BitDeer CMO Shi Rui: Mining is the best way to obtain pure Bitcoin

On April 21, BitDeer and eight major mining brands jointly held the "First 421 Flood Festival" live broadcast conference. Many well-known people in the industry expressed their views on the flood season, halving market and future industry development. As the organizer of this event, BitDeer is naturally well prepared for the flood season and has recently launched a flood package. BitDeer also has its own views on mining.

Cloud mining has been a hot industry in recent years. There are more and more cloud mining companies on the market, which has become the first choice for many users to enter the mining industry. However, due to the new industry and lack of supervision, many problems have also emerged within the cloud mining industry. For this reason, BlockBeats interviewed BitDeer CMO Shi Rui and asked her to express her views on the current industry prospects and BitDeer's recent development.

BitDeer CMO Shi Rui

BlockBeats: BitDeer has been launched for more than a year. How has it developed over the past year? What is its current market share? How are its overseas users?

Shi Rui, CMO of BitDeer: BitDeer is the world's first time-sharing mining machine platform that pioneered computing power cutting and allocation. It provides users with a complete set of cloud mining service solutions, including mining machine purchase, logistics distribution, power management, mine operation and maintenance, machine operation and maintenance, etc. Users only need to choose a service package on the platform and start to get mining income 10 minutes after placing an order. The design of the product fits the essence of mining and truly restores the entire mining process.

BitDeer was born at the bottom of the bear market in December 2018. It did not rely on the bubbles and false highs of the bull market, but through its advantages such as technical strength, real computing power, transparent services, extreme pricing and flexible package selection, as well as professional and large-scale large-scale mining farm operation and maintenance management services, it grew against the trend at the bottom of the bear market and attracted the participation and attention of a large number of users around the world. BitDeer achieved the top 1 ranking of cloud mining companies in the world in less than half a year after its launch, and has maintained its leading advantage for a long time.

As of now, BitDeer has more than 2.5 million monthly visitors, and the website is available in 9 languages, serving customers around the world. It manages hundreds of thousands of mining machines, and professional standard mining farms are spread across Asia, America, Europe and other continents around the world. It has strategic cooperation with top mining service provider Bitmain, and has aggregated the world's top computing power mining pools, such as BTC.com mining pool, Antpool mining pool, F2Pool mining pool, ViaBTC mining pool, and BTC.top mining pool, to jointly accelerate the development of the industry.

BlockBeats: There are many mixed cloud computing platforms on the market. Major trading platforms are launching their own cloud computing services. It is inevitable that some platforms have "run away". What is BitDeer's opinion on this? How should investors choose a cloud computing platform?

Shi Rui, CMO of BitDeer: Looking back at the history of the cloud mining industry, the first platform was established in 2014 and gained millions of users. During the bull-bear cycle transition from 2015 to 2018, the industry developed rapidly and irregularly, and inevitably some problems that need to be regulated emerged. Since the mining link in the cloud mining service is easily turned into a "black box" by illegal companies, users are deceived by virtual computing power of non-existent physical mining machines. Illegal companies turn their investments into fraudulent funds and Ponzi schemes, which have had a great negative impact on the entire industry, causing some users to equate cloud computing power with scams.

A good cloud mining service is the best way for blockchain beginners to participate in Bitcoin mining. The original intention of BitDeer, founded at the end of 2018, was to make the cloud mining industry completely real, transparent, and professional, and to provide users with more secure services so that ordinary users can "mine with peace of mind." From the establishment of the company and the launch of the product to the present, we have been working hard on the "real and transparent" nature of our computing power package products to reassure users.

