🌐 Bitcoin mining is coming to an end, with more than 94% currently mined 💰

The total number of Bitcoins is 21 million, which is a well-known fact. But you know what? According to the latest X tweet monitoring data from HODL15Capital, 19.7579 million Bitcoins have been successfully mined on the market, which means that more than 94% of Bitcoins have been created.

In other words, there are currently only about 1.2421 million Bitcoins left, which is 5.91% of the total, waiting for miners to mine.

This data reflects that Bitcoin’s scarcity is becoming more and more significant. As the number of Bitcoins that can be mined decreases, the value of Bitcoin may attract more attention, which also seems to indicate that the difficulty of mining Bitcoin may further increase, potentially pushing up its market price.

🔍 Bitcoin Scarcity

Bitcoin’s scarcity is an important support point for its value. As more Bitcoins are mined, the remaining ones become rarer, which may attract more investors and collectors.

🚀 Increased mining difficulty

As remaining Bitcoins dwindle, an increase in mining difficulty is inevitable. This means miners will need more computing power and higher energy consumption to mine the remaining Bitcoins.

Do you think Bitcoin’s scarcity affects its price movement? What impact will the increase in mining difficulty have on miners and the environment? What factors do you look for most when investing in cryptocurrencies?

#比特币 #加密货币 #挖矿难度

There are still people in the cryptocurrency community setting up mining rigs, but the process has become more specialized and centralized, especially when it comes to mining large cryptocurrencies like Bitcoin. Setting up a mining rig (or mining farm) requires the following main steps and cost considerations:
1. Hardware cost
• ASIC Mining Rig: Application Specific Integrated Circuit Mining Rig (ASIC) used for Bitcoin mining. Prices range from a few thousand dollars to tens of thousands of dollars, depending on performance and model.
• GPU Miners: Graphics processing unit (GPU) miners for cryptocurrencies such as Ethereum. The price of each GPU ranges from a few hundred to several thousand dollars, and multiple GPUs are often required.
• Other hardware: including motherboard, power supply, cooling system, chassis, etc.
2. Electricity costs
• Electricity: Mining equipment consumes a lot of electricity, so electricity is one of the major costs. Choosing an area with lower electricity costs to set up a mining farm can significantly reduce costs.
3. Network costs
• Internet connection: A stable network connection is required to communicate with the blockchain network.
4. Maintenance and management costs
• Maintenance personnel: Technicians are needed for equipment maintenance and management.
• Cooling system: An efficient heat dissipation system ensures that the equipment operates at a suitable temperature and avoids overheating damage.
5. Initial investment and operating cost estimation
• Initial investment: Initial investment can range from tens of thousands of dollars to millions of dollars, depending on the number and specifications of the equipment.
• Operating costs: Mainly including electricity bills, network fees and personnel salaries, which may range from thousands to tens of thousands of dollars per month.
6. Regulatory and Environmental Considerations
• Legal compliance: In some countries and regions, mining is strictly regulated and requires relevant licenses.
• Environmental issues: The high energy consumption of mining has triggered environmental concerns, and some regions have implemented restrictions on high-energy-consuming mines.
As mining difficulty increases and specialization develops, the profit margins for individual mining become smaller and smaller, so more people choose to join mining pools or invest in mining farms to share costs and risks. #挖矿算力 #挖矿难度 #矿机

🚀🥳🔥The big one is coming, the golden shovel quality project will be mined if you press the head! ! ! What exactly is it? 🔥

#Solvis a protocol invested by Binance. The platform TVL has exceeded 20,000 BTC. The background and strength are very strong. The Solv ecosystem is developing strongly, cooperating with more than 10 public chains. Multiple Bitcoin second-layer and DeFi protocols have withdrawn from SolvBTC and SolvBTC.BBN's first mines. It is a golden shovel! The second-layer network Mezo is also one of them. Recently, it has raised 28 million dollars. Using SolvBTC or SolvBTC.BBN to mine can get acceleration, with an annual rate of up to 109%. Participation tutorial: 1. Go to Mezo mezo.org/hodl-with/solv 2. Enter the password "SOLV1" and stake SolvBTC or SolvBTC.BBN. Reward mechanism: ⁃ Solv points, SolvBTC 6xp, SolvBTC.BBN 12xp ⁃ Mezo basic mats reward (1000 mats/BTC) ⁃ Mezo lock-up acceleration reward ⁃ 2 months: 3x ⁃ 6 months: 10x ⁃ 9 months: 16x ⁃ Solv exclusive double mats acceleration

#SolvBTC #BNB金鏟子 #solv #金铲子 #挖矿难度

According to Cointelegraph, the upcoming Bitcoin halving may drive the Bitcoin network to shift toward greener, more sustainable energy sources. As Bitcoin's block rewards are halved, the profitability of mining companies may be affected, which may prompt them to seek more efficient ways to use capital, including using sustainable energy. Matteo Greco, a research analyst at Fineqia International, said that this trend may increase the use of renewable energy in Bitcoin mining.
Bitcoin has been criticized for its high energy consumption and reliance on fossil fuels. But according to the research report "Bitcoin ESG Forecast" by Daniel Batten, managing partner of CH4 Capital, by the end of January 2024, more than 54.5% of the energy consumption of the Bitcoin network will be provided by renewable energy. Greco pointed out: "The Bitcoin mining mechanism incentivizes efficiency improvements, which may be one of the main reasons for the network to move in a more sustainable direction. The mining reward mechanism promotes efficiency improvements, enhances network security, reduces carbon emissions, and promotes research on sustainable block confirmation methods."
#比特币减半 #挖矿难度 #矿工

#挖矿难度 #挖矿算力 The electricity consumption of Fuzhou Genesis Mining Company accounted for one-tenth of the entire city of Fuzhou. It can be seen that the energy consumption is huge, but the tax revenue and employment created are very few. It should be cracked down! $BTC

I only have 90,000 dollars in various coins now. I am thinking about whether to exchange them for 100 BNB and rely on mining. I haven't calculated the specific income, so I don't know how feasible it is. Can anyone help me answer this question? $BNB $SOL $BONK #挖矿在Binnce #挖矿难度