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What bad habits do you have when entering the cryptocurrency space?
In the cryptocurrency space, there are early and late entrants. However, many people have bad habits; how many do you have?
The cryptocurrency space is complex, enter with caution.
Carving a boat to seek a sword.
The cryptocurrency market has cycles, which is a widely acknowledged view in the industry. However, the cycles and the processes within them yield different results based on solving problems. It is absolutely not a method of carving a boat to summarize each evolution process. Cognition is very important, and summarization is crucial. We shouldn't think of jumping into a pit for a while. We must timely jump out and have the awareness to summarize and not fall into the pit again. The past bull and bear market transitions have had different evolutionary results. In 2017, Wu Jihan's team raised the issue that Bitcoin's transaction speed was too slow, affecting the trading experience. Thus, a fork coin called BCH emerged in 2017, leading to many fork coins during the 2017-2019 cycle, such as BCD, BSV, and BCHABC. The name of Bitcoin Cash alone has changed several times. Moreover, there was ETH's ICO and private equity. Ultimately, the issues ended in 2019 when LTC migrated the Segregated Witness technology into BTC to solve the transaction delay problem. Why not mention events from 2014 or earlier? Because they are not representative. So we wonât discuss them. Now, what was the starting point of the bull market from 2020 to 2021? DeFi staking mining, because the threshold for Bitcoin mining is too high, requiring enormous costs from capital investment to equipment development and operational input. Hence, DeFi staking mining emerged. In this process, market speculation gave rise to a wave of animal coins, with Dogecoin being a typical representative due to a statement by Musk. Whether it was genuinely said or not, no one knows. However, the result was a variety of animal coins came out. This year? If you are still shouting that Dogecoin will rise, you are just carving a boat to seek a sword. The four bull and bear market transitions are never the same. If you still enter the bull market with the mindset of the last cycleâs animal coins, the outcome is self-evident.
The cryptocurrency space is complex, enter with caution.
Carving a boat to seek a sword.
The cryptocurrency market has cycles, which is a widely acknowledged view in the industry. However, the cycles and the processes within them yield different results based on solving problems. It is absolutely not a method of carving a boat to summarize each evolution process. Cognition is very important, and summarization is crucial. We shouldn't think of jumping into a pit for a while. We must timely jump out and have the awareness to summarize and not fall into the pit again. The past bull and bear market transitions have had different evolutionary results. In 2017, Wu Jihan's team raised the issue that Bitcoin's transaction speed was too slow, affecting the trading experience. Thus, a fork coin called BCH emerged in 2017, leading to many fork coins during the 2017-2019 cycle, such as BCD, BSV, and BCHABC. The name of Bitcoin Cash alone has changed several times. Moreover, there was ETH's ICO and private equity. Ultimately, the issues ended in 2019 when LTC migrated the Segregated Witness technology into BTC to solve the transaction delay problem. Why not mention events from 2014 or earlier? Because they are not representative. So we wonât discuss them. Now, what was the starting point of the bull market from 2020 to 2021? DeFi staking mining, because the threshold for Bitcoin mining is too high, requiring enormous costs from capital investment to equipment development and operational input. Hence, DeFi staking mining emerged. In this process, market speculation gave rise to a wave of animal coins, with Dogecoin being a typical representative due to a statement by Musk. Whether it was genuinely said or not, no one knows. However, the result was a variety of animal coins came out. This year? If you are still shouting that Dogecoin will rise, you are just carving a boat to seek a sword. The four bull and bear market transitions are never the same. If you still enter the bull market with the mindset of the last cycleâs animal coins, the outcome is self-evident.
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How the Logic of Bitcoin's Retaliatory Rise is Formed!
