$ALEO Network hashrate dropped to zero. Reason one: coin price broke below 0.06, mining revenue insufficient to cover electricity costs. Reason two: mining staking coin requirements increased, most hashrate cannot be activated, forced to shut down machines. If buying more coins to stake, coin price drops further, devaluation accelerates—mined coins depreciate slower than the rate of decline, making shutdown preferable. Last year's August 1st PoS mining implementation, coin price was around 0.25, staking until now, coin price down to 0.05, severe devaluation. PoS mining is a scheme—mine coins to stake, cannot cash out, market harvested by project party. Harvested coin price, harvested mining machines, stripped bare to the last thread.
$ALEO Network hashrate dropped to zero. Reason one: coin price broke below 0.06, mining revenue insufficient to cover electricity costs. Reason two: mining staking coin requirements increased, most hashrate cannot be activated, forced to shut down machines. If buying more coins to stake, coin price drops further, devaluation accelerates—mined coins depreciate slower than the rate of decline, making shutdown preferable. Last year's August 1st PoS mining implementation, coin price was around 0.25, staking until now, coin price down to 0.05, severe devaluation. PoS mining is a scheme—mine coins to stake, cannot cash out, market harvested by project party. Harvested coin price, harvested mining machines, stripped bare to the last thread.