{"id":2795,"date":"2022-10-19T18:51:24","date_gmt":"2022-10-19T18:51:24","guid":{"rendered":"http:\/\/monsterblockhk.com\/?p=2795"},"modified":"2022-10-20T04:47:22","modified_gmt":"2022-10-20T04:47:22","slug":"%e7%9f%ad%e6%9c%9f%e5%b8%82%e5%a0%b4%e5%8d%b1%e6%a9%9f__trashed","status":"publish","type":"post","link":"https:\/\/monsterblockhk.com\/en\/%e7%9f%ad%e6%9c%9f%e5%b8%82%e5%a0%b4%e5%8d%b1%e6%a9%9f__trashed\/","title":{"rendered":"Short-term market crisis"},"content":{"rendered":"
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Data source: CryptoQuant<\/span><\/h6>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t
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Hash Rate (Arithmetic Power) Hash Rate<\/h1>\t\t\t\t<\/div>\n\t\t\t\t
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Arithmetic power refers to the total computing power used to mine and process transactions on a Proof-of-Work (PoW) blockchain, and is an important metric used to assess the security of a blockchain network. It is a measure of a miner's ability to protect the Bitcoin network from attacks, and all other things being equal, increasing arithmetic power means that the security of the Bitcoin network is also increasing.<\/p>

For example.51% Attack<\/strong>It is when a single individual or a group of attackers purchases or rents enough mining equipment to control more than 50% of the blockchain hash rate. Since the blockchain is trustless and adheres to rules known as the \"Longest Chain Rules\", an individual or group controlling a large portion of the hash rate could theoretically block or reorganize a transaction, or even undo their own payment. This creates a Double Spending problem, which completely undermines the integrity of the underlying blockchain.<\/p>

As a result, the increase in hash rate means that the cost of performing a 51% attack increases significantly, making the network less vulnerable to attacks.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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How to analyze it?<\/h2>\t\t\t\t<\/div>\n\t\t\t\t
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The graph shows that the Bitcoin network's computing power was about 260M TH\/s in December 2017, and as more and more miners join the network, the difficulty of mining is also increasing. In fact, the Bitcoin computing power broke a new high a week ago (9th), and now the data has dropped a little, but still at a high position, reflecting that more and more miners are joining the competition, but at the same time, it also brings problems....<\/p>

Even though the market is currently in a bear market and the price has dropped more, the computing power has been increasing and even reached All Time High, which at the same time has made mining more difficult, resulting in lower returns for miners. Due to the increase in the number of miners, the amount of money that each person can share equally with the miners has increased.Block<\/span>The rewards are naturally reduced, and for those of you who are not familiar with Bitcoin, let me briefly explain what the rewards are here:<\/span><\/p>

Block Reward is the reward a miner receives for solving a mathematical problem and creating a new block. In the case of Bitcoin, for example, Bitcoins are mined at a constant, but decaying, rate, generating a new block roughly every ten minutes, with each new block accompanied by a certain number of brand new Bitcoins that have been created from scratch.The reward is halved for every 210,000 blocks mined, and the cycle is four years. From the first 50 Bitcoins\/block when Bitcoin was invented to 12.5 Bitcoins\/block after 2016, it will reach a total of nearly 21 million Bitcoins in 2040, after which new blocks will no longer contain Bitcoin rewards and miners will earn all of their revenue from transaction fees.<\/span><\/p>

Back to the point, now.<\/span>Try to put yourself in the shoes of a miner. When you buy a mining machine at a high cost, and then you have to pay a high electricity fee, and at the same time, there are many people mining with you, so your potential return is decreasing and your risk is increasing. If the high power situation happened in a bull market, of course it would be fine because everyone is making money (Bitcoin price is rising), but now we are in a bear market, and the problem is that some miners can't afford to invest in a high-cost, low-reward investment.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t

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The problem is obvious.<\/h2>\t\t\t\t<\/div>\n\t\t\t\t
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When small miners (small in comparison) who don't have enough capital to support large miners can't afford to leave the market, they may have to sell their bitcoin holdings to \"fill their homes\", resulting in a selling force in the market. Of course, I'll be honest here, no one is saying that it will definitely go down, but that's what the data on the chain can make us think about, and all the things we can speculate on are derived from analyzing the data. No matter what the result is, too much power is something to watch out for!<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t

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OKX Exchange Introduction\uff5cInside the account 20% free of charge offer<\/a><\/span>
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Bitget Launchpool Win 150,000 XRP Prize Pools<\/a><\/span>
Bitget Zero Fee Trading - 5 Incentive Programs<\/a><\/span>
Five Tools for Finding Potential NFT Explosion Projects<\/a><\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t

