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Why does the mining pool’s hash rate increase while profits decrease (mining pool has low hash rate)?

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Why does the mining pool\’s hash rate increase while profits decrease? Mining is

Why does the mining pools hash rate increase while profits decrease (mining pool has low hash rate)?

Why does the mining pool’s hash rate increase while profits decrease? Mining is the process of using machines to calculate the hash rate of Bitcoin. If a computer has more computational power and can process more transactions, what will happen?

We all know that in the past decade, the blockchain industry has seen a large number of applications and projects. As more and more people join this network to participate, these applications begin to scale up and become sustainable. These changing market conditions have also driven more new assets to enter this field. Therefore, for ordinary people, a mining farm is a way of investing and financial management. By purchasing equipment or connecting their computers to the network for mining, they can obtain higher profits and enjoy better services. Of course, they can also learn about the potential and advantages of various projects in this field through other channels, in order to better provide services to users.

The mining pool has a low hash rate

According to bitcoinexchangeguide, the hash rate of Bitcoin mining pools has been consistently low in the past week. According to data from Bitinfocharts, as of around 7 am on May 17th, miners have mined more coins than expected. BTC.com data shows that a total of 37,700 BTCs (6% of the global supply) have been mined so far. It is estimated that the total market circulation is 978 million RMB (approximately 885 million US dollars). If calculated at the current price, it is equivalent to about 1,000 US dollars; if calculated at the price four years ago, this number will be close to 20,000 US dollars! However, as the market continues to decline, this situation will change.

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