Wang Chong, founder of Niuniu Cloud Computing: Development trend and financialization of blockchain mining

On September 8, 2019, the industry mining machine manufacturer Innosilicon held a summit, blockchain mining giants and technology experts gathered in Chengdu, and founder Wang Chong attended as a special guest. The blockchain craze has swept across all walks of life and has become one of the most watched information technologies at the moment. "Decentralization, immutability, openness and transparency" have attracted more and more extensive discussions and attention, and the mining industry closely related to it has risen, and various mining companies have emerged in an endless stream. Mr. Wang Chong expressed his views as the executive president of the World Mining Development Alliance (WBA). Wang Chong believes that the emergence of cloud computing mining will have a profound impact on the development, popularization and financialization of the entire industry.

The following are the contents and pictures of Mr. Wang Chong's speech

Introduction to Cow Hash

Cow Computing consumes electricity and mines Bitcoin. Cow Computing mainly uses the Internet to simplify the traditional digital currency mining industry chain, making the industry chain flat, details transparent, and processes Internet-based. Users no longer need to buy expensive equipment and waste time setting it up. We directly connect investors with mining farms, so that it only takes 24 hours for the mining machines in the mining farms to send digital currencies directly to investors' wallets. At the same time, Cow Computing opens the right to "one-click subscription of computing power" to every user, so that they can become a mining farm owner without leaving home.

The so-called "everyone is a mine owner" means that CowHash users can share a mining machine operated and maintained by their own mine with 1T computing power. The shortest lock-up period is 1 month. Users can transfer mining rights at any time after 1 month of mining, and transactions are flexible. Each mining machine can be rented for up to one year, and mining income can be obtained every day to the designated blockchain address, and can be withdrawn to a digital currency wallet to increase high liquidity.

Compared with the traditional mining method of buying mining machines, it is more convenient and quick, and it avoids the problems of mining machine deployment, operation and maintenance, noise, and high electricity prices. In addition, the expected return rate of choosing to buy and sell computing power is 30%-70%, which is estimated based on the fluctuations in the currency market.

Official website of Hashcow : http://www.hashcow.cn/shop

The iOS version of the Hashcow APP is now online. Copy the following address and open it in the browser. Click Next to install it as prompted: http://www.hashcow.cn/hashcow.mobileconfig