BTC.COM solemnly: Bitcoin halving is not the core factor of market fluctuations——Interview with Miningcoin.com

On December 20, the "2019 Digital Mining Summit Forum" hosted by Lieyun Finance was grandly held at the Shenzhen Marriott Hotel. During the meeting, Kiki from BTC.COM had the honor to interview BTC.COM Zhuangzhong together with many media reporters. The following is the full content of the conversation:

Art Creation Times: Hello Mr. Zhuang, does BTC.COM have any strategic deployment in the mining pool and block browser business?

Zhuangzhong: Our block browser now focuses on BTC, and the daily traffic is also considerable. Next year, BTC.COM plans to make a brand change on the homepage of the website, highlighting the reports and data on the browser, and the webpage will display some third-party cooperation content and tool applications, etc.

The mining pool business remains our core and we are moving forward step by step.

Caijing.com: What is the global market share of BTC.COM mining pool? What is the revenue?

Zhuangzhong: The market share of BTC.COM mining pool should be around 14% now. The main source of mining pool profit is the miners' transaction fees, mainly BTC and other digital currencies, and BTC accounts for 80% of the market. The BTC profit calculation is very clear. Our profit source is still BTC, so everyone is very clear about it, and for us, it is also within expectations.

Kiki from Bitcoin Mining Network: Judging from the first two Bitcoin halvings, the price of Bitcoin has been on an upward trend before and after the halving. Do you think history will repeat itself in the third Bitcoin halving in 2020?

Zhuangzhong: I am personally relatively conservative on this question and will not predict prices, but what is more interesting is that when you look at the long term, you cannot see any point on the price curve that is halving. Halving may bring about a small market trend, but it is not the core factor in the overall market fluctuations.

Mars Finance: In a bear market, do you have any suggestions for users who want to run mining pools or mining farms?

Zhuangzhong: When working with professional partners, whether it is a mining farm or a mining pool, time is very important in this industry. The service provider’s cooperation qualifications and stability are also very critical.