It only takes 8 small Bitcoin transactions to produce a waste of scrapped Nvidia GeForce RTX 3090 graphics card. This is a conclusion drawn from a report on the electronic waste of the basic infrastructure of cryptocurrency. One transaction is equivalent to throwing away Two iPhones.
There are many articles on the ecological impact of cryptocurrencies such as Ethereum and Bitcoin, but not many articles on the impact of e-waste generated by "mining".
Recently, a number of well-known companies announced their plans on the virtual currency market.
Among them, VISA disclosed their investment in CryptoPunk and plans to buy more NFTs in the future; on the other hand, Meitu's second quarter financial report shows that the book encryption investment loss is as high as 100 million yuan, mainly caused by the falling price of Bitcoin; it is pushed today. Te also announced the launch of Bitcoin-based payment functions, including support for the Lightning Network.
As more and more giants enter the crypto market, a new wave of adjustments to the global asset structure will be set off, with opportunities and risks coexisting. What other companies have joined the "Colosseum" of this new type of asset, how are they deployed, and what kind of logic is hidden behind them? This article has done some analysis.
Low return rate of unbearable fixed income, proactively allocate high-risk assets
The rate of return is one of the most important indicators of listed companies, and many deployments are centered on the goal of maximizing profits. Therefore, even if they have many reasons to enter the crypto asset market, the motivation behind it must be to optimize financial performance.
In the past two years, the performance of the U.S. dollar has been recognized as weak, coupled with low market interest rates, and 10-year treasury bonds and fixed-income products have too low returns. In order to increase cash yields, many U.S. stock companies have carefully allocated a certain percentage of bits. currency.
VISA’s main business is payment, settlement and clearing, but its activities in the crypto market are becoming more and more active. Not long ago, it bought an NFT numbered 7610 in CryptoPunk at a cost of approximately US$150,000.
Because as a listed company, its operations cannot arbitrarily deviate from its main business. In addition, it must comply with regulatory requirements. The proportion of high-risk investments must be controlled at a low level. Therefore, US$150,000 is compared with VISA’s foreign transactional investment scale. Only accounted for less than one thousandth.
As the pioneer and weathercock of the cryptocurrency market, Bitcoin fell by half in May last year, making it more difficult to mine! However, Bitcoin mining projects were completely eliminated due to inherent defects such as excessive mining energy. There is no real good project for Bitcoin miners, and this provides an excellent opportunity for the rise of FIL.
The mainnet of FileCoin was launched on October 15, 2020. Let's take a look at the overall trend of FileCoin. FIL is on the mainline and has been fluctuating around 20 U! At that time, it was still going high and then low, fluctuating slightly. This is the bottoming stage, the more stable, the greater the upside potential. There is a minimum production cost price for a product, and so does currency. In general, the launch time of FIL is very short, and there is still a long way to go in the future. Bitcoin mining has grown to tens of millions of times after more than ten years, and the cost of Bitcoin mining is also lower. high. Currently, FIL currency miners enter the market, and they are very likely to become early Bitcoin miners in the future!
First, the price of Filecoin has fluctuated greatly since its launch, and the currency price is in the initial stage of development. The impact of higher currency prices on the income of miners is limited in the early stages, but lower currency prices can reduce costs.
Second, the filecoin mainnet has been online for less than a year, and the earliest reference Btc appeared in 2009. It has gone from no one to a ten-thousand-fold increase in value. Whether it is btc or Ethereum, it is not a linear appreciation, but a rampage between big and small bulls and bears.
Filecoin has established a special economic model that requires miners to prepare a certain amount of fil as pledge and gas in advance. Purchase demand, the total demand can be calculated.
Fourth, FIL faces a trillion-level storage market and has practical storage applications. Filecoin provides a massive data storage architecture to meet the needs of the times. The referenced storage resources, retrieval services, bandwidth resources, and construction of the next generation Internet system.
FIL's attention has shifted from retail investors to institutions. The increase in holdings of Grayscale Digital Assets is enough to explain everything. Therefore, many analysts believe that the future development of FIL coins is immeasurable.
In fact, the most promising project in recent years is IPFS. During this time, most of the funds in the circle will flow to the filecoin distributed data storage industry! FIL mining is bound to become more and more popular! The FIL coin mainnet has been launched for less than a year, and the earlier the layout, the more early the dividends will be.
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