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\u6578\u64da\u5716\u6e90\uff1aCryptoQuant \u54c8\u5e0c\u7387\uff08\u7b97\u529b\uff09Hash Rate \u7b97\u529b\u6307\u7528\u65bc\u5728\u5de5\u4f5c\u91cf\u8b49\u660e (PoW) \u5340\u584a\u93c8 […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"ocean_post_layout":"","ocean_both_sidebars_style":"","ocean_both_sidebars_content_width":0,"ocean_both_sidebars_sidebars_width":0,"ocean_sidebar":"0","ocean_second_sidebar":"0","ocean_disable_margins":"enable","ocean_add_body_class":"","ocean_shortcode_before_top_bar":"","ocean_shortcode_after_top_bar":"","ocean_shortcode_before_header":"","ocean_shortcode_after_header":"","ocean_has_shortcode":"","ocean_shortcode_after_title":"","ocean_shortcode_before_footer_widgets":"","ocean_shortcode_after_footer_widgets":"","ocean_shortcode_before_footer_bottom":"","ocean_shortcode_after_footer_bottom":"","ocean_display_top_bar":"default","ocean_display_header":"default","ocean_header_style":"","ocean_center_header_left_menu":"0","ocean_custom_header_template":"0","ocean_custom_logo":0,"ocean_custom_retina_logo":0,"ocean_custom_logo_max_width":0,"ocean_custom_logo_tablet_max_width":0,"ocean_custom_logo_mobile_max_width":0,"ocean_custom_logo_max_height":0,"ocean_custom_logo_tablet_max_height":0,"ocean_custom_logo_mobile_max_height":0,"ocean_header_custom_menu":"0","ocean_menu_typo_font_family":"0","ocean_menu_typo_font_subset":"","ocean_menu_typo_font_size":0,"ocean_menu_typo_font_size_tablet":0,"ocean_menu_typo_font_size_mobile":0,"ocean_menu_typo_font_size_unit":"px","ocean_menu_typo_font_weight":"","ocean_menu_typo_font_weight_tablet":"","ocean_menu_typo_font_weight_mobile":"","ocean_menu_typo_transform":"","ocean_menu_typo_transform_tablet":"","ocean_menu_typo_transform_mobile":"","ocean_menu_typo_line_height":0,"ocean_menu_typo_line_height_tablet":0,"ocean_menu_typo_line_height_mobile":0,"ocean_menu_typo_line_height_unit":"","ocean_menu_typo_spacing":0,"ocean_menu_typo_spacing_tablet":0,"ocean_menu_typo_spacing_mobile":0,"ocean_menu_typo_spacing_unit":"","ocean_menu_link_color":"","ocean_menu_link_color_hover":"","ocean_menu_link_color_active":"","ocean_menu_link_background":"","ocean_menu_link_hover_background":"","ocean_menu_link_active_background":"","ocean_menu_social_links_bg":"","ocean_menu_social_hover_links_bg":"","ocean_menu_social_links_color":"","ocean_menu_social_hover_links_color":"","ocean_disable_title":"default","ocean_disable_heading":"default","ocean_post_title":"","ocean_post_subheading":"","ocean_post_title_style":"","ocean_post_title_background_color":"","ocean_post_title_background":0,"ocean_post_title_bg_image_position":"","ocean_post_title_bg_image_attachment":"","ocean_post_title_bg_image_repeat":"","ocean_post_title_bg_image_size":"","ocean_post_title_height":0,"ocean_post_title_bg_overlay":0.5,"ocean_post_title_bg_overlay_color":"","ocean_disable_breadcrumbs":"default","ocean_breadcrumbs_color":"","ocean_breadcrumbs_separator_color":"","ocean_breadcrumbs_links_color":"","ocean_breadcrumbs_links_hover_color":"","ocean_display_footer_widgets":"default","ocean_display_footer_bottom":"default","ocean_custom_footer_template":"0","ocean_post_oembed":"","ocean_post_self_hosted_media":"","ocean_post_video_embed":"","ocean_link_format":"","ocean_link_format_target":"self","ocean_quote_format":"","ocean_quote_format_link":"post","ocean_gallery_link_images":"off","ocean_gallery_id":[],"footnotes":""},"categories":[32],"tags":[],"class_list":["post-2795","post","type-post","status-publish","format-standard","hentry","category-new-articles","entry"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t