The small miners were squeezed away, and the proportion of the large mining pool was increased, making it easier to dig.
Bitcoin fall below the “mining cost”, and can’t fall? The answer is – yes.
This question is suitable for the “fixed cost” and “variable cost” of popular science economics.
When you open a restaurant, the annual rent is paid 120,000, and then the monthly labor cost and cost are 10,000. The monthly cost is 20,000.
You expect a monthly turnover of 30,000, earning 10,000 a month.
The result, not good, the turnover is only 15,000, you lose 5,000 per month, you still can’t open?
- Still have to open. If you don’t open it, you can save 10,000 labor costs and costs. You can pay 10,000 yuan a month, and you can pay a net compensation of 5,000 yuan.
This is, the light falls below the cost, not enough, because anyway, “fixed cost” is spent. You have to break below the variable cost, and the turnover is not enough for the purchase of food. This hotel can’t really go on.
Corresponding to bitcoin, rent is the money to buy a video card mining machine; labor costs and food money, is the electricity bill. It is not enough to break the “mining cost”. They have to dig their teeth and lose less. The non-connected electricity bill also fell, and the miners will withdraw.
What’s more interesting is that the “mining cost” is actually very vague.
Ideally, the mining machine is depreciated over time (for example, three years) and is discounted by 33% per year. – This is calculated from the perspective of uniform depreciation.
But it is not allowed: the calculation power of the mining machine is declining. A mining machine, which was dug in the first year, is less digging in the second year. What is the average depreciation? – This is calculated from the production efficiency.
In fact, it can also be calculated from the price of second-hand mining machines – the mining machine is mainly inserted into the graphics card, the second-hand graphics card can also sell money, look at the market at the end of the first year, calculate the depreciation, it is not the same.
These algorithms, who is right? the answer is. . We are all. .
Using different accounting assumptions, the “mining cost” is not the same.
This is only a mining machine. If it is a large mine, it has to rent a place and hire a hand. Suddenly a policy does not allow digging, and far away from abroad, the cost of relocation is also a cost. – The variables are too big.
So every time the media vowed to say “fall below the cost,” I was curious, the cost of your calculations. . You don’t understand. .
Well, let’s say that the price of electricity that falls below the variable cost falls below the price of electricity?
Even the electricity bills range from 1 to 3 to 6 hairs. . After falling below 6 cents, it has not broken 3 hairs; it has broken 3 hairs and 1 hair 3.
The final outcome is: You can’t dig a 6-pound wire at home, and those mines that use cheap power from the northwestern surplus hydropower station are still earning.
In the end, the big mine pool killed the small miners of geek, and the capital once again made ordinary people have no wool mites in it.
The small miners were squeezed away, and the proportion of the large mining pools increased, making it easier to dig up.
Very similar, the economy is not good, your hotel can’t go on. However, KFC’s global procurement, to reduce the cost of chicken, is still making money.
This is the power of capital. This process is called the optimal allocation of the market economy.
What did I say in the “ideas” of the previous two days, digital currency , it is too difficult for ordinary people to overtake the corner, and the Matthew effect will only get worse. The correct way is to have a Buddhist system together. Too much fun.
Surprise: You look at my answer, at least learned the economics of “fixed cost” and “variable cost” knowledge, and understand why many trading losses also have to operate.
Even if you don’t have a cold for economics, then you. . . At least gloating, “Ah, I didn’t buy it, I have broken the cost line now.” Is it very happy?
[su_quote]This article is writing on 12 Aug 2018 based on information available online & news portal. If you feel it’s outdated or incorrect, please write here to update it. Mail us: [email protected] Or Whatsapp Us- +13098896258[/su_quote]
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