With the spring breeze of new infrastructure, the opportunity I’m looking for has come?

Produced by | Lieyun Finance Author | Yang Bing

On July 31, the first stop (Shanghai stop) of the "Sparks Spreading Across the Country·Mining China Tour" event , hosted by Lieyun Finance and co-hosted by Alibaba Cloud, Canaan, F2Pool, Diancun Technology, GSR, 99Ex, and 100P Computing Power Club, came to a successful conclusion. 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 present, under the background of new infrastructure, traditional PoW mining is in a silent period, DeFi and IPFS are in the trend, and the digital mining financial ecology is in the improvement period. Lieyun Finance has joined hands with digital mining and blockchain leading companies to launch the China Mining Tour, hoping to trace the source of the industry with the momentum of sparks, and help the industry develop in a positive and healthy way .

At the beginning of the forum, A Kun, partner of Lieyun Finance, gave a speech as the representative of the organizer. He said that Lieyun Finance is committed to becoming a resource integration service provider in the blockchain field by focusing on in-depth content and activities.

A Kun, Partner of Lieyun Finance

He pointed out that Lieyun Finance was established in Beijing in January 2018. Its parent company is Lieyun.com, a comprehensive technology venture capital platform in China that has received strategic investments from Alibaba, Shanda, and Lenovo Capital.

He also said that in the past two years, Lieyun Finance has held hundreds of offline blockchain events, including two summits with more than 1,000 people . In the future, it will work with more partners to jointly promote the development of the entire industry.

Then, Yao Xianjun, vice president of overseas sales of Canaan, delivered a keynote speech entitled "Leader of Super Computing Solutions". He said that Canaan is a leader in super computing solutions and maintains a leading position in both blockchain and artificial intelligence.

Yao Xianjun, Vice President of Canaan Overseas Sales

He pointed out that 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% of the total computing power of global blockchain computing devices.

In addition, he also revealed that in the past three years, the company has invested about 200 million yuan in R&D each year, and scientific researchers account for 43% of the total number of employees. Among them, 58 have a master's degree or above and have an average of 8 years of product development experience.

Afterwards, Chen Liwei, senior architect of Alibaba Cloud New Finance, delivered a keynote speech titled "Alibaba Cloud Infrastructure Helps Upgrade Industry Technology Architecture". He said that in the digital economy era, data has become a new production factor. At the same time, the digital economy era also requires new infrastructure. Alibaba Cloud is the provider of new infrastructure in the digital economy era.

Chen Liwei, Senior Architect of Alibaba Cloud New Finance

In addition, he also pointed out that Alibaba Cloud's comprehensive infrastructure capabilities help technology upgrades. Among them, Alibaba Cloud ECS provides a rich selection of instances for various computing scenarios of enterprises; Alibaba Cloud Storage provides complete products and services for various storage scenarios of enterprises; Alibaba Cloud Database provides enterprises with enterprise-level high-availability database services.

Next, Wendy, the business representative of DianCun Technology, gave a keynote speech entitled "The Future of Filecoin and the Ecological Niche of DianCun". She said that the amount of data has increased exponentially, and storage has become the biggest pain point for the implementation of blockchain applications. Blockchain + storage = secure distributed storage is needed.

Wendy, Business Representative of Diancun Technology

Regarding the question of whether to consider scale or efficiency when choosing a mining machine, she said that efficiency is the first indicator and scale is the second indicator, because efficiency is actually the difference between a car and a horse carriage, and scale is the difference between boiling eggs and heating a city.

In addition, she also said that Diancun Technology's goal is to achieve the first in sealing speed and block efficiency in technology, and to achieve the first in information transparency and input-output in the market.

Then, Song Zhengxin, head of GSR Asia Pacific, delivered a keynote speech entitled "Hashrate Economy 2.0 - Challenges and Opportunities for Traditional Capital to Enter the Market". When introducing the current status of the hashrate economy, he said that the entire hashrate economy industry is becoming more and more professional and large-scale.