Since this year's Bitcoin halving, the Bitcoin hash rate has remained constant between 500 EH and 714 EH. As of today, the global hash rate has exceeded 834 EH. Throughout this year's hash rate fluctuations, the resistance level has consistently been in the 714 EH range. During this time, mining devices below 140T have generally not been profitable. The process of this year's bull market differs significantly from previous bull markets, with the core difference being the cost of electricity. In the past, electricity costs in China's overall environment were generally in the range of 0.2 to 0.36 Yuan. After 2021, the electricity cost for Bitcoin mining has consistently remained in the range of 0.695 cents to 0.5 to 0.7 Yuan per kWh. The rise in electricity costs indicates that the pressure resistance of mining machines will become very poor. New types of mining machines have emerged only after October 2023. As of now, based on market evaluations, the latest devices have chips around five nanometers, with a constant power consumption of 12 watts per T. The latest devices from 2020 had a power consumption of about 38 watts per T, meaning that from 2020 to before October 2023, the power consumption range for air-cooled devices was between 20 watts and 38 watts per T. As of April 20th, devices below 140T in this range have no profits in the electricity cost space of 0.6 to 0.7 Yuan, meaning that after the halving in 2023, new hash power is strong with devices above 140T. This global Bitcoin hash rate exceeding 834 EH signifies that the income from new devices is gradually decreasing. From this year to the next two years, it will take a long time for five-nanometer chips to upgrade to three-nanometer chips. In other words, the upward growth space of 834 EH this year corresponds to the current Bitcoin price space above 70,000. As of today, if the hash rate continues to stabilize within a week at no less than 700 EH, then Bitcoin's price will continue to rise with the growth of the hash rate. Previous data comparisons also signify this hash rate breakthrough, marking the official start of the bull market. Today's decline represents a signal for Bitcoin's retaliatory rise. Based on a profit of 0.00000067 Bitcoin per T, a 140T mining machine at today's price performance equals a gross profit of 45.1 Yuan. With the global static electricity price at 0.4 Yuan per kWh, the daily electricity cost for a 140T rated power consumption would be 32.1 Yuan. Based on the current static payback period, it would take approximately 1000 days. If Bitcoin falls below 66,800 today, then the mining machine models before October 2023 will enter a negative profit situation. Currently, the difficulty adjustment in major mining pools has been in the last 1 to 2 days. When the pressure resistance is weak, and the hash rate cannot support normal profits, a hash rate decline will occur. This year, up to now, has been a total of ten months. After breaking through, all data performances will surpass previous records. Today's adjustment will create the feasibility for tomorrow's retaliatory rise.
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Bitcoin's computing power has already broken new highs this time. 834 EH of computing power is the highest recorded today. The rise is steady.
The logic behind Bitcoin's rise is the business model; what is the Bitcoin business model? Mining! What is Bitcoin's computing power? It is the size of the traffic, the scale of the business model, and the financial backing. The greater the computing power, the larger the daily costs incurred. What are artificial intelligence and quantum computing? The size of computing power. 834 EH of computing power indicates that Bitcoin will stand on a support level of 80,000 USD. In the future, the cost of one Bitcoin will become increasingly large. This is the true foundational logic. To all the family members in the digital industry, learn more, ask more questions, and argue less. The various ignorant comments made in the article I wrote yesterday are quite ridiculous. It's like carving a boat to seek a sword. If you use quantitative measures to calculate variables, it is mindless behavior; the article is not long. Everyone is welcome to speculate on the increase of Bitcoin over the past week.
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Do you really understand when various industry experts come out to comment? The dog is bigger than Wright? The accessory is bigger than the main product.
There are always many lickers in this market. The transaction fee of Dogecoin is destined to be a tipping culture. There won't be much increase. Now the bubble of Dogecoin is big enough. There are still people shouting that Dogecoin will surpass Litecoin this year. There is something wrong with the direction of thinking. Why are there so many fools in this market doing things like cutting the boat to find the sword. Litecoin's properties, trading methods and mining methods are independent and high-quality. Many people still support the older Monero Dash Zen. See if OK has been removed from the shelves. Many currencies appear in the market every year. How many currencies have been on the market for more than seven years? The Dogecoin given away by the device with Litecoin algorithm is called a gift. The income of a gift exceeds the income of the original product, which is called routine marketing. Does Dogecoin itself have its own independent algorithm? Isn't it a bit unrealistic for a currency with the attribute of tipping culture to become a mainstream currency? Where is the room for speculation when the basic logic doesn't make sense? There are many things that put the cart before the horse, which are either forgotten or overturned after a certain period of time.
