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Why can small computing power also mine (small computing power mining pool)

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Why can small computing power also mine? Editor\’s note: This article is from Cai

Why can small computing power also mine (small computing power mining pool)

Why can small computing power also mine? Editor’s note: This article is from Caiyun Blockchain (ID: cybtc_com), authorized by Odaily Planet Daily.

In the past year, the price of Bitcoin has risen from $11,000 to nearly $20,000. During this period, many people have invested millions of RMB in mining. However, many investors do not know what has caused such a decline. Why is this the case? Let’s take a look at some reasons for small computing power that are worth studying. 1. Advantages of small computing power.

1. Low power consumption: There is a big difference between the two. For example, the price of graphics cards is relatively high, so if the consumption of computing resources can be reduced by half, it can improve the block generation speed and efficiency (of course, this requires certain operation and maintenance costs). However, due to the instability of CPUs, higher performance requirements are also needed. 2. Large transactions can cause network congestion. The current usage rate of Ethereum’s network is very high (processing 10 transactions per second). There is also a problem that with the continuous decrease in network congestion and changes in user experience, these may bring serious loads to the entire blockchain system. 3. Low block space utilization. (There is a misunderstanding here: the larger the size of the block, the better the node.)

4. In order to avoid unlimited issuance of block rewards, it is usually halved after one or two months. And this situation may continue because the average number of blocks mined per hour on the entire network is 8. Although it is risky to do so, it is still a good choice for those who want to make cryptocurrency payments, especially when the network fails or other issues occur.

Small computing power mining pool

The mining pool battle is sweeping the world. Almost all digital currencies, including mainstream currencies such as BTC and ETH, adopt the computing power mining method. In a recent interview, a prominent figure from the Hangzhou Internet Public Chain Alliance shared how he uses small computing power mining machines to reduce the price of Bitcoin. “If a miner is willing to purchase a server at a high price, this is a huge challenge for them.”

This prominent figure stated that he has already used several models of small computing power machines from the Ant S19 series and plans to apply this innovative technology to his own ASIC chips. (Deep Tide TechFlow)

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