What does 24 18’s computing power mean (what does 24h computing power increment mean)?

What does 24 18’s computing power mean in terms of the computational power of the Bitcoin network? The computing power of a 24-year-old is 14M, but in terms of the specific numbers, this data is still quite small. According to the latest data, the 7-month moving average of the network’s computing power (EIP-1559) has reached 13.94 billion Thash/s.

So what does the computing power of 24 years mean? In simple terms, it refers to the quantity and speed of problems that an ordinary person’s computer can handle, which means that you need to spend as much money as you use Chinese yuan for mining. Therefore, many people know that the meaning of the term “2418” is “novice”.

What does 24h computing power increment mean?

According to Tokenview block explorer data, what does the 24h computing power increment mean? After reaching its peak on December 19, 2017, the increase in the average computing power of Bitcoin’s entire network reached 15%.

If calculated based on the current BTC price, a new mining node is generated every 10 minutes; then this transaction is confirmed (note: 7 days before 2016), and the added effective computing power of 20,000 validators per hour and the total output is about 1.3 billion Chinese yuan.

From a historical perspective, with the rise in the price of the coin, there are also more and more new miners joining every day. But what happens to these new entrant mining companies? We can understand them as “small participants,” but they will not affect the overall situation. Because currently, most mining machines are listed overseas or have already started operating, so they may not have the ability to enter the domestic market as they did before.