Can you make money by buying and selling computing power? VeryHash & Binance will show you how to trade computing power

On January 13 , VeryHash and Binance jointly held an innovative AMA . In this session, the key account manager of VeryHash answered questions from many community users, from computing power standardization to computing power quantitative trading. As a platform that not only does mining but also speculates on mining machines, how is computing power bought and sold? This AMA deeply analyzes a series of innovations made by the first computing power asset trading platform in computing power circulation and standardization. The whole session was full of practical information. The sharing content is reviewed as follows:

MC : First of all, we welcome VeryHash key account manager Putao to share with us today.

Putao: Hello everyone, I am the key account manager of VeryHash, my name is Putao. VeryHash is a mining machine (computing power) asset trading platform, and also a computing power asset circulation platform that creates computing power standardization.

MC : What are the differences between VeryHash and other platforms?

Putao: Users who hold computing power on the platform have ownership of the mining machine computing power. We have solved the problems of liquidity and standardization of mining machines.

MC : OK, I understand. So, what is the difference between the cloud computing power that everyone is familiar with and the computing power trading done by VeryHash?

Putao: The difference is still huge; we are still doing computing power trading. Compared with normal cloud computing power, we have actually added a computing power buying and selling function.

MC : Some partners in the industry often say that the trading experience on your platform is pretty good. What do you think?

Putao: That's right. The VeryHash platform is very friendly to ordinary retail investors and has high liquidity. Retail investors can trade with each other at any time. Whether it is buying computing power or mining machines, there is a problem of difficulty in selling. We have actually opened up a trading link in the secondary market.

MC : I see. In layman's terms, it is a secondary market trading platform for computing power. What is the cost of mining and computing power trading on VeryHash?

Putao: Regarding the transaction cost of computing power, in addition to the normal cost of purchasing mining machine computing power, minus our electricity bill and insurance, the remaining is the user's pure profit and income. We have now made this mining machine computing power secondary market trading product, you can log in to the VeryHash official website to learn more.

MC : So how can we retail investors who don’t know how to mine make money through computing power trading?

Putao: For ordinary users, there are two ways to make money through computing power trading. The first is to directly register on our VeryHash platform, and then buy and sell mining machine computing power, buying low and selling high, and earning profits in this way;

Another way is to participate in our mining machine auction, where you can buy low and sell high, and then make a profit. We are currently carrying out this activity.

MC : I didn’t expect that computing power could also be auctioned?

Putao: Yes, due to the recent fluctuations in currency prices, the price fluctuations of the computing power of our platform's mining machines have a large spread space.

MC : Can we get some details about the auction you just mentioned?

Pu Tao: Regarding the auction, we are doing a Dutch auction for Ant S19. This Dutch auction is a process of decreasing prices, that is, we will refer to the price of the platform auction, and then gradually reduce the price. Finally, after the user wins the bid, he can access the computing power and trade and sell on the platform. At present, many users have participated in this event, because the price during the auction is lower than that of the normal platform, and there is no transaction fee.

The mining machine computing power for ETH mining will be launched soon . Please log in to the official website of the platform:

VeryHash.com, register to receive 100USDT trial money. We will make more financial derivatives in computing power assets in the future to help more users hold BTC with low threshold . Please look forward to the official news. Thank you.