Why does cloud computing power decrease (how long will cloud computing power break even)?
Why does cloud computing power decrease? The cloud computing market has undergo
Why does cloud computing power decrease? The cloud computing market has undergone changes. Starting from 2013, with the continuous rise in the price of Bitcoin, the price has been continuously declining and eventually sold at the lowest price, becoming one of the most expensive mining hardware. Since 2018, the overall trading volume and total revenue of the cloud computing market have been steadily increasing. The market in 2020 was so hot that the fluctuation of the average daily computing power across the entire network in early 2019 reached as high as 3.8%, and in the first quarter (the third quarter) of 2020, the average daily mining difficulty across the entire network was 14.6T.
From the end of 2017 to the middle of 2018, the industry’s profitability was also gradually declining, but now it has not fallen back. This means that the industry has experienced a new bubble, and the sharp drop in cloud computing power has caused significant losses to investors, and even some investors have questioned the Bitcoin they hold.
How long does cloud computing power take to break even
In the cloud computing leasing market, there are many pain points in the cloud computing industry, such as network latency issues, the lifespan of mining machines, and the cost of machine maintenance. In terms of the break-even rate of cloud computing power, how much can cloud computing power break even? Generally speaking, users can choose to purchase “cloud mining” services to obtain profits, or choose to purchase services for the products they want to use.
Cloud computing power trading refers to the sale of a certain digital currency to a designated agent at a fixed price within a certain period of time after signing a contract with the buyer, and then buying the corresponding quantity of Bitcoin (spot) from the customer through a third-party brokerage company through delivery or futures. In this case, the electricity fee you pay is the price of cloud computing power. This means that your cloud computing power can break even at your expected level. (Wu Blockchain)
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