HashPower continues to make efforts and launches Avalon A7 Bitcoin cloud hosting contract

In the digital currency mining industry, large-scale mining has long become the mainstream form of mining. The birth of cloud mining is to allow ordinary users to participate in mining in person, and at the same time allow the issuer to recover the mining costs as soon as possible. One of the earliest platforms born in China, Hash Power, has recently undergone a comprehensive adjustment after two years of ups and downs, and has returned to the public eye.

Founded on August 8, 2014, Calculation Power Bar was wholly acquired by Chengdu Bitquan Technology in 2016. Babbitt previously reported on this acquisition. Currently, Calculation Power Bar, which is positioned as a blockchain cloud computing platform, is gradually improving its product line, drawing on the development standards of IDC (Internet Data Center), and is committed to making blockchain cloud computing more standardized and efficient.

First launch of Avalon A7 Bitcoin cloud custody contract

One month after the launch of the Zcash computing power contract, Hash Power will launch the Bitcoin mining machine BTC-A7Miner hosting contract on December 5. This is also the first launch of its cloud computing power contract after the launch of Avalon A7.

The sixth-generation Avalon A7 AvalonMiner Bitcoin mining machine is equipped with an A3212V chip, and the total computing power of the machine reaches 6.2T, which is a further improvement over the performance of the previous generation A3218 chip. The total computing power of the BTC-A7Miner hosting contract launched by Hash Power Bar is 6000T, and the actual computing power of the mining machine is 6T. The minimum purchase unit is 1 unit. The primary market and the secondary market are open simultaneously, and the computing power can also be bought and sold in the trading market after the successful purchase.

The launch of the Avalon A7 Bitcoin cloud hosting contract is timely, filling the current gap in the A7 cloud computing power market. It provides users with more contract options and is also a supplement to the computing power product line.

Avalon A7

At the same time, Hash Power Bar is also making every effort to deploy overseas markets. Compared with the overseas mining industry, the domestic mining industry has advantages in all aspects: low electricity costs, fast computing power online, low maintenance and labor costs, professional mining farms, etc. Wang Ruixi introduced,

“After A7 goes online, a series of cloud hosting computing power contracts will be launched one after another. The main customers of Computing Power Bar come from overseas. The international version is being optimized and will be available in the near future. The new version is also being optimized at the same time and will meet users soon.”

Professional cloud computing hosting, outstanding advantages

After the reorganization and launch, Algorithm Bar underwent comprehensive adjustments and its advantages gradually emerged.

First of all, the mining farm cooperates in the form of self-construction or hosting. The self-owned mining farm resources overcome the development bottleneck of the previous computing power bar due to the lack of its own mining farm resources; the mining farm completes the computing power deployment in advance, and can achieve the computing power immediately credited to the customer within 1 hour after purchasing the mining machine.

Sichuan Mine Scene

Secondly, the computing power bar has opened up a computing power trading channel. The purchased cloud computing power can be traded at any time, and there is no transaction fee in the computing power market, making user capital operations more flexible.

At the same time, Algorithm Bar provides absolute protection for mining machines and electricity in the mining farm, deploys twice the electricity and backup mining machines to ensure that the mining machines can operate normally 24 hours a day, 7 days a week, with zero failure rate.

In addition, HashPower has also launched a guaranteed contract for Zcash to minimize user risks. A guaranteed contract means that if the contract is not renewed for free due to factors such as the growth of the total network computing power or the market price of ZCash, the user will be given the right to continue mining with the same computing power for free, and the contract period will be extended until the contract is recovered or the mining cost exceeds the mining output.

Talking about the overall understanding and future expectations of cloud computing power, Wang Ruixi said,

“Cloud computing power has been criticized in overseas communities as ‘cloud mining pits’ and ‘Ponzi schemes’. Many bad things have happened, destroying the trust between computing power hosting and miners. As a leading cloud computing power platform at home and abroad, Hash Power Bar was established on August 8, 2014 and has a two-year operating history. On Bitcointalk, it is directly recognized by the community as a real and reliable cloud computing power.”

Wang Ruixi revealed that at present, the mining pool is also being deployed. "The positioning of Computing Power Bar is a blockchain asset computing power hosting and computing power trading platform. We have a positive attitude towards the future of blockchain and Bitcoin." With the increasing popularity of digital currency and the recovery of the cloud mining industry, we will have to wait and see what the future direction of the returning Computing Power Bar will be.