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Why mining accepts such low prices (why mining loses money)

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Why mining accepts such low prices (why mining loses money)

Why mining is accepted so low? According to btcmanager, due to the high acceptance of miners compared to coin mining, many people are starting to sell mining at low prices. But in reality, in this situation, some miners may choose to lower the price from $100 to $10 or less (or less) After the mine is closed, they will continue to provide services and technical support to their customers; If they do not do so, it will result in a large amount of profits being sold to other mining machines. These mining companies may eventually sell their assets to the market at higher prices. Why is mining losing money The mining process of Bitcoin is mainly divided into two types: the first is to use a large amount of electricity to mine; The second is to use a large amount of electricity to mine. In the Bitcoin network, in order to obtain more computing power and higher network security (Ethereum performance). Due to the high energy consumption of Bitcoin mining, ordinary people are unable to participate in this process. Therefore, we often hear a saying: “If you don’t invest much time to buy a mining machine, you can’t guarantee that you can earn it back.” The reason behind this statement is that Bitcoin mining has not allowed any people in any country or region to enjoy such benefits, so people are unwilling to bear this part of the risk. (Blockchain headquarters)

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