Song Zhengxin, Head of GSR Asia Pacific

He also said that the three black swan events of the epidemic, financial crisis, and halving in 2020 have brought about a reshuffle of the digital asset market. The wealth of digital assets is being redistributed, and only by using appropriate hedging tools to extend the mining life cycle and increase the rate of return can we have the last laugh.

In addition, he also pointed out that the entry of off-market funds has changed the original computing power economic system: on the one hand, the internationalization of the entire network's computing power has increased; on the other hand, the degree of specialization of mining companies has increased.

Next, F2Pool CMO Qingqing gave a keynote speech titled "How Miners in the New Era Can Find Excess Returns." She said that with the iteration of mining and the halving of miner rewards, the mining landscape is also changing.

F2Pool CMO Qingqing

She also pointed out that mining requires choosing a professional platform with technological advantages, optimizing internal and external efficiency and reducing costs. At present, mining has gradually become financialized, and miners must be good at using financial tools to combat unexpected risks and improve their knowledge and abilities.

Finally, 99Ex community partner Robin also gave a speech. He said that 99Ex has achieved outstanding results in just two years since its establishment and successfully ranked among the top 30 exchanges in the world.

99Ex community partner Robin

Robin also mentioned that the 99Pool mining pool platform invested and incubated by 99Ex has gradually improved its ecosystem and has fully deployed IPFS. Filecoin cloud computing power is about to be launched. The first phase will subscribe for 1,000 copies at the lowest price in the entire network, and we look forward to everyone's participation.

In the roundtable session with the theme of "Discussing New Opportunities in Digital Mining", Yao Xianjun, Vice President of Overseas Sales of Canaan, Wendy, Business Representative of Diancun Technology, Robin, Partner of 99Ex Community, Anjo, Head of BD of GSR Asia Pacific, and Qingqing, CMO of F2Pool (guest host), had an interesting and informative discussion.

Yao Xianjun, vice president of overseas sales at Canaan, said that the difficulty of Bitcoin mining will fluctuate in the short term, but the fluctuation will not be large.

Regarding future plans, he said that from the perspective of business, Canaan will increase cooperation with partners in the second half of this year and work with industry partners to serve customers well. In addition, it will look for more reliable partners overseas. Personally, he is optimistic about Bitcoin in the long term and will focus on the field he is good at.

Wendy, the business representative of Diancun Technology, pointed out that the consensus mechanism and method of Filecoin mining are different from those of POW mining. POW mining will turn on and off the mining machine at any time according to the price of the currency, while Filecoin mining is a process that continuously focuses on stability, especially the mining field services will also be different, and hosting in the IDC computer room is also inseparable from the integrated services of professional technology companies.

She also said that Filecoin is aimed at the storage field, providing storage and retrieval services, which is closer to the traditional circle, and the benefits are long-term, and of course more favored by the traditional capital market. Traditional miners need to determine whether they are long-term or speculative, and be prepared to respond.

Robin, a partner of 99Ex community, said that financial derivatives may be an important track or configuration for the exchange, and he hopes to work with more partners to provide more choices for the majority of new users.

He also pointed out that from the perspective of the exchange, exchange traffic is king, and 99Ex will pay more attention to new users and gain user favor by listing hot projects, such as the sale of Filecoin computing power.

Anjo, GSR Asia Pacific BD Director, said that GSR's latest layout in the BTC track is based on GSR's fundraising license in London. GSR will establish a computing power fund. Before that, it will use its own funds to deploy mining, and use its own financial services for post-investment management to create fixed-income computing power fund products. The investment in its own computing power is also a preparation for the development of GSR's computing power derivatives.

In addition, she also said that with the arrival of graphics card mining opportunities in the second half of the year, GSR has also launched an ETH hedging plan.

F2Pool CMO Qingqing said that the current mining payback period has become longer. For miners, it is best to consider how to participate in future competition more competitively.

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 Nanjing, Chengdu, Zhengzhou, Beijing, Shenzhen, Xiamen, etc., so stay tuned!