The market is down and production cuts are imminent. How long will the mining winter last?

In February, the total market value of the crypto market and the prices of mainstream crypto tokens were in a downward trend. Affected by this, the profitability of mining has dropped significantly compared with January, and the popularity of the mining industry has declined.

Affected by the general decline in token prices and the approaching date for the reduction in production of mainstream mining tokens, some miners adopted a wait-and-see attitude, resulting in a decrease in the computing power of the entire network this month.

In addition, the downward trend in token prices has also led to an extension of the static payback period of mining machines and a reduction in the income from computing power leasing and mining.

There are many types of cloud computing market products, and the purchase forms are diverse. Among the mainstream cloud computing products, the BitDeer S17Pro series with a term of 360 days has the highest net income per unit computing power at the current BTC price.

In terms of mining hotspots, Kraken released a report saying that the BTC halving will cause the global mining industry to lose $3.1 billion in annual revenue; Ethereum core developers reached an agreement on the implementation of ProgPoW, which is tentatively scheduled to be carried out in July; a Chinese consortium plans to purchase the largest BTC mining farm in Latin America.

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.