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Wright has the biggest breakthrough this year
This year, it is time for a hundred flowers to bloom again, but there are only a few long-lasting currencies that continue to bloom and fade. Why do we have to bring up LTC? Last year, everyone should have seen the collective delisting of anonymous currencies. First, the old Monero Dash Zen was delisted from OK, and then Binance also delisted it. But the contemporary currency Litecoin has not changed. Litecoin is bundled with Dog, but Litecoin cannot be the main income. Instead, Dog has become the main income. The price of Litecoin is currently low enough. The trading experience is also good enough, the transaction speed is fast, and the most important thing is that the technology can be directly integrated into Bitcoin. Although there are few transfers outside the exchange due to the high price of Bitcoin now. But we have to admit that the delay problem is solved by LTC. Like BCH BSV at the beginning, they all said that their technology is better than the original Bitcoin. But no one can directly integrate the technology into Bitcoin. They are all forked and copied, only Litecoin is continuously iterating. The technical iteration of Bitcoin mining machines has entered a bottleneck period. But LTC has just started. You say that Litecoin mining has no market. But Litecoin mining has the most potential. At present, let's take a look at Litecoin mining machines. The mainstream brand is Ant. It started to iterate in 2021, and has been updated to l9. Let's take a look at the parameter standards in order. In 2017, l3+-l3++ had 500m computing power and 800w power consumption, 580m computing power and 1400w power consumption, in 2021, l7 had 9500m computing power and 3500w power consumption, and in 2024, l9 had 16000m computing power and 3340w power consumption. From the equipment, the chip iteration span is very large. Take a look at the Bitcoin mining machine: s9 in 2017, s15 in 2018, s17 in 2019, s19 in 2020, s19 in 2021, s19pro in 2022, s19jpro in 2023, s21.
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Blockchain develops to web3.0, and real applications are about to emerge
Everyone looks at things from a different perspective, so the results are different. The views of most people participating in the market have contributed to the current price performance. It has been more than ten years since I participated in digital assets. I am a person who really studies this market seriously. Since I entered the industry, I have been constantly arming my mind. Since 2018, I have been involved in how blockchain can be combined with the real economy. The balance of public demand is often to create a balance between production and demand. The corresponding tolerance rate is also the same. The tolerance rate of this society is getting smaller and smaller. The space for you to make mistakes will become smaller and smaller with the development of the Internet. The space for cybercrime to be greater than real crime is getting smaller and smaller. People's cognitive level will become higher and higher with the development of society and the Internet. Ten years ago, we only talked about blockchain as the future. Now we talk about how to create our own wealth and how the Internet can give everyone a chance. Correspondingly, our real employment opportunities will become fewer and fewer in the future. The more powerful the Internet becomes, the smaller our wealth balance relationship will become. Real employment opportunities are replaced by artificial intelligence. It is difficult for people to commit crimes. The balance relationship in this world is constantly changing. Seizing the opportunity of the Internet is not to listen to others. The key lies in our personal understanding. It is better to seek inward than to seek outward. The views that a true master tells you are definitely not something you can see in ordinary times.
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Wright's performance is the most prominent dark horse this year
Why do I say that Wright's performance is the biggest dark horse this year? I have predicted his changes very accurately since 2020. The growth of global computing power represents the level of participation. The increase in equipment variety and computing power itself is an impact on the market. The basic logic of constant digital currency is operating costs. The increase in the difficulty of Bitcoin mining means that more electricity and energy must be spent, which means an increase in costs. The basic logic of trading is to make money. Only by making money can we continue to develop. If there is a bottleneck in the research and development of equipment, there will be a future. If there is no bottleneck, there will be no future. Are the current mobile phones the most advanced? Definitely not. What has room for development is unlimited development and technological iteration.
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Today's drop was too fake, as if it happened just to explode the contract.
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How to make predictions
$BTC I have said in previous articles that BTC is facing huge risks in July. During the live broadcast, I mentioned that the accuracy of the price change on the next day was close to 100%. Many people were skeptical, but I told everyone the truth and helped everyone avoid this risk. When most people thought it was a bargain, the bottom had not yet arrived. When everyone was excited and working hard to make money, were there any problems in the industry? Many details in the Big Era TV series are actually worth learning.
Ask questions. When we encounter something new, we always ask what the future can bring us. When we look at problems from our own interests, we always ask what risks they will bring us. Asking questions is equivalent to the lowest dimension of performance. To understand the essence of things is definitely not to ask questions, but to discover problems. The process of discovering problems and solving them is the process of increasing dimensions.
