Optimistic about the potential of Ethereum 2.0 mining

Let's first look at a few data about Ethereum.

1. As of June 6, according to IntoTheBlock data,At present, the total number of addresses holding Ethereum has reached 39.96 million, while the number of Bitcoin holding addresses is 30.1 million. The total number of Ethereum holding addresses has surpassed that of Bitcoin.

And among the addresses holding Ethereum, it is worth noting that,The number of addresses holding more than 32 Ether has been growing. This is likely to be caused by Ethereum 2.0, because the Ethereum 2.0 beacon chain requires 32 ETH for staking to participate in mining.

2. According to data from Santiment, as of June 3, 22.39 million addresses have held 61.22 million ETH for more than a year. If we define the holders who have held the currency for more than one year as long-term holders,Well, the number of long-term holders of ETH has risen to its highest level ever.

3. According to data from Glassnode, recently, the single-day fee income of the Ethereum network has exceeded that of the Bitcoin network. According to the statistics of Block Rhythm, there are four applications with the highest proportion in the transaction fees of Ethereum:

The first one is USDT, which consumed 2 million Gas in the past 30 days;

The second is the fund disk MMM, which consumed nearly 740,000 Gas in the past 30 days;

The third one is SmartWay, which has consumed 370,000 Gas in the past 30 days;

The fourth is Easy Club, which has consumed nearly 220,000 Gas in the past 30 days.

So what can we infer from these data? I think there are two phenomena that deserve the attention of every investor:

1) There are more and more investors who are optimistic about Ethereum and hoarding Ethereum, and there are more and more long-term investors

In any investment field, once a trend is formed, it will continue to develop for a considerable period of time without the influence of major events. The same is true in the field of digital currency. The number of long-term investors in Ethereum continues to grow, indicating that there are more and more investors who are optimistic about Ethereum in the long-term.

I still maintain the view that you can invest in Ethereum within $400.

2) There are more and more funds

Running any application on Ethereum needs to pay a certain fee, and this fee is Gas. The more Gas consumed, the more the application is used. The more Gas consumed by Ethereum as a whole, the more congested Ethereum will be.

In fact, after the fork of Ethereum from Istanbul, the congestion situation only improved for a short period of time before the congestion reappeared. From this data, it can be seen that three of the four applications with the highest gas consumption on Ethereum are fund disks, and the sum of the gas consumed by these three fund disks has almost reached the Gas consumed by USDT, which is enough to show that the fund disk is now in It is used frequently and on a large scale in the Ethereum ecosystem.

Although decentralized finance, which has received much attention on Ethereum, has been booming in the past one or two years, from the data of Gas consumption, decentralized finance is still not as good as funds. This still shows that since the ICO of Ethereum, there has not been a truly valuable large-scale application on Ethereum.

And this situation is likely to be difficult to improve before Ethereum 2.0 is fully implemented, and the prosperity of funds will continue.

3) Optimistic about the potential of Ethereum 2.0 mining

Ethereum Gas consumes a lot, and the single-day handling fee has exceeded that of Bitcoin. This represents an extremely obvious trend-that is, the Ethereum handling fee will continue to soar in the future. This directly benefits Ethereum miners.

but

butIf we look into the future, if the ecology of Ethereum continues to develop according to this trend, there will only be more and more applications of all kinds, and their Gas consumption will be higher and higher; More and more large-scale applications will definitely join Ethereum. At that time, the overall gas fees obtained by Ethereum 2.0 will be very considerable, and participating in Ethereum 2.0 mining will likely have good returns.

Now many mining machine companies and service companies in the industry are closely deploying Ethereum 2.0 mining. I will also continue to pay attention to this field and share with you the latest mining opportunities on Ethereum 2.0.