The halving coincides with a flood season, and 30% of miners may leave the market?

In April, BTC led the crypto market, while other mainstream tokens all experienced different degrees of correction, and the total market value of crypto assets increased by nearly 40%.

On May 12, the BTC block height reached 630,000, and the BTC mining block reward was reduced from 12.5 BTC to 6.25 BTC.

Although the electricity price of the entire network continues to decline and the price of BTC has risen sharply with the arrival of the flood season, the payback period of BTC mining machines has been greatly increased due to the halving of BTC block rewards, especially for small-power mining machines. Some miners may choose to shut down their mining machines.

There are many types of cloud computing power products in the market, and the purchase forms are diverse. Affected by the halving of BTC block rewards, the net income per unit of computing power of mainstream cloud computing power products has dropped significantly. At the current BTC price, the OXBTC S17 cloud computing power product even has negative income.

In terms of mining hotspots, Poolin mining pool: After BTC halving, 30% of BTC miners will shut down their mining machines; Bitmain’s internal strife escalates, and a license grabbing incident occurs; Sichuan Ya’an introduces policies to support the blockchain industry, and the mining farms may be upgraded.

Tongzhengtong Research has launched a series of monthly mining reports, which show the current status and monthly changes of the mining market through data analysis. This report mainly includes content about token prices, computing power, mining difficulty, mining machine market, mining pool computing power distribution and cloud computing power market in the mining field.

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