Breaking through the electricity price, BitDeer’s flood season package is officially on sale

The annual flood season is approaching, and the great migration of miners from thermal power areas such as Inner Mongolia and Xinjiang to hydropower areas in Sichuan has gradually begun. During the overall migration process of the miners, various uncertainties such as equipment damage, insufficient hosting slots for machines arriving in the southwest, and sudden electricity price increases are common, which is costly. 2019 is no exception. Recently, Bitcoin has risen by 20% to a high of US$5,300, which has exacerbated the fierce competition during the flood season. Miners are still determined to go on the road. The fundamental reason is that during the flood season, the southwest region is rich in hydropower resources, with electricity prices as low as 0.2 yuan, which saves nearly 40% of the cost compared to thermal power of about 0.35 yuan in Inner Mongolia and Xinjiang.

In the mining industry, electricity costs generally account for 60% of the mining costs. The decline in electricity prices, to some extent, means a reduction in mining costs. Users will gain more benefits. "Whoever controls the low electricity prices controls the benefits" has become an unspoken consensus in the industry.

On April 11, BitDeer officially opened the reservation for the flood season package. The electricity price of this mining package is as low as 0.22 yuan, allowing users to enjoy the benefits of the flood season without fear of the various uncertainties brought about by "geographical migration". The electricity price of 0.22 yuan is almost more difficult for miners and small and medium-sized mine owners to obtain during the flood season without strong industrial chain integration capabilities and strong bargaining power. Not to mention that the operation and maintenance of the mine after migration is also difficult for ordinary miners to control. The launch of the flood season package reservation is bound to have a subversive impact on the mining circle.

BitDeer's historic offer is inseparable from its strong resource integration capabilities. On the one hand, BitDeer has large-scale bargaining power and minimizes the cost of electricity; on the other hand, BitDeer uses industry resources and professional advantages to conduct a comprehensive assessment and evaluation of mines in Sichuan and other southwestern regions, and has completed the comprehensive layout of Sichuan mines before the arrival of the flood season. A professional operation and maintenance team was stationed to control the overall operation and maintenance of the mine, laying a solid foundation for the arrival of the flood season. It not only eliminates the various losses caused by machine migration to miners, but also eliminates the time cost of miners in choosing mines, so that miners can quickly start to enjoy the benefits brought by the flood season. At the New Era Mining Summit that just ended, BitDeer founder Lu Haiyi announced BitDeer's mine operation data on the spot. The online rate of mining machines reached 100%, the computing power compliance rate was 99.99%, the computing power volatility was controlled within 1-2%, and the downtime rate was 0%. These key data are also the unparalleled operation and maintenance capability fortress of BitDeer. It is also the cornerstone for protecting the miners.

Unlike in the past, BitDeer has taken advantage of its unique computing power splitting technology to the extreme for many retail miners. The flood season package starts at only $122 to start mining. The easy and flexible package allows new and old miners of all sizes to freely choose the number of days and computing power of shared mining machines they need according to their own circumstances, and everyone can enjoy the dividends of the flood season.

What is more worth mentioning is that BitDeer’s flood season package further demonstrates its strong risk resistance. Even if the coin price drops below US$3,100 and the mining difficulty increases by 30%, it is still possible to start mining and earn mining income, thus maximizing the miners’ income.

The flood season is coming, and the enthusiasm of the mining circle will be ignited again. How can we reap the huge dividends of the flood season with the least cost? BitDeer has given the answer to the flood season package on April 11. Are you ready?