We released the first "Draft of Cloud Mining Industry Standards" at the end of May 2019, which put forward requirements for enterprises from the dimensions of real computing power, mining site access standards, computing power fluctuation values, etc. We launched such standards in the hope of helping our partners and our users to identify and distinguish transparent and trustworthy platforms. At the same time, for investors, when choosing a cloud mining platform and judging whether the platform is reliable, you can refer to the industry standards released by BitDeer. There are several key judgment methods to help you choose:

1. Whether the company entity is reliable and legal, and whether the business model is transparent and compliant;

2. Whether the mining equipment actually exists, whether there is equipment certification, and whether the platform mining farm actually exists;

3. Whether the purchased computing power is authentic and traceable, and whether the computing power income of the mining pool and platform can be checked at any time;

4. The mining income is paid to users by the mining pool, not by the platform;

5. Whether the mining currency purchased is a relatively recognized project in the industry, and whether the mining income is within a reasonable range;

6. Whether there is an authoritative company to endorse it;

7. Is it like a Ponzi scheme, where there will be profits in the early stage, but when the capital chain is broken, the payment will suddenly stop and the platform will run away?

BitDeer is currently a trustworthy service provider in the field of cloud mining. We have opened up the previous black box mode of cloud mining and decentralized the user's power to the maximum extent. Users can intuitively see the operation of the computing power they rent in the mining pool, so that users can be completely assured.

BlockBeats: Compared with other cloud computing platforms on the market, does BitDeer have any unique competitive advantages?

Shi Rui, CMO of BitDeer: The cloud mining market is currently in a period of rapid development. Not only are there more and more cloud mining companies, but also a variety of products. Back to BitDeer itself, we have been leading the way in several unique core competitiveness since our launch:

1) The first point is the groundbreaking core technology strength. BitDeer is the world's first time-sharing shared mining machine platform that truly realizes computing power cutting and allocation. We cut the computing power of real mining machines to a minimum of 1T, truly realizing "time-sharing";

2) The second point is that the computing power is real and traceable. Any computing power package run by any user can be traced back to the specific mining farm and mining machine where it is executed, and the computing power operation data can be viewed in real time on the mining pool side;

3) The third is that the business model is transparent, and the mining income is directly transferred from the mining pool to the user end. Users can freely specify any mining pool and switch at will during operation;

4) The fourth is professional mining farm operation and maintenance management, low computing power volatility, and large asset scale. BitDeer's professional mining farms have spread across Asia, Europe, America and other continents around the world. They have systematic, safe, professional management and refined operations, managing hundreds of thousands of mining machines, with a 100% online computing power rate and an average volatility of less than 2%. For users, they enjoy the mining service experience of large miners;

5) The fifth reason is that we have the strongest industry chain integration capabilities and strategic partners in the entire mining industry. Based on this, we have the bargaining power to provide users with the best product prices and obtain the most stable mining income;

6) Finally, it is the corporate business philosophy of "user first" and long-term compliance with laws and regulations, and endorsed by many well-known corporate strategic partners such as Bitmain and major well-known mining pools.

BlockBeats: As the flood season approaches, what preparations has BitDeer made? Will there be any new products launched?

Shi Rui, CMO of BitDeer: The mining halving is imminent, and the annual flood season is coming. This year, due to the impact of a series of black swan events, not only has the profit margin of mining been compressed, but the already fierce computing power competition during the flood season will be further intensified. The high or low electricity price directly affects the mining income. Whether the flood season can be grasped is directly related to the overall income and survival of miners for a year. The importance of this flood season to miners is self-evident. Mining during the flood season is an opportunity that miners must seize in the bear market.

In response to the annual flood computing war, BitDeer launched the "421 Flood Festival" to create the Tmall Double 11 of the mining industry. The difference is that Tmall Double 11 makes users spend money, while the "421 Flood Festival" hopes to help users make money. This flood festival provides users with one-stop mining services from mining machines, mining pools, mining farms, operation and maintenance to cloud mining and digital currency financial management.

Among them, we have made the following preparations for Xiaolu's cloud mining in terms of Fengshui package:

1. Extreme electricity prices across the network to protect the flood season package. We have launched two products with a flood season electricity price of 0.22 yuan. The package price can be said to have reached the extreme of the entire network, allowing ordinary users to enjoy the mining dividends of large miners during the flood season.

