Let's talk about mining this time.

After the real estate market cooled down in 2021, I switched to the cryptocurrency circle. Because I had opened a computer store before and knew how to install and repair, it was easy for me to get started with mining. At that time, Ethereum was the hot spot, and a 3060ti graphics card was speculated from more than 3,000 to more than 6,000. I mined and speculated at the same time. Fortunately, because I had experience in computer stores and stocks, I applied it to the cryptocurrency circle and improved it. I didn't step on any big pits, and the overall profit was still more than the loss of small pits. In the process of mining and speculating, my experience is that you still need to know a little about mining to speculate in cryptocurrencies, which helps to better understand the market. After all, Bitcoin is a mining coin, and there are still many mining coins on the market, such as etc, kas, etc.

As a miner, I mainly play with mining coins, because I am also producing them, and I know more about their cost. When it comes to mining coins, the shutdown price should be mentioned more. The shutdown price is the price when the price of the machine's output coins cannot beat the electricity bill. It is generally believed that the price of a currency will not fall any further once it reaches the shutdown price, because some miners will shut down and stop producing, and those who are losing money on electricity will hoard their coins and wait for the price to rise before selling them. Recently, it was revealed that the mining cost of Bitcoin after the halving is more than $40,000. Does that mean that more than $40,000 is the iron bottom of Bitcoin? I personally don’t think so. First of all, in every bear market in the past, Bitcoin has fallen below the shutdown price, because the shutdown price is dynamic. At this price, some miners with high electricity bills or old machines with high power consumption will shut down their machines, while those with low electricity bills or even free electricity or low power consumption will still make a profit. Moreover, after the shutdown, the total computing power will decrease, and the output of the remaining machines will increase again. Moreover, the bear market is to eliminate old machines and wash out unsteady retail investors, so I personally predict that the bottom of the next wave of bear market will be about $30,000. It is very likely that we will never see a big pie below $30,000 again in this life. If you are interested in anything, please leave a message or send me a private message. I will choose the ones with high attention and talk to you slowly in the future.