By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
CoinworldstoryCoinworldstoryCoinworldstory
  • HOME
  • CRYPTO
    • AI
    • BOTS
    • ICO
    • AIRDROP
      • Featured Airdrops
    • Price Prediction
    • EXCHANGE
      • Best Centralized Exchange List 2025
      • Best Decentralized Exchange List 2025
    • ALTCOIN
    • Alt Coin Signal
    • Crypto Analysis
    • Bitcoin Loan
    • Bitcoin Mining
    • WALLETPRO
  • PR
    PR
    If You Looking For Submit Cryptocurrency Press Releases Than Coinworldstory Is Best Choice For Crypto Press Release Submission
    Show More
    Top News
    Flyp.me, the accountless crypto exchanger
    Flyp.me, the accountless crypto exchanger, launches new design for seamless instant exchanges
    2 years ago
    The Kuailian Ecosystem Brings Us Closer To The Most Advanced Blockchain-based Automations
    The Kuailian Ecosystem Brings Us Closer To The Most Advanced Blockchain-based Automations
    3 years ago
    ENTER Art Fair 2021 And SpaceSeven Unveil The Nordic’s First NFT Marketplace Powered By Concordium
    2 years ago
    Latest News
    Eightco Holdings Inc. ($ORBS) Expands Investor Access with Options Trading
    2 hours ago
    Codego Launches Whitelabel Devices Bringing Tokens Into Daily Life
    5 hours ago
    Solo Leveling Levels Up: Korean Billion-Dollar Megafranchise Goes Onchain with Story
    19 hours ago
    SimpleFX Relaunches First Deposit Bonus
    24 hours ago
  • NEWS
    • Mining
    • Altcoins
    • Ban
    • BANKING/FINANCE NEWS
    • Bitcoin
    • Blockchain
    • CRYPTO CRIME
    • Ethereum
    • Exchange News
    • Government News
    NEWSShow More
    Why Shiba Inu Large Transaction Volume Is Dropping Fast
    Why Shiba Inu Large Transaction Volume Is Dropping Fast
    3 weeks ago
    Crypto Tax Rules In Russia – What You Should Know
    Crypto Tax Rules In Russia – What You Should Know
    1 month ago
    Elon Musk Considering Blockchain To Bolster us Government Efficiency
    Elon Musk Considering Blockchain To Bolster us Government Efficiency
    1 month ago
    10 Next Big Meme Coin To Explode
    10 Next Big Meme Coin To Explode
    1 month ago
    9 Best AI-Powered Websites That Save You Hours of Work
    9 Best AI-Powered Websites That Save You Hours of Work
    2 months ago
  • GAMBLE
    • Certified Casinos
    • Bitcoin Casino
    GAMBLE
    If You Looking For Casino Review . Than we Write Many Article About Casino Please Look This Page . We Update This Page On Daily…
    Show More
    Top News
    BigWinner Casino Review: Play the Best Live Casino Games
    BigWinner Casino Review: Play the Best Live Casino Games
    3 years ago
    Nomini Casino Review: Is Nomini Safe and Legit?
    Nomini Casino Review: Is Nomini Safe and Legit?
    2 years ago
    BC.Game Casino Review: Vbet Offers Cash-backs up to 10%
    Bc.Game Crypto Casino Review: Casino Battle Prize $5000
    Sponsored by
    Latest News
    Unlim Casino 2025 – Games, Bonuses & Crypto Payments
    4 weeks ago
    1win Casino Games – Exciting Slots, Crash Games & Bonuses
    4 weeks ago
    Pinco Casino Review: Games, Bonuses & Features
    4 weeks ago
    r7 Casino Review: Login, Sign Up, Bonuses & Promotions
    3 weeks ago
  • MORE
    • Guide
    • Only Best
    • Off Topic
    • Web Hosting
    • Ad Posting Jobs
    • Best Affiliate Marketing
    • Best Affiliate Programs
    • BOTS
    • Trusted Currency Exchanger Platform
    • Blockchain Games
    • Metaverse Review : Best Metaverse Program Review
    • Online Survey
    • Payment Platform
  • VPN
  • Contact Us
Reading: Ethernet Square On The Eve Of The Great Migration Of Miners, Some People Still Buy Electric Field Created
Share
Notification Show More
Font ResizerAa
CoinworldstoryCoinworldstory
Font ResizerAa
  • ADVERTISEMENT
  • SUBMIT PR
  • CONTACT
  • GUEST POST
  • ABOUT US
  • DMCA
  • SITEMAP
  • DISCLAIMER
  • PRIVACY POLICY
Search
  • HOME
  • CRYPTO
    • AI
    • BOTS
    • ICO
    • AIRDROP
    • Price Prediction
    • EXCHANGE
    • ALTCOIN
    • Alt Coin Signal
    • Crypto Analysis
    • Bitcoin Loan
    • Bitcoin Mining
    • WALLETPRO
  • PR
  • NEWS
    • Mining
    • Altcoins
    • Ban
    • BANKING/FINANCE NEWS
    • Bitcoin
    • Blockchain
    • CRYPTO CRIME
    • Ethereum
    • Exchange News
    • Government News
  • GAMBLE
    • Certified Casinos
    • Bitcoin Casino
  • MORE
    • Guide
    • Only Best
    • Off Topic
    • Web Hosting
    • Ad Posting Jobs
    • Best Affiliate Marketing
    • Best Affiliate Programs
    • BOTS
    • Trusted Currency Exchanger Platform
    • Blockchain Games
    • Metaverse Review : Best Metaverse Program Review
    • Online Survey
    • Payment Platform
  • VPN
  • Contact Us
Have an existing account? Sign In
Follow US
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
Home » Blog » Ethernet Square On The Eve Of The Great Migration Of Miners, Some People Still Buy Electric Field Created
Ethereum