Ask questions. When we encounter something new, we always ask what the future can bring us. When we look at problems from our own interests, we always ask what risks they will bring us. Asking questions is equivalent to the lowest dimension of performance. To understand the essence of things is definitely not to ask questions, but to discover problems. The process of discovering problems and solving them is the process of increasing dimensions.
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Digital economic development is bound to be the future
The development of digital economy must be the future. From the day when blockchain was born, the real economy has been given an opportunity and a chance to be reshaped. The representative of overcapacity is the lack of planning and data support. Human health can also be effectively developed according to the digital transformation. Money is the first core driving force of mankind. From the mining, we can clearly know that without Bitcoin and other POW mining, the chip and artificial intelligence industries will not come so quickly. Why? Few people go to segment and understand one thing. POW promotes the development of science and technology. What will happen from the perspective of mining machines? The large-scale adoption of chips can promote the iteration of chip technology. The purchase of a large number of mining machines means a large number of chip purchases. A large number of purchases bring a large amount of funds, which can promote a large number of chip iterations and research and development. Why can SMIC process Kirin, why can NVIDIA have so much money in just a few years, and the subsequent graphics card production has made a qualitative leap. The current digital industry is a wild growth. There are so many useful and useless things, which one is worth holding? Few people think about how the digital economy should be combined with the entity. How to set the economic model. The fourth industrial revolution has begun, but the investment of the real rich has become speculation. Most people are in a state of panic, because no one can recite all the legal provisions. No matter how good a person's memory is, it cannot suppress the fear of the unknown. Because there are too many unknowns in front of us.
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Most people who participate in Bitcoin mining enter quickly, considering their own interests, and never consider what the industry development will affect? ââSo ordinary people will not consider the local
If a normal and formal Bitcoin operation site is established through the filing system, can it be done? The answer is definitely yes, because whether it is the filing of the power department or the license of a formal company, it will promote the healthy development of the industry. The standardization of the market will allow some illegal events to be controlled. The power dispatch will not shut down your mine because it cannot dispatch electricity. This is the most basic.
Now the increase in foreign electricity prices has caused the mining machine to shut down, and the price of the new machine s21 is so high that many miners dare not buy it, and the equipment cannot be shipped out. Then the industry is facing the limit of development, and what is needed is an adjustment, that is, the big short, he wants to suppress the price of mining machines and reduce the income of machines. This adjustment is expected to be in June. Everyone pay attention to the risks. The risk this time is no less than 312 in 2020.
At present, domestic electricity prices are cheaper than foreign electricity prices. Many people donât understand it, because I used to build mines in Laos, Thailand, Nigeria, Kazakhstan and other countries. The electricity fee in Thailandâs industrial zone is RMB 0.65, Laos is 0.695 cents, plus taxes, it is about RMB 0.58. Kazakhstanâs electricity is the cheapest, about 0.3 yuan, but because..., people with shallow roots find it difficult to land locally. Nigeriaâs electricity fee is 0.35 yuan, but the environment is poor and the electricity is unstable. Domestic regular and legal electricity is cheaper and more stable than foreign countries.
If a normal and formal Bitcoin operation site is established through the filing system, can it be done? The answer is definitely yes, because whether it is the filing of the power department or the license of a formal company, it will promote the healthy development of the industry. The standardization of the market will allow some illegal events to be controlled. The power dispatch will not shut down your mine because it cannot dispatch electricity. This is the most basic.
Now the increase in foreign electricity prices has caused the mining machine to shut down, and the price of the new machine s21 is so high that many miners dare not buy it, and the equipment cannot be shipped out. Then the industry is facing the limit of development, and what is needed is an adjustment, that is, the big short, he wants to suppress the price of mining machines and reduce the income of machines. This adjustment is expected to be in June. Everyone pay attention to the risks. The risk this time is no less than 312 in 2020.
At present, domestic electricity prices are cheaper than foreign electricity prices. Many people donât understand it, because I used to build mines in Laos, Thailand, Nigeria, Kazakhstan and other countries. The electricity fee in Thailandâs industrial zone is RMB 0.65, Laos is 0.695 cents, plus taxes, it is about RMB 0.58. Kazakhstanâs electricity is the cheapest, about 0.3 yuan, but because..., people with shallow roots find it difficult to land locally. Nigeriaâs electricity fee is 0.35 yuan, but the environment is poor and the electricity is unstable. Domestic regular and legal electricity is cheaper and more stable than foreign countries.
