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On April 17, the "Supercomputing and Integration, 2021 Global Blockchain Computing Power Conference" was officially opened in Chengdu, Sichuan. This conference was jointly hosted by Babbitt, ChainNode, and Biyin, co-organized by WuShuo Blockchain, and sponsored by Computing Power 360. The CEO of Computing Power 360 attended the conference and delivered a speech entitled "The New Wave of Wealth - The Present and Future of Global Digital Minerals". She said that the wave of digital currency is a huge opportunity for practitioners who dare to participate in innovation, and countless unicorns will appear in the blockchain industry in the future. The following is the original speech:
I would like to thank the organizers and co-organizers for giving me the opportunity to share with you our experiences and lessons learned in the industry over the past few years, as well as our views on the future development of the industry.
A friend once asked me, if we go back to 2010, what kind of opportunity would allow personal assets to increase 30 times in ten years?
The answer may be: first, real estate (the views of those born in the 70s and 80s), especially central real estate in first-tier cities; second, stocks of BAT and FANG technology companies, which can give you a 30-fold return on investment in ten years. The opportunity ten years ago has passed, but we are lucky to have stepped on this wave of wealth - Bitcoin or digital currency has given us such an opportunity.
The American "baby boom" gave birth to the richest and most influential people in American society, and it took them 70 years to gain wealth. However, nowadays, many young people have achieved financial freedom by investing in Bitcoin and digital currencies at low prices in just 3 or 5 years.
This wave of digital currency is a huge opportunity for practitioners who dare to participate in innovation. There are two types of people around us - those who "have nothing": one type does not have a single bitcoin, and they went from looking down on it to not understanding it to now not being able to catch up; the other type entered the industry with a few dozen dollars in the early days, and after leaving the market halfway, they could never enter again.
After so many years of dormancy and cycles, our conclusion is: It’s not Bitcoin that needs you, but everyone here needs Bitcoin.
From a global perspective, the three major social entities - academia, government organizations and the business community - have a relatively positive understanding and attitude towards Bitcoin and digital currency. Statistics from the past 250 days show that the overall increase in stocks related to Bitcoin is about 14 times, which is a huge signal.
The listing of Coinbase on April 14 is very important for the development of the industry. It is the first digital currency stock in the true historical sense and opens new doors for digital currency companies. I believe that many compliant exchanges, wallets, and custody companies will gradually take the lead in the capital market.
Since 2020, more giants have entered the industry, such as payment companies (VISA), banks (DBS, the largest commercial bank in Singapore), investment banks, and investment institutions, and they have entered very quickly, and each step of investment is very compact and close. The fluctuations of secondary market stocks (overseas listed mining companies Canaan Technology, Ebang, 9th City, etc.) show the high activity of the market. These are just the tip of the iceberg. Only 32 listed companies have directly invested in Bitcoin. We hope that more listed companies and institutions can make bold investments in the digital currency mining industry.
The growth curves of Bitcoin and the Internet are very similar, especially the growth rate.
History always repeats itself.
In January 2021, there are already 135 million Bitcoin users in the world. Back in 1997, there were 120 million Internet users in the world. In that year, the well-known entrepreneur Ding Lei and his partners created NetEase, Google was born, and the following year Ma Huateng founded QQ.
According to this ratio, the number of digital currency users will reach one billion in 2025, similar to the Internet in 2005, when Taobao was founded and Baidu went public in the United States. Our industry will definitely witness the emergence of giant companies like NetEase, QQ, and Alibaba.
In addition, today I would like to share in particular two areas of decentralization.
First, decentralized exchanges. When everyone was still worried about the safety of Huobin, a former Siemens employee founded the decentralized exchange Uniswap, and its trading volume exceeded Coinbase in just two years.
The second is decentralized lending platforms, such as Compound and Aave, which are also unicorns in the industry.
Beyond traditional P2P and lending companies, blockchain technology truly solves traditional financial and trust problems through code and mathematics. Therefore, we can expect countless unicorns to emerge in our industry in the future.
In addition, based on the data, the imbalance between market supply and demand has led to a huge room for Bitcoin to rise in the future. Since 2018, exchanges have maintained a certain degree of net outflow of Bitcoin. At the same time, we have seen an increasing proportion of Bitcoins held for more than one year, which means that the number of Bitcoins available for circulation in the market is gradually decreasing (Decrease Supply).
In contrast to this trend, the market demand for Bitcoin has increased significantly (Increase Demand), with Wall Street being the main driver. Supply is insufficient to meet demand, so prices naturally rise. If everyone here recognizes the unlimited potential of Bitcoin as a digital asset in the future, then participate in it in a timely manner. The cheapest and most compliant way to participate is through mining: the cost of mining a Bitcoin now may only account for 10% of buying a Bitcoin.
Computing Power 360 is a digital mining operation service provider distributed globally. Our main mining farms in China are in Xinjiang and Sichuan, and overseas are in Russia, Canada and the United States. We have cooperative mining farms in these places, and all our work is to enable users to have safer and more stable digital minerals.
360 Computing Power was founded in 2019, when the first generation of 360 Computing Power products was launched. Later, a bulk computing power procurement model was launched to allow everyone to have more benefits. At the same time, a cloud computing power SaaS service system was launched horizontally to provide B-side partners, providing computing power and service systems for well-known media and leading domestic exchanges, reaching more than 1 million C-side investors across the network in a "2B2C" manner.
In the second half of last year and the first half of this year, the main force will continue to develop in the "2C" direction. Our mining machine products/computing power product selection has become more and more abundant, providing customers with better services and more stable computing power. We are based on the advantages of this industry. It seems simple, but behind it are the arduous and continuous efforts of us and our partners, such as investing in and building our own mining farms to ensure that customers can see a steady stream of mining machines online, guaranteeing that customers have stable computing power and stable income, and can clearly, simply and directly see their transparent income in the App.
After running for more than 2,000 days and issuing more than 2,295 bitcoins, we can see from the background data that on the Computing Power 360 platform, the average payback period for customers is only 230 days, and there are cases where the payback period is as fast as 3 or 4 months. For example, if you purchased computing power around October 2020, you would have paid back your investment in about 3 months, because you happened to be in the early stage of the rising market.
Through our efforts - mine operation and maintenance, stability of mining machines/computing power, rapid iteration of technology development, and super strong product launch capabilities, we have achieved a customer repurchase rate of up to 40%. This is a simple diagram of the income record. You can see the composition of each of your income very clearly and intuitively on the Computing Power 360 App: the charges are clear and understandable.
In addition, we also provide uninterrupted live video streaming to ensure that users can perceive from all aspects that their physical mining machine assets are under the protection of the Computing Power 360 operation and maintenance team and generate income for themselves 24 hours a day.
Regarding the operation and maintenance of the mine, we have a team of less than 100 people, all from the traditional IDC industry, who escort everyone through human and technical means to ensure that everyone's offline computing power is responded to and resolved in the shortest possible time. We work in three shifts 24 hours a day to save every minute for customers' mining income.
High returns for customers + good products + transparent and open attitude = the most suitable cloud mining platform for C-end investors is Hash Power 360.
What 360 Computing Power cares about most is our customers. Every second that our customers are powered on is our mission. Thank you everyone! |
