Mining Monthly Report: The market plummeted, the computing power decreased, where should miners go?

In March, the crypto market experienced a plunge, with the total market value of crypto assets and the prices of mainstream crypto tokens plummeting. As a result, the profitability of mining has declined compared to February, and the mining industry has become less popular.

Due to the general decline in token prices and the upcoming production cuts for mainstream mining tokens, the computing power of the entire network has dropped significantly this month.

As the flood season gradually approaches, the electricity charges of the entire network have been reduced, and the mining cost has decreased. The prices of mining machines such as the Antminer S17+ series and the Avalon 1066 series have dropped significantly, and the static payback period of mining machines has been shortened.

There are many types of cloud computing market products and various forms of purchase. Among the mainstream cloud computing products, at the current BTC price, the BitDeer S19 Pro series has the highest net profit per unit computing power.

In terms of mining hotspots, ETC and BCH are experiencing production cuts; Panda Power, a technology-based comprehensive mining service company, received 30 million in Series A financing; Antminer E3 may be eliminated, and the computing power of the entire ETH network is expected to be greatly reduced.

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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