Currency price after 4G miner quits

1. Because the price of bitcoin has plummeted in recent days, resulting in the capital damage of many investors, and the whole digital money market is full of grief
according to coinsmart, the highest price of BTC this month is $6533.4, while the current price is $4480.87, which once fell to $4100, a new low of this year, with a decrease of about 30%. The market value of bitcoin once evaporated by nearly one third, with a current market value of $548.1 billion
the overall market has fallen so miserably that some of the investors directly involved have lost tens of millions in this market
affected by bitcoin, the mining machine market also suffered. At present, the current price of bitcoin is lower than or close to the mining cost price in many areas, which means that the profit will be greatly reced or even the cost will be lost. Due to the unbearable losses, many players resell "mining equipment", and withdraw from the coin circle. At the same time, e to the currency decline, the income from "mining" can not make up for the hard expenses such as electricity charges, so that some loss making mining machines can only be cleared.

2.

It's a scam. Many Internet enterprises and network security enterprises believe that illegal "mining" has become a serious network security problem

with the rise of "cloud mining", the virtual machine has become the main use object of digital currency such as Monroe coin and Eli coin, and the situation of embezzling cloud computing resources for "mining" has also increased significantly; Security team monitoring found that "competing for mining machine" has become one of the important purposes of Botnet expansion; And found a new type of "mining" virus (mining XmR / Monroe), the virus spread wildly in two months, illegal "mining" profits of nearly one million yuan

extended information:

from a commercial point of view, the business model of mining can walk out of a "healthy road". As long as the "incentive money" is lower than the average cost of new users in the market, the business model will be reasonable and feasible

however, if the platform tempts users to participate with "no capital, no profit", it is worth being vigilant. The so-called "mining" opportunity provided by the platform is likely to be "digging a good hole" waiting for you to jump in

3. According to the current total computing power and the current growth rate of total computing power, it will take about 250 days to dig a bitcoin

4. Smart people will choose to refit mining machine for other purposes, or put it at home as a souvenir, which is also good.

5. Bitcoin will not withdraw from the Chinese market, or from any other country's market. Strictly speaking, the state can only manage or restrict the use of bitcoin. To a certain extent, it does not completely restrict the transaction of bitcoin. In addition, mining bitcoin can not be controlled. Therefore, it is difficult to withdraw from the Chinese market. Bitcoin is the proct of network algorithms, Bitcoin can't be eliminated as long as it exists in the whole network, and there is no central issuing agency for bitcoin, that is to say, no country or institution can eliminate it unless it paralyzes servers all over the world. Haha, but in China, it is still possible to enact laws to prohibit the trading or holding of bitcoin as illegal goods, Now that India has done so, the Indian government treats bitcoin as a drug, but even so, it can't stop the existence of bitcoin unless the Internet is banned in India; So I don't know what will happen in China. Before that, South Korea and Japan only prohibited the circulation of bitcoin as currency, but they gave a green light to the speculation of bitcoin as a financial tool. As for the price of quitting China, I can only say that China's diggers account for more than 60% of the world's total. The withdrawal of all Chinese diggers will lead to a sharp drop in the difficulty of calculation (that is, the difficulty of mining), and the price of bitcoin will also plummet when things are scarce. Don't forget that the soaring price of bitcoin is also the credit of China's diggers.

6. Yes, because the price of mining machinery soars because of bitcoin, so it will also fall because of the fall of bitcoin.

7. There will be no pie in the sky. Don't easily believe the online propaganda, which is similar to bitcoin. If there is such a light thing that you can earn 8000 yuan without going to work every day, then you don't need to do anything and just open mines there every day. If you have spare funds in your hand and want to invest and manage money, you can try the online loan platform. If those who can't understand it directly invest their money in yu'ebao or caiyuantong, these platforms are very safe, and the income is higher than the bank interest rate
let's see what others say.

8. Brother, stop it. Bitcoin, a virtual currency, has no value. It's just a bunch of people who are hyping and cutting leeks. Don't have any illusions about virtual currency.

9.

I first knew that virtual currency was seen in the ninth city. I can buy a lot of equipment with money. I don't know if this virtual currency is the same as virtual currency such as bitcoin. Now it seems that it's not the same. Can it be used to exchange goods, ask questions and offer rewards, Is it like this

I am not familiar with the virtual currency. It should not be the number in our Alipay or WeChat. Is it the same thing as the US dollar? Now, it's much more valuable than US dollars. It's said that it's more than US $4000. Well, it's poverty that limits my imagination

What if it collapses? Is it just a dime worth nothing? How does it feel like a premeditated scam? More than our country's P2P? Especially knowing that this thing was made by the Japanese, is it a shocking conspiracy