The Next Blue Ocean of Distributed Ledgers - Distributed Computing
$BTC #Pi The computing power of nodes in traditional blockchains (such as Bitcoin and Ethereum 1.0) is mainly used for one thing: consensus.
· Proof of Work (PoW): Computing power is used to solve meaningless hash puzzles to compete for bookkeeping rights. Here, 'computing power' refers to the speed of calculating hashes. · Proof of Stake (PoS): Computing power is primarily used to validate blocks, sign, and run smart contract virtual machines (such as EVM), but its scale and purpose still revolve around maintaining the security and consistency of the ledger.
The vision of the Pi Network is to allow the computing power of nodes to serve not only consensus but also to become a decentralized, universal computing resource pool. The underlying technical philosophy can be summarized in the following points.
Ethereum ecosystem tokens generally rise, with UNI leading at 19.3%
According to BlockBeats, on May 29, Ethereum surged strongly, and Ethereum ecosystem tokens generally rose. UNI's daily increase reached 19.3%, currently priced at 7.51 USD. EIGEN's increase was 16.9%, currently priced at 1.79 USD. LDO's increase was 11.7%, currently priced at 1.01 USD. ETHFI's increase was 10.1%, currently priced at 1.52 USD. ARB's increase was 9.7%, currently priced at 0.4387 USD.
On average, it's the same as the average salary in China, just take a look. The low cost in front is over ten million, while the cost of digging in the back is high.
Binance News
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The average cost for BTC miners is $36,800, with a profit margin of 182%
According to Odaily Planet Daily, CryptoQuant analyst Axel Adler Jr stated that the average cost of mining BTC for miners is around $36,800 per coin. The price difference between the current BTC market price and the mining cost per BTC is 182%. This level corresponds to the beginning of the bull market cycle in November 2022 and the original cycle's peak price of $100,000. A price increase above this level would restore miner profits to levels seen after the last halving and reach excess profits comparable to those at the start of the bull market in January 2023.