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ETF issuer VanEck has multiple predictions for the crypto market in 2023

ETF issuer VanEck has multiple predictions for the crypto market in 2023 On the occasion of December 2022, ETF issuer VanEck published several predictions for the crypto industry in 2023. It said that volatility is the key word in the cryptocurrency world. With 2022 ending in the swift collapse and bankruptcy of countless exchanges, VanEck predicts that the financial disruption of cryptocurrencies will continue. Here are a few predictions from VanEck for the crypto industry in 2023: Prediction 1: Bitcoin continues to plummet Amid a wave of miner bankruptcies, the price of Bitcoin will drop to $10-12,000 in the first quarter of 2023, marking the low point of the crypto winter. The MVIS® Global Digital Asset Mining Index median market capitalization is now only $180 million, which means that almost all constituent stocks are burning cash and trading far below book value. VanEck expects many miners to restructure or consolidate their operations. On this occasion, miners can maintain their

How will Bitcoin develop in 2023?

How will Bitcoin develop in 2023? 2023 has arrived. Looking back on the turbulent ups and downs of the encryption market in the past year, many profound changes have occurred during this process, and many new features have also been displayed. Since its birth in 2008, Bitcoin has only existed in the cryptocurrency punk community at the beginning. However, it has become familiar to people worldwide and has even been recognized as a legal currency in some small countries. With Bitcoin's continuous development and growth, the price factors and weights affecting Bitcoin are undergoing earth-shaking changes. The new cycle also presents characteristics mainly manifested in the following aspects. 1. Bitcoin de-Sinicization is becoming more and more popular in Western countries such as the United States In recent years, China has further cracked down on the Bitcoin mining industry, leading to the de-Sinicization of the Bitcoin industry. As a result, the impact on the encryption market has

How to repair the Antminer S19 hash board?

How to repair the Antminer S19 hash board? The Antminer S19 was first released by Bitmain in May 2020, and has since released other sub-models of the S19 series. Compared with the extremely high failure rate and unrepairability of the S17 series miners, the S19 series miners have higher stability and hash rate. Although released more than 2 years ago, it is still the market's most popular model of Bitcoin miner. According to market research, the failure rate of the S19 series is less than 2%. Still, the maintenance difficulty is also more complicated than the previous models, and the cost of repairing an S19 hash board is also more expensive. To repair the hash board, you usually need to understand its circuit design. Friends new to the S19 hash board can check the Antminer S19 hash board maintenance guide that Zeus Mining shares. This guide can help you quickly understand the design of the S19 hash board and gives some maintenance ideas. According to the guide, the S19 uses an AP

Mining difficulty plummeted by 7.3%; how should miners choose?

Mining difficulty plummeted by 7.3%; how should miners choose? According to data, the difficulty of Bitcoin mining ushered in the adjustment of mining difficulty at the beginning of this month, and the mining difficulty was reduced by 7.32% to about 34.24T, the largest drop since July 2021. It was also the biggest single drop since China banned mining last year. The sudden drop in the difficulty of Bitcoin mining this time means that many mining companies have withdrawn from the mining ranks due to the decline of Bitcoin, mining competition, and the increase in difficulty. The response adjustments made by the Bitcoin system to this show that there has been a large-scale retreat of online miners. In the past half a month, encryption mining companies have experienced the difficult situation they have faced in the past few months. Considering that the mining business is no longer profitable and they are heavily in debt, it seems that the only way for mining companies to announce shutdow

Why do miners' power supplies have higher and higher requirements for efficiency and reliability?

Why do miners' power supplies have higher and higher requirements for efficiency and reliability? Due to the long-term operation of the miners, it is very important to have a good power supply for the stable operation of the miners. It can provide the power miners require to operate and make "mining" relatively power-saving. Therefore, a good power supply quality is the prerequisite for miners' continuous and stable output. On the one hand, the stability of the miner's power supply is directly linked to the miner's life; on the other hand, it is closely related to the stability of the user's income. Regarding "mining" costs, the highest cost for miners is not purchasing miners but electricity. Take Antminer L7 as an example; the hash rate is 9500MH/s, the power consumption is 3.425kW, and the energy consumption of L7 is 3.425kW*24=82.2 degrees in the case of 24-hour uninterrupted operation. The power consumption will be excellent when thousands

Canaan Technology Launches New Avalon A13 Series Bitcoin Miners

Canaan Technology Launches New Avalon A13 Series Bitcoin Miners According to the latest news, Canaan Technology announced the launch of the new Bitcoin miner Avalon Made A13 series, including Avalon A1346 and Avalon A1366. Canaan Technology said that the new generation of miners uses advanced ASIC technology, and the A13 series will include two different models. Compared with the 90 to 100TH/s hash rate offered by the A12 series, the A13 series has both hash rate, and energy efficiency has been enhanced. Canaan's CEO said the all-new A13 is a milestone in the company's over-computational energy consumption analysis. The model A1346 has a hash rate of 110 TH/s and an energy efficiency of 30J/TH. Model A1366 has a hash rate of 130TH/s and an energy efficiency of 25J/TH. Comparing the energy efficiency ratio of Bitmain's flagship S19 XP of 21.5 J/TH with that of Bitmain's M50S of 0.026j/Gh, the new series of A1346 is "very competitive" in terms of efficiency at