Yu Wei, founder of Zhijianxinyun: The transformation from supercomputing evangelist to standard setter - Exclusive interview with CoinWise

Mine construction and operation and maintenance are eternal topics in the mining circle. When it comes to this topic, Yu Wei, the founder of Zhijian Xinyun, as the "first person in mine construction", naturally becomes the eternal protagonist in this field. Recently, KIKI, CEO and co-founder of Wabi.com, conducted an exclusive interview with Yu Wei, the founder of Zhijian Xinyun. The following interview content is an original article. Please do not reprint without permission.

Kiki: Hello, Mr. Yu. We are honored to invite the "first person in mining construction" to participate in our interview column. Your name is very famous in the industry, but looking at the large and small meetings you have attended this year, the guest introductions are more about your identity as the founder of Zhijian Xinyun. What does this identity change mean to you?

Yu Wei: When I just left Bitmain and had not yet founded Zhijian Xinyun, everyone knew that the existing mining farms were basically modifications and imitations of my early mining farms, so everyone praised me as "the first person to build mining farms." Later in August, I appeared as Zhijian Xinyun, which meant that I had transformed from a supercomputing evangelist to a standard setter. In the future, we will make efforts and contributions to the transformation from mining farms to supercomputing.

Kiki from CoinWare: When it comes to Zhijianxinyun, newcomers in the industry may not know as much about it as you do. Could you please introduce Zhijianxinyun’s main business and brand positioning here?

Yu Wei: Yes, thank you for your attention to me. I also hope that more miners will learn about Zhijianxinyun, which is a mining service enterprise integrating resource integration, mine construction, operation and maintenance services, and cloud services.

In terms of resources, we help new and old miners solve pitfalls and understand where in the world the mining policies are better, the projects are safer and more reliable, and the electricity discounts are sustainable.

In terms of mine construction, we will provide better air cooling solutions and lower-cost water cooling solutions to new and old miners. We will strive to eliminate all negative pressure fans during the flood season in 2020, provide preassembled and more efficient construction solutions for new project construction, and prepare for the intelligent supercomputing center through the Internet of Things technology.
In terms of operation and maintenance, through the improvement of hardware technology, we have developed a comprehensive management service platform to provide full technical support for low-cost operation and maintenance.

Under the standards that can be achieved by both hardware and software, we will provide a real and valuable hash computing physical cutting platform under the real cloud service to solve the problem of mining difficulty.

The above are what we are doing at Zhijian Xinyun. The first batch of computing power rack products provided by our company to the BiXin Supercomputing Center has been delivered and put into use. The effect is very good and has been recognized by Wu Gang of BiXin.

Kiki from Miningcoin.com: People who have heard your speech at the conference should know that in addition to recharging the faith of the majority of miners, you have also been constantly sharing your rich experience in the industry, reminding everyone how to avoid various pitfalls, and continuously outputting positive energy for this industry. Where does your source of motivation come from? Especially when the market is sluggish, are you worried that fans will come to you and ask you to take responsibility?

Yu Wei: Yes, I have been telling everyone about various ways to open pits, and let everyone have a correct understanding of mining. If we want to maximize the benefits of mining, the source of motivation is because I am also a miner. Miners have hard work, and every income is earned through their own sweat. Miners who have built mines know that any Fengshui mine is very difficult. In some places, people use their lives to exchange for BTC, so it is really not easy for miners, especially when the market is sluggish. Every miner will consider electricity bills, labor, when to sell coins and other issues. However, if fans come to me, they are generally here to learn about mining experience or buy our products, because venture capitalists who want to invest in mining have a certain understanding and thinking, and have a certain risk tolerance, so there is no such thing as "responsible".

Kiki from CoinWare: How was the whole process of leaving Bitmain and starting your own Zhijianxinyun company? Do you have any grievances to share with everyone here? Or do you have any inspiring stories to share with young people who have just started working in the industry?

Yu Wei: Actually, I had the idea of ​​founding Zhijian Xinyun very early. In fact, many things in Bitmain are not as easy as imagined, because it is a large company that is going to IPO. "Mining" in this niche industry is not very flexible and convenient. After all, the country does not recognize mining, and it was included in the list of eliminated industries for a period of time. Therefore, it is relatively smooth for an individual to set up a company to focus on mining services. There is no special hardship. If there is any inspirational words, there are too many. In fact, every miner has a story. If possible, we will invite some big miners to tell their stories at our product launch conference next time.

