September 21st , Satoshi Night

Zhibiao Pan of Biyin: Energy distribution of mining

At the 2019 Chengdu Satoshi Night, many celebrities gathered at the venue. Pan Zhibiao, the founder of Biyin, shared his cutting-edge views on the distribution of mining energy with the guests on the spot. He told the "story of energy" and analyzed the electricity surplus and energy value depressions in various parts of the country. Taking the actual computing power distribution of Biyin as an example, he provided hard-core reference value to the guests at the end of the flood season.

BiXinXingkong: No matter how powerful or hard-working you are, you can never outrun Bitcoin

Xingkong, the founder of Bixin, said: "No matter how awesome you are or how hard you work, you can't outperform Bitcoin. We once invested 130 Bitcoins in Li Xiaolai's Bitcoin Fund. Li Xiaolai is actually a very hard-working and awesome person, but even as hard as he worked, he only gave us 90 Bitcoins at the time of liquidation. It's not because Mr. Li made a wrong investment, but because his achievements could not catch up with the increase of Bitcoin. So I say, for an ordinary investor, don't buy other coins, just buy Bitcoin."

September 22 Annual Ceremony

Kong Jianping: Everyone's wealth accumulation depends on the big trend

Kong Jianping, co-chairman of Avalon Mining, gave a keynote speech on "Blockchain: Opening up a Trusted Silicon-based Civilization". Kong Jianping said that everyone's wealth accumulation depends on the big trend. China's economy started to develop after 1950 , and it has gone through the industrial age to the current information age, and now it has entered a new era. Every change from the old order to the new order will bring huge opportunities. The biggest opportunity now is digital currency in the digital age.

Zhu Yu: A new pattern has been formed in the new era

Zhu Yu, co-founder of Biyin Mining Pool, created the "New Era Mining Circle" Zhu Yu said that a new pattern has been formed in the new era. First, it is de-monopolization, and second, the ecology around the mining industry will rise. In the new era of mining pools, first of all, it must be better and better, and the technology and products must be closer to the products of Baidu, Alibaba, and Tencent. Secondly, the operation services and practitioners need to be more professional.

Zhang Lu from Hash Power 360 : The poor liquidity of mining machines is the most profound industry problem in the mining industry

Zhang Lu, co-founder of 360 Computing Power, expressed her views on the upcoming dry season and the increasingly exposed pain points of mining, saying: 1. Mining is asset-heavy and it is difficult for retail investors to enter the market; 2. Mining machines are in short supply, and the market demand is still 1.5 million units unmet; 3. The computing power surged before the halving and the electricity bill soared during the dry season, and the profit margin of mining was increasingly squeezed; 4. The liquidity of mining machines is poor, and opportunities are always in the hands of only a few people. She believes that the information opacity caused by the last point is the most profound impact on the underlying logic of the entire industry.

In order to allow more people to obtain BTC at a super low price through mining, Zhang Lu believes that 360 Computing Power, as the world's first computing power trading platform for physical delivery of mining machines, has a natural advantage to achieve efficient mining, with no management fees or listing fees, and only 0.2-0.4 yuan / kWh of electricity. One-click buying and selling, one-click viewing of earnings, even a novice in mining can easily master it; at the same time, you can also earn a premium for the added value of the mining machine by transferring the mining machine computing power contract, allowing users to truly achieve the dual benefits of "mining coins + trading".

Wang Shenglin: The halving of coin production will generate demand for at least 1.5 million mining machines

Wang Shenglin, Sales Director of Innosilicon Technology, gave a keynote speech entitled "Using Advantages in Spot Market to Seize the Great Opportunity of the Halving of Coin Production". Wang Shenglin said that the halving of coin production will generate a demand for at least 1.5 million mining machines. According to the data of shipments and mining operations, there are currently about 4.3 million mining machines in operation. The essence of mining is to get discounted coins, and the value generated by mining as early as possible with high-performance and highly reliable mining machines is different.

