In today's digital age, mining exchanges, as an important part of the blockchain world, play an extremely critical role. From prosperity to decline, the survival of mining exchanges is related to the development of the entire cryptocurrency ecosystem. In the discussion of mining models, we have to dig deep into the challenges and opportunities behind mining exchanges.

In the digital age, the life and death of mining exchanges depends not only on market fluctuations, but also on the mining model they adopt. The choice of mining model is directly related to the profitability and long-term survival of the exchange. Traditional mining methods have gradually been proven to be inefficient, costly, and insecure. Therefore, more and more mining exchanges have begun to try new models, such as cloud mining and shared mining pools, to improve efficiency, reduce costs, and enhance security.

The life and death of mining exchanges also lies in their grasp of technological innovation. With the continuous development of blockchain technology, new mining algorithms and consensus mechanisms continue to emerge. Those exchanges that can keep up with the trend of technological development in a timely manner and respond flexibly can remain invincible in the fierce competition. For example, after some exchanges launched innovative consensus mechanisms, they attracted a large number of miners to join, thereby enhancing their position in the market and ensuring long-term development.

In addition, the life and death of mining exchanges are also affected by regulatory policies. In recent years, countries have increasingly tightened their supervision of cryptocurrencies, and some countries have even introduced policies to ban mining. This is undoubtedly a double whammy for exchanges that rely on mining business. However, in the face of regulatory risks, some exchanges choose to actively comply with regulations and actively communicate with regulatory authorities to avoid potential risks and ensure the continuity of their business.

Behind the life and death of mining exchanges lies the cruel reality of market competition. As more and more exchanges enter the market, competition has become extremely fierce. Only by continuously improving service quality, reducing transaction fees, and increasing the diversity of trading pairs can we remain invincible in the fierce competition. There is a mining exchange that has attracted the attention of a large number of users by launching innovative trading pairs and has become a leader in the industry.

However, the life and death of mining exchanges is not only about challenges, but also about huge opportunities. With the popularization of blockchain technology, the cryptocurrency market continues to expand and the user base continues to increase. This provides a broad space for development for mining exchanges. As long as they can seize opportunities and respond flexibly, they can stand out in the fierce market competition.

In summary, the life and death of mining exchanges depends on the combined effect of many factors, among which mining models, technological innovation, regulatory policies, market competition, etc. are all crucial. Only by being rigorous, innovative, compliant and competitive in these aspects can we be invincible in the wave of the digital age, seize the initiative and win the market. In this era full of opportunities and challenges, only by continuous learning and continuous progress can we be invincible in the fierce competition and welcome a better future.

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.

The mining model of exchanges is a hot topic recently, but it seems that exchanges with trading mining models do not last long, and the time is getting shorter and shorter. From the original one week to only three days, and finally even one day, how long can mining exchanges survive? FCoin has set off a mining trading storm, but how long can it survive?

The mining model of exchanges is a hot topic recently, but it seems that exchanges with trading mining models do not last long, and the time is getting shorter and shorter. From the original one week to only three days, and finally one day, but it is amazing that Fcoin, the initiator of this model, is still alive and well, so why do those who follow the trend die one after another?

The core of the FT model

I believe everyone is familiar with the FT model, that is, trading = mining = obtaining platform coins, and then holding platform coins = all income of the dividend platform. The logic of FT is actually very simple: when you want to get platform coins for dividends, you must brush the transaction volume, and then the handling fee you pay will be converted into platform coins in your hands. Only when you get platform coins can you get high dividends. So in order to attract people, the FT dividend rate at the beginning was amazing. If you bought 20,000 RMB at the beginning of FT, you can get about 3,000 RMB in dividends every day. Even if you don't count the price increase of FT, it only takes a few days to recover the principal, and you only need to bear the risk of FT's price going down in these few days. It's worth it, right? This is also the core reason for the crazy rise of FT after it went online.

Later, FT increased its efforts to stimulate and attract users and launched a 20% registration rebate mechanism, which was precisely the cause of the collapse of exchanges that followed the FT model. Friends who have been miners should know that when FT launched a 20% registration rebate, the rules of the game actually changed. Because the 20% rebate mechanism can actually be used for risk-free arbitrage. For example, I registered two accounts, one large and one small. Under the 20% registration rebate policy, my large account can get 120% of the transaction mining fee of the small account. In other words, I only need to register two accounts, and every time I trade, I will make a net profit of 20% of the handling fee equivalent to FT.

Is it difficult to register two accounts? Definitely not difficult. So as long as you are not a particularly lazy person, almost every miner who brushes the volume will have an additional 20% income. Will you keep holding the extra FT to get dividends? Or will you sell it directly? You should know that the yield of FT has dropped to less than 1% per day in the later period.

Will following the trend of FT lead to death?

Following the trend of FT is actually inevitable, but blindly following the trend of FT is almost inevitable. These exchanges almost directly apply the FT model and modify the specific parameters. For example, if FT returns 80%, I will return 100%, if FT registration returns 20%, I will return 50%, if FT has no initial incentive, I will do Genesis mining, etc. The idea of these exchanges is very simple. Since FT can succeed, I can also succeed as long as I do more FT than FT. Maybe they have not thought about the essence of the FT model, so they dare to apply the FT model to themselves so boldly. The truth is that the follow-up exchanges that engage in Genesis mining and super high rebates basically die within 3 to 5 days, because you can't withstand the super high "enthusiasm" of miners.

How to upgrade FT?

The essential logic of FT is to blow up the bubble in a week and squeeze it out in a year. This is the opposite of the logic of Bitcoin mining. The more Bitcoin mines, the less it gets, while FT mines more. Is there any room for upgrading this seemingly unsustainable economic model?

Of course, and it is not difficult. In the FT model, the core elements are mining control and mining costs. In other words, the current exchanges are down, on the one hand, because of insufficient control over mining, which allows miners to mine without a limit, and on the other hand, because miners have risk-free arbitrage. Therefore, once you make mining costly and expensive, a state of game will emerge, which will prompt the platform to continue to develop steadily and benignly. A market without game will inevitably die quickly, which can also explain the phenomenon of BKEX and COINEX developing steadily with a slight downward trend. BKEX and COINEX have limited the mining limit from the beginning, so they have not reached the end and are still alive today, but this cost is reflected in the limited increase in the platform currency.

So will there be an upgraded version of FT that will stimulate gaming and thus enable the platform to continue to develop in a stable and healthy manner? We don’t know, but if you are interested, you can continue to pay attention.