What is the Hashrate Peak (Is the Hashrate Peak a Ponzi Scheme)?

08/19/2023 09:58 • AI Insights • 55 views

The Hashrate Peak is a blockchain computing platform based on distributed hash algorithm. By considering and adjusting the distribution of computing power, corresponding mining rewards can be obtained. In traditional networks, “hashrate” is a measurement unit. When the hashrate reaches a certain value, economic returns are generated by multiplying the specific block ratio (i.e. the total number of blocks) with the ratio of current global effective hashrate. Due to the high correlation and factors of scalability, the mining efficiency of Bitcoin is extremely low. Conversely, if compared according to the price of 1T=0.004W/M, it would consume about 0.1 kilowatt-hour of electricity. Therefore, as the hashrate gradually decreases and increases, mining difficulty also increases, resulting in a slower growth rate of hashrate, thereby bringing greater impact to the entire network.

Currently, mainstream cryptocurrencies in the market adopt the SHA256 algorithm with optimizations, but these algorithms have certain limitations and uncertainties.

Is the Hashrate Peak a Ponzi Scheme?

According to Chain Tower data platform, the Hashrate Peak is a Ponzi scheme project focusing on blockchain investments.

It is reported that on June 29, 2019, shortly after being listed on exchanges such as Binance, “mining with mining machines” became one of the hottest topics in China. “Mining” is “the most important concept in the digital currency market”. However, in reality, the growth rate of Bitcoin’s global hashrate is much higher than that of other altcoins and tokens, which means significant losses and risks for investors. For ordinary retail investors, “mining with mining machines” is just a routine investment activity.

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What is the Hashrate Peak (Is the Hashrate Peak a Ponzi Scheme)?

Is the Hashrate Peak a Ponzi Scheme?

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