Pan Zhibiao: New protocol BUMP , simple, stateless, decentralized

Zhibiao Pan, founder of Biyin, released a new protocol BUMP , the principles of which include simplicity, statelessness, and decentralization. BUMP has five features: first, "decoupling" of the transport layer, including data not relying on specific links, data not being connected face to face, and links being reusable; second, efficient message encoding and decoding; third, resistance to malicious block reorganization; fourth, support for miner soft fork voting; and fifth, support for custom blocks.

Deng Keai from Bixin: A few little things about Bitcoin

Deng Ai’ai, brand director of Bixin Market, shared some views on Bitcoin with the guests. She said that compared with Facebook’s Libra , which is very popular this year, Bitcoin simply lost at the starting line when it was born. At the beginning, there was only one or a group of designers, plus a few pages of simple white papers, no company, no CEO , and no advance capital injection, but it did not affect Bitcoin being accepted and used by more and more people. To this day, I think Bitcoin is very successful. Some people say that Bitcoin has no other value except being used by criminals. Some people say that Bitcoin is only worth speculation and gambling. There are also many big Vs or experts who are discussing very fiercely on the Internet about what Bitcoin is. Some people say that Bitcoin is as valuable as gold, some people say that Bitcoin is too valuable and cannot be used as a unit of account for transactions, and some people say that the Bitcoin network is too congested, so the correct route for Bitcoin should be to make large blocks. But these are not important, they are just their opinions. In the end, only users and the market can decide what blockchain is and what Bitcoin is.

Yang Zuoxing of Shenma: Future market trends of mining machines and new sales models of manufacturers

Yang Zuoxing, founder of Shenma Miner, delivered a major speech at the 2019 New Era Mining Summit. Dr. Yang shared with the guests the future trend of Bitcoin value, the evolution trend of mining machines and the trend of computing power changes, and calculated the trend of the service life of mining machines from the power consumption performance of products under the new process. Dr. Yang said that water-cooled / liquid-cooled mining machines will become the mainstream in the next five years or so, and the product sales model of mining machine manufacturers will also change accordingly, replacing the sales of complete machines with the sales of computing boards. At the meeting, Dr. Yang also gave a detailed explanation and explanation of the delay in the delivery of new Shenma mining machines.

UNBANKING Chen Qiren: One-stop financial solutions for the mining industry

Zhu Yu, founder of Biyin, and Chen Qiren jointly launched the Xiaoxiaocongming financial platform, whose products include congming loans, congming savings, computing power leasing, etc., aiming to provide users with financial services such as digital currency staking and savings with no service fees and low thresholds.

The seven awards of the 2019 New Era Mining Summit and Annual Ceremony were all announced

Avalon won the [Ultimate Craftsman Award] for its continuous exploration in the 16nm mining process;

Shenma Miner won the [Times Pioneer Award] due to its continuous production capacity and excellent mining machine parameters;

Innosilicon Technology won the [Diversity Leadership Award] for its diversified mining machine routes;

Yang Zuoxing, founder of Shenma Mining Machine, won the [Person of the Year Award] for his pursuit of the ultimate design methodology;

Canaan Creative won the [Enterprise of the Year Award];

Shenma Miner won the [Annual Hardware Award];

The Biyin Mining Pool App won the [Annual Software Award].

September 23

Event | New Era Mining Summit Hard Drive Special Session officially opened in Chengdu!

  On September 23 , the New Era Mining Summit·Hard Drive Special Session hosted by Biyin Mining Pool was grandly held at Chengdu New Hope High-tech Crowne Plaza Hotel. Guests attending the conference include POC Ecological Evangelist Chongge, GALAXYNETWORK ASIA Fund Chairman Pan Pengcheng, Biyin Mining Pool Founder Zhu Yu and other well-known industry figures. There will be dozens of speeches by big names, several heavyweight thematic roundtable forums, more than 50 industry opinion leaders in the mining and cryptocurrency fields, more than 100 industry company founders and co-founders, and more than 100 mining and cryptocurrency companies participating in this conference.