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Are there any mining farms in China now? The answer is that there are definitely mining farms. Is it illegal? No, is it compliant? No. When Bitcoin mining started in 2017, many people who participated in it were stealing electricity. At that time, many rural areas stole electricity. The most obvious thing around me was the local power company. One line lost 4 solar electricity bills a month. The most direct manifestation was that the lights at home flickered and the air conditioner could not be turned on. Because it affected people's livelihood, the National Development and Reform Commission abandoned mining in 2018. Later, many people around me were sentenced for stealing electricity. Although mining was listed as an obsolete industry in 2018, it did not affect Bitcoin mining. Most miners chose the water resources in Yunnan, Guizhou and Sichuan to mine Bitcoin. In 2019, the National Development and Reform Commission removed Bitcoin mining from the obsolete industry again? Because at that time, miners chose hydropower stations to make state-owned electricity a virtuous cycle, so it was released. So why did it start to be cleared again in 2021? Many people have not studied this issue. Bitcoin has created wealth, but it has affected people's livelihood in 2021? Why? Later, when I was doing research, I found the problem. Yunnan, Guizhou and Sichuan are rich in water resources, but the overall power dispatch is unbalanced. Because in the process of dispatching power by the overall dispatching company, it was found that the mining industry developed too fast, and most of the electricity was used to mine Bitcoin. The dispatch of people's livelihood power was unbalanced, which affected the people's livelihood electricity consumption. The dispatch weight in the power sector is very large, so they have the most say. The Development and Reform Commission will make some measures in conjunction with the opinions of power dispatch. In 2023, I went to the Development and Reform Commissions of various places many times, and they all told me the same thing: Is it illegal to do Bitcoin? It is not illegal, but the use of electricity violates the Electricity Law. I only then knew that there was such a thing as the Electricity Law in China. According to the relevant laws, I learned that I had formal and legal important documents in my hands. According to the interpretation in China's project approval, there are three project approval criteria in China.
1. Approval system: for projects that use government investment and construction;
2. Approval system: for major and restricted fixed asset investment projects that enterprises do not use government funds for investment and construction;
3. Filing system: projects other than those subject to approval and approval systems.
In simple terms, projects that are subject to the approval system and the verification system have reference catalogs formulated by the superior development and reform departments, and projects outside these two reference catalogs are subject to the filing system.
Approval and verification are more difficult and local-level project establishment.
However, the filing system requires relevant patents and business licenses of formal companies.
1. Approval system: for projects that use government investment and construction;
2. Approval system: for major and restricted fixed asset investment projects that enterprises do not use government funds for investment and construction;
3. Filing system: projects other than those subject to approval and approval systems.
In simple terms, projects that are subject to the approval system and the verification system have reference catalogs formulated by the superior development and reform departments, and projects outside these two reference catalogs are subject to the filing system.
Approval and verification are more difficult and local-level project establishment.
However, the filing system requires relevant patents and business licenses of formal companies.
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2024 is a turning point. All the bombs that are going to explode will appear this month. Whether the United States raises or lowers interest rates, the economic collapse and disintegration cannot be changed. The depreciation of the US dollar is definitely synchronized with USDT. The global economic downturn will not only target one country, but will affect all people and countries living on this planet. Digital assets are also like this. There are too many uncertain factors that will cause problems this month! People who do not think about the future will have immediate worries.
First of all, the total global computing power dropped by 140eh last month, accounting for more than 20% of the total. Now all mining machines have meager income and high prices. The market price of s21 is about 26,000 yuan. Foreign electricity prices continue to rise. And mixed with various unstable factors. It is uncertain whether domestic electricity can be released. And because most people involved in mining do not understand whether they violate the law or not. So this potential risk does not need to be said much.
First of all, the total global computing power dropped by 140eh last month, accounting for more than 20% of the total. Now all mining machines have meager income and high prices. The market price of s21 is about 26,000 yuan. Foreign electricity prices continue to rise. And mixed with various unstable factors. It is uncertain whether domestic electricity can be released. And because most people involved in mining do not understand whether they violate the law or not. So this potential risk does not need to be said much.
