The four most famous international exchanges:

Binance INTL	OKX INTL	Gate.io INTL	Huobi INTL
China Line　APP DL	China Line　APP DL	China Line　APP DL	China Line　APP DL

Note: The above exchange logo is the official website registration link, and the text is the APP download link.

Bitcoin falls below $8,000, why do miners continue to increase mining? Bitcoin generates new Bitcoins through "mining". The so-called "mining" is essentially using computers to solve a complex mathematical problem to ensure the consistency of the distributed accounting system of the Bitcoin network. The Bitcoin network automatically adjusts the difficulty of math questions so that the entire network gets a qualified answer approximately every 10 minutes. The Bitcoin network will then generate a certain amount of Bitcoin as a bounty to reward those who get the answer.

Bitcoin is an online virtual currency with a limited quantity, but it can be used for cash: it can be exchanged for the currencies of most countries. You can use Bitcoin to buy some virtual items, such as clothes, hats, equipment, etc. in online games. As long as someone accepts it, you can also use Bitcoin to buy real-life items.

Last year, currency prices obviously continued to rise. However, since then, the virtual currency market has experienced continuous depreciation in value. This year, the price of Bitcoin has plummeted. So why does the number of Bitcoin miners continue to grow?

Regarding the current severe situation in Bitcoin market trading, most traders tend to choose to focus on the factors that affect prices at the technical and regulatory levels. Different from the perspective that other investors focus on, miners are more concerned about the impact of the cost of mining machines, electricity costs and other equipment costs on mining cryptocurrency.

Although the decline in the price of Bitcoin has affected some mining profits, taking into account electricity, mining machine prices and other aspects, it can still bring sustainable income to miners. Therefore, the short-term downward trend of Bitcoin is obviously not good for miners. What effect.