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Contains mining secrets of veteran miners!
The second stop (Nanjing stop) of the "Sparks of the Land·Mining China Tour" event, hosted by Lieyun Finance and co-organized by Canaan, Y2K, Diancun Technology, GSR, 99Ex, and 100P Computing Power Club, came to a successful conclusion on August 7, 2020. In addition to receiving special support from partners such as VeryHash, Todek, Hundred Groups Mining Summit, RRmine, Mining Hero, etc., 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 said that Lieyun Finance is committed to becoming a resource integration service provider in the blockchain field by cutting into in-depth content and activities. In the past two years, Lieyun Finance has successfully held hundreds of offline blockchain events and two summits with more than 1,000 people. In addition, he also said that Lieyun Finance initiated and organized the establishment of the "100P Computing Power Club" in 2019, committed to building the most influential leadership organization in the global digital mining industry and jointly promoting the sustainable development of digital mining.
A Kun, Partner of Lieyun Finance
Afterwards, Li Haotian, CEO of Diancun Technology, gave a keynote speech entitled "Filecoin Niche of Diancun". He said that the niche starts with resources and grows beyond demand. Diancun's goal is to move from competing for niches to creating niches. He also pointed out that mining machines are not important, but mining capacity is important. As for how to evaluate mining capacity, he said that efficiency is the first indicator and scale is the second indicator. Efficiency is the difference between a car and a carriage, and scale is the difference between boiling an egg and powering a city. In addition, he also said that Diancun solves the problem of the source of real data for miners, and the effective storage capacity is increased by 10 times. It solves the problem of high broadband costs for miners and effectively reduces it by 10 times.
Li Haotian, CEO of Diancun Technology, followed by Dabao, Chief Brand Officer of 99Ex, who gave a speech. Dabao said that 99Ex is currently one of the top 30 exchanges in the world and will continue to provide good products and services to global investors in the future. The incubated 99Pool will continue to enrich the application scenarios of the platform token NT, and combine the blockchain real economy to build 99Pool into the first platform for advertising value sharing and digital asset management. In addition, Dabao also mentioned that the city super nodes of 99Pool will soon be fully open for election, and hoped that global blockchain builders can work with 99Pool to build a mining pool ecosystem and promote the healthy development of blockchain.
99Ex Chief Brand Officer Dabao was on the scene, and Gao Fei, co-founder of Jiangsu Duomi Technology, also shared some useful information. He said that after the halving, the income from Bitcoin mining has decreased, the market's desire to buy new mining machines has decreased, and the phased volume of the total network computing power is a false prosperity. He also said that after the halving, the mining group has changed, some old miners have left, and those who stayed have little desire to change models. Mining companies and mine owners have taken over a large amount of computing power. Changes in the economic environment and the nature of mining as a relatively stable way to make money have led to the entry of traditional industries and traditional financial institutions. In addition, he also pointed out that the choice of mining machines determines the cost of mining . The selection of mining machines depends on the timing, the cost-effectiveness, and the stability and lifespan.
Gao Fei, co-founder of Duomi Technology
Next, Yao Xianjun, Vice President of Overseas Sales of Canaan, delivered a keynote speech entitled "Leader of Super Computing Power Solutions". He said that as a leader in super computing power solutions, Canaan maintains a leading position in both blockchain and artificial intelligence. Canaan designed and delivered the first batch of ASIC-based blockchain computing devices and is the second largest blockchain computing device design and manufacturing company, accounting for 22.9% of the total computing power of global blockchain computing devices.
When introducing the development history of Canaan, he said that Canaan has been established for 7 years since 2013. In 2015, the 28nm ASIC chip was mass-produced, taking the first step in the mass production of AI chips. Last year, it successfully landed on the Nasdaq and became the first blockchain and artificial intelligence stock in my country. Similarly, it also started to invest in 5nm process research and development last year.
Yao Xianjun, Vice President of Canaan Overseas Sales
At the roundtable session, Yao Xianjun, vice president of overseas sales at Canaan, Li Haotian, CEO of Diancun Technology, Chen Jiu, business director of F2Pool, Gao Fei, co-founder of Duomi Technology, Wang Chong, founder of Niu Computing Power, and Wang Xuejing, editor-in-chief of Lieyun Finance (guest host), had an interesting and informative discussion.
Yao Xianjun, vice president of overseas sales at Canaan, said that in the past, overseas miners were mainly concentrated in North America, Russia, and Southeast Asia, and places with more miners were relatively places with relatively cheap electricity prices. But since the beginning of this year, most of the big miners are from North America and Northern Europe, and they are not focused on cheap electricity prices, but are more concerned about long-term benefits.
For those who want to join the game, Li Haotian, CEO of Diancun Technology, gave his advice. He said that it also depends on the amount of funds, especially the proportion of the investment money to the total assets. Never take out a loan or borrow money to invest. Buying mining machines or speculating in cryptocurrencies are both investment behaviors, and the investment money should account for a very small part of the total assets. Whether investing 10,000 or 10 million, the principle is the same. First find a consultant, then study hard, compare calmly, and bet prudently.
F2Pool Business Director Chen Jiu believes that mining pools are essential infrastructure for the entire blockchain. For mining pools, the opportunities they face are closely related to blockchain. As a way to distribute digital currency, mining pools currently offer great opportunities. He also said that if mining pools want to seize opportunities to develop and grow smoothly, they also need to overcome some difficulties. The technical strength of the mining pool and other factors will determine whether it has an advantage in this field.
Gao Fei, co-founder of Duomi Technology, said that the changes in Ethereum are gradual rather than sudden , such as the evolution from 3G to 8G. Within two years, Ethereum mining will still be our existing POW, and it will take time to truly realize POS. The Ethereum team needs to think about the user situation. Currently, more than 90% of the projects are still based on Ethereum. Its technical upgrade is more about improving the carrying capacity without harming the basic users.
In the view of Wang Chong, the founder of NiuHuaLi, the rise of cloud computing power was in 2019, when the price of coins skyrocketed and it was hard to find a platform in the market. Hundreds of cloud computing platforms emerged at one time, but many of these platforms are gone now. Cloud computing platforms are very Internet-oriented, and there will be only 8, 9, or even fewer in the end. Cloud computing platforms are tools or channels for small users and retail investors to enter the market. The market needs cloud computing platforms, especially formal cloud computing platforms.
Wang Xuejing, editor-in-chief of Lieyun Finance, said that the competition among platforms or projects is essentially a competition for users. Whoever wins the hearts of users will gain the initiative in this competition. In addition, she also expressed her vision for the future, saying that no matter what the future market conditions are, whether it is a bull market or a bear market, she hopes to be able to go through the bull and bear markets with everyone. 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 on Lieyun Finance’s Mining China Tour include Chengdu, Zhengzhou, Beijing, Shenzhen, Xiamen, etc., so stay tuned!
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