Bitcoin trading network BtcTrade releases new product, suspected to enter mining business

BtcTrade, one of the three largest bitcoin trading platforms in China, released a new product preheating special page yesterday. When the reporter clicked on it, he found titles such as "Xinkuang Shenyi", "Bitcoin Trading Network 2016 New Products", and "Making Mining Easier". BtcTrade, which has always been low-key and steady, hinted that it will soon launch a new product. Is there any big move?

The new product will be unveiled at 10 am on August 19. From the information currently known, we can see that the new product is also related to Bitcoin mining . So let’s guess, it is nothing more than the following products:

1.      Bitcoin mining machines for sale

There are many mainstream mining machines on the market at present, and the prices are also uneven. The noise level, power consumption and computing power all affect the price of Bitcoin mining machines. After the Bitcoin production was halved in July this year, the difficulty of mining increased. If the Bitcoin trading network is launching a new type of mining machine this time, it is unlikely to cause a sensation without sufficient cost-effectiveness.

2.       Cloud Mining

As the bitcoin mining market heats up rapidly, cloud mining machines, as a flexible and efficient bitcoin mining solution, will gradually become the mainstream of the market. This time, the bitcoin trading network may have invested heavily in mining farms, deployed mining machines and sold computing power. As the top three exchanges in the domestic bitcoin trading volume, the BtcTrade platform has a large user base and has rich experience and accumulation in the field of digital currency trading. Its R&D and operation teams are very mature, and both market responsiveness and future development positioning have shown vitality and momentum. However, with the vigorous development of the bitcoin industry and the continuous advancement of mining machine technology, the cost of mining machines has gradually decreased. For an ordinary bitcoin investor, what is more concerned is the cost of mining machine deployment and operation and maintenance, electricity costs, and the rate of return on mining. If the bitcoin trading network really enters the cloud mining industry, it may not be able to form a greater competitiveness in the industry without sufficient preferential policies.