Yu Wei, founder of Zhijianxinyun, Biyin Guest Room: The logic of mining profit is very simple, and the mining farm needs to pay attention to compliance and safety

On February 13, hosted by Biyin Mining Pool and exclusively broadcast by Golden Finance, Biyin Guest Room Episode 2: Can you still enter the mining market now? (II) In "Teaching You to Maximize Mining Profits", Yu Wei, founder of Zhijian Xinyun, said that compared with buying coins, mining is to obtain Bitcoin from the source. At the same time, the profit logic of mining is very simple. When the mining reward is greater than the mining cost, mining is profitable. Mining reward = block reward + block packaging fee; mining cost = hardware cost (mining plant, mining machine, etc.) + operating cost (electricity fee, labor cost, etc.). The payback period when investing in mining is generally calculated by the static payback period, that is, assuming that the currency price and difficulty change at a certain ratio, how long does it take for mining to pay back. Because the calculation of the dynamic payback period involves future changes in currency prices and difficulty, it is difficult to predict. Regarding the choice of mining machines, high-power new models are expensive, but have strong risk resistance; old models are low-cost, but there is a possibility of being forced to shut down after the halving. Now is the best opportunity for mining except for ten years ago. The price of coins will make the difficulty rise infinitely, and the annual range should be 100E. Whether building a new mine or looking for a managed mine, it is necessary to avoid obviously unreasonable electricity prices; policy risks; unreliable partners/mine owners. Three points need to be done in the investigation: regional due diligence, whether the project is compliant, and the qualifications of the partner.