Voice | POC Ecological Evangelist Chong Ge: POC mining is very energy-saving

On September 23 , at the New Era Mining Summit Hard Drive Special Ceremony held in Chengdu, POC Ecological Evangelist Chong Ge said in his speech that POC mining is very energy-saving. Currently, POW mining has problems such as large mining heat dissipation, high power consumption, high noise, centralized professional mining farms, and high entry barriers for ordinary users. Compared with POW mining, POC mining has the advantages of low power consumption, no heat, no need for heat dissipation, cannot be ASICized , and low entry barriers for ordinary users.

Zhu Yu: There is a trend of combining PoW and POC  

At the Chengdu 2019 New Era Mining Summit - Hard Drive Special Session, Zhu Yu, founder of Biyin Mining Pool, said that from the perspective of mining, PoW and PoC are highly similar. Now we say that they are both real economies in the blockchain industry, both based on physical sites and with physical hardware, namely mining machines. But compared to PoW , PoC is easier to understand and promote.

In addition, he also said, I personally think that there may be a trend that PoW can be combined with PoC , for example, whether professional chips can be used, or whether existing algorithms can be used, and there are already a large number of mining machine algorithms to make a combination. I personally think that the relationship between the two is still relatively harmonious.

2019 New Era Mining Summit - Hard Drive Roundtable Theme "Will Hard Drive Mining Be the Next Hotspot in the Mining Circle?"

On September 23 , at the New Era Mining Summit · Hard Drive Special 2019 Ceremony held in Chengdu, in the roundtable discussion session, participants included Pan Pengcheng, Chairman of GN Foundation, Chongge, POC Ecological Evangelist, Noah Wang , Zhang Li, Founder of Langshen Miner, Guo Hong, CEO of Niuchain, Chen Lei, Founder of BitBlue Whale, and Zhang Wencheng, Sales Director of Shenma Miner. Chongge said: POW and POS are both good, and there are opportunities on both sides. It is a dream for retail investors to get 100,000 in the POC field, but it is a delusion in the POW field; Zhang Li said: POC is a trend in the future, and which project will trigger it is still unknown; Noah Wang : The most important thing to make money is not to lose money, and you can enter the market when the market is cold or warm; Pan Pengcheng, Chairman of GN Foundation, concluded that POC mining has a long way to go in the future.

Bixin Xiong Yue: The turning point of the eternal bull market may come in 2025

Mining News: At the 2019 New Era Mining Summit PoW Seminar, Bixin COO Xiong Yue shared his personal views on Bitcoin with the guests. He said that when the annual inflation rate of Bitcoin is less than the annual inflation rate of the US dollar, the eternal bull market will come, and this turning point may occur in 2025. Xiong Yue believes that Bitcoin is more scarce than gold and is the most scarce thing besides time.

New Era Mining Summit 2019 Annual Ceremony Concludes Successfully

The New Era Mining Summit 2019 , jointly organized by Biyin Mining Pool, Bixin, BitTorrent, Innosilicon, Canaan Creative, and Ebang Technology, came to a successful conclusion on the 23rd . This summit has the largest number of participants ever, with the presence of big names from both the cryptocurrency and mining circles. The speeches and roundtables are the most cutting-edge, and the venue is the largest in all previous summits. It is undoubtedly the grandest summit in the mining circle in the past six months. In the two-day agenda, the Satoshi Night had already ignited everyone's enthusiasm, and the main venue brought together the latest, most hardcore, and most popular audio-visual feast in the mining circle. The next day, there were three sub-forums with different styles, covering hard disk special sessions, PoW special sessions, and overseas forums, which opened the eyes of countless industry insiders. As a newcomer in the mining circle, Biyin Mining Pool once again redefined the mining pool while also moving forward, providing industry practitioners and enterprises with a broader space for communication and cooperation, and helping the sustainable development of the industry. A new era of mining is underway!