In the ATH season, will Ethereum break through $2,500? Laptop Mining Heat Reappearance
Editor's Note: This article comes fromHot Wheels Community (ID: FHBT18), Author: Pepe, reproduced by Odaily with authorization.
Editor's Note: This article comes from
Hot Wheels Community (ID: FHBT18)
Hot Wheels Community (ID: FHBT18)
, Author: Pepe, reproduced by Odaily with authorization.
There are two English abbreviations that currency investors must understand in this bull market. One is TVL: Total Value Locked, and the other is ATH: All Time High.
Hello everyone, I am Pepe, a member of the encryption atmosphere group. After a short period of gloom, we seem to be in a sustainable ATH season. Bitcoin broke through $60,000 yesterday and hit a new high again. The market is very lively. Both holders Carnival calls, there are posters of the atmosphere group, there are sighs or confusion from Takong, and there are also doubts and pessimistic voices, so let’s start with a few words in this issue.
It is best not to short a target that is constantly ATH, or to be more precise, don't really go short.
Because in the trading world, breaking the ATH is a very strong market signal, and it is likely to bring further gains.
The picture above shows me roughly marking the trend of Bitcoin since breaking through 20,000 US dollars in December last year. It took about 20 days to go from 20,000 to 42,000. It rose almost 40 points in a month.
Now we have reached around 61,000 US dollars after more than 20 days of callbacks and shocks. What will happen after this? You can think about it. . I think it is still relatively healthy to go. If it can continue, it is really possible for the slow growth similar to the US stock market, instead of thinking about the rapid rise and then collapse of the previous three major cycles.
However, the so-called rising is a risk. No matter how strong the current consensus is and how much institutional funds support it, Bitcoin is still an asset with high volatility and risk. Let’s not talk about rising, and how much it can go up after ATH , if it is followed by shocks and declines, for price-sensitive people, one of the things that can be paid attention to is support, like MA20, and the support of trillions of market value is still relatively strong at present, and the other is whether it can continue to break through in the short term after the shock ATH, the first two callbacks we can see basically recovered in about a month.
After talking about the big pie, let’s talk about Ethereum. It feels like the whole world is waiting for its ATH. After all, it has been 22 days since it broke through 2000U on February 20. According to the steady upward trend of Big Brother and the demand for Ethereum Speaking of which, don't you feel like you're about to perform?
I see that some overseas Vs have also begun to predict that eth will hit $2,500 next week:
Let's wait and see. For Ethereum today, I will mention the current market status, because I have also seen that many friends have been configuring eth for long-term positions.
As the price of eth increases and has been at a relatively new high position for the past month, the threshold for mining ether is falling. For ordinary investors, in addition to trading, it seems that personal graphics card mining can also see benefits.
There is a river between the currency circle and the mining circle. For individual investors, the target usually directly considers trading platform purchases instead of mining. This mainly depends on the current mining industry becoming more and more professional and centralized. The good and the bad are mixed, basically tantamount to shutting out retail investors.
However, one thing to note is that although both Bitcoin and Ethereum are POW mining, their underlying algorithms are not the same. According to computer professional terms, one thing that needs to be looked at in the comparison of Bitcoin computing power is the computer’s nuclear display frequency. It is relatively easy to improve through research and development, so the performance of mining machines has been stronger than one generation over the years, from the earliest CPUGPU mining to professional ASIC mining machines.
The memory needs to be read during the Ethereum mining process, and the memory frequency will be an important indicator of mining capabilities. However, the hardware technology of the goose has not improved in recent years, so the Ethereum has always been a graphics card mining machine. The fee for adding DeFi has increased the "salary" of the miners. Individuals mining with graphics cards were not able to do the mining in the past, but now they can also generate some income that can be seen.
However, it is hard to find a graphics card, and many people are aiming at notebooks with graphics cards, and even mining farms are using notebooks to mine:
As for this income, the following figure is a reference given by the author of Zhihu (may not include the cost of electricity charges, but the income can be covered):
According to some computer gamers, it is possible for a 3070 graphics card to pay back the cost in 3-4 months. In addition, I have seen some friends report that they use the old graphics card at home to mine, and it is almost a thousand or eight hundred a month. Therefore, It can also be seen that the wave of prices and premiums brought about by defi is exaggerated.
Let me mention this today to reflect the current market situation. If you have a graphics card at home, or need to buy a laptop, you can try mining.
One of the risks here is obviously the price. The reason why mining is so hot is because the price has risen so much, and the high gas of Ethereum is still a bit too much to dissuade retail investors from trading enthusiasm.
epilogue
In addition, it was not the miners who were complaining about EIP1559 before. This 1559 is estimated to be launched in July, which may reduce the miners' income (it is only possible that if the network is still congested, the miners will still have bidding income).
