does not constitute any investment operation
response time: January 12, 2021. Please refer to the official website of Ping An Bank for the latest business changes
[Ping An Bank I know] want to know more? Come and see "Ping An Bank I know" ~
https://b.pingan.com.cn/paim/iknow/index.html
9. It's fake. Don't believe it. This is a Ponzi scheme on the Internet
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