With a monthly income of tens of millions, the "crazy" miners are about to fly!

When fresh and juicy little leeks rush into the cryptocurrency market frantically with their ignorant and confused eyes, no one will doubt that the bull market has really arrived.

The recent exciting bull market has once again ignited the demand for new mining machines in the cryptocurrency market, and also caused a large-scale supply shortage in the mining machine market.

Early in the morning, as soon as the store opened, business came to the store. That was what happened at Xiao Guo's store in Huaqiangbei SEG Plaza on June 27, after Bitcoin hit the $13,000 mark at around 2 a.m.

"Is the T17 40T in stock?" the buyer asked without even saying hello. After Xiao Guo said that the stock was very tight, the buyer asked Xiao Guo to help prepare 100 units.

The T17 is not a cheap machine. According to the current spot price of some dealers, each unit costs nearly 20,000 yuan. So 100 units are equivalent to nearly 2 million yuan. This is not a small business.

Xiao Guo realized that the long-lost shortage of mining machines had returned.

Mining is a belief

Although the price of Bitcoin has fallen in the past two days, at the time of writing this article, the price of Bitcoin on Feixiaohao has fallen to US$10,325 (about RMB 71,100), a decrease of about 9.34% from yesterday.

However, Xiao Guo told Lieyun Finance that this wave of market will not affect his business. Obviously, the bull market has returned, but the market will go down only due to the negative news such as thunder and running away, and it will naturally fall back after the negative news. In addition to some old customers, new customers are also increasing in the number of mining machines. Among them, Cheetah F1 24T is the hottest selling.

Just a month ago, when Lieyun Finance came to Huaqiangbei to learn about the situation, business was far from being so hot. Some mining machine salesmen showed their boredom with their actions. Some were resting during lunch break, some were watching the hottest TV series, some were playing games on their phones... and some had printed papers saying "Popular Shop for Rent" posted on the locked roller shutter doors of the shops, and their hands were covered with dust when they touched them.

Staff taking a break

Nowadays, the number of SEG mining machine shops is increasing, and the number of people buying mining machines is also increasing. Xiao Guo said that this small shop of 7 or 8 square meters has an annual rent of about 150,000 yuan. During the bear market, he was worried about "losing both the wife and the army". After the market recovered, there was no possibility of wasting the rent and the labor cost.

After doing some calculations, Xiao Guo enthusiastically said, "In fact, no matter how much the rent of each store is, as long as it can create more value than the store expenses, it's fine."

On June 26, according to media reports, based on the mining machine revenue data released by F2Pool, all Bitcoin mining machines are in a positive revenue state. Among them, due to the high price of the currency, the Antminer S7 was restarted, and the shutdown price was 74,000 yuan. The shutdown price of the mainstream Antminer S9 on the market is 28,000 yuan, which means that using S9 for mining, according to the current Bitcoin price, the profit can reach 3 times. Shenma Miner M10s has the highest yield, with a shutdown price of 16,300 yuan and a mining profit of 5.5 times.

At the time of writing this article, the price of Bitcoin is 71,000 yuan, and the Antminer S7 is in a shutdown state again. However, the old miners are not moved by this, and their enthusiasm for mining has not been affected at all. In their view, mining is always the most stable, and if you grasp mining, you will also grasp stable happiness.

Miner Xiaobin told Lieyun Finance that as a miner, he enjoys the pleasure of opening his phone and looking at his earnings. The fluctuating numbers on the screen are his faith.

Buying the bottom mining machine to earn tens of millions per month

Nowadays, new miners are constantly entering the market, and the production capacity of mining machines is significantly tight. Opening the official websites of the three major mining machine manufacturers, Bitmain, Ebang International and Canaan Creative, you can find that Bitcoin mining machines are in a serious out-of-stock state. Most mainstream mining machines have been sold out. Very few futures mining machines are accepted for pre-order but will be shipped three and a half months later.

Delivery in three and a half months

At this time, mining machine manufacturers are trying their best to produce more mining machines to make profits, and miners can only sigh in despair when they cannot buy the mining machines they want. However, some people have already bought mining machines at the bottom and made tens of millions of yuan a month.

Miner Xiaowen told Lieyun Finance that he got a batch of Avalon and Antminers in May. Although the spot price is very expensive, there is no other way but to dig quickly. The mining machine that cost about 10,000 yuan at that time is now 20,000 yuan, more than doubled.

