The new wave is coming, where is the way forward for the old wave?

Want excitement or safety?

The fourth stop (Wuhan stop) of the "Sparks of Mining in China" event, hosted by Lieyun Finance, co-organized by Canaan, F2Pool, Diancun Technology, GSR, and 100P Computing Power Club, and strategically cooperated with Binance Pool, came to a successful conclusion on September 3, 2020.

In addition to receiving special support from partners such as VeryHash, Todek, Hundred Regiments Mining Summit, and RRmine, this event also received strong support from many media partners.

At the beginning of the event, A Kun, partner of Lieyun Finance, took the stage as the representative of the organizer to deliver a speech. He introduced the upcoming BEYOND2020 Shenzhen Summit to everyone .

He said that the summit will focus on industrial blockchain, new infrastructure integration, digital finance, digital mining, IPFS and distributed storage, and will attract more than 10,000 blockchain and Internet industry practitioners, technology elites and investors, as well as more than 100 companies and projects from the upstream, midstream and downstream of the industry. Shenzhen welcomes everyone from October 21st to 23rd.

A Kun, Partner of Lieyun Finance

Then, Chen Yong, the founder of Biyou, gave a keynote speech titled "Pai Network Empowers Investors with Quantitative Efforts". He said that the grid can buy and sell in batches, reduce risks, and help users manage their positions.

In the entire range, the grid can also buy low and sell high, and arbitrage repeatedly. Among them, the infinite grid is suitable for the oscillating rising market, and the band tracking is suitable for the sharp rising market.

He also pointed out that grid trading helps investors overcome human weaknesses, manage positions passively and effectively, reduce reliance on timing, and make profits from volatility .

In addition, he also said that most of the users of Pai.com come from word of mouth. The Pai.com team has more than 20 years of security experience and attaches great importance to security. Paidun is a blockchain security service provider that protects the security of Pai.com.

Chen Yong, founder of Biyou

Afterwards, Wendy, VP of Business at Diancun Technology, gave a wonderful speech. She said that the amount of data has increased exponentially, and storage has become the biggest pain point for blockchain applications . Blockchain + Internet of Things + Smart City + Massive Data + ... = Distributed Storage is Needed.

In addition, when reviewing the Filecoin Testnet, she stated that in the test network and calibration network, Diancun Technology has achieved the good result of ranking first in the node 5 times in total .

In the Filecoin Space Race, Diancun Technology achieved the first cluster node to go online and the first block to be produced . In the face of a large number of DDoS and message attacks, it completed the computing power repair through precise troubleshooting, fully demonstrating Diancun's storage efficiency and technical strength .

VP of Business, Diancun Technology

At the end of Wendy's speech, F2Pool CMO Qingqing also gave a keynote speech. She said that with the iteration of mining and the halving of miner rewards, the mining landscape is also changing. Practitioners are changing, and the status of miners is also changing. Mining has gradually become financialized.

She explained that at present, traditional capital continues to flow in , and miners have changed from mining without selling coins in the early days to mining part and selling part in the past two years. Now everyone is starting to use some financial tools to do this .

F2Pool CMO Qingqing

At the roundtable session, Lieyun Finance Editor-in-Chief Wang Xuejing (guest host), F2Pool CMO Qingqing, Diancun Technology Business VP Wendy, and AlgorithmCat Filecoin FPGA architect Sihai had an interesting and informative discussion.

Wang Xuejing, editor-in-chief of Lieyun Finance, said that there is no such thing as a foregone conclusion in the world, and the same is true for the structure of enterprises in the blockchain industry. If the leading enterprises do not operate well, they will also be eliminated . The most important thing is to break the foregone conclusion thinking.

She pointed out that after the halving, the difficulty of Bitcoin mining increased and the payback period became longer, but the profit situation was still within the effective and calculable range . Many miners did not leave the market, but some traditional capital entered the market.

In addition, she also said that the new track for the future development of the mining industry may be the vigorous development of mining financialization. Especially for miners, it is crucial to make good use of financial tools.

F2Pool CMO Qingqing said that in this industry, all unexpected low-probability events are likely to occur.

For new miners, she gave some suggestions, saying that they should choose professional platforms with technological advantages, optimize internal and external efficiency to reduce costs, make good use of financial tools to combat unexpected risks, and improve knowledge and abilities .

She also said that mining is the most basic and secure moat of blockchain.

Regarding the current market situation, Wendy, VP of Business at Diancun Technology, said that since May, everyone has been in a slow bull market . Although it is a slow bull market, it can still drive the incremental market and attract some funds.

In addition, Wendy also said that with the development of industrial blockchain and the advent of the era of generalized computing power, there may be many tracks in real mining , there will be professional sections, and there will be more professional companies. Whether in the past, present, or future, Diancun will provide better services for everyone.

Sihai, the FPGA architect of Filecoin, said that there will be a bull market every year. The key lies in personal knowledge reserves . Without knowledge reserves, it is easy to miss opportunities in any bull market. Some people made money from this year's hot spot DeFi, while others lost money. The 80/20 rule of the market has always existed.

He pointed out that DeFi is a revolution. The emergence of Bitcoin privatized our assets, while the emergence of DeFi privatized our funds . The emergence of Uniswap allows investors' money to truly exist in private keys.

This event provides a borderless communication platform for industry practitioners and enthusiasts to jointly promote the development of new infrastructure, which has been well received by everyone. The next cities of Lieyun Finance Mining China Tour include Zhengzhou, Beijing, Shenzhen, Xiamen, etc., so stay tuned!