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As the Bitcoin halving date approaches, many people are beginning to worry about the negative impact that the halving will have. What changes will the mining industry experience after the Bitcoin halving? Chinese mining machine manufacturers are generally affected by the epidemic . Bitmain, Canaan, and Shenma have all issued announcements to postpone production, delivery, and after-sales services. Innosilicon, located in Wuhan, is in a serious situation due to the lockdown and other factors. Faced with the impact of Bitcoin halving and the epidemic, the old miners who made good arrangements before the New Year can keep their machines running without panicking . So how will the new miners who are optimistic about the market and ready to enter the market make their choices? With the halving approaching, if the price of Bitcoin continues to rise, a large number of mining machines like S9 will be on the verge of shutting down. A large number of old models will be eliminated, high-cost mining machines will be eliminated, and miners with lower operating costs will gain a foothold. The mining industry may be reshuffled, passively evaluating operations, and competition between mining farms will become increasingly fierce. As old models are eliminated, mining machines with better performance will become mainstream and continue to enter the market, and the cost of mining machines will be lowered.
Zhang Wencheng, sales director of Shenma Mining Machine, believes that although the halving is approaching, you can enter the mining market at any time, provided that you control the cost of mining machines and electricity costs. When the single T profit is high, it is not necessarily a good time, because the price of mining machines is high at that time, and the electricity cost may also be high. Regarding what many people say about "entering mining in a bear market", he believes that if you buy the right mining machine, entering the market at the right time is a good investment. For customers who do not have a particularly advantageous electricity cost, choose products with better power consumption ratio. A longer life cycle means that you can obtain more BTC and have greater profit potential. Yu Wei, founder of Zhijian Xinyun, pointed out that compared to ten years ago when only one computer could be used to mine huge amounts of BTC, now is the best time to enter mining, because the price of the currency will make the difficulty increase infinitely, and the annual increase in the future should be around 100E. How to choose a mining machine? Zhang Wencheng, sales director of Shenma Mining Machine, believes that the pricing of mining machines in the future may not be completely based on the payback period. Some mining machines will achieve a significant extension of operation, so that mining machines can definitely mine for 4 years. For those who invest in mining after the halving, they cannot simply expect the payback period to be within 10 months. The price of low-power and high-computing machines is very reasonable now. If the power consumption ratio of the machine is high, it is necessary to replace some of the low-power machines. When the electricity price is relatively cheap, it is more important to replace them to maximize the advantage of low electricity prices. With the same electricity resources, more computing power can be obtained. In summary, the price of mining machines in 2019 is basically determined by cost + gross profit. Since there are many futures sold, the payback period is not very accurate. In order to better plan for the halving, miners will choose mining machines with better quality, higher cost performance and lower power consumption. Currently, the more common ones include Shenma M21S-56T, Ant S17pro-50T, etc. ▲ Bitcoin mining machine Shenma M21S-56T Official information of Shenma M21S mining machine, computing power is up to 56T, power consumption ratio is as low as 60W/T, power is 3360W, M21S supports SHA256 algorithm, and has the characteristics of low power consumption, integration, easy heat dissipation, and high computing power.
Advantages : Single T has high cost performance; overall stable performance; low repair rate. Disadvantages : The power of the whole machine will exceed 3600W when the mining machine is working, and the power cord configured by the original factory will easily get hot when working; the mining machine computing board uses two chips (KF1921/KF1922), which is very rare in previous mining machines. (Measured data supports the Blockchain Hardware Alliance)
▲ Bitcoin mining machine Antminer S17pro-50T Official information of Ant S17pro mining machine, second-generation 7nm chip, SHA256 algorithm, supports mining of encrypted digital currencies such as BTC and BCH, and supports three working states: low power mode, standard mode and cool frequency mode. Advantages : Low power consumption; 7nm chip, using the world's leading TSMC FinFET technology, with higher integration and better heat dissipation; double-tube fan heat dissipation, effectively improving the performance of the mining machine, and can shorten the wind range of the mining machine by 50%; provides three mining modes to meet personalized mining needs and improve the value retention rate of the mining machine. Disadvantages : The price per T is relatively high; the operation computing power is unstable; the repair rate is high. (The measured data supports the Blockchain Hardware Alliance) Yu Wei, founder of Zhijian Xinyun, said that the choice of mining machines is actually a matter of opinion. New models with high power have high costs, but strong risk resistance; old models have low costs, but there is a possibility of being forced to shut down after the halving. If the price of coins continues to rise, by the end of Fengshui, there may be a large number of M30, S19 and other machines coming out to replace the old machines. The halving will definitely bring pressure to the mining industry. Mining machines, difficulty, coin prices, etc. may all affect mining . Although the extent of the impact is not yet certain, miners are more likely to balance current benefits with possible future risks and then make the most suitable choice. Besides, the key to mining is who can get cheaper electricity prices, and there will always be someone who can get cheaper electricity. |
