On November 23, 2020, the "BEYOND-2020 Blockchain Industry Conference and Annual Awards Ceremony" was grandly held at the Renaissance Shenzhen Bay Hotel. The summit brought together blockchain industry elites from around the world, over 100 top blockchain companies in the industry and over 1,000 participants. The most senior and innovative authorities in the industry gathered together to create the most advanced collision of ideas.
The conference is divided into three sections: closed-door forum, main venue, and special topic sessions, including 5 special sessions, 9 roundtables, and more than 30 keynote speeches. On November 24, 2020, Mr. Wang Chong, founder of Niu Hash Power, participated in the roundtable forum at the conference: "In the post-halving era, let's talk about the new mining posture" and shared his mining experience. He said: The current market environment is under the background of "the end of Bitcoin mining production reduction, the continuous growth of the whole network computing power, and the entry of large financial institutions", and the data shows that PayPal and Square are buying BTC every day, and the number has exceeded the daily increase in BTC mining output, which shows that the market demand for BTC has risen to a new height. At the same time, Mr. Wang Chong also shared his mining experience as an old miner: Whether it is the mining field or the entire blockchain industry, it revolves around the price of coins to a large extent. For example, the "312" sharp drop this year is very painful for miners who have just entered the market or miners who have not mined for a long time, but for old miners who have really mined for more than two or three years, the impact is not great, because these people will firmly believe that the price of coins can rise back. Even when the price of coins falls, I think it is a good mining opportunity. For example, in May and June this year, no one was interested in Bitcoin mining machines. I bought a lot of them at that time. In July and August, when Ethereum had not risen yet, my partners and I bought graphics cards worth 300 to 400 million yuan. Now it seems that the return is very considerable. Therefore, the worse the market situation is, the more you should calm down and make some long-term layouts. I think the short-term price of Bitcoin can only be asked by God, and the long-term price must rise to the sky. For example, the price of an Antminer S19pro was 21,000 yuan per unit on November 1, and it became 24,200 yuan per unit on November 4. At the time of today's meeting, the price of an S19pro has become more than 28,000 yuan per unit. This increase makes me feel as if I have returned to the second half of 2017, when the Antminer S9 was priced at 10,500 yuan per unit. As a result, the machine had not yet been shipped, but within a month the price of the machine had risen to about 30,000 yuan. I sold my machine at 29,000 yuan per unit at the time, and the machine was still not shipped at the time. Therefore, it is very important for miners to adjust their mentality. When the price of coins falls, they can mine peacefully. After the price of coins rises, they can choose: first, sell the coins, and your mining machine is equivalent to picking up for free; second, sell the mining machine at a higher price, and your coins are equivalent to picking up for free. Therefore, miners must be able to hold on to the loneliness of "hoarding coins" and look at the long term. In this way, both the mood and the income will be very positive. In addition, for ordinary investors, it is difficult to have the ability or energy to cover the entire industry chain when participating in mining. Ordinary people who choose mining may choose some reliable service providers. The Cow Computing Power that I founded last year currently has tens of thousands of mining machines providing services to our customers. In addition, as of this year, we have completed the construction of 10 self-owned or equity-invested mining farms, with sufficient fixed asset reserves and a total load of nearly 1 million kWh. It can be said that in terms of the scale of the mining farm, it has already ranked first in the world in terms of total load.This conference brought together thousands of leaders and elites in the field of digital economy applications, blockchain and Internet industry practitioners from around the world, and pointed out the direction for the future development trend of blockchain. After the roundtable forum, the NiuHuaLi APP won the honorary award of "The Most Reputable Cloud Computing Platform in 2020" selected by this conference , and the COO of NiuHuaLi went on stage to receive the award as a representative.
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