By the end of 2024, Bitcoin price is expected to reach $100,000! The crypto bull market is back. Bitcoin, the top cryptocurrency, could hit $100,000 by the end of 2024, according to a report by Jeff Kendrick, head of digital asset research at Standard Chartered Bank. By the end of 2024, we could see Bitcoin (BTC) reaching the $100,000 level , as we believe the much-hyped "crypto winter" is finally over. According to Kendrick, Bitcoin could benefit from many factors. For example, recent instability in the banking sector due to the end of the Fed's rate hike cycle and the increased profitability of cryptocurrency mining. As uncertainty persists, Kendrick believes the path to the $100,000 level is becoming more apparent. Bitcoin has bounced back this year, topping $30,000 for the first time in 10 months. However, the crypto industry lost trillions of dollars in 2022 after the Fed raised interest rates. Observers Are Arguing About Bitcoin Standard Chartered isn't the only
Why do miners need to overclock and underclock? Why should the frequency be reduced when the market is terrible and overclock when the market is good? Why can the profit of the miner be changed through frequency modulation? Today we will talk about overclocking and underclocking of the miner. 1. What is overclocking and underclocking? Both overclocking and underclocking are relative to the normal working mode of miners. Overclocking/downclocking essentially optimizes the miner algorithm to change the miner's power consumption and hash rate. It can be understood that the miners can adjust different gears, the low hash rate gear, the normal hash rate gear, and the high hash rate gear respectively correspond to the down-frequency, normal, and over-frequency working modes. Of course, the prerequisite to achieve overclocking or frequency reduction is to have firmware that supports frequency modulation. The firmware can be understood as the operating system of the miner. The miner can ac