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What does “挖头矿” mean (mining leader)?

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What does \”挖头矿\” mean? \”挖头矿\” refers to mining cryptocurrencies on the internet.B

What does 挖头矿 mean (mining leader)?

What does “挖头矿” mean? “挖头矿” refers to mining cryptocurrencies on the internet.

Bitcoin and other cryptocurrencies have developed rapidly, but due to their high price volatility (such as the bear market in 2017 and 2018), the concept of mining leaders has attracted more and more attention. Ethereum is considered one of the most profitable projects in the blockchain industry because it can help many developers solve problems.

It is important to increase the value of Bitcoin in this way because its consensus mechanism is more decentralized, transparent, and verifiable compared to other currencies. However, mining leaders are different. They replace a “code” with a “number”, which allows more people to participate in this project. (Chainnews)

Mining leader

According to on-site reports, on December 17th, the “2020 Cointelegraph Chinese Bay Area·International Blockchain Week” was held in Shenzhen. He Yi, co-founder of Binance, Wu Jihan, vice president of Bitmain, and Li Hui, head of the BCH China community, gave keynote speeches.

Wang Qiao: What do Bitcoin miners care about the most? Why do people discuss the issue of mining leaders? He said: I think there are a few people who are the biggest stakeholders and investors, and they all know that this technology is very powerful, but it is not just a tool… We are now paying attention to this issue every day. Because everyone is doing their own work to make money, so you must be prepared and let more people participate and work hard for it.

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