Kiki from MiningCoin.com: We all know that the mining industry is greatly affected by policies. Can you share with us how you generally evaluate and avoid policy risks?

Yu Wei: Actually, I personally feel that there is no policy risk as everyone is talking about, because 75% of the current mining farms are in China, and they have been mining for so many years and have been making important contributions to POW. But where does the risk of mining come from? First of all, the industry is developing too fast, social awareness is relatively low, and the profits are considerable, so there are many uncertainties. Let's take some fraudulent projects (such as Delingha, Baiyin, and Hunan Yixun Cloud). They all have one thing in common: cheap electricity prices. Miners have never done any big projects and have not made any net adjustments to these projects. , the views and practices of local governments on mining companies (different local governments are not the same, such as Sichuan, which is relatively friendly), second, whether the feasibility of electricity prices is feasible (investigate the composition of local industrial electricity consumption (for example, Hunan has high power generation costs, and large enterprises use about 0.6 electricity. Why is the electricity price sold to mining companies at 0.28? It is extremely unreasonable), and third, whether this person is reliable (some people in the circle have a certain influence, and it is impossible to joke with their own reputation). So as long as you grasp these aspects and don’t covet cheap things, you will basically not be fooled.

Kiki from Miningcoin: We have seen the recruitment information posted by Zhijian Xinyun on the website. The salary packages for various positions are quite competitive compared to other industries in Wuhan. We often hear mining bosses complain to us that it is difficult to recruit people in this industry. It requires high basic quality and loyalty of personnel, and the working environment is often very difficult, so it is difficult to retain talents. As the helmsman of a company, do you also face the same dilemma?

Yu Wei: From the current point of view, this is the case, but this dilemma will not last long, because the blockchain world is roughly divided into three parts: first, chain. Second, currency. Third, mine. Chain recruitment is mainly based on programs, mainly technical development, and scenario applications tend to be software. Currency is mainly in exchanges and various digital currencies, on the one hand, it is development technology and on the other hand, it is trading and market operation. Mining is mainly based on hardware, because supercomputing has been developed in China for many years, and the real IDC talents have not entered this industry because they don’t understand it, and they don’t understand how sustainable the development of this industry is, so they dare not enter it casually. However, as the policy becomes clearer and government departments increase their research on blockchain technology, I believe that more technical talents will participate in 2020, and then the problem of talent shortage will be solved.

Kiki from Mining.com: At this year’s New Era Mining Summit, you proposed that mining farms could be upgraded to standardized supercomputing centers to promote more standardized development of the mining industry. Is this “standardization” you’re referring to in the industry sense, or is it “standardization” that meets government requirements?

Yu Wei: First of all, let me talk about why standardization is necessary. With the change of hash value (currently it should be 100EH), the income per T will further decline. In fact, everyone thinks that once the mining farm is built, the income will be perfect as expected. This is wrong. The income of a mining farm depends on many aspects, such as electricity price, site construction quality, equipment selection, operation and maintenance costs, etc. Each link is the basic condition that determines whether you make a profit or a loss, so the standardized supercomputing center is the only way for an industry to develop to the middle. No matter how this standard is established, it is for miners, in order to allow more people to mine and have computing power (so as to obtain the digital currency they want). In fact, the Chinese government does not understand mining, so miners must first be self-disciplined, from construction to procedures, tax payment and other aspects to reach a level that the government can see, which should be the future of miners.

Kiki from Wabi.com: At the end of many interviews, guests are invited to make market predictions and predict the impact of halving on the price of coins. We want to hear something more down-to-earth. Could you please talk about your expectations for yourself and Zhijian Xinyun in 2020?

Yu Wei: Actually, I want to talk about the price of the currency. According to the current estimates, the bull market will not be that fast, so I hope that all miners can face their own problems, do a good job in the bear market and prepare for more new miners in the bull market. In 2020, we will focus more on our own research and development, formulate good standards, and make it easier for all miners to mine. In 2020, we hope to eliminate all the negative pressure fans in the mines, let most miners know about Zhijian Xinyun's products, and some people can really use our products. Thank you.

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*Original article from Wabi.com. Please do not reprint without permission.