Bitcoin mining machines have become a new way to make money. Are you interested?

Bitcoin mining machines have become a new way to make money. Are you interested?

The craze for Bitcoin is getting more and more intense, and the exchange rate has recently hit new highs. More and more people are beginning to believe this story and dive in. Given that the exchange rate of Bitcoin is so high, it is not cost-effective to buy it directly, so mining becomes another option.

However, as described in the previous article, the computing power of the entire network is getting higher and higher, and the income from mining has plummeted. It is unwise to rely on mining machines to mine Bitcoin. Instead, a large number of people buy mining machines, making the people who make mining machines rich.

Just look at this, a mining machine company called KnCMiner in the United States sold mining machines worth $3 million in 4 days, and the road to wealth for "miners" has just begun. This business has also attracted the attention of Silicon Valley elites. According to Business Weekly, former Stanford University professor Baiaji Srinivasan joined forces with several Silicon Valley entrepreneurs to quietly establish a company that specializes in manufacturing and selling high-frequency mining machines.

The company is called 21e6 (21 means the total number of bitcoins is 21 million). It has currently received $5.05 million in investment from 55 investors, who are said to be some of the richest people in Silicon Valley.




In the face of the practice of mining machines that increase computing power by crudely stacking chips, 21e6 needs to make a breakthrough and obviously have technological innovation. They have recruited several engineers who are experts in integrated circuits to develop a new type of mining chip. This chip is much more complex than the mainstream Asic on the market, and the computing power will be greatly improved.

Here we need to introduce the existing mining chip - Asic chip, which is designed and manufactured by Avalon, a domestic company, and its founder is a mysterious doctor from Beihang University. Asic chip is superior to the previous graphics card in that the latter is adapted for PC system, while the former is optimized for the mechanism of Bitcoin generation. Bitcoin itself is generated by calculation, and specially adapted chips can greatly improve efficiency and obtain greater benefits.

Avalon's fame came from an order in September last year, which was shipped in February this year. At that time, everyone who got the machines became a millionaire. After that, as mining machines with Asic chips were launched in large quantities, the price of mining machines rose sharply on the one hand, and the computing power of the entire network rose sharply on the other hand, and mining soon became not so good.

If 21e6 can repeat the scene of Asic replacing graphics cards, it will surely benefit the first batch of people, but just like Asic chips, once the shipment volume is large, its value will fall rapidly. The only way to attract miners is to upgrade and iterate quickly and reduce the price at the same time.

But in any case, the risk of making mining machines is far less than that of mining, not to mention that there are so many Silicon Valley investors supporting behind the scenes. As for miners, if they can't get the first batch of machines, they can just forget about it.


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