Antminer Fan Xiaojun: The production capacity of mining machines in 2020 is very limited and cannot meet the market demand brought about by the rise in coin prices

Mars Finance APP (WeChat: hxcj24h) reported from the front line that on June 1, the 2020 Mining Network Digital Mining Summit, co-organized by Mining Network, Bitmain, Antminer, Ant Pool, BTC.COM, and BitDeer, was held in Chengdu. Mars Finance followed up the report as a strategic media.

After Bitcoin completed its third halving, the block reward decreased. In the absence of a significant increase in the price of the currency, the miners' income was greatly reduced. Will this affect the sales of mining machines? What impact will the limited mining machine production capacity this year have on the price of mining machines and the price of the currency? Around these issues, Mars Finance interviewed Fan Xiaojun, the head of sales for Antminer in the Asia-Pacific region.

Fan Xiaojun said frankly that from the perspective of product sales, the sales volume of mining machines has slightly decreased after the halving, but based on everyone's expectation of a rise in the price of coins after the halving, the overall sales volume has not been greatly affected. Taking the S19 mining machine as an example, the September products have been sold out, and the October products will be released soon.

He further pointed out that users want to buy products with better cost performance, especially considering the power consumption of a single T, because electricity costs are a very important expense in mining. For machines with low power consumption, there is no need to worry about the risk of shutdown even if the price of the currency falls. In comparison, the S19 mining machine is superior to its competitors in terms of product price and payback period. The T19 mining machine has also been launched, and the market has a strong desire to buy it.

Fan Xiaojun believes that the production capacity of the mining machine industry in 2020 is very limited because the entire chip production line is very tight. If the price of the currency rises further, the production capacity will be far from meeting the market demand, and the price of mining machines is expected to rise. Take 2017 as an example. Before May, the market was selling spot goods, but since then the price of the currency has soared. Many people bought mining machines, but the production capacity of mining machines was insufficient, so they could only buy futures.

However, in his opinion, the impact of the mining industry on the price of the currency is not that great, and there is no great logical relationship between the two. Under the Bitcoin halving mechanism, as the output becomes less and less, more people need to join, understand and use Bitcoin, which will drive the price to continue to rise.