#CKB Supports the Bitcoin Ecosystem Today, let's talk about the $CKB coin from the perspective of miners. Launched in 2019, it is led by Xie Hanjian, the only Chinese member of the Ethereum core team, which can be considered a star team. Major institutions are optimistic and have invested. However, after being listed on Binance, it hit a peak of 0.0447 and has been declining ever since, never returning. Currently, it is indeed as everyone says, that the Chinese market is all talk with no substance, lacking vision. At the end of 2022 during the bear market, I saw mining machines plummeting, with the CK5, which was worth tens of thousands, dropping to a few thousand. I bought a second-hand one for 5000, hoping for luck, thinking that when the bull market comes, this would be a money printer. However, luck did not strike, and the coin price continued to fall. Initially, I was making about ten yuan a day, but a few months later, I ended up losing money on electricity and had to shut it down. After more than a year without any major movements, when everyone believed the market was dead, CKB announced its transition to BTC's L2, along with the Hong Kong ETF boosting domestic and Hong Kong concept coins. My CK5 was able to earn a few yuan a day again. Unfortunately, it only lasted less than a month before the coin price reverted to its original state, and I had to shut it down again. Currently, the only machine still operating is the Antminer K7; all others are losing money on electricity. CKB ranks 11th in daily output among mining coins. The price of Antminer K7 is about 20,000, yielding around 40 yuan a day, with a static payback period of about 500 days, which is considered average.

The characteristic of mining coins is that there will be support near the shutdown price, and in the future, the focus will likely be on the shutdown price of Antminer K7. However, it may also encounter a bear market or violent washout that could lead to losses on electricity for the Antminer K7 as well. Domestic coins and each mining coin have their own cycles and may not necessarily follow the overall market trend, making them suitable for sector rotation. The current price level is considered moderate; buying spot has average cost-effectiveness, and it is advisable to accumulate during dips and hold patiently. Contracts can only track short-term trends, while long-term performance depends on the team's and investors' vision.