It is now midwinter, and Bitcoin mining is in the dry season, which is the most concerning period for miners throughout the year.

For miners, since the mining difficulty and price of Bitcoin are the same for all miners, the mining income of miners is closely related to the computing power and power consumption of their mining machines.

The dry season means that the mining cost of miners, "electricity", will increase significantly. How to find cheaper electricity is the top priority for every miner.

Most of my country's digital currency mines are deployed in areas with abundant electricity, such as Sichuan and Yunnan. In these places, large and small hydropower stations are scattered all over the place. Idle hydropower, relatively low labor costs and sites have attracted a large number of mines to come and set up.

However, there is still information asymmetry for new miners, and not all miners can find conscientious mines. Novice miners may often face temporary price increases in the process of looking for electricity, and may also be involved in other risks.

Therefore, it is very important to find a trusted mining farm and platform!

It is difficult for new miners to assess what level of electricity price is cheap and affordable. It is only a common perception that electricity prices in remote areas are lower than the average price in cities, but when used to mine digital currencies, it may also involve fraud, policy risks and other issues.

So, what exactly should newcomers pay attention to when looking for "high-quality electricity"?

No.1 Power supply stability

In China, the distribution of cheap electricity varies in time and space. In terms of space, thermal power is mainly in Inner Mongolia and Xinjiang; hydropower is mainly in Yunnan, Guizhou and Sichuan. The advantage of hydropower is that it generates large amounts of electricity during the flood season and the price is cheap. Therefore, some miners even mine during the flood season and move or shut down during the dry season. (This situation was more common in the past, but now most miners have stable cooperation.)

Some miners will "follow the electricity", but it is not easy to find the best mine. The infrastructure, operation and maintenance mode of the mine, and the trust of the platform are all things that miners need to consider. Although the emergence of some "mobile mines" has improved the convenience of mining, stable mines and reasonable electricity fee ranges will be the preferred choice for miners.

In addition, there are many other factors that cause unstable power supply. For example, several small-scale self-owned mines may be built next to a thermal power plant at the same time, sharing a power plant, which can easily cause unstable power supply.

No.2 Electricity rate stability

In a cycle, electricity charges need to be relatively stable in order to control their own mining costs. The price of coins has a wide impact on electricity prices. When the price of coins continues to fall, many mine owners can only take the initiative to reduce prices for customers to maintain their own costs.

On the contrary, as the price of currency rises, it is not uncommon for electricity prices to be driven up.

Of course, market demand causes price changes. The price of coins has risen, mining machines have been updated, and miners need more space and cheaper electricity to support the operation of more mining machines. Seeing this popularity, power suppliers or intermediaries will naturally drive up electricity prices.

Therefore, miners need to pay more attention to their rights when signing electricity contracts to avoid losing their voice.

No.3 Mine operation and maintenance level

A mature and complete mining farm can provide miners with a more stable operation and maintenance environment. With the upgrading of mining machines, such as the 7nm chip series mining machines, the management capabilities of the mining farm, such as the temperature maintenance of the mining farm, must be improved accordingly.

In addition, many mining farms do not exist independently, but have their own complete ecological layout, such as mining machine manufacturers, hosting, mining pools, computing power platforms, and the development under the comprehensive ecological model. Mining farms have their corresponding brand endorsements, which can also make miners more confident.

The above three points may seem simple, but the workload behind them is huge. It is a hassle-free, time-saving and worry-free thing to find a trusted platform for miners to host and let the other party handle everything including "mining machine purchase, installation and deployment, maintenance and maintenance" and provide one-stop service.