Ethernet Square On The Eve Of The Great Migration Of Miners, Some People Still Buy Electric Field Created

Indu Sonali
Last updated: 11/01/2019 5:30 PM
Indu Sonali
7 years ago
Share
Disclosure: We are not a registered broker-dealer or an investment advisor. The services and information we offer are for sophisticated investors, and do not constitute personal investment advice, which of necessity must be tailored to your particular means and needs. !
SHARE

The miners are waiting for this day to come.

Contents
  • As in previous years, buying electricity
  • Shuffle has come, to stay a realistic choice
  • On the eve of “quietness”, taking one step is a step

It is impossible to deal with it in advance. “We did not make short-term adjustments in advance, take things one step.” Ethernet Square miners Wang Zelin (a pseudonym) told Odaily Daily Planet.

At the same time, Wang Zelin is still buying electric power plants in various places, just like in previous years, in order to revitalize the low-cost electricity after the arrival of the flood season.

This move took place on the eve of the Ethereum upgrade, which is worth pondering.

- Advertisement -

Ethereum tried to drive a part of the miners in this step before thoroughly “abandoning” the mining machine. No one wants to be forced to leave. Some people with funds and resources also believe that they will not belong to the part that was washed away.

As in previous years, buying electricity

On January 16th, Ethereum will carry out its eighth upgrade in history – the upgrade of Constantinople.

The upgrade is expected to significantly improve the performance of Ethereum, while the block reward will change from 3 Eth to 2 Eth, which means that miners’ mining awards will be reduced by 33.3%.

Although the core developers decided to adopt this upgrade program in August last year, many miners still have “no feeling” about this program.

The mines with tens of thousands of machines have not taken special measures.

- Advertisement -

At that time, the Ethereum network used for testing reached the block height of the scheduled upgrade, but the final network failed due to too few miners running the beta client, which directly delayed the upgrade of Ethereum Constantinople.

It can be seen that as the last mile of consensus, the Ethereum miners did not have much enthusiasm for the upgrade of the Ether. What’s more, the upgrade also directly affected its revenue.

Wang Zelin believes that the Ethereum upgrade has not caused much fluctuations in the market, so it is not of great concern. The mines with tens of thousands of machines seem to have no special measures.

- Advertisement -

Wang Zelin even continued to take the electricity to build a mine before the arrival of the flood season, as in the past, without any signs before the retreat.

His conviction is that “there is a chance to sneak out of the exit, and it will not be me.”

Shuffle has come, to stay a realistic choice

Chen Lei, secretary-general of the block club of Peking University and mine owner, is worried that this situation will only worsen the survival of miners.

“In the southwest of the Fengshui period, the electricity bill will be lower than the current industry cost. With the support of the flood season, many people think it is time to take the shot. In fact, as long as someone takes the shot, it will increase the difficulty of mining. Unit profits will continue to decline.” Chen Lei said.

An industry insider analyzed the Odaily Planet Daily: “In this industry, people with funds and resources believe that they are not part of the wash-off. But by this time, problems in one link will directly affect survival. .”

Next, “the things that are being shuffled will happen constantly, and the industry will gradually be educated,” he said.

Wang Zelin also did not hide the industry concerns he saw. “If the currency price does not improve much, the upgrade will kill some miners.”

“It may affect two or three percent of the miners.” Chen Lei believes that “ETH is the largest currency for video card mining, and concentrates most of the graphics cards. After the production is reduced, the machine with high cost of electricity and low efficiency of operation and maintenance will exit. The price plummeted.”

“The last plunge” means that in November last year, Ethereum fell below 1,000 yuan, and in the following month, it bottomed out several times, leaving a large number of miners unable to make ends meet and forced to transfer.

According to Qiu Xiaodong, the key account manager of Xinghuo Mine Pool, the computing power of the whole network dropped to around 160T at the time, nearly half of the highest value. Based on the calculation of the 574 mining machine of Ethereum General, about 760,000 graphics card mining machines left the Ethereum network.

Nowadays, it is time to digest the “excess” computing power of Ethereum.

