What coins are currently mainstream to mine (Currently, what coins have a good mining market)?

08/19/2023 01:42 • Digital Disruptors • 67 views

What coins are currently mainstream to mine? According to data from BTC.com, Ethereum successfully launched its genesis block on May 30, 2020 at block height 1,320,000.

At the same time, public information shows that the total network hash rate of Bitcoin is 42.8EiB. As of the time of writing, it has fallen to around 14T, but many investors still choose to hold and trade Bitcoin. Mainstream mining machine manufacturers, such as Bitmain and Canaan, have also started to release new products.

What coins have a good mining market currently?

What coins have a good mining market currently? Which mainstream cryptocurrency has the highest price when bought now? The price of Bitcoin broke through $12,000 on May 11 and has been declining since then, reaching around $12,400. From the perspective of historical highs, the lowest price in August 2018 was around 11,500 RMB, followed by a significant increase, reaching around 13,000 RMB per coin by the end of March this year, and it is still steadily rising. It has now reached the last low of 2019.

If the end of 2017 was the best year for mining, then how should we invest after 2020? This has always been the most concerned question. However, compared with the second half of last year, Bitcoin hasn’t changed much. Therefore, what coins have the best mining market currently?

1. BTC: Bitcoin experienced its first bullish market since 2009. Its development began in the ten-year period after the 2008 financial crisis and went through several bear market tests before entering its golden age. During this period, as global economy slowed down and various countries tightened central bank policies, investors became more cautious about entering the market. However, because Bitcoin was relatively cheap at that time, many investors were optimistic about its future development. However, some people believe that the field of digital assets will gradually mature in the future, such as virtual machines and smart hardware. This means that these project parties can choose a more conservative investment strategy to layout their preferred market. The second, and most important point is, don’t be too optimistic in the time to come. The third point is that many people are speculating about whether Bitcoin can survive in the long term, because Bitcoin itself does not have intrinsic value and cannot be considered as a means of payment or commodity. It cannot become a true currency or medium of exchange. The fourth point is that there are many altcoins already on the market, and they all want to profit from stablecoins, which may even cause heavy losses to users! Some altcoins, such as Ethereum (ETH) and Ripple (XRP), have already been listed.

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What coins are currently mainstream to mine (Currently, what coins have a good mining market)?

What coins have a good mining market currently?

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