Zhou Xingxing: Will the long-term trend of Bitcoin mining end? Where will Bitcoin mining go in the future?

In market investment, friends who are interested in spot investments such as Bitcoin mining transactions or whose investments are not ideal can check and pay attention to: National Golden Bull Data, the URL in the picture, to obtain more real-time investment information, Bitcoin mining transaction analysis, and Bitcoin mining transaction strategy guidance.

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Jinniu Data Morning Insider: The Russian government responded to the regulatory draft and the central bank expressed its position on ICO

1. The Russian government has released an official response to the draft federal law “Digital Financial Assets”, which aims to regulate digital currencies, digital currency mining, and ICOs. In its response, the Russian government raised a number of concerns and suggested some changes to the bill.

2. The People's Bank of China stated that the ICO platforms and virtual currency trading venues such as Bitcoin mining that have been surveyed nationwide have basically achieved risk-free exit.

3. LinkedIn co-founder Eric Ly: Platforms that ban cryptocurrency ads are protecting themselves. They need to avoid violating SEC regulations. I believe this is temporary.

4. The Indian Ministry of Finance, the Reserve Bank of India (RBI), the Indian tax department and the Special Investigation Team have differences on whether to ban the use of encryption technology and Bitcoin mining.

5. BlockVC Strategy Research Viewpoint: The market has risen too high in the short term and there is a need for adjustment. The overall divergence between bulls and bears has increased and the market is approaching a turning point.

11. The current capacity of the Bitcoin mining Lightning Network has reached $148 million, about double the $80 million on April 10.

(Picture from; Jinniu Data)

How to buy and sell coins

1. Directly buy and sell Bitcoin mining with RMB

Through the "OTC" platform, you can achieve:

1. Use RMB to buy Bitcoin mining BTC directly

2. Sell the Bitcoin mining BTC and exchange it for RMB

This trading model is commonly known as "over-the-counter trading OTC". It is a direct transaction between individuals, and the platform acts as a guarantor. It is a bit like Taobao, which specializes in buying and selling Bitcoin mining. However, if you encounter a scammer during the transaction, it is still a rather annoying thing. Therefore, it is recommended that when choosing a platform, you should not only consider whether it supports RMB transactions, but also whether it has Chinese customer service. If there is a problem with the transaction, you can easily contact the customer service in Chinese and apply for arbitration.

Therefore, based on the above considerations, it is recommended to use the following two platforms for trading:

1. Huobi Professional Station Platform: Click to view the real transaction graphic tutorial, and also attach the screenshot of Alipay payment

2. BitTaurus Data Platform: Click here to view the real transaction graphic tutorial, and also the screenshot of Alipay payment collection

The processes of most OTC websites are similar:

Click to view more platforms that support "OTC Trading"

2. Buying and selling other currencies with RMB

Since the current policy prohibits direct RMB transactions, we often use USDT as an intermediary in the process of virtual currency transactions. USDT is a US dollar legal currency token, which is always exchanged 1:1 with the US dollar, equivalent to the US dollar in the blockchain. To put it simply: you can think of USDT as equivalent to the US dollar.

Therefore, for newcomers entering the cryptocurrency circle, it is recommended to directly use the Huobi Professional Station platform. It is very convenient for mainland users to register and authenticate their identities. The website is also in line with the habits of mainland users. At the same time, it can be transformed into a one-stop way to buy and sell cryptocurrencies with RMB.

Due to policy issues, Huobi had to split its business into two channels. The "Fiat Currency Trading" channel solves the problem of trading USDT with RMB, and the "Coin-to-Coin Trading" channel solves the problem of trading virtual currency with USDT. Since these two channels belong to the Huobi platform, you only need to perform a simple "in-site transfer" operation to allow USDT, as an intermediary, to be transferred between the two channels, which is a disguised one-stop way to buy and sell coins with RMB.

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