Rumor: After the halving, the lowest electricity fee in Fengshui is 4 cents? The Wenchuan mine was fined 10 million yuan and all mining machines were seized

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On the 10th, veteran miner Li Kuang said that during the flood season, electricity charges in Sichuan have dropped to 8 cents per kWh. Wu then said that the blockchain user group launched a "bragging" contest, which once ranged from 8 cents, 7 cents, 6 cents to the lowest 4 cents. According to the profit calculator of the mining website, if it can reach 4 cents per kWh, S9K will become the mining machine with the fastest payback, which can be paid back in dozens of days.

Wu said blockchain analysis, due to miners' uncertainty about the halving situation, coupled with the relatively sluggish coin price, miners have become hesitant to deploy mines, resulting in a situation where there is more electricity, more mines, and fewer miners. Due to the imbalance between supply and demand, and the impact of the epidemic on the Sichuan local government, many local governments are so poor that they have no money to spend, and they have claimed to support the development of the mining industry. Therefore, the electricity price is indeed lower than in previous years. In this way, the first-generation flagship S9 may be able to mine for a few more years.

On the other hand, the mainstream hosting electricity price is still around 0.2 cents. The stability of electricity prices of a few cents is definitely poor, and the areas will be more remote. If there is no very stable local relationship, it may not necessarily bring rich returns. For example, the following things may even happen:

In the Wu Blockchain community, there is also a piece of gossip that a mine in Wenchuan, Sichuan was closed down by tax and environmental protection, fined 10 million, and all the machines were seized. We cannot confirm whether the mine itself violated the rules or failed to manage the local relations. But this also highlights that the biggest risk of crypto mining lies in local governments. Although the top leaders of local governments seem to be supporting in various ways, it is often the case that "it is easy to see the king of hell, but it is difficult to deal with the little devils". There are too many relationships to manage in taxation, industry and commerce, fire protection, environmental protection, etc., and when there are too many unspoken rules, uncertainty will increase.

One of my friends asked if mining could become a franchise in the future, with the government issuing licenses. Wu said that blockchain believes that this is a good thing in terms of stability (the current premise is that the issuance process is fair and just), but it may increase unnecessary costs and even undermine some unspoken rules, such as whether to tax the mined coins. The alliance relationship formed by the mine owners with stable local government relations and the large miners with machines, which is a cooperative and profit-sharing alliance, is still the current situation and development direction.

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