Pan Yu, founder of Baichuan Chain Service: Times have changed, and the future is promising——Exclusive interview with Wabi.com

Baichuan Chain Service is a relatively unfamiliar new name in the mining circle, but it has become a household name in the small groups of major mining bosses, because behind this new name is a veteran who has been in the industry for many years: Pan Yu, the founder of BiWa Technology, a VIP customer of Bitmain, and an active member of the mining boss group.

On January 7, KIKI, the founder of Wabi.com, conducted an exclusive interview with Pan Yu, the founder of Baichuan Chain Service. The following is the full content of the interview:

Kiki from CoinWise: Hello Mr. Pan, first of all, on behalf of CoinWise, thank you for participating in the Celebrity Awards. When your name is mentioned in the mining circle, people may think of you as the founder of Biwa Technology, a senior mining partner, or even the boss behind a catering company, etc. However, people may still be unfamiliar with your identity as the founder of Baichuan Chain Service. Can you introduce this company to everyone and your original intention of founding Baichuan Chain Service?

Pan Yu: Thank you, Baichuan Chain Service. Let me first explain the meaning of this name. "Inclusiveness" is our company's purpose. We will be a good service provider in the blockchain industry now and in the future, whether it is mining or data center business. Baichuan Chain Service is a one-stop blockchain software and hardware service provider, and is also a core partner of Alibaba Cloud. With an experienced team, we are committed to providing customers with multi-dimensional one-stop services such as supercomputing server procurement, hosting, maintenance, mining pools, computing power clouds, etc.

Kiki: Judging from the current domestic market situation, the main businesses of various mining companies are highly homogenized, and it is difficult to see any breakthrough innovation. In addition, your previous identity in other mining companies is deeply rooted in people's hearts. Some people inevitably question whether Baichuan Chain Service is just a new product for you, just a change of subject. What do you think about this issue?

Pan Yu: Times have changed and the future is promising, so I established Baichuan Chain Service to cope with the promising future. As for what the new gourd is selling, just pay attention to us Baichuan Chain Service.

Kiki from Wabi.com: As far as we know, Mr. Pan is very familiar with overseas markets and is quite proficient in export business. Could you please summarize the overseas market situation and advantages and disadvantages by comparing it with the current situation of the domestic market?

Pan Yu: We haven’t done a lot of export business in recent years, mainly to Russia and Malaysia. I personally feel that the market conditions in overseas markets are basically synchronized with those in domestic areas, but the customs clearance and transportation take a little longer, and the transportation costs are a little higher, so the advantages and disadvantages are very obvious. Going overseas is basically done by institutions, and it is not recommended for individual users or small groups to do it.

Kiki from MiningCoin.com: As the market has not been very stable recently, many venues have predicted that the S9 will be shut down during this dry season. As mining equipment is facing large-scale iterations, do you tend to believe that this is a necessary step for the industry to develop in a positive direction, or do you think that this is the beginning of the industry entering a red ocean?

Pan Yu: Every emerging industry will go through some stages. I think the current development is very normal. The beginning of the red ocean has not yet arrived and it should still be in the blue ocean stage.

Kiki from MiningCoin.com: We know that many veterans who have been in the industry for many years have later founded their own mining machine brands. Do you have any plans in this regard?

Pan Yu: We don’t have any plans for a mining machine brand at the moment, but we are working on building a brand for the blockchain industry.

Kiki from the Bitcoin Mining Network: There has always been no shortage of legendary stories in the mining and cryptocurrency circles. Many people born in the 1990s and even 1995s have achieved financial freedom in the process of the test of time. However, after experiencing the cycle of bull and bear markets, not everyone can manage wealth and resources well. As a young veteran, can Mr. Pan give some advice to the new generation working in the mining circle?

Pan Yu: This is not an industry where you can come and go as you please. I suggest you invest rationally, such as investing 10% of your assets in digital currency.

Kiki from Wabi.com: At the end of the interview, could you please share with us your expectations and plans for Baichuan Chain Service and yourself in 2020, Mr. Pan?

Pan Yu: In 2020, I will integrate the BiWa business into Baichuan Chain Service, develop a new APP, an online cloud service platform based on blockchain technology, actively learn new technical knowledge, embrace blockchain, and serve blockchain.

(over)

This article is originally from wabi.com. Please do not reprint without permission.