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What does mining pool mean (how much can you earn from mining pool in a month)?

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A mining pool refers to a distributed computing network based on Ethereum, whic

What does mining pool mean (how much can you earn from mining pool in a month)?

A mining pool refers to a distributed computing network based on Ethereum, which is supported by BTC.com. Through this platform, users can create, sell, and trade cryptocurrencies and other digital assets. They can also exchange these bitcoins for fiat currency to purchase goods and services. In the Bitcoin blockchain, since block rewards are fixed and immovable, each block can only obtain a certain value. To keep this network stable and continue to grow, the role of mining pools is to help users conduct peer-to-peer payments or use cryptocurrencies as their exchange medium. (bitcoinist)

How much can you earn from mining pool in a month now?

According to the news from Binance mining pool, the current cost of mining Bitcoin is approximately around 10,000 yuan, with a hash rate of over 3,000T. If calculated based on the current price, how much money can a miner earn in a month since May? According to Coinmarketcap, the total revenue of BTC on the entire network has exceeded 200 million US dollars. Based on the current market value, it is estimated that the ETH and BCH mined before June this year will also be close to 400 million yuan!

As the price of the currency continues to rise, new generation products such as Antminer S19 Pro from Bitmain and M30s series from Whatsminer have started to be listed, and the demand for mining machines in the market is also increasing. Taking Antminer A9 as an example, the shipment volume of Antminer A10 has exceeded 3,000 units, and new machines are still being continuously added to the market, which means that there will be a greater chance for ETH and BCH mined after the beginning of next year to be locked in the market.

From the data perspective, the total amount of Bitcoin mined in mining pools is currently around 50 coins. So, the coins to be mined today are approximately 40 coins. In other words, the more coins are mined per day, the scarcer they become (such as Bitcoin), so the mining difficulty will correspondingly decrease. Additionally, since mining consumes a large amount of electricity, the profits in the mining pool will also decrease accordingly.

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