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Why has the mining amount suddenly decreased? (Why haven’t the mined coins been received in the wallet?)

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I. Introduction: This article is from the Fire Wheel Community (ID: FHBT18) and

Why has the mining amount suddenly decreased? (Why havent the mined coins been received in the wallet?)

I. Introduction: This article is from the Fire Wheel Community (ID: FHBT18) and is written by Peipei. It is authorized to be reproduced by Odaily Planet Daily.

Hello everyone, I’m Peipei. Recently, I have had discussions with many friends about the relationship between mining and cryptocurrency trading. Today, I would like to talk about why the mining amount has decreased recently.

I. Reasons for the decrease in mining amount:

1. The number of people participating in mining has increased significantly, and there are many mining activities outside the circle. However, if we look at the development of these years deeply, no one would know if it is due to the neglect of a certain hot topic or new technology that has caused any situation. Currently, most people are very interested in mainstream currencies like Bitcoin and Ethereum. However, for those long-term investors who are optimistic about blockchain technology, regardless of whether they believe that Bitcoin will experience another bull market like 2017, they can at least imagine such a situation happening this year. Of course, there is still some uncertainty. For example, at the end of last year, there was news that Bitcoin had fallen below $8,000. At that time, many people thought it was a good phenomenon. Some friends even asked how it was that Bitcoin broke through 6,000 points so quickly. In fact, this statement is not reasonable. Although the overall market sentiment is low in the second half of this year, many people still believe that there will be a rise after the halving. Will this situation be worse than before? After all, the reduction in production this year is expected to be greater than that in January or February next year, and it is expected to undergo the second adjustment around April or early May. The statement “I always buy Bitcoin” seems to confuse people: “Didn’t you hear about reducing holdings before? I keep buying every day and I don’t know when it can return to that level.” However, after the price of Bitcoin declined, some investment institutions gradually shifted their focus to the post-halving period. Some funds even chose to sell their held encrypted assets as their “bets”. Therefore, a natural transformation occurred, and “no one invests in anyone”. So in my opinion, the current numbers should be relatively stable, especially when we pay attention to the dynamics of Bitcoin ecological development and the reasons behind it, there may be some new observation factors.

II. Whether mining is profitable:

1. Mining itself is cost-effective. It is not a product of decentralized networks but attracts the public to participate through various incentive methods, allowing more users to use it. On the other hand, in reality, the investment of ordinary people has no meaning, mainly for the purpose of obtaining more profits. The third and most important thing is that even if you only buy a small amount of Bitcoin, you can use it to purchase other tokens for payment or transactions at any time, thus obtaining a higher return on investment.

Why haven’t the mined coins been received in the wallet?

According to Cointelegraph, the latest report from blockchain analysis company Chainalysis shows that Bitcoin mining rewards decreased by more than 50% in January 2020. The report also pointed out that about 80% of miners did not receive rewards in the first six months of 2019, compared to only 13% in the same period last year. If this situation continues, “it may have caused some people to lose millions of dollars.” However, the problem is “the coins have not been received in the wallet yet.” “What you should know is that when your coins are received by the exchange, the transaction is paused.”

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