$ALEO The entire network hash rate has dropped to zero. One reason: the coin price fell below 0.06, making mining insufficient to cover electricity costs. The second reason: the requirements for staking coins in mining increased, causing most hash power to become unactivatable, forcing shutdowns. If more coins are purchased to stake, the coin price will continue to fall and depreciate further, while the coins mined depreciate more slowly than the market, making it better to shut down. Last August, staking mining was implemented; at that time, the coin price was around 0.25. Since then, staking has continued, but the coin price has dropped to 0.05, suffering severe depreciation. Staking mining is just a scam—mining coins to stake but unable to cash out, with the market completely exploited by the project team. They have drained the coin value, taken the mining machines, and didn't even leave us our underwear.

ALEO-3,53%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 2
  • Repost
  • Share
Comment
Add a comment
Add a comment
GateUser-b4bdc61fvip
· 03-14 11:15
I don't understand, stop talking nonsense.
View OriginalReply0
Self-TaughtTalentLongAndShortvip
· 03-13 13:48
It's because upgrading to v13 no longer allows mining.
View OriginalReply0
  • Pin