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In recent years, the skyrocketing value of crypto currency and the popularity of blockchain applications have created a boom in the investment market in the cryptocurrency-related industry chain. In addition to directly purchasing crypto currency, the production of crypto currency is also a way to invest in cryptocurrency.
Mining methods were rarely known at first, but due to the rise in crypto currency prices, and the fact that game graphics cards were not out of stock or rising in price at first, the situation of low investment costs and high returns led to a boom in mining in the market. However, as time goes, due to the design of the crypto currency itself, it began to face a reduction in output and the return of the past, and investors turned from a positive investment attitude to a wait-and-see attitude. For investors, whether it is still profitable to build a mine, or how the owner of an existing mine should plan for future operations is the purpose of this study.
On September 15, 2022, the most popular Ethereum in the mining industry will undergo a 2.0 upgrade, changing from the original mining output model to the pledge output model, making Ethereum, which had the highest income in the mining industry, overnight. The strategies of the miners can be roughly divided into the following three methods: temporarily stop mining to wait and see, dig other crypto currencies to keep the mining machine running, or sell graphics cards at a low price.
Although the income of the mining industry is not as high as before, the behavior of mining has not stopped, and the application of blockchain has become more and more popular as the technology matures. The results of this study hope to provide useful information for investors in the mining industry to choose the most suitable business strategy for them.
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