Although halving is a topic that has been talked about a lot, it still needs to be mentioned here because it is what most people believe in. First of all, you should know that in the two halvings in history, the real bull market only came about a year after the production cut, not before the production cut, so it is not realistic to expect Bitcoin to soar now. What is more important to know is that the basic logic of the halving leading to a bull market is that the supply in the market will decrease, or the number of miners who perform "mining, selling and withdrawing" will be halved. If the demand side, that is, the buying side, remains unchanged, the price of the currency will naturally rise. This year’s flood season is even more special, and miners will also face a major industry event that happens once every four years: the Bitcoin block reward halving. Therefore, with the blessing of the flood season and the halving, this year’s mining situation is particularly complicated. In 2020, the combination of factors such as Bitcoin halving, flood season, epidemic, oil crisis, economic crisis, etc. will bring great uncertainty to the cryptocurrency market, especially the mining industry. Judging from the overall economic situation in the world today, mining is still one of the best investment products. Under the financial tsunami, the short-term fluctuations in currency prices will increase. Remember not to buy at the bottom at will, but this is a good entry opportunity for low-cost miners. Assuming that the price of the currency does not rise for the time being after the halving, and high-cost miners are not profitable, the withdrawal of this part of the miners is expected to reduce the computing power of the entire network by at least half, reduce the difficulty of mining, and increase the returns of low-cost miners who persist. This is a dynamic balance process. If miners want to plan ahead and wait for the right time, buying second-hand machines at the bottom is a good choice. Second-hand machines are cheap and can be used as transition machines in the current special period. They can not only ensure stable coin output, but also effectively avoid the high costs caused by the iteration of new machines and limited production capacity, and take the lead calmly after the halving. Here I would like to remind all my mining friends that when buying second-hand machines, you must be careful to avoid pitfalls and try to choose compliant and stable partners, preferably regular manufacturers. |