With the arrival of the wet season, a new scene of "mining rights reshuffle" is quietly unfolding | casino 99 online, result tw 8togel, copag poker chips

The flood season is approaching. Finding a mine with low electricity prices a day early and negotiating with the miners who need services can bring huge rewards, and busyness has become a daily routine in the mining industry. Under this wave, a new episode of "mining rights reshuffle" is quietly unfolding.

Huang Meng is very busy. Since the temperature has warmed up, he has been traveling around the country: Sichuan, Shenzhen, Shenyang, and Beijing, walking non-stop; one day he was in an office building in Beijing, and the next day he was in a mine in the south. The flood season is approaching. Finding a mine with low electricity prices a day early and negotiating with the miners who need services can bring huge rewards. And his running around is just a sketch of the busy mining industry in the south when the flood season is approaching.

Seize the low price of electricity, and the curtain of the flood season is slowly opening

The most obvious feature of crypto mining is that it is driven by electricity. The currency price, electricity price and the computing power of the entire network work together to determine whether the mining machine can be turned on. During the dry season, water and electricity supply in the south is interrupted, and thousands of mining machines migrate to the north to maintain business. When the flood season arrives, water and electricity supply is sufficient and electricity prices are low, mining machines will move back to the south again.

"Investment for 50,000 load machine positions! Power will be available in April"; "First-hand factory source, 50,000 load, 42,580 machine positions are being booked. Book in advance, enjoy preferential prices in April, starting from 500 units..." In the WeChat group of miners, mine investment advertisements with electric load as the selling point appear frequently. Hidden behind these advertisements are the compliance of electricity prices, the stability of power supply, and the operational capabilities of the mines. These three factors will determine the success or failure of the final cooperation.

Policy remains the most uncertain factor facing the mining industry. Since January this year, governments such as Sichuan, where mining farms are concentrated, have begun to issue corresponding policies and regulations to supervise crypto mining during wet seasons. On the one hand, it requires that mining companies without any approval procedures be banned in accordance with the law; on the other hand, it requires that mines be guided to withdraw from the local area and refuse to open new mines.

Strong supervision has gradually made the mining industry's compliance and standardized operations increasingly clear, virtually protecting the rights and interests of practitioners.

Stable power supply is the key to success

Only when the power supply is stable can the income of mining machines be guaranteed. Once the power fluctuates, the income will be damaged at least, and the life of the mining machine will be affected at worst. Directly related to the power supply factor is the construction of the mine. The construction of board houses, the layout of high-voltage electricity, and the layout of the network are all very sophisticated. Everything from transformer model selection and cable model matching to power socket specifications and location distribution are all challenges for mine builders. Only mine owners who are proficient in this can obtain enough customer resources in this PK.

The mine layout is complex, and the portable "container mine" was born. On March 20, 2018, Bitmain officially announced the release of the mobile mining farm ANTBOX, which can accommodate up to 324 S9 mining machines. The initial sales price is as high as 180,000 yuan, and its current official website price is 88,000 yuan. In addition to these container mines with clear product parameters, some individual mine owners also choose to assemble themselves. Although it is easy to transport, the overall performance is poor.

Although container mines are convenient and easy to manage, they have not really become popular due to high costs and insufficient capacity. Currently, common mines on the market still use traditional board house structures. “Mining is not an industry that likes to relocate, mining likes stability.” Rawpool Mining PoolMarketing manager Huang Meng said this. The current currency price is still in a sluggish bear market, and miners have to choose places with low electricity prices to survive. If the currency price is at the high point of the bull market, the vast majority of miners will not easily choose to relocate. Every minute and second lost during the relocation process means huge economic losses.

Aside from these obvious resource conditions, mine operation capabilities are also critical. Under normal circumstances, a mine will host the mining machines of multiple customers at the same time. These mining machines have different models and performances, and the management methods are also very different. If the mine operation capability is insufficient, it will be difficult to manage the managed mining machines well, and it will be unable to respond immediately when encountering sudden failures, which will inevitably cause losses to customers. What's more, they will secretly switch customers' computing power to their own accounts to seek benefits.

In addition, mining focuses on resources, and power conditions have a certain degree of resource monopoly. How to open up the relationship between various resources and relieve the mine from worries will also test the mine's operational capabilities.

