When can Biyuan Chain mine (can Biyuan Chain increase to 600 in the future)

When can Biyuan Chain mine? When can Biyuan Chain mine? On June 8, 2019, under the auspices of Pan Zhibiao, the co-founder of Coin Seal, Chen Tianqiao, the initiator of the original blockchain technology community, announced his latest “Report on the second half of 2018”. The report shows that Bitcoin prices continued to rise in the first quarter of 2020, but its market value did not reach its highest point since the end of 2017 From the data, it can be seen that in the third quarter of 2019, Bitcoin’s computing power increased significantly, and the difficulty of the entire network increased significantly; However, with the halving of Bitcoin block rewards and the increase in mining profits, the difficulty of Bitcoin network has begun to decline

Can it increase to 600 in the future compared to the original chain

Editor’s note: This article is based on data, and is reprinted by the Daily Planet Daily with authorization

BTM is one of the most popular Cryptocurrency in the blockchain field after Bitcoin and Ethereum. It was created by Satoshi Nakamoto on January 11, 2013, aiming to make decentralized technology possible and change the world. Its working mode is similar to a “shared database” in the The Internet Age, and this distributed network allows users, nodes and applications to communicate with each other. However, due to the use of a new consensus mechanism and the absence of any new algorithms, BTM did not truly begin to exist as a universal digital asset, but was positioned as a fundamental component of the original chain From April 2015 to the end of June 2017, there were several bear markets during this period, but it has now reached the beginning of 2019. Since the beginning of this year, as the price of Bitcoin has risen, it has also experienced significant fluctuations – falling below $200 for the first time since 2014 According to CoinMarketCap data, Bitcoin experienced a 24-hour increase of 12.8%. Nevertheless, BTC is still at a low level, falling nearly 30% from its previous historical high; As of the time of publication, BTC has quoted $6021 According to Coinmarketcap data, there are currently over 80000 investors participating through the purchase of BTM. Jihan Wu, the co-founder of Bitmain, once told the media that he expected to increase by 10% or more than 20%. The Biyuan team is studying the market situation of mining machine chips and how much Bitcoin has been dug up. In addition, many people have expressed optimism about the future price trend of BTM, and industry leaders including its CEO Chen Lei believe that it can outperform Bitcoin.