New Heights, New Journey·2020 MWB Digital Mining Summit Concluded Successfully!

On the evening of June 1, 2020, the 2020 Mining Network Digital Mining Summit, co-organized by Mining Network, Bitmain, Antminer, AntPool, BTC.COM, and BitDeer, came to a perfect conclusion in Chengdu.

As the finale of Chengdu Blockchain Week, this summit not only brought together industry leaders, but also brought a wonderful audio-visual feast to miners. During the meeting, more than 50 industry elites including Fan Xiaojun, Sales Director of Bitmain Asia Pacific, Zhuang Zhong, CEO of BTC.COM, Tian Xin, co-founder of Ant Mining Pool, Meng Xiaoni, CEO of BitDeer, Li Peicai, co-founder of Shanghai Waiyi, and Xiao Guihua, co-founder of Guihua Technology, all appeared and delivered wonderful speeches.

(Site of the 2020 Mining Network Digital Mining Summit)

The summit was hosted by Chengdu TV special host Lei Xue. The venue was packed with guests and audiences, with frequent hot topics and a lively atmosphere. The following is a review of the meeting details.

(Chengdu TV special host: Lei Xue)

At the beginning of the meeting, Zhang Yuan, editor-in-chief and co-founder of Wabi.com, delivered a speech on behalf of the organizer. She said: It is everyone's joint efforts that have created the vitality of the digital mining industry. She hopes that in the future Wabi.com can work hand in hand with all the guests to strive for the vigorous development of the industry. Wabi.com is willing to become the backbone and strong gear to promote innovation and progress in the industry.

(Editor-in-chief of Mining Coin: Zhang Yuan)

Mr. Fan Xiaojun, head of sales for the Asia-Pacific region of Bitmain, delivered a speech on behalf of the co-organizers and guests, and gave two suggestions to the audience based on his many years of experience: First, for new entrants, you must first understand the mechanism of virtual currency before taking action, and you must choose official channels or reliable dealers to buy machines; second, you must pay attention to avoiding pitfalls in mining farms and mining pools. Finally, Mr. Fan announced on the spot that the Antminer T19 series will be officially released on the same day of June, giving everyone a round of unexpected surprises.

(Bitmain Asia Pacific Sales Director: Fan Xiaojun)

After Mr. Fan’s speech, the host announced the results of the 15-day popular machine king voting that started on May 18. Ant S19pro and Blackminer F1u won the "Popular Machine King" and "Innovative Popular Mining Machine" awards respectively; KIKI, CEO and co-founder of Wabi.com, and Li Peicai, co-founder of Shanghai Wayi, took the stage to present awards to the winning manufacturers.

(Left: Fan Xiaojun, Sales Director of Asia Pacific Region of Bitmain; Right: KIKI, CEO of Wabi.com)

(Left: Lili Lei, head of global sales at Blackminer; Right: Li Peicai, co-founder of Shanghai Waiyi)

Subsequently, at the request of netizens, Ms. Lili Lei, Blackminer's global sales director, gave a live science introduction to the characteristics of the mining machines in the Innovation Zone and the differences between them and GPU mining machines and ASIC mining machines. She also summarized five payback strategies for the FPGA mining machines of the Blackminer F1-U.

(Blackminer Global Sales Manager: Lili Lei)

BTC.COM CEO Zhuang Zhong, together with five guests, including Bitmain Asia Pacific Sales Director Fan Xiaojun, Guihua Technology Founder Xiao Guihua, Caiyun Bit Founder Lv Lei, Mars Cloud Mine President Shang Silin, and Mining Gold Institute Executive Vice President Qu Qiuhong, presented the first roundtable forum of the day with the theme of "Joint Mining, Starting a New Journey of Mining". During the meeting, the guests expressed their views. Fan Xiaojun believed that joint mining is essentially a win-win situation. Everyone should work together to do a good job in mining, and analyzed the logic of joint mining.

Xiao Guihua believes that joint mining can better improve the efficiency of miners in delivering mining machines and mining. The most important thing is that the intermediate profit link should be the large miners.

Lu Lei believes that Caiyun Bit must provide our services well, integrate everyone's strength, and make it systematized, that is, maintenance must be systematized and projects must be compliant.

Shang Silin believes that the entire mining industry chain, whether it is mining machines, mining farms, operation and maintenance, mining pools, or derivatives, is becoming more professional and transparent than before. It will have the potential to produce more compliant cloud computing platforms, or what we call cloud mining platforms, to provide a channel for these new entrants.

Qu Qiuhong believes that there are two key points in joint mining: the first is to link resources; the second is to share risks and profits.

Roundtable Forum 1: Joint Mining, Starting a New Journey in Mining

The second roundtable forum, "In-depth analysis of the industrial chain, where did the miners' coins go?" was hosted by Tian Xin, co-founder of Ant Mining Pool. The guests on the same stage were Li Peicai, co-founder of Shanghai Waiyi, Kong Meng, founder of VeryHash, Wang Yang, initiator of the One Person One Coin (BTC) consensus community, Ma Tengjiao, CEO of Atlas Mining, and Tang Wanlong, chairman of Duowa Technology.

