2019 Global Digital Mining Summit concluded successfully, witnessing the mining industry entering a "new growth era"

From October 8th to 10th, the 2019 Global Digital Mining Summit hosted by Bitmain was successfully held in Frankfurt, Germany. The three-day summit attracted more than 1,000 participants and dozens of domestic and foreign media focused on reporting. At the conference, more than 30 industry leaders in digital mining, blockchain, crypto finance, etc. gathered to give keynote speeches on industry trends, mining investment, innovation opportunities, etc. Many authoritative blockchain media at home and abroad reported the highlights of the conference in real time, sharing the event with global practitioners.

Experts discuss the direction of mining industry evolution and find the key to industry innovation

"The cryptocurrency market has unlimited potential. The current total market value of cryptocurrencies is approximately US$200 billion." Bitmain co-founder Jihan Wu mentioned in his opening speech at the conference, "Cryptocurrency, which only appeared 10 years ago, has successfully built a stable monetary policy system in a mathematical and decentralized way." Wu Jihan pointed out, "Currently, the global user base of cryptocurrency has expanded to 20-30 million people. I believe that cryptocurrency will become a commonly used currency in the future." Bitcoin Cash, which was forked from the Bitcoin blockchain, has also become a payment method. Wu Jihan hopes that with the promotion of Bitmain, more investment will be stimulated to join in and promote the prosperity of the entire Bitcoin Cash ecosystem.

Bitmain co-founder Jihan Wu gave an opening speech

As the global economy and the role of currency undergo tremendous changes, the value of cryptocurrencies has been recognized by more and more investors. In his keynote speech titled "The Evolution of Crypto Finance from the Birth of Matrixport", Matrixport CEO Ge Yuesheng pointed out that "cryptocurrency has become a very important asset type and is maintaining a strong growth trend. However, the entire crypto market is still highly fragmented, and crypto users still cannot obtain one-stop financial services." The cryptocurrency service company Matrixport was born to solve the above pain points. According to Ge Yuesheng, the company aims to provide users with a package of solutions such as secure custody, trading, lending and payment.

The blockchain industry is about to enter the next decade, and the investment opportunities facing the general public have become the focus of attention. Du Jun, founding partner of Node Capital, delivered a keynote speech on "Blockchain Investment Directions in 2020" at the conference, mentioning that "most blockchain unicorn companies were established before 2014 and are concentrated in a few industry fields." Du Jun believes that in 2020, there are four blockchain investment directions that the general public can participate in: mining, exchanges, traffic and financial lending markets.

According to on-site media reports, important guests such as Ant Pool co-founder Tian Xin, Genesis Mining CEO Marco Streng, HyperBlock founder and CEO Sean Walsh, and Block One Technology founder and CEO Bijan Alizadeh all delivered on-site speeches. They discussed various financial solutions and optimization plans for digital mining around mining timing, investment strategies, industry prospects, etc., and provided risk analysis and direction reference for corporate development and personal investment.

During the roundtable session of the conference, several industry leaders had a fierce exchange of views on the two major topics of "how to view the halving of Bitcoin mining revenue" and "traditional finance and crypto-finance ecology". Regarding the upcoming Bitcoin halving, Wu Jihan said that the industry is currently in a short-term price correction period, and Bitcoin halving may not necessarily bring about a bull market, but he is positive about the long-term price trend of Bitcoin.

"How to view the halving of Bitcoin mining revenue" roundtable

Build a resource sharing platform to share new mining opportunities

In September 2018, the first Global Digital Mining Summit was successfully held in Georgia, the global mining center. A year later, the second summit opened as scheduled in Frankfurt, Germany, the world's financial center. After two years of development, the Global Digital Mining Summit has become an important brand event for Bitmain. As the annual top digital mining event, the conference brings together all participants in the digital mining ecosystem, which is beneficial to promoting the integration of industry resources and effectively establishing precise cooperation channels.

"Bitmain's main work is to achieve a higher level of digitalization by using the latest technology." As Wu Jihan said in his speech, Bitmain's breakthroughs in mining machine technology and efforts to establish industry service standards have brought great changes to the mining machine industry. Looking back on the ten-year development of digital mining, Bitmain has not only grown into the world's largest cryptocurrency mining machine company, but also promoted the innovation of mining machine technology. It has also established a complete service chain from mining machine sales to services through measures such as improving the after-sales system, opening the Ant Training Academy, and holding the Global Digital Mining Summit. It has cultivated a group of professional mining machine maintenance talents and built a resource sharing and exchange platform that runs through digital mining, blockchain, digital finance, and traditional finance.

The 2019 Global Digital Mining Summit has come to an end, but the evolution of digital mining still has a long way to go. In the face of new opportunities brought by blockchain and crypto finance, how to make mining assets more valuable is a problem that miners and investors must solve. This summit hosted by Bitmain provides an opportunity for in-depth communication and resource docking. Industry leaders' discussions on themes around mining investment and innovation will also help practitioners further clarify the direction of the industry and gain a long-term perspective for the future.