Lieyun Finance learned that when the market just started to pick up, many veteran miners like Xiaowen had already seen the trend and took the opportunity to sell. Now it seems that they have a great advantage in terms of mining machine costs.

Among them, there are miners who acted earlier. They bought tens of thousands of mining machines at the beginning of the year, and their monthly profits are at least several hundred to 10 million yuan, and they have already made a fortune.

Industry insiders also said that it is now a seller's market. The price agreed with the dealer on the morning of June 27, which was 10,000 yuan per unit, rose to 12,000 yuan per unit in the afternoon. What is flowing is not time, but real money.

As market demand continues to rise, first-hand mining machines are in short supply and the second-hand mining machine market is extremely hot for a while.

Xiao Guo told Lieyun Finance that although there are many buyers who buy new mining machines, when new mining machines cannot meet the demand, many buyers would rather choose second-hand mining machines than wait for new mining machine futures. Buyers think that they can only make money if they dig it up, otherwise everything is in vain.

After experiencing half a year of "mining disasters", the entire mining circle finally ushered in its highlight moment. From mining machine manufacturers, dealers to miners, everyone in the circle is in a crazy state.

The crazier the better

"When others are crazy, I am afraid. When others are afraid, I am crazy."

When too many people make a lot of money, risks arise.

"Many wealthy people make quick money by selling mining machine futures, but they may not be able to provide futures, and the money may disappear, which seriously disrupts the market. Only by insisting on purchasing from manufacturers or people who know the real situation can the risk be minimized." A miner told Lieyun Finance.

A few days ago, Shenma Mining Machine also issued a statement to remind mining machine buyers to be wary of the risks of "group buying" for mining machines . The statement pointed out that group buying may result in losing both money and people, and may also miss the opportunity to buy machines.

Shenma Mining Machine Tips Risks

What is group buying? Shenma Miner said that there are many "low-price discounts" on the market, which are much lower than the official price, thus attracting a large number of friends to buy. This market behavior is called "group buying".

In addition to being alert to the risks of group buying, the computing power is rising and the difficulty of mining is increasing . According to ViaBTC data, the computing power of the entire network has reached 57.642EH/s. Although it has dropped compared to the highest point of 75.271EH/s a few days ago, the difficulty adjustment time is 8 days and 9 hours, and the difficulty is expected to increase by 8.37% next time.

After buying a mining machine, the choice of hosting is also a big problem. Recently, many mining farms in Xinjiang have been forced to shut down. Industry insiders said that the current mining farms, especially the annual power mining farms, have been sharply reduced, and many mining farms have been closed due to non-compliance. Although there are many mining farms, many mining farms have not been powered on. In addition, the power supplier and the mining farm owner are doing it for the first time and lack trust. Most importantly, the trust cost of the mining machine is higher than the cost of the mining machine.

Quality issues are also a big problem.

Recently, a miner reported to Lieyun Finance that a certain brand of 26T mining machines newly purchased at the end of May had a large-scale failure. The miner said that some people had 20 broken down out of 75 machines, and some people had 30 broken down out of 200 machines. A rough calculation shows that the failure rates are 27% and 15% respectively.

"The mining machine manufacturer first remotely guided the mine to repair, and then replaced the power supply. It took several days just to find their after-sales service. Although there was no need to spend money on repairs during the six-month warranty period, time and opportunity costs were wasted," the miner added.

If each of the 50 damaged machines were operating normally, how much revenue would be generated? According to the real-time currency price reported by the miner to Lieyun Finance on that day, see the following figure for details:

Mining income of a certain brand of 26T mining machine

The net profit of one mining machine is 69.56 yuan a day. Roughly speaking, 50 mining machines lose nearly 3,500 yuan a day, and nearly 25,000 yuan in a week.

In addition, the situation of foreign mining is not ideal. With the surge in electricity usage, Iranian authorities have closed two cryptocurrency mining farms. According to Radio Free Europe, Iranian authorities have confiscated about 1,000 Bitcoin mining machines from two abandoned factories.

In Iran, electricity is heavily subsidized, so the cost of operating a secret cryptocurrency mining farm is low, even as low as $0.006 per kilowatt-hour.

A spokesman for Iran's Energy Ministry said cryptocurrency mining is destabilizing the power grid and affecting electricity supply to homes and businesses. The power used to mine one digital currency is equivalent to the energy used by 24 homes in an entire year. As a result, the country's electricity consumption has soared by 7%. He warned that the government will continue to investigate mining activities.

In short, risks and benefits coexist. The calmer you are, the lower the risk and the higher the return.