Bzz mining is driven to the bottom of the valley? Can bzz continue to invest in mining? There is no doubt that BZZ has been very popular recently. After all, V God is the second operation project after Ethereum, attracting many people to participate. However, with the end of the corporatization of Coinlist and the main network cable, the popularity of BZZ dropped suddenly again. The currency price of BZZ has been around 10 US dollars for two days, and the price of private/public offering of BZZ before was around 30-80 US dollars. Bzz mining is driven to the bottom of the valley? Can bzz continue to invest in mining?

Before analyzing the causes, let's briefly understand what BZZ (Swarm) is?

Although many platforms hype and praise BZZ, the real BZZ can be said to be an official Ethereum project. In short, Swarm distributed storage is to provide data storage, bandwidth and other resource support for Ethereum applications. It is not empty, but it is not so absurd!

Check the previous route:

On June 21, BZZ launched two major exchanges, Matcha and OK, respectively. At the moment of launch, the price hit 11 u at the lowest. The first 100 times of launch were discounted with BZZ, and 100 times of launch with BZZ and OK respectively.

On June 22, the agency pulled the price to 22 u, starting a new round of decline, which is now close to 13. The 24-hour BZZ exchange is only 0.5257214. No matter how much money is exchanged, there is a big problem with the number of tickets issued. At this speed, it is basically impossible to get back the cost.

In fact, it is not difficult to understand the reason for such a large gap. In the current currency circle, the overall income and risk of BZZ are not proportional, and there are many trading factors. It is not difficult to understand that the overall income and risk of BZZ are not proportional, and it is indeed uncontrollable. In addition, there are some "deep pits" hidden in the early stage.

In addition, such alternative mining activities as BZZ (Swarm) actually have a big bug in the service mode: it adopts the "task reward" mode, and BZZ (Swarm) is the provider of network services, instead of the traditional concept of storage engineering mining.

For example, suppose a user in the Swarm network initiates a task, that is, a request to store and distribute data. The request uses a value of 50 BZZ as a reward. At this time, the node in the network, that is, the storage and broadband provider, receives and completes the task, thus obtaining a BZZ reward.

That is to say, only customers can make money. This is the real landing project. If no one releases the data request, the task will have to dig holes.

If no one initiates the task, how can the node get the BZZ? No one can answer. It can be seen from the above that the participants in Swarm mining are probably planting trees! For the entire mining market, Swam's transition from craziness to today's downturn can be said to be the craziness and irrationality of the cryptocurrency market.

I wanted to lie flat, but I didn't expect to be cut before my head reached out. Although private placement makes money, the premise is that there must be a good project. Even if the project is a good project, if it is a stereotype project, you will not buy it when entering the site, but will be silly! However, it is not certain that such a thing will happen. Many people choose to wait and see at this time, but it may turn upside down later, because if others stop, you will have more opportunities.

The above is what Micronet introduced to you: bzz mining has been pushed to the bottom of the valley. Can we continue to invest in bzz mining? I hope it will help you after reading it. Micronet focuses on Bzz mining server Leasing and hosting, which includes single line and multi line cabinet leasing services such as Mobile Telecom Unicom, is a professional IDC data cabinet hosting and leasing provider in Jiangsu Province, specializing in services such as bzz mining server leasing, bzz mining server hosting, Baidu standard customized cabinet, 48U super large capacity, and reducing user cabinet rental fees. If necessary, please contact Micronet.

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