#以太坊行情解读 DOGE miners face a critical node: Computing Power plummets, yet earnings soar.

The latest on-chain data has captured an interesting phenomenon —

The total network Computing Power of DOGE suddenly dropped by 26% (from 3.71PH/s to 2.74PH/s), but the earnings of the Miners who stayed in the mining farms rose against the trend by 40%, with daily production per machine jumping from 60 coins to 85 coins. What is the reason behind this contrast?

**Historical laws can explain problems**

Looking back at the data from previous years reveals a pattern: every time there is a deep correction in computing power, the price of DOGE usually reacts significantly afterward.
- In May 2021, the Computing Power shrank by 35%, and in the following month, the coin price rose by 400%.
- In January 2023, Computing Power fell by 28%, and then over the next three months, it experienced a doubling trend.

Why is this happening? In simple terms, when miners shut down, the market supply decreases. Those who remain see better profits, which indicates that the mining industry is undergoing a reshuffle—high-cost operators exiting while competitive ones stay.

**Three Factors Supporting This Wave of Market**

The application is indeed being advanced. Scenarios such as Tesla payments, settlements for luxury goods like Gucci, and real estate transactions in Japan are gradually being connected, with increased practicality driving demand; the Japanese government is also gradually recognizing DOGE as a compliant financial product; the community's enthusiasm remains high.

**But don't ignore the hidden dangers**

The decline in Computing Power has two sides. On one hand, the reshuffling of Miners may create conditions for price increases; on the other hand, network security may also be compromised, which in extreme cases could become a trigger for sell-offs. Coupled with electricity price pressures, some Miners may indeed permanently withdraw.

**The Key Issue at Present**

Is this plunge in Computing Power a golden buying opportunity—waiting for the price explosion after the Miner landscape stabilizes, or a risk signal—could the network decline trigger a panic sell-off? Or should we continue to observe and wait until more data comes in before making a judgment?

What does everyone think? Share your thoughts.

(Note: Miner earnings are affected by multiple factors such as electricity costs, coin price fluctuations, and difficulty adjustments. Historical performance does not equal future expectations.)