There is not much time left for Bitcoin miners in the Southwest.
Recently, the high water period in Southwest my country has ended and entered a normal water period. After another month, the dry period will come. Some hydropower mines are beginning to prepare for the transfer.
Affected by this, the computing power of Bitcoin mining pools has dropped significantly. According to BTC.com data, as of 18:00 on October 26, the top three mining pools have fallen close to 20%, among which: F2Pool has a 24-hour decline of 19.31%, Poolin has a 24-hour decline of 19.50%, and BTC.com has a 24-hour decline of 19.17%. In addition, among the top 15 mining pools, MiningCity has the largest decline, with a 24-hour decline of 61.14%, followed by Spiderpool, with a 24-hour decline of 50.32%.
Based on past experience and actual situation, F2Pool CMO Li Qingfei told Golden Finance: “This round of mining machine migration is still mainly in Xinjiang and Inner Mongolia. However, the epidemic in Kashgar, Xinjiang will affect the migration of mining machines to a certain extent. There are not many mines in Kashgar.” Shenyu, the co-founder of F2Pool, expressed the impact of the Kashgar epidemic more intuitively: “The epidemic in Kashgar just caught up with the transition from high to low; many mining machines are still on the way. “At the beginning of this year, when the new crown epidemic broke out, some mines in Xinjiang stopped working because of traffic and materials cut off and personnel unable to move.
However, in this year’s “Migration with Electricity” movement, Kazakhstan has also become one of the migration destinations of choice (from September 2019 to April 2020, Kazakhstan concentrated 6.17% of Bitcoin’s computing power. Fourth place). For example, ViaBTC Pool today announced that it has reached a global strategic cooperation with Enegix, an overseas mining farm, in Kazakhstan. It is reported that Enegix has the largest Bitcoin mining data center of 180 megawatts, with electricity costs as low as 3.7 cents (about 2.48 yuan) per kilowatt hour.
The decline in computing power means an adjustment to the difficulty of mining. BTC.com predicts that the next Bitcoin mining difficulty will drop by 2.22%, about 19.55T, and the current network-wide difficulty is 20.00T, a record high.
When participating in the event, Chen Lei, the founder of BitBlue Whale, said that the difficulty of Bitcoin mining has hit new highs recently. This is the last carnival before the end of the rainy season. Because the overall computing power is too large, the current static value of mining revenue is very low. , But the characteristic of the mining industry is uncertainty. If you look at the dynamics, the scale of computing power will definitely change, and the currency price will also change.
