What are the benefits of Ethereum going offline? (Does Ethereum mining increase when it drops?)
What are the benefits of Ethereum going offline? By executing transfer operatio
What are the benefits of Ethereum going offline? By executing transfer operations on the blockchain, the remaining balance of a transaction can be automatically transferred to an account. This method can improve the security of user assets and reduce costs (currently, many decentralized exchanges support such transactions). However, this does not mean that users either want to make a profit or do not have enough money to complete a transaction. Therefore, if users want to withdraw or transfer money from the system immediately after a transaction, the Ethereum network will stop running. This not only affects the security of user funds but also exposes them to the risk of being stolen or exploited by hackers.
Why does Ethereum mining increase when the price drops?
Note from the editor: This article is from the Fenghuolun Community (ID: FHBT18), written by Peipei, authorized republication by Odaily Star Daily.
The morning market today has been struggling to fall. However, I read an article that revealed that Ethereum mining has increased despite the price drop. Of course, many people have mentioned that mining profits have indeed been lower than other coins in recent days, but the industry is still in its early stages. Therefore, ETH is still mined in large quantities, especially since Ethereum’s computing power and network bandwidth are much lower than they were in the second half of 2017 when Ethereum was mined about 10 times less. However, based on the current situation, it is still possible to expect some market corrections in Ethereum’s on-chain data.
Now let’s take a look at Ethereum mining data in recent times:
According to data from eth.tokenview, in the past 24 hours, there have been 4,979 active addresses on the Ethereum blockchain, an average of 5,687 new daily transactions, a total daily transaction value of approximately 700 million USD, with the highest daily increase in transactions reaching around 10,000. According to debank, the average block time of the entire network in the past week was over 3 days and 14 minutes, while Bitcoin’s hash rate during the same period reached 90.5 TH/s –– it is likely to increase to 114.5 GH/S based on the current block height calculation.
So what else can be said about Ethereum? If we compare Ethereum and BTC, we can see that the prices of Bitcoin have only risen by 20%, 30%, and 40% in the past few days.
The overall trend of Ethereum is similar to Bitcoin’s, with one major difference:
On the one hand, Ethereum’s price fluctuates greatly, but on the other hand, its price has not shown significant overall trends.
This year, apart from Bitcoin, almost all mainstream public chain tokens have experienced varying degrees of gains, such as BTC and Litecoin, which have rebounded to a certain extent.
In addition, the price of Ethereum is gradually rising. An article pointed out yesterday that the recent price of Ethereum has started to experience significant ups and downs. The reason is simple. First, after the concept of Ethereum DeFi became stronger, market sentiment also became warmer. In addition, since the timing of the Ethereum 2.0 upgrade has not yet been determined, and considering the current situation still provides some speculative space and opportunities, the possibility of continuing to break through in the short term is high.
Secondly, the development of Ethereum itself is relatively good. After the recent surge in DeFi, the amount of Ethereum locked in reached 1.3 billion USD. However, with the impact of the Ethereum price plummeting, the number of Ethereum holders has not increased much but has actually decreased.
In addition, in terms of Ethereum’s ecosystem layout, projects mainly focused on Polkadot and Kusama are gradually entering the development process.
This article and pictures are from the Internet and do not represent qiAiAi's position. If you infringe, please contact us to delete:https://www.qiaiai.com/crypto/24080.html
It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.
Related recommendations
-
Storybook Brawl Online Game Goes Offline: The End of an Era
According to reports, the digital card game Storybook Brawl will shut down its server on May 1st. Its co founder, Matthew Nass, issued a statement on its Discord server on Tuesday
-
FTX sent an email stating that the deadline for claim application has not been determined
According to reports, FTX Notification sent an email to some creditors, including customer codes and claimed assets, emphasizing that the court has not set a deadline for submittin
-
When will China Ethereum open its network (when will Ethereum enter China)
What is China Ethereum? What is the Ethereum blockchain? How does China’s public chain technology and network work, under what conditions can transactions be conducted, and why Ethereum is used, so we know that there are three situations in China: first, Bitcoin; Second, the Ether, because the current global circulation of Ethereum is 21 million pieces (accounting for 20% of the total supply), and the dollar value is about 400 billion dollars; Third, other Cryptocurrency such as Ripple, such as Litecoin and Bitcoin, need to go through decentralized exchanges to realize transfer or exchange functions; Fourth, the Ethereum 2.0 developer conference has begun, and the issues discussed by everyone are basically focused on these issues When will Ethereum enter ChinaEditor’s Note: This article is from BlockBeats (ID: blockbeats), which is reproduced by Odaily Planet Daily with authorization According to Ethereum China Community Leader @ 0x_ Eth revealed that in February this year, they released the survey results on the attitude…
-
GGridex’s GDX Currency Surges by 150% in 24 Hours after Official Launch
According to reports, the market shows that the GGridex platform currency GDX was officially launched on March 15, with the price of d5.xyz continuing to break a new high, exceeding $0.875 today. Over 150% increase in 24 hours. GDX’s price broke through $0.875 today and reached a new high, increasing by over 150% in 24 hours Analysis based on this information:The recent report that the GGridex platform currency, GDX, was officially launched on March 15 and that the price of d5.xyz has continued to break new highs is a significant indicator of the platform’s growth and sustainability in the cryptocurrency market. The price of GDX has increased by over 150% in 24 hours, which is a remarkable feat that signifies the platform’s significance in the market. The GGridex platform is a decentralized financial ecosystem powered by blockchain technology and digital assets that offer its users complete control over their finance. The platform provides users with a variety of features, such…
-
IMF urges more scrutiny on private cryptocurrencies
According to reports, IMF President Georgieva said that the world should conduct more supervision on private cryptocurrencies. Private cryptocurrencies are not…
-
What configuration does mining depend on (mining depends on graphics card or CPU)
What configuration does mining look at? What configuration does mining look at? What is the cost of digging Bitcoin and how to determine the benefits and risks; What currency to buy for mining and which mining equipment to choose Firstly, how much power consumption (electricity), quantity/power, and other factors are required to purchase a mining machine, and whether it can reduce the impact of miners’ input-output computing power Secondly, choose an investment target with a certain investment return rate; If the volatility of Cryptocurrency is not taken into account, some highly leveraged strategies or other conservative options should be considered. 3、 Choose appropriate prices or services to hedge against inflation. 4、 Different types of products according to different market demands Mining depends on graphics card or CPUMining depends on graphics card or CPU? If you want to dig Cryptocurrency now, you must choose your GPU. Because the integration of graphics cards and ASICs will affect the entire network, the greater…
-
Axis Infinity Announces Final Stage of Origins S3 Mystic Era with Huge Prize Pool
On March 29, it was announced that the chain game Axis Infinity announced that Origins S3 had started the final stage of Mystic Era. Mystic Era will last for two weeks, with a tota
-
Meta Platforms Inc Considers Launching Independent Decentralized Social Network
According to reports, a spokesman for Meta Platforms Inc said on Friday that the company is exploring an independent decentralized social network for sharing te
-
The Rise of Shiba Inu Layer 2: What You Need to Know
According to reports, according to PuppyScan data, the number of online interactive wallet addresses tested by Shibarium for the Shiba Inu Layer 2 protocol has significantly increa
-
Why can’t ETH be used with 4G (4G card cannot use ETH)
Why can\’t ETH be used with 4G? The 4G performance of Ethereum has been proven to