See original
2024 is a turning point. All the bombs that are going to explode will appear this month. Whether the United States raises or lowers interest rates, the economic collapse and disintegration cannot be changed. The depreciation of the US dollar is definitely synchronized with USDT. The global economic downturn will not only target one country, but will affect all people and countries living on this planet. Digital assets are also like this. There are too many uncertain factors that will cause problems this month! People who do not think about the future will have immediate worries.
First of all, the total global computing power dropped by 140eh last month, accounting for more than 20% of the total. Now all mining machines have meager income and high prices. The market price of s21 is about 26,000 yuan. Foreign electricity prices continue to rise. And mixed with various unstable factors. It is uncertain whether domestic electricity can be released. And because most people involved in mining do not understand whether they violate the law or not. So this potential risk does not need to be said much.
First of all, the total global computing power dropped by 140eh last month, accounting for more than 20% of the total. Now all mining machines have meager income and high prices. The market price of s21 is about 26,000 yuan. Foreign electricity prices continue to rise. And mixed with various unstable factors. It is uncertain whether domestic electricity can be released. And because most people involved in mining do not understand whether they violate the law or not. So this potential risk does not need to be said much.
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June is a month of internal and external troubles
2024 is a turning point. All the bombs that are going to explode will appear this month. Whether the United States raises or lowers interest rates, the economic collapse and disintegration cannot be changed. The depreciation of the US dollar is definitely synchronized with USDT. The global economic downturn will not only target one country, but will affect all people and countries living on this planet. The same is true for digital assets. There are too many uncertain factors that will cause problems this month! If you don't think about the future, you will have immediate worries.
First of all, the total global computing power dropped by 140eh last month, accounting for more than 20% of the total. Now all mining machines have low income and high prices. The market price of S21 is about 26,000 yuan. Foreign electricity prices continue to rise. And mixed with various unstable factors. It is uncertain whether domestic electricity can be released. And because most people involved in mining do not understand whether it violates the law or not. So this potential risk needs no further explanation.
First of all, the total global computing power dropped by 140eh last month, accounting for more than 20% of the total. Now all mining machines have low income and high prices. The market price of S21 is about 26,000 yuan. Foreign electricity prices continue to rise. And mixed with various unstable factors. It is uncertain whether domestic electricity can be released. And because most people involved in mining do not understand whether it violates the law or not. So this potential risk needs no further explanation.
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Today, the total global computing power has reached 687eh. This significant increase in computing power represents how many mining machines are turned on for mining. The computing power represents the degree of prosperity. The higher the computing power, the greater the difficulty, the more participants and the higher the price. Who would mine if mining is not profitable? This is the surface logic. The deeper logic is the power consumption ratio of the machine model, the payback period and the computing power bubble. These things are more complicated. It is expected that the price will exceed 74,000 tomorrow and the day after tomorrow. Let's wait and see.
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How to determine if a person is really capable?
Go and look at the time of his article to see if the things he said have achieved the results he said in the past half month. A treasure account has been found. Does this analyst have the ability? You will know if you learn from him. The articles written on the Internet now are very popular, but I dare not say they are useless. What they say is ambiguous to earn traffic. At the beginning, I predicted the market for three months and it was completely in line with it. There are only a few people who know it, but can they really transfer money? No, because they are not familiar with me at all, and they only know it on the surface. They only know that I am a technician and that my theory is correct. But they still have to verify it, and they dare not use their own rice to do experiments. In the end, they can only pat their thighs. Become my little fan. If you want real predictive ability, the corresponding professional knowledge is certain. Action is necessary. There is no standard answer to what the development of the digital economy looks like. China is moving towards the digital economy. Because we have seen too many slogans of this kind, but how to move forward is how to move forward. It seems to be difficult at present. Why? Because more than 80% of people do not have this part of knowledge at all. Most ordinary people are unfamiliar with this thing. And because telecommunications fraud is rampant, many people do not know how to distinguish the authenticity. Therefore, the digital economy cannot be promoted quickly. But everyone should know that with the emergence of artificial intelligence and the development of blockchain. With the rise of web3, the fourth industrial revolution has begun. Everyone also knows that many existing jobs will be slowly replaced and disappear. Accounting, finance, machines are more reliable than people. The scanning of express delivery has reduced some physical labor for employees in the express delivery industry, accelerated the employment speed, and also lowered the income of couriers. The fourth industrial revolution has slowly changed our lives. Where to go in the future should be to keep learning. Knowing yourself and the enemy, you will never be defeated in a hundred battles. Entrepreneurship is subversion. Why is entrepreneurship difficult? Because creating an industry will kill multiple industries. Entrepreneurship is not employment. The entrepreneurial process will make countless enemies and is extremely difficult, but the rewards of success are worth it.