The selection of a mine is a very cautious matter. In addition to on-site inspections, we will also communicate with the power supply provider to avoid risks in all aspects.

A journey of thousands of miles, a long migration path for mining machines

Two months later, miners living in Inner Mongolia, Xinjiang and other places may usher in a new north-south migration. Leaving the remote, dry northern frontier, their destination was the remote but moist southern jungle. However, not all mining machines will be moved back. Those miners who have signed a year-round hosting agreement with the mine will still put the mining machines in the entrusted mine in accordance with the agreement, regardless of dry or high water conditions; and graphics card mining machines other than ASIC mining machines will most likely not move out of the relatively dry northern mines due to their requirements for humidity environments.

The mine is geographically remote, sparsely populated, and has inconvenient transportation. The number of mining machines that need to be transported is huge, and small vehicles cannot meet the transportation needs. There are many transfers in railway transportation, and mining machines are easily damaged. Hiring a large truck with high price and convenience is the best choice.

In addition to large trucks, the increasingly complete logistics network in recent years has also become an alternative method of transporting mining machines. Debon Logistics undertakes numerous orders for the transportation of mining machines every year. However, there are too many uncontrollable factors during logistics and transportation, and the mining machines are high-precision equipment, which is not suitable for large-scale "migration" of mining machines. Different from general freight, the transportation of mining machines requires special packaging cartons and thick enough foam fillers. The quality of packaging is also directly related to the transportation safety of the mining machine and directly related to the operating performance after it is put on the shelves.

In summary, the total transportation and packaging costs of each mining machine are between 15 and 20 yuan. However, this price is not the industry price. Due to different transportation distances, transportation conditions, etc., the unit price of mining machine transportation may be higher.

In addition to transportation costs, putting mining machines on the shelves and taking them off the shelves also accounts for costs. The mine management manpower is limited and cannot complete the work of loading and unloading tens of thousands of mining machines. Under normal circumstances, the mine will choose to hire local villagers to transport the mining machines and place them on the corresponding shelves, and then the mine's professional operation and maintenance personnel will lay out the lines. This fee will ultimately be paid by the miners who host the mining machines. However, currently, the currency price is low, and the mines also need to be managed to make profits. The loading and unloading fees are converted into the electricity price and are not settled separately. However, if the market is at a high point, this part of the cost will also be additional expenses.

The mining boom is booming, but profitability still requires intensive cultivation.

According to industry insiders, revenue during high water periods is expected to account for 60% of annual revenue, and the revenue from some mines is evenly split between high and dry periods. It is true that the flood season brings low pricesThe price of electricity has also brought more competitors - the price of electricity is low, the previously shut down mining machines have been restarted, the computing power difficulty has increased, and the income of the same mining machines has also declined. The income during the wet season is not as optimistic as expected.

“The nature of mining is to seek profits. Although the mines in the north and south are incompatible with water and fire, they have reached a delicate balance due to profit factors.” Huang Meng, market leader of the Rawpool mining pool, said, “Everyone still has a relatively bullish attitude during the wet season.”

In addition to market trends, mining companies and miners’ own management capabilities and resource conditions also affect final profits. The mining industry chain is complex, involving not only the high-precision aspects of chip research and development, but also resource-intensive industries such as power resources. Complex links bring about more intricate division of interests.

In the face of interests, various small-probability events may happen at any time. Mine sites are raising prices on the ground, electricity supply is blocked, and even malicious termination of contracts may occur during this flood season war. Among them, the power supply link is the most prone to problems. There is often a "middleman" between the power station and the mine. He holds the power station's surplus power, and the mine owners can only buy power through them. However, the current currency price is not high, and these "middlemen" will not choose to default easily and raise prices; but once the currency price rises, the demand for electricity will surge and return to the seller's market, then the possibility of "middlemen" doing evil will also increase.

How to avoid these risks? Dealing with emergencies? There is currently no standard answer in the industry, but it is undeniable that by “shopping around”, more answers must be obtained from repeated communication and docking. This also echoes the scene at the beginning of the article: the flood season is approaching, and running around has become the norm in the mining industry.

Because the tide is coming, you can only move with it.

(Source: ChainDD)