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What does “挖头矿” mean (mining boss)

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What does \”挖头矿\” mean? The significance of \”挖头矿\” is to transfer coins from one a

What does 挖头矿 mean (mining boss)

What does “挖头矿” mean? The significance of “挖头矿” is to transfer coins from one address to another account. When an address has a large number of tokens, they can be placed into one’s own Bitcoin wallet for mining.

First, it is necessary to know where this address is mining and why this happens. This is because if nobody is willing to sell these tokens and let them continue to hold (for example, you exchange 100 yuan for 1 BTC), this operation is quite deep (of course, it is also possible that someone buys it for convenience). However, due to the high power consumption and cost of such transactions (such as the mining software we currently use), users find it difficult to find and invest in such assets.

Secondly, the analysis of information from some exchanges or other platforms leads to the conclusion that although some investors have begun to buy Bitcoin, they do not know how to acquire it. Therefore, they are likely to only use Bitcoin rather than other cryptocurrencies to mine their assets, and not participate in any business related to it.

Mining Boss

Editor’s Note: This article is from William Talk (ID: William1913), written by William Chen, and authorized to be republished by Odaily Planet Daily.

This morning, a netizen asked me if the mining boss was “no longer doing it.” He said, “Are you kidding me? How is that possible?” I also answered this question well:

He said it quite well.

1. Because the market value and market share of Bitcoin has always been strong, many people in the industry feel that they are not being unjustifiably squeezed.

2. I think if someone can exchange your assets for a good wallet, it can make your assets more stable. However, there are still many doubts now.

3. “Shouldn’t I continue with the mining power?” I don’t know how to solve it.

4. On the evening of January 19, I started looking for reasons to buy mining machines, but in the end, I found that they were not of any value, so I sold them directly. Then, there was no activity for several days, but the price rose many times, even exceeding 100 yuan. At that time, I guess many people did not see this price.

5. I specifically talked about it in February, but I later found that it had fallen by more than 90%, and some people believed that this was normal price fluctuations in the market. And then repeatedly emphasized, “I really don’t want to lose money.” But in fact, there is a cost to doing that. “I just want to make quick money, don’t think about using my assets to invest. After all, we have to pay electricity bills every day. I won’t pay you a salary.” I remember the last time he mentioned Bitcoin, he was a charismatic person, often calling out, as long as you pay, you can make money. “Don’t think they will make money, who knows?”

So this time the big shot suddenly changed his mind and said something very clear-“I don’t really believe in those so-called technical personnel or people with a deep understanding of the blockchain industry,” he added. According to reports, at the end of January this year, in a tweet on Weibo, he publicly stated, “I started a new machine to run ASIC miners on August 30th, 2019, and it was officially put into use in early September last year.” He then revealed in the group that he was developing a new version. He himself is currently a practitioner in the cryptocurrency industry, and recently posted some screenshots about Bitcoin in a certain community, hoping to help other users participate more conveniently. At the same time, he also pointed out that he has been researching new projects and constantly improving the code, and will update related software products for reference in the near future.

In short, at this time, the attitude towards Bitcoin is not good.

From the end of July to the end of the year, Bitcoin is still in a downward trend. Ethereum is still one of the safest investment targets. With the upcoming ETH2.0 and the impact of Bitcoin halving, the entire ecosystem is gradually recovering its health, and this situation will continue for a period of time. Although the current BTC has not reached the peak of the bear market (of course, the bull market will continue as well). However, in the future, as BTC enters the mainstream field more and more, its overall economic scale will reach 10 trillion US dollars.

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