The host Tian Xin said that the first thing that Ant Pool needs to do in the future is to deepen cooperation with mining farms and provide better support for mining machines in terms of software and hardware. The second point is that the mining pool will do more to increase profits, such as machine gun pools or guaranteed activities.

Li Peicai believes that the survival rule can be applied to the Kelly formula. One is your risk-return ratio, which means that when you do something, the first thing you need to consider is your maximum loss and your maximum return. The second very important quantity is position management, because many investment opportunities are indeed inevitable and will return to zero.

Kong Meng said that Veryhash will be committed to influencing more quantitative and trading teams to conduct strategic research on mining machine assets in the next few years, and contribute to the overall market liquidity;

Wang Yang believes that in the current situation, it is actually a stock game, because the industry has not yet entered a bull market, and he believes that the bull market will only come after 20,000 US dollars;

Ma Tengjiao believes that using financial instruments for hedging, including currency loans and some other derivatives, to hedge some risks is very helpful, but the risks to be considered are that the leverage cannot be too high, and there may be some impacts of black swan events;

Tang Wanlong believes that whether it is speculation or hedging risks, the people to be contacted are still mainly financial institutions. Mr. Tang himself holds both long and short ideas. When the long and short ideas appear, there are corresponding response strategies and methods.

Roundtable Forum 2: "In-depth analysis of the industry chain, where did the miners' coins go?"

After the second roundtable forum, Kong Meng, founder of VeryHash, the strategic partner of this conference, distributed red envelopes worth 5,000 yuan in USDT that can be withdrawn. The audience was excited and took out their mobile phones.

(Veryhash 5000 yuan call red envelope)

(The moment when the audience grabs the red envelopes)

The third roundtable forum was themed "Cloud Mining: How to Create a Cloud that Makes Money Every Day?" It was hosted by Shi Rui, CMO of BitDeer. The guests on the same stage were Chen Lei, founder of BitBlue Whale, Liu Kuan, founder of Jiejie Mining, Keven, head of Zhikuang University, Pan Shi, founder of HashPool, and Liu Changyong, initiator of Free Cash. Several guests discussed a series of issues such as how to increase the benefits of cloud computing power.

Chen Lei believes that a good cloud computing product must be able to perfectly resolve online and offline conflicts. Specifically, the shallow ability should be to ensure that the supply of cloud computing products is safe and stable, and the deep ability is its continuous supply capability. In addition, if it has enough financial tools, it is possible that the service boundaries it brings to users will be very wide.

Liu Kuan said that it is a very convenient window for new users who want to try mining. If they can cooperate with large-scale mining farms and purchase low-priced mining machines, it will bring a lot of growth to this industry.

Keven believes that users who purchase cloud computing power do not know that mining actually contains a lot of risks, and fluctuations may also result in no returns. If most users of a product are immature investors, I personally think there may be some huge risks.

Professor Liu Changyong’s point of view is: Since the entire cryptocurrency market is highly volatile and the market is relatively chaotic, it brings a lot of risks. If we want to promote the development of cloud computing power, the dissemination of knowledge is very important.

Pan Shi believes that if you can plan and enter the small currency field early, whether it is hoarding coins or mining, selling and withdrawing, it is a very good choice. I hope everyone can seize the opportunity and hope that more cloud computing products for small currencies can be released.

Roundtable Forum 3: "Cloud Mining: How to Create a Cloud that Makes a Fortune Every Day?"

After the third roundtable forum, the audience had an exciting lucky draw session. BitDeer CEO Meng Xiaoni drew out 6 lucky audience members and gave them an FPGA mining machine sponsored by Blackminer and 5 Xiaomi Xiaoai speakers.

(BitDeer CEO Meng Xiaoni presented awards to the lucky audience on the spot)

The finale roundtable forum on the day of the conference, "Filecoin is coming", was very popular. The host, Peng Tao, the head of Mars Cloud Mining Products, and the guests on the same stage, Tian Qicheng, co-founder of 1475, Nancy, co-founder of Interstellar Vision IPFSNEWS, Hu Feng, editor-in-chief of IPFS China Community, Cai Ronglai, co-founder of Ronglai Technology (Force Zone), and Shen Yingzhe, COO of Interstellar Continent, as powerful players in the IPFS field, brought everyone the latest and most in-depth sharing of IPFS. Several guests discussed the value of the IPFS Filecoin project, the difference between Filecoin mining and traditional mining, the prospect of IPFS applications, the Filecoin economic model, and predicted the Filecoin currency price. Everyone had consistent and different views, and the discussion was very intense. After the roundtable meeting, the audience was still reluctant to leave and continued to discuss around the guests. It can be seen that Filecoin is very popular.

Roundtable Forum 4: "Filecoin is coming"

(The audience continued to discuss on site after the meeting)

On the evening of June 1, 2020, the Digital Mining Summit of Wabi.com came to a successful conclusion with a joyful dinner. The guests at this conference had cutting-edge views, and the high enthusiasm of the audience will greatly boost the confidence of the industry!

Wabi.com would like to thank the following partners: