|
Since the Gyro Q&A Exchange Special Event was officially launched on the 21st, the backend has received hundreds of high-quality questions, and the big answerers have also contributed very wonderful answers. This issue of the Gyro Q&A Weekly List will review the high-quality content in the Q&A Mining Special (11.4-11.8) and share it with everyone.
I saw someone say that Bitcoin will rise sharply after halving. What do you think? (by 陀螺粉@陀螺用户_k1vem6) Zhijianxinyun: Halving is a factor that affects the price of the currency, but it is not the determining factor. At present, the entire market is in the early stage of the bull market. Due to the favorable policies, the exchange rate is expected to rise to a certain extent. Why can you become the world's largest mining pool? Has Biyin surpassed you? (by Tuolufen @昆布) F2Pool: Founded in 2013, F2Pool is China's earliest Bitcoin mining pool and has mined the most Bitcoin blocks in the industry so far. F2Pool supports mining services for more than 40 currencies and is the world's leading mining platform. What are the differences between different mining pools? How should I choose a mining pool? (by Top Gyro Fan @Smilee) F2Pool: Miners can choose from the currencies supported by the mining pool, the revenue model, and the stability of the mining pool. The currencies currently supported by F2Pool have covered the top 40 PoW currencies. You can choose F2Pool, a six-year-old mining pool???. Can you tell us about the future development strategy of Biyin Mining Pool? (by 陀螺粉@渃琳) CoinIn Mining Pool: CoinIn Mining Pool will continue to deepen its mining industry while continuing the research on high-performance blockchain solutions that began in early 2019. I heard that Litecoin mining pool and Bitcoin mining pool are both the best in the world. Is that true? Or is it just bragging? (by 陀螺粉@莱噔) Biyin Mining Pool: Thank you for your attention! To check whether we are the first, you can go to BTC.com under Bitmain, which happens to have both BitLite and Bitmain. You can also go to a more neutral platform https://miningpoolstats.stream to check. In addition, our current ZEC and RVN are also the world's first, so stay tuned. Is the mining pool currently profitable or burning money? (by Gyro Fan @姚悦) Biyin Mining Pool: Mining pools sometimes burn money and sometimes make profits. Mining pools other than the top 3 need to invest a lot of money if they want to do well, and they are likely to burn money. Is mining now considered a gray area? How to pay taxes? (by 陀螺粉@奋樊) Zhijianxinyun: From the current policy point of view, it is not an exaggeration to say that “mining” is a “gray area”. If it is a “gray area”, how can there be taxation? On the contrary, if taxes are levied on mining, it means that “mining” is legal. However, it is possible that taxes can be paid through some means in the near future, because Bitcoin is a commodity! I saw you posted a sentence on Weibo: "Every super bull market of Bitcoin starts with the surrender of miners." How do you understand this sentence? (by 陀螺粉@湾沚) Caiyunbit: Miners surrendered twice in 2019. The first time was when the price of the currency hit bottom in March this year, and the second time was the double blow of the difficulty increase and the price plunge in September. After the two mining accidents, the price of the currency rose. It is expected that the difficulty will continue to rise before the halving. As long as Bitcoin exists, mining and difficulty growth will always exist. Every time when miners lose confidence, the bull market comes quietly. History may not repeat itself, but it is always surprisingly similar, and only a few people can make money? I saw someone say that the price of Bitcoin will rise sharply after the halving. What do you think? (by 陀螺粉@晓光军) Zhijianxinyun: Halving is a factor that affects the price of the currency, but it is not the determining factor. At present, the entire market is in the early stage of the bull market. Due to the favorable policies, the price of the currency is expected to rise to a certain extent. As an old mining pool, what are your current achievements? I feel that you are too low-key (by 陀螺粉@璇丽) Caiyun Bit: Due to the general environment of blockchain practitioners since 2013, we must keep a low profile to survive the bull and bear markets. Our achievements are in some areas that have not been officially announced. As the domestic environment changes, we will become more and more high-profile. Thank you for your attention. Does the end of the flood season affect you? (by 陀螺粉@兜率票) Zhijianxinyun: No matter whether the weather is good or bad, we still have to dig. What is it like to work in a mining pool company? What do you need to do on a daily basis? (by 陀螺粉@鐸揩) F2Pool: Serving miners 24/7? Which part of building a mine is the most expensive? (by 陀螺粉@緱哥) Zhijianxinyun: The entire electrical part (from high voltage to low voltage) is the most expensive. I feel like the general mining community is still a little distant from ordinary cryptocurrency investors, and they don’t seem to come out to communicate much. Why is your community so active? (by 陀螺粉@界荼) Biyin Mining Pool: Yes, this is the current situation in the mining circle. Miners don’t like to communicate with the public, and it is difficult for mining companies to develop markets outside the circle (in fact, for the sake of efficiency, they should reduce investment outside the circle). Biyin basically operates within the mining circle, and some of its activities are relatively large in scale, and the effects of the activities occasionally overflow outside the circle. As a former core team member of Bitmain, who do you think will win the competition between Wu Jihan and Zhan Ketuan? (by 陀螺粉@维景) Zhijianxinyun: Bitmain is everyone's Bitmain, and it is the Bitmain of the blockchain world. We are optimistic about whoever is more conducive to the development of Bitmain and the entire blockchain world. I read in the news that Biyin’s computing power has increased dramatically this year. How did it do that? (by Top Gyro Fan @luee) Biyin Mining Pool: Biyin spent a lot of energy and financial resources on product research and development and operation services during the bear market. The user experience of its products is close to that of mainstream Internet companies, and its operation services are relatively professional in the industry. I saw that F2Pool and Nervos have cooperated to launch testnet mining. Will you cooperate for a long time? What do you think of the Nervos project? (by 陀螺粉@日青) F2Pool: The Nervos mainnet will be launched on November 16, and F2Pool will simultaneously support mainnet mining. The flood season is over. Your cloud computing product has a shorter cycle than other companies. Does it still have a profit advantage compared to direct mining? (by Gyro Fan @AFFF) BitDeer: Investment focuses on balancing the risk and return ratio by using different products. The short-term package is the first special package created by BitDeer in the industry. By using the short-term package well, users can better achieve the optimal risk-return goal. The short-term package has a relatively small single return, but if it is reinvested multiple times and generates compound interest returns, the absolute return may be much higher than the one-time mining machine return. On the other hand, the difficulty of the short-term package is relatively controllable and the risk is relatively low. This year, Huobi Mining Pool ranked sixth in the computing power ranking. Can you talk about your layout? (by Top Gyro Fan @Nancyl) Huobi Mining Pool: After more than a year of rapid development, Huobi Mining Pool has seen significant growth in computing power and is currently ranked sixth in the entire network. The growth of the POW business is a part that we attach great importance to. Huobi Mining Pool is positioned as a new type of mining pool, which is different from traditional mining pools. We have a diversified ecological systemic mining pool structure. There are not only POW mining pools, but also staking mining pools, ecological exchanges, etc. Overall, Huobi Mining Pool's layout in the trading ecosystem is relatively complete. We have been continuously laying out in the mining ecosystem. We have also released the second phase of cloud computing power products, which will be released on November 11. You can pay attention to it. What impact will the news of Canaan Creative's listing have on the mining industry? (by Top Gyro Fan @白空空) ViaBTC: Canaan's listing has greatly encouraged the entire mining industry. The policies and trends that have been introduced in the second half of this year have all affirmed this industry. As a service provider, what we would like to see most is the growth of the entire industry. Currently, the entire blockchain industry, including the mining industry, is very small. Even though the competition among major mining machine manufacturers and mining pools is gradually becoming fierce, we are still optimistic about the future incremental market. All practitioners in the mining industry hope that the entire industry can develop more prosperously. We are also very excited and moved by Canaan's listing, and hope that the entire industry will get better and better. Bitcoin halving is coming. What impact will this news have on you? Do you have any countermeasures? (by 陀螺粉@随风跑) Caiyun Bit: In fact, the market does not fluctuate greatly every time Bitcoin is halved. The real bull market depends on the actual changes in the supply and demand of currency. At present, it can only be regarded as the brewing period before the halving. Miners can look forward to the market after the halving. The halving has no effect on us. Bitcoin mining is a long-distance race, which requires long-term layout and thinking. Facts have proved that only such people have truly gained wealth since the birth of Bitcoin. The state has removed "virtual currency mining" from the "list of eliminated industries". Will this be beneficial to Ethereum mining? (by 陀螺粉@深山) Panda Miner: The removal of virtual currency mining from the "elimination industry list" will have certain benefits for the entire mining industry. This policy will greatly reduce the restrictions and prejudices of local governments on the mining industry; it will also reduce the concerns of many investors who want to invest in mining about the policy direction, so it is beneficial to the development of the industry. However, for the investment income of mining itself, or the income of Ethereum mining itself, the most core factor is still the market and market conditions, and the policy is relatively a neutral factor here.
|