Many people in the industry believe that by then a lot of etheric computing will switch to small currencies, directly pulling up the difficulty of mining small currencies, then the industry may have to use the people to describe.

“Other currencies can only accommodate part of the effort to escape. In the final analysis, machines with high cost and low efficiency still have to stop.” Chen Lei said.

The industry’s “deportation order” has been issued. For many graphics card miners, selling cards and transforming may be a step that has to be taken.

On the eve of “quietness”, taking one step is a step

The only thing that is gratifying is that if the price of the currency falls sharply and the graphics card sells, the price cut will not be as crazy as the Asic mining machine.

“Asic mining machine can only mine, and the video card mining machine can also get the computer running in the Internet cafe.” An industry insider said.

The former consensus builders dig and sell at the beginning of the rise of the Ethernet network in 2015, and did not wait until the price of the currency reached the summit. Now on the eve of “quietness” – Constantinople forked, but had to “retreat” in the “expulsion” of the network.

“Now this node can only take one step, it is a step.” The miners seem to have returned to the 2015 year when they just dug Ethereum.

“The era of mining in the Ethereum with the graphics card mining machine will definitely end with the continuous upgrading of Ethereum. As for the transition period of this shuffling, it is difficult to say how long it will take.” Qiu Xiaodong said.

“The only way to save the miners is the market.” After discussing the possibilities, Chen Lei said.

Trump-Backed World Liberty Fi Acquires $1M in Ethereum Amid Surging Market Prices
Altcoin Market Sees Renewed Momentum Amid Bitcoin Dominance Shift
Ethereum Nears $4,000: What’s Fueling the Sudden Surge and Can It Sustain the Momentum?
Why Are Institutions Quietly Buying Up Ethereum? Novogratz Reveals a Telling Shift
BlackRock’s Crypto Strategist Appointed Co-CEO of Ethereum Giant-What’s Behind the Move?
Share This Article
Facebook Email Print
Previous Article US Congressman: Most Cryptocurrencies Require CFTC Regulation Rather Than SEC US Congressman: Most Cryptocurrencies Require CFTC Regulation Rather Than SEC
Next Article Bitcoin Prices Have Not Yet Bottomed Out, The Market Has Shown An Overall Decline Encryption Bitcoin Prices Have Not Yet Bottomed Out, The Market Has Shown An Overall Decline Encryption
10 Best Prop Firms In South Africa for Funded Traders
10 Best Prop Firms In South Africa for Funded Traders
Prop Firm
Eightco Holdings Inc. ($ORBS) Expands Investor Access with Options Trading
Press Releases
10 Best Prop Firms in Jordan – Top Funded Trading Opportunities
10 Best Prop Firms in Jordan – Top Funded Trading Opportunities
Prop Firm
10 Best Crypto Exchanges for Easy Recurring Buys 2025
10 Best Crypto Exchanges for Easy Recurring Buys 2025
Best Centralized Exchange List 2025

Latest Published

Arthur Hayes Says CryptoPunks Could Outpace Ethereum in Current Cycle

Arthur Hayes Says CryptoPunks Could Outpace Ethereum in Current Cycle

2 months ago
Peter Schiff Breaks Pattern: Why the Longtime Bitcoin Critic Now Favors It Over Ethereum

Peter Schiff Breaks Pattern: Why the Longtime Bitcoin Critic Now Favors It Over Ethereum

2 months ago
Whale Wallet Linked to Cumberland Scoops Up $76M in Ethereum-Is a Massive ETH Rally Brewing?

Whale Wallet Linked to Cumberland Scoops Up $76M in Ethereum-Is a Massive ETH Rally Brewing?

2 months ago
BlackRock’s Ethereum Acquisition Surpasses Bitcoin as Institutional Focus Shifts

BlackRock’s Ethereum Acquisition Surpasses Bitcoin as Institutional Focus Shifts

3 months ago
  • ADVERTISEMENT
  • SUBMIT PR
  • CONTACT
  • GUEST POST
  • ABOUT US
  • DMCA
  • SITEMAP
  • DISCLAIMER
  • PRIVACY POLICY
What Is Solana? A Complete Guide to the Fast and Scalable Blockchain
What Is Solana? A Complete Guide to the Fast and Scalable Blockchain
Trending
10 Best Shoes For Bunions – Comfort, Support & Pain Relief
10 Best Shoes For Bunions – Comfort, Support & Pain Relief
Trending
10 Best Macroeconomics Books-for Students and Professionals
10 Best Macroeconomics Books-for Students and Professionals
Trending
CoinworldstoryCoinworldstory
Follow US
© Coinworldstory News Network. Cws Design Company. All Rights Reserved.
  • ADVERTISEMENT
  • SUBMIT PR
  • CONTACT
  • GUEST POST
  • ABOUT US
  • DMCA
  • SITEMAP
  • DISCLAIMER
  • PRIVACY POLICY
Join Us!
Subscribe to our newsletter and never miss our latest news, podcasts etc..
[mc4wp_form]
Zero spam, Unsubscribe at any time.
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?