The difficulty of Bitcoin mining continues to increase, where will the mining farms go in the future?

The difficulty of Bitcoin mining continues to increase, where will the mining farms go in the future?

Recently, both Bitcoin and Ethereum hashrates have declined. From April 9 to April 15, 2018, the average hashrate of the entire Bitcoin network was 24.02 EH/s, a decrease of 0.415% from the previous week.

The average hash rate of the entire Ethereum network is 248.34 TH/S, a decrease of 2.97% from last week.

Currently, the top five major mining pools are stable, and the rankings of the last three of the top five have changed. ViaBTC and SlushPool both dropped one place, and BTC.top rose two places to third place.

In the past week, the total number of blocks produced by the Ethereum network was 41,705, a decrease of 1.33% from the previous month. The top five mining pools were Ethermine, f2pool_2, SparkPool, Nanopool and miningpoolhub_1, producing 11,220, 6,842, 6,378, 5,727 and 4,187 blocks respectively, accounting for 26.9%, 16.4%, 15.29%, 13.73% and 10.04% respectively.

In the past, a laptop computer could be used for mining, but later it was replaced by a gaming-grade computer, and now only specially designed mining machines can make a profit. As the difficulty of mining increases, where will the mining farm go in the future? We may be able to look forward to it from some unusual dynamics.

Huobi recently officially launched its mining pool business, which is also the world's first mining pool platform that integrates digital currency mining and trading.

At present, the world's four largest mining pools, F2Pool, BitFury, BTCCPool and BW.comz, account for more than 90% of the mining market share. How will Huobi get a share of the market by launching its mining pool business?

Huobi Mining Pool adopts multiple distribution modes such as FPPS, and pays the miners according to the computing power they contribute. Miners can increase their income by about 5%. Secondly, Huobi Point Card packages can be used to offset the miners' transfer fees. In short, miners earn as much as they dig, and Huobi Mining Pool contributes servers to users free of charge.

In other words, Huobi’s entry into the mining sector should not only be to increase mining as a new profit growth point, but to establish a complete ecological system from mining to trading, and the mining pool is only one link in it.

We can see from the actions of Huobi, such as the Blockchain Application Research Institute, Huobi Incubation Room, and Global Ecological Fund, that Huobi wants to use HT to connect the upstream and downstream industrial chains of digital assets, and also expand the application scenarios of HT, so as to have the right to speak in all fields of the entire blockchain ecosystem. In this way, the number of Huobi users, the activity level, and the liquidity of the platform will be further improved. By then, HT is very likely to become the hard currency of the currency circle, and investors may wish to hold on to HT in their hands.

Huobi has officially launched its mining pool business. The revelation to other mining farms is that only by placing the mining farm into a more macro system can the mining pool achieve the effect of 1+1 being greater than 2.


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