2. There are abundant computing power products with strong choices. The two products are the accelerated return on investment product and the classic cloud computing power product. The corresponding two outstanding mining models are Antminer T17 and Antminer 15th generation. You can freely choose according to your investment risk preference.

Users may be curious about the accelerated payback product. As a cloud mining product created by BitDeer, this product is more affordable, less risky, and has a faster payback design concept, allowing users to truly experience the biggest feature of our accelerated payback product: it greatly shortens the payback period for users. The platform only charges computing power and electricity fees as low as the cost price for computing power products before payback. When users get their money back, the platform participates in the profit sharing model. This time, we will combine the accelerated payback model with the flood electricity price, which has an ultra-low threshold and is more resistant to risk fluctuations, helping users to obtain mining benefits during floods.

3. The mining time of the Fengshui package runs through the flood cycle, and the stable computing power ensures mining income. BitDeer's flood computing power product cycle is 140 days, and the mining effective period is early June, which avoids the unstable power supply and frequent power outages during the flood period in May and the end of November. The carefully selected mining time ensures that the computing power online rate meets the standard and can better ensure income. In addition, due to the temporary shutdown of mining machines caused by the halving of mining and the superposition of flood transfer factors, the difficulty will be adjusted at the end of May. The mining effective time can effectively avoid the low income.

4. Adequate preparation of Fengshui computing power products: Due to the rapid sale of Fengshui computing power products in 2019, many users did not enjoy the benefits of Fengshui mining. Therefore, BitDeer has prepared more than 100,000 mining machines for this Fengshui Festival, with a computing power of up to 3000P. The first batch is currently being sold, and will be gradually launched in the future to meet users' purchasing enthusiasm.

5. Fengshui computing power product investment is a very suitable mining investment option on the market. Traditional mining not only has a high threshold and a cumbersome investment process, but also is not as good as BitDeer's Fengshui computing power products in terms of investment cost, capital occupancy rate, and risk resistance. Bitcoin is not in a bull market at present, and the mining cost of computing power products is the same as that of buying mining machines for mining; for users, the capital occupancy rate determines the real investment rate. At present, if you invest in a T17 mining machine, the price is equivalent to buying a Fengshui package of the same mining machine plus a mining machine futures at the end of October. If you buy a mining machine directly, you will miss Fengshui mining.

Finally, traditional mining has poor risk resistance. Not only do you need to inspect the mines and arrange the mines yourself, but you also need to consider the transition between flood and dry seasons, frequent power outages during flood seasons, high failure and scrap rates, and high mining machine damage during the transition process. These problems are all avoided with computing power products. Therefore, BitDeer's flood computing power products are worth purchasing as mining investment targets at this stage.

BlockBeats: People often compare buying mining machines, buying Bitcoin directly, and choosing cloud computing platforms. So what are the advantages of cloud computing platforms compared to the former two?

Shi Rui, CMO of BitDeer: Regarding the way to obtain Bitcoin, we recommend that you first obtain Bitcoin through mining for the following reasons:

First, mining is the only way to earn bitcoins stably with low risk and high returns. Compared with currency speculation and hoarding, if the price of bitcoin does not rise, mining can be profitable, and if the price of bitcoin rises, mining will bring higher returns.

Secondly, mining is more resistant to risks, reducing trading behaviors and avoiding being washed out when the market fluctuates. It also prevents external risks caused by the running away of trading platforms.

Finally, mining is the best way to get pure Bitcoin.

However, with the development of the mining industry, the threshold for mining has become so high that ordinary people are discouraged. Traditional mining tends to be a heavy asset industry, with large capital investment, long payback period, and many uncertain factors. For ordinary users, many barriers are not easy to overcome, so the advantages of cloud mining are reflected.

Cloud mining packages and manages the complicated mining steps in the past. Users only need to place an order to purchase computing power to start mining and earn Bitcoin with one click. With a lower threshold, cloud mining products with strong reliability, light assets, and user-friendly experience stand out and become the best way to obtain Bitcoin. Not only can users mine and store coins with peace of mind in a bear market, but they can also not miss the market dividend when a bull market comes.