Bitcoin Mining Revenue Analysis - Mining Development Direction

Mining development direction

The development of mining is closely related to the development of Bitcoin. A brief review of the history of mining shows these changes:

1. Taking the beginning of 2013 as the boundary, the entire mining history can be divided into the CPU/GPU mining era (before 2013) and the ASIC dedicated chip era

Mining era.

2. In the CPU/GPU era, the total network computing power was almost negligible compared to today’s 180P, the mining difficulty was very low, and the corresponding hardware and power consumption costs were also

It is very low and does not require high technical skills. You can mine by installing a software on your home computer.

3. The first generation of ASIC chips entered the market around the beginning of 2013. The computing power of the first generation of ASIC chips did not increase much, but this was a

Major historical events are as significant to mining as the little red hair salon by the train station being upgraded to the Dongguan industrial chain, beginning the path of specialization.

4. The emergence of professional mining machines makes large-scale mining possible, which brings about:

I. The computing power of the entire network has increased dramatically, and the difficulty of mining has also increased accordingly. From 2013 to now, the computing power of the entire network has increased dramatically!

II. The technical and deployment thresholds for mining have been raised, and the corresponding costs and capital requirements have also increased significantly. Mining is no longer an individual game, and the direction of scale, specialization, and capital operation has gradually become clear.

5. The mining industry chain matures, large-scale, professional, and team-based mining becomes the mainstream, and resources begin to concentrate.