On November 19, BTC fell 3%, and most other mainstream currencies also fell by more than 5%. At around 16:00 p.m. on November 21, it was a critical watershed to fall below $8000.
Bitcoin has risen sharply since December 25, but now it is slowly falling back to the price before December 25. It seems that nothing has changed. But the short-term decline expectations have been determined.
According to the Cointegraph report, its BTC quantitative price model predicts that the average price of BTC / USDT will be $8300 until it halves in May next year, but the number of people doing bottom-fishing is still small. In fact, at $8000, some weak miners have begun to lose money. They will be eager to sell out the BTC instead of waiting for the half price.
On November 22, BTC’s total network computing power was 86.44eh/s, far higher than the 40eh / s at the beginning of this year. At present, the average daily mining revenue per T computing power of BTC is 0.15 USD, which also returns to the level at the beginning of this year. The less profit ordinary users can get from participating in the mining pool. In addition, a large-scale miner in China recently landed on NASDAQ and raised $110 million. In the future, more efficient miner will be born which will lead to an increasing mining cost for users.
As the upstream of the blockchain industry, the mining circle is not so optimistic. Is there any good channel for ordinary users to participate in blockchain investment? Yes! That’s the digital currency exchange.
Currency prices fluctuate, while exchange is another area that can generate stable cash flow besides mining. EZB is an exchange with excellent ranking and trading volume in the second tier echelon. According to the ranking of Feixiaohao, EZB has led 86% exchanges in more than one year, with 24-hour trading volume of 500 million USDT and registered users of 700000.
Unlike the head exchange, which provides monopoly services to users, EZB exchange is committed to decentralized consensus finance. Users can be rewarded accordingly after mining. It is free for users to mine on the platform which aims to expand the scale of the platform and jointly embrace the future market.
On November 28, 2019, EZB exchange is expected to launch the “Member Invitation Plan”. Users can share the mining pool by joining the member invitation system. The EZB consensus pool includes exchange fees and contract derivatives volume. The more users are invited, the more mines are dug.
BAR as platform currency of EZB is a public chain currency based on DPOS. With the launch of “ Member Invitation Plan”, “Hash Contract”, “K-line Contract” and many other favorable activities, BAR has risen a lot with daily average trading volume of more than 50 million. Feixiaohao data shows that the market value of BAR has reached 64 million. With the increasing number of users participating in consensus mining in EZB, BAR will realize greater value appreciation.