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What is the relationship between global computing power and coin prices?
The total global computing power represents the development and changes of the industry. Can we infer the changes in the currency price based on the computing power? The answer is yes. Through fixed quantities and variables, a calculation formula can be formed, and it is easy to infer a result corresponding to the currency price. The result is very close to the currency price. It is not an easy thing to be very close, because you need to know the changes in the industry, what changes, and what kind of equipment appeared at what time? What is the power consumption ratio, and how much electricity expenditure you need to be able to calculate the result. You need to understand the popularity of the equipment. You need to have a deep understanding of what the incremental changes in the market represent. Mining and currency speculation must be fully combined to get more accurate results. As mining bosses, will they study computing power? The answer is no, because mining bosses do not know how to debug machines and do not think about the computing power of the entire network. They only look at how much money they make in a day. Will currency speculators look at the global computing power? They may look at it, but they do not understand mining and it is difficult to understand the research and development and popularization of equipment. Only people like me who have been working on the front line for a long time in mining farms and understand technology will do things that others find boring. But I did what 99.9% of people can't do. I had many chat records in 2020 to prove that my way is correct.
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How to develop in the cryptocurrency world for a long time?
I personally think that we must look at it from the perspective of sustainability in order to find the driving force for sustainable development in the currency circle. What does Bitcoin bring? Free currency. Is there anything else? Yes, from the basic point of view, the most representative of this industry is the chip, because Bitcoin's POW drives the development of equipment and chips. Think about it, only with a large number of chip purchases can there be a large number of productions, and only with the competition of companies can the entire chip development and iteration be driven. Imagine the development of computer CPUs at the beginning. There were only two CPUs that continued to be produced and iterated, one for AMD's low-end market and one for Intel's high-end market. The purchasing power of the Chinese market at the time promoted the development and iteration of these two companies. Then let's look back at the development of Bitcoin. How many years did it take us to go from 14 nanometers to 7 nanometers? What can you see from the power consumption of the mining machine? The most advanced Bitcoin mining machine is 18w/T. Let's take a look at 2017, which was 140w/T. From the market, we can see what the development of this industry is related to, and the degree of prosperity? How to observe the prosperity is to follow the growth of Bitcoin's difficulty and computing power. From the essence, we can get a result. I personally made an algorithm based on the development and changes of the industry. The fundamentals can calculate the price of Bitcoin, which is very useful. We can even infer future changes from the changes. The most outstanding prediction is the overall change from September to December 2023. That prediction was a full 3-month change, and the trend was exactly the same. At that time, I gained a lot of iron fans. This kind of big data observation is a correct learning direction for the changes and development of the industry. I personally come from a technical and basic background. Thank God for giving me the opportunity to enter the industry and become a scholar. I originally entered the industry to do cooling systems, and I designed the world's first bottom air intake structure. I have four patents for cooling structures. Since I entered the industry in 2014, I have been engaged in mining construction and operation. I have made mining construction plans for four foreign countries. Now my patents are still being copied by several companies. Li Peicai of Shanghai Wayi copied my patent, although I can't do anything about it. Talking about it can also release the unpleasant mood.Entering an industry and learning from others is one thing, but taking the initiative to learn and looking inward is the right thing to do. The changes in the industry are dynamic. By looking at the variables quantitatively, we can find the rules. Finding changes based on the rules is the core, but it is a long-term and difficult task.
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Audius has broken out of a descending triangle pattern with high volumeđ§
Keep a close eye on price action for confirmation of upward momentum near the broken resistanceđ
If trend persists, we might see rise towards $0.15, $0.17, $0.21, and $0.27đŻ
#AUDIO #CryptoDawar #SCRSpotTradingOnBinance #HotTrends #TrendingTopic $AUDIO
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