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300 Billion Market Capitalization Cleared Overnight to Read The Ins and Outs of The LUNA Crash

It takes 44 days to fall from 100 to 1 dollar in the stock market, but it only takes 48 hours to clear the currency circle. On May 9th, the digital currency LUNA plummeted and caused the currency circle earthquake. LUNA coins fell all the way from US $90 to 5 zeros below the decimal point directly . By the way, it also brought down all the digital currency markets and became headlines in various countries. In this industry earthquake, some people became rich overnight, but more people lost their money, and some currency speculators could not bear the huge blow and chose to commit suicide. Next, let’s sort out the ins and outs of the whole incident and talk about the enlightenment of this incident.

What is PoW? Why Can Mining Make Money? Where Does the Money Come From?

Consensus mechanism is a rule that every nodes in the blockchain must comply to. Generally speaking, everyone needs to agree with the framework they are in. Its value comes from the recognition of each nodes. For example, the money we use in the real world is not only because the government has given “this piece of paper” value, but more importantly, each of us agrees that “this piece of paper” is valuable. If you don’t understand, you can refer to the development of “money” in the primitive society without rulers. The current mainstream Consensus mechanism is divided into two types, one is PoW Consensus mechanism and the other is PoS Consensus mechanism., Today, I will mainly introduce PoW Consensus mechanism.

This Jasminer X4-1U Made Your GPUs OBSOLETE

In todays video I am checking out the one and only Jasminer. This thing is absolutely amazing and if ETC is your next go to after ETH moves to POS then get rid of your GPUs now because they can’t touch the power and efficiency of this new ASIC miner. In this video I go threw Power, OC Settings, Set-up, Noise Levels, Pros and Cons, and where to purchase.

How To Calculate Your Mining Profit

Although ETH is no longer available for POW mining, the majority of coins compute mining earnings in the same way.The general calculations for these vital mining income data is shown below. You can calculate your income in the same way according to the cryptocurrency you mine.

Why We Mine With a Professional Asic Miner Rather Than a GPU miner?

The majority of users may pick graphics cards for mining. So mining with graphics cards must be superior to mining with asics? In actuality, mining on graphics cards and asics both offer benefits. You can select a better option based on your own needs. A inexpensive graphics card can help you get started quickly if you’re just getting started, but if you want to invest a lot of money to obtain better returns, an asic miner would be a better option.

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