What is mining farm hash rate (is it better to have a large or small mining pool hash rate)?

What is mining farm hash rate? Mining is a relatively complex industry, and hash rate plays a major role in the traditional economic system. However, due to the high volatility of Bitcoin prices, there are certain risks involved.

Currently, there are various mining projects available on the market, such as Antminer S17, Whatsminer M30s, etc. However, as more and more investors participate and invest in mining, they will find that miners’ income is also reduced. Therefore, we can divide the calculation methods of mining farm hash rate into three categories:

One category is fixed cost;

The second category is electricity cost per T (including electricity cost and power cost). Generally, a certain percentage of fees or other transaction commissions are charged based on electricity prices in unit time to pay for the hardware equipment of mining machines. This model is very unfriendly to most people because it involves many different aspects.

This part requires mining machine manufacturers to either invest sufficient technical strength to ensure that their normal operation can operate or profit before they need to pay the corresponding maintenance and maintenance costs.

Another way is to achieve automation and operation and maintenance through special means, so as to improve production efficiency. If a certain algorithm can automatically execute certain operation programs without going through a special computer system, the software may be effectively updated and iterated, and it also has strong scalability and security.

Another type is called “smart contract”. This model uses a hash value as a function, making each node a validator in the network. In other words, miners can control the number of each node in their own network and the integrity of the entire blockchain status by calling specific functions.

For example, the code logic of a mining pool is related to the actual application scenario and has multiple different clients. This ensures that the business processes between nodes meet the requirements of real-time data transmission, rather than dynamically adjusting resource allocation based on block size as before, in order to avoid loss caused by duplicate calculations and prevent malicious attacks.

Some machines, such as ASIC chips, also adopt the same principle, but these devices may not have a direct relationship due to the differences in the design of different ASIC products. However, theoretically speaking, this solution is not completely indistinguishable. On the contrary, mining companies should consider connecting them together and utilize their technical advantages to improve performance.

In addition, in order for miners to complete their work more efficiently, more funds are needed to build infrastructure. In addition to the hardware foundation of the mining farm, the mining farm can also choose to provide more service providers to expand its scale.

Of course, there is also a problem here: how difficult is mining? In fact, it is very simple: although the computing power of ordinary people’s computers is high, a computer only accounts for 5%-10% of the entire network, and some devices cannot bear the overall data, which makes it difficult for many mining service providers to undertake the overall hash rate demand.

In fact, in the field of mining,

Is it better to have a large or small mining pool hash rate?

According to TokenInsight data analysis, on February 19th, the BTC hash rate was about 91.05EH/s, a 0.1% decrease from the previous day; the cohesion of the 1-hour moving average and the 30-minute moving average is still around 0.019%; the network difficulty has also increased from 15T last month to 17T. The Bitcoin network hash rate is currently at its highest level in history: in mid-December 2018, the block reward increased from 12.5 Bitcoin to 6.25 Bitcoin. In the mining pool, the ETH/WBTC pool has the largest share (-15%), and other pools such as BCHABC/BCHSV/EOS have a significant proportion; the shares of other pools such as USDT/BTC, HBTC/ETH, HT/OKEX are 51% and 49% respectively; among them, the BTC/WBTC pool has the smallest share (5.4%), and the ETH/USDC/BTC pool has the largest share (3.9%).