$ALEO The entire network's computing power has dropped to zero. One reason is that the coin price has fallen below 0.06, making mining insufficient to cover electricity costs. The second reason is that the amount of coins required for staking has increased, leaving most computing power unable to be activated and forcing miners to shut down. If we buy more coins to stake, the coin price will drop further and depreciate, and the coins mined won't depreciate as fast—it's better to shut down. Last August 1st, staking mining was implemented when the coin price was around 0.25. Staking until now, the price has dropped to 0.05, a severe devaluation. Staking mining is just a trap—you mine coins and stake them but can't cash out, allowing the market and the project team to harvest everything. They've harvested the coin price, harvested the mining machines, and haven't left even our underwear.
$ALEO The entire network's computing power has dropped to zero. One reason is that the coin price has fallen below 0.06, making mining insufficient to cover electricity costs. The second reason is that the amount of coins required for staking has increased, leaving most computing power unable to be activated and forcing miners to shut down. If we buy more coins to stake, the coin price will drop further and depreciate, and the coins mined won't depreciate as fast—it's better to shut down. Last August 1st, staking mining was implemented when the coin price was around 0.25. Staking until now, the price has dropped to 0.05, a severe devaluation. Staking mining is just a trap—you mine coins and stake them but can't cash out, allowing the market and the project team to harvest everything. They've harvested the coin price, harvested the mining machines, and haven't left even our underwear.