What coins can still be mined at present?

What coins can still be mined at present? According to the news in the cryptocurrency community, what coins can still be mined now? According to CoinMarketCap data, on April 30th, 2019, residents from 27 countries or regions around the world participated in Bitcoin mining. Among these countries, Russia, Kazakhstan, and Ukraine had the highest population (about 30% of the total). In China, only 7 provinces prohibit using cryptocurrency to pay for electricity. Nigeria is one of the countries most severely affected by the epidemic. The market trend in 2020 has been quite good, but overall, it is still in a bear market state.

Can we still mine coins now?

Editor’s note: This article is from the Fenghuolun community (ID: FHBT18), authored by Peipei. Republished with authorization from Odaily Planet Daily.

Hello, I am Peipei. Yesterday’s article shared the situation of mining Bitcoin last year. After the price dropped more than 90% and then experienced a surge, it has now returned to the previous bull and bear market, and it has been rising all the way. However, this rise is still somewhat scary, but it is true that many people still believe that the current market can continue to rise.

So, can we still mine in the future? I estimate that there will be many questions about the cryptocurrency community in the next few months. If all these questions can be answered, then I think many people will feel that the market at the end of this year and the beginning of next year will not be as hot as before, at least for most people, it may be like this:

1. Is the current price already close to the bottom?

2. Have you noticed that these people’s “wallets” are actually assets that have not been frozen or run away by exchanges or platforms, etc…

But in fact, for most users, they don’t care much because the previous fraudulent incidents made them see more hope, and this kind of uncertainty has also caused some losses. For example, there was a relatively big negative news recently, that someone used their address to exchange for Ethereum, which caused the transaction volume on the Ethereum chain to drop sharply. So in this market crash, we can see that apart from the large price fluctuations, almost everyone who has participated in the cryptocurrency market knows that the average computing power of the entire Bitcoin network is about 130T, which means that there is approximately over 10 billion USD in daily earnings, According to the current price, it is more than 1 billion USD. Of course, this is impossible to achieve. Therefore, from this data, the overall increase in this year can be considered quite considerable, after all, compared to the much lower profit space on the day of Bitcoin halving, so even under such conditions, there is still a certain bubble in the market, once the bubble appears, it will quickly burst, and it may become a huge reshuffle period. (Image source: internet)

3. If you really want to survive in the long term, maybe it will take a long time to invest all your savings instead of just waiting for Bitcoin to reach $20,000, and then start hoarding coins and slowly realize the gains recently.

4. How many people are mining now? I don’t know how many people will wonder if the coins they have mined are still in circulation. I think there’s basically no need to worry because as the price of the coins goes up, the mining difficulty will also increase. On the other hand, there are also some people who believe that there are not many institutional investors entering the market with funds; although there are still many investment opportunities in the short term, the overall situation is not very good because in some aspects, even the domestic “big shots” are not very clear. In addition, institutions such as Grayscale Fund and Microstrategy are also increasing their entry speed. According to statistics, in May of this year, Grayscale’s total of about 50 fund trusts increased, and 15 of them hold Bitcoin. By the end of June, Grayscale Fund’s AUM reached $2.5 billion; at the beginning of July, 3.