What should miners do to make the most money? ——"Mining Coin Network Celebrity Awards"

host

In life, we often discuss the question of whether the chicken or the egg came first. Mr. Zhuang, please review how the field you represent has evolved and grown in the entire industrial chain?

solemn

The direct customers of mining pools are usually what we call miners. This includes miners of all sizes with their own computing power, as well as various derivative concepts, such as cloud computing power providers. Mining pools essentially solve the pain point that the benefits of decentralized computing power cannot be stably guaranteed. Due to the problem of luck in mining, miners with small computing power may not have any benefits in long-term mining, while mining pools can continuously and stably guarantee the benefits of miners. This applies to miners of all computing power. Mining pools, as a hub connecting miners with downstream financial industries and upstream mining machine businesses, have brought together a large number of miner resources. The development of mining machines is driving the progress of mining pool computing power business. At the same time, the evolution of mining pool business also provides rich financial scenarios and users for digital currency financial services.

host

For miners, every step of mining is a multiple-choice question. In your area of ​​expertise, what should miners do to make the most money?

solemn

For mining pools, revenue is undoubtedly the core concern of miners. In the traditional model, the difference in fees is the focus of attention, but with the competition among major mining pools, the fees are becoming more and more transparent, and miners are more familiar with the calculation of revenue. It is also easy to be caught if they tamper with the revenue. In terms of stability, everyone is constantly improving. BTC.com's open source mining pool solution is currently serving many different mining pools.

The hot topic of recent attention may be the machine gun pool, which is also due to the recent major currencies. We have also cooperated with MatrixPort to open the internal test of the machine gun pool for major customers. In this mode, the miner's computing power will automatically select the appropriate currency according to the current currency price. The income can be freely configured on the MatrixPort side. The exchange strategy can be easily exchanged. We are also constantly working with MatrixPort to try various financial products to increase and protect the income of miners. For novices, you can also try reliable cloud computing products to enter the field of mining. Mining pools also have in-depth cooperation with some partners. For high-end players, you can also get customized support in various links through Bitmain.

host

What opportunities and challenges will this year's Bitcoin halving bring to miners? In what aspects should miners prepare to cope with it?

solemn

Now, the most important thing for halving is how to calculate the profit of mining machines. In particular, do not forget the impact of halving. Users who buy second-hand mining machines may be more careful, because with the coming of the flood season, some old mining machines may start working again, but these mining machines may have been overclocked many times and modified in various ways. So for these machines, their lifespan will definitely be affected. And for new users, they must choose the mining machine with the best performance.

This is the only way to ensure that you can remain in such an unbeatable position for a period of time in the future. Assuming that the mining income is similar to the electricity bill in the future, some miners with high costs will definitely withdraw, and in the end, those with the highest overall advantage will always be able to persist and ensure that they can always make a profit. Therefore, mining machines are undoubtedly the most fundamental point. Of course, power resources, mining resources, etc. all need to be laid out in advance and actively prepared. For ordinary users, you must still pay close attention to the fluctuations of various prices.

For this kind of problem, I believe we should look for more financial products to hedge some risks and ensure our own returns. In addition, we can also obtain some extra income through some value-added financial services, which can help us to some extent in such a situation.

The pressure faced by our mining pool is the same as everyone else, because the halving will definitely affect our BTC and BCH revenues. So this will also prompt the entire industry to explore new opportunities and new cooperation points. To expand their own income channels, I believe that this process should also prompt everyone to develop some new business forms.

host

Many project parties use various incentive policies to encourage people to hold Bitcoin for a long time. Bitcoin also has a group of loyal believers who call on everyone to hold Bitcoin for a long time. What impact do you think long-term Bitcoin holding by users will have on the industry ecology?

solemn

Because long-term holders have great confidence in the healthy development of the Bitcoin ecosystem in the future, they also used such user groups to promote digital currencies in the early days, expand Bitcoin awareness, and thus enhance Bitcoin liquidity and form a closed loop. Of course, as an old leeks, you may find that it is better to hoard some coins than to operate like a tiger. It should be said that the investment risk and difficulty of digital currency are still quite high. For ordinary people, this laziest strategy may not be the worst. At present, the liquidity of BTC in the market is actually quite good. It has not entered a situation where everyone holds coins and cannot sell them. After all, there is no inherent mechanism to lock positions. For marketing, it can only be said that it is actually quite difficult to hold coins...