Data Shows: Minable Cryptocurrencies Are More Valuable Than Non-Mineable
Editor's note: This article is compiled fromBitcoin.com。
There are currently 2,121 digital currencies tracked in the market, with a net worth of about $140 billion. Statistics at the end of Q1 2019 show that mineable digital assets are the most valuable cryptocurrencies in the market today, with the top 8 mineable currencies accounting for 68% of the entire crypto economy.
secondary title
There are many cryptocurrencies out there, but only a handful have significant value and community adherents. Currently, only four of the top ten cryptocurrencies by market capitalization are mineable, and the rest, like Ripple’s XRP, Stellar’s XLM, some other initial tokens, and some tokens using the PoS mechanism, are not mineable. The total market capitalization of the four mineable cryptocurrencies (BTC, ETH, LTC, BCH) in the top ten is approximately USD 91.7 billion, accounting for 65.5% of the entire encryption market, and the total market capitalization of the remaining six is approximately USD 24 billion, accounting for the entire encryption market. 17% of the market.
image description
In addition, there are 8 mineable cryptocurrencies in the top 20 crypto market capitalization, namely BTC, ETH, LTC, BCH, BSV, XMR, DASH and ETC. 2.2 percent of the economy. Together, these 8 cryptocurrencies account for 67.7% dominance, worth more than 2,100 other coins. These are super minable coins that can be mined by anyone with a standard GPU and ASIC machine, coins like XMR and ETH have some community members who believe in some form of ASIC resistance, when LTC was originally launched, it It was supposed to be ASIC resistant, but this goal failed almost immediately.
secondary title
An interesting fact is that all four of the top ten minable coins are mined by the same pools. There are a large number of overlapping mining pools available for BTC and BCH that process coins on both networks, including BTC.com, Antpool, Bitcoin.com, and Viabtc, among others. Similarly, the LTC network also has some overlap with the BTC and BCH networks, including F2pool, Antpool, Poolin, and Viabtc, among others.
image description
It is worth noting that in the three networks of BTC, BCH and LTC, these collections of mining pools have a major hashrate share in each network. Because ETH is occupied by F2pool, it has very few overlapping mining pools. At the end of the first quarter of this year, a considerable number of unknown miners also appeared on BTC and BCH. Currently, unknown miners processing BCH account for about 19.4% of the network hash rate, while unknown miners on the BTC chain occupy the current hash rate 23.9% of .
image description
There are now a variety of cryptocurrencies emerging, many of which criticize mineable cryptocurrencies as a "waste" of resources. This is a huge talking point for some pre-mined coins that forego the PoW algorithm, but the data clearly shows that mineable coins are worth nearly 2/3 more than non-mineable coins. At the same time, we can also see that a large number of mining pools have diversified their mining, which shows that they have confidence in these digital assets that can be mined.
I am Odaily reporter Suixin (WeChat ID wsuixin12), please note your name, unit, title and reason when adding friends.
