Wu jihan: according to the industry rules of mining, S19 series mining machine or sustainable mining for 3 years

Beat BlockBeats news. At today's b.op event, long-absent bitmainland co-founder and Matrixport founder jihan wu offered his current thoughts on the global economy and the use of the S19 mining machine.

He said the current highly leveraged debt trade war will lead to a decline in global trade efficiency, which will lead to a certain economic crisis, which will lead to extreme volatility in cryptocurrency prices. When thoroughly after the outbreak of coronavirus, according to the present, the outbreak takes about 2 months time to put out (rhythm note: reference control time of China) and the United States in March to more attaches great importance to the epidemic, so may probably situation is expected to be stable, epidemic control and global central bank water, after water assets is difficult in collecting or of financial information and also have some influence.

When it comes to the estimation of the effective mining period of ant new mining machine S19, wu jihan said that according to the industry rules, each generation of mining machine can basically be separated generation survival, can use time is across two generations of mining machine. Pulse understands that he expects the next technically updated miner to be released in 18 months or so, and that the current miner (the S19 series) will probably last about 36 months, or three years, if the rules are followed. In addition, from the perspective of an industry time node, this encryption market may be a slow bull market, so from this point of view, the S19 series can be dug for three years is a reasonable time speculation.

The audience then asked why they wanted to start Matrixport. Wu jihan believes that in the future of the development of the entire encryption world, the user base may expand to 50 million or more, and this requires the industry to provide users may need products, more concise products. Based on the judgment of the development of the future demographic dividend, Matrixport is a product that is in line with the needs of a large number of users.

Finally, an audience member asked: "is bitcoin Noah's ark in extreme conditions?" Wu jihan said his views on bitcoin have become less enthusiastic. In a bad economy, all asset values collapse (bitcoin is hardly an exception). Bitcoin's relationship to financial markets is like a surfboard and a wave, sometimes going the other way, mostly along, depending on the individual level.

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