How to choose mine? Wang wenguang, director of the biti continental mining center, gives these six Suggestions

On April 21, bit fawn, together with eight mining brands, jointly held the "first 421 water festival" live broadcast conference. Many well-known people in the industry for the flood period, half of the market and the future development of the industry expressed their views, bit continental mining center director wang wenguang at the meeting on the half of the market will be on the miners and mine impact analysis, at the same time in the mine selection also gave their professional advice.

High water periods are both an opportunity and a challenge for mines, some of which are driven by water. Cheap power during a good season is what miners and mine owners look forward to most of the year, but mines face problems as they move, and for some the costs may outweigh the benefits. So how to choose in the end, what are the "gateways" of the rich mines? How should miners choose mines? . Beat beats spoke to wang wenguang & fung, head of bit continental's mining centre; & have spent Ask him to tell us about it.

Rhythm BlockBeats: can you briefly introduce the mining center, which is the original mine department after restructuring? What kind of business are you doing now?

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Wang wenguang: the mining center is a combination of the original mining department, asset department, operation and maintenance department and the overseas mining center. At present, there are mine design, construction, operation and maintenance, maintenance, external custody business. There are more than 30 mines in the mining center of bitmainland, both self-built and co-managed. We have been helping our partners to design and modify mine structures, improve operations automation, and improve maintenance.

BlockBeats: the most common sources of electricity at the moment are hydro and thermal. Which are the more common services offered by bitland? Which is better?

Wang wenguang: strictly speaking, water, electricity and electricity. The stability of these two kinds of electricity is different, the price is different, according to the different characteristics of different machines. Because we have both hydropower and thermal power, the choice of a large, do is to provide customers with the best configuration, to achieve the highest revenue.

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BlockBeats: what are the usual mine preparations before the flood season? What does the mine do after a good season? Can you take the mining center as an example to briefly introduce the situation of the flood period, including whether the mine is relocated, and what is the cost

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Wang wenguang: before the flood comes, there is a lot of work to be done: electrical facility inspection, main mine inspection, mine modification (to adapt the new model), logistics support confirmation, etc., which is equivalent to the opening of a new mine. After the end of the flood period machines are generally removed, the main safety protection can be set.

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As the value of single mining machine is getting higher and higher, the calculation power is getting bigger and bigger, and the cost of relocation is also rising. What are the relocation costs I mentioned: the cost of hoisting and unloading, operation and maintenance, the profit loss of digging money in the relocation, the maintenance cost of DOA, and the profit of digging money in the loss of maintenance power failure? Each move is an actuarial, more and more sophisticated, on the trend, the greater the computational power of the machine to move the greater the loss. Therefore, the low electricity price of hydropower cannot be considered. I believe that the situation of sichuan hydropower in 2019 is still fresh in your mind, because few miners are relocating to generate income.

BlockBeats: miners, pools and mines will be affected if prices do not rise after the halve. How many BlockBeats will there be if prices do not rise after the halve? Will there be a large loss in this situation in the mine, how to deal with it?

Wang wenguang: no data can directly show the shutdown data after half, because different models match different electricity prices. But our model,After halving, the calculation force will be reduced by about 20%There is, after all, a cushion of low electricity prices. As things stand,More than a third of the mines will be reduced or shut downThis is a special time for the industry. Everyone has to sign up for heating. Some of our partners have already given us the cost price in early march, which is a very farsighted approach.

Beat the BlockBeats: the NDRC's removal of 'virtual currency mining' from 'obsoletions' in 2019 looks good for the mining industry, but what about the regulatory landscape for mines? Is it still a grey industry or will it be supported by local policies?

Wang wenguang: I think the current situation of "not encouraging, not supporting, not opposing" is still in the domestic policy towards mining. However, from the trend of various places are moderately open, there are many places mining as an indispensable industry to look at, such as sichuan. This is a good start, indicating that the government has also understood the importance of mining as the underlying support of the blockchain, and the important role of mining in easing the contradiction in energy supply. The country's energy system reform will move towards a more market-oriented direction, coupled with the strengthening of taxation and self-discipline of enterprises, I believe that the mining industry will become more and more popular with the government.

BlockBeats: we often see information about mining prospectors' power generation resources in the community. What should miners pay attention to when selecting mines?

Wang wenguang: first of all, as I said in the abundant water festival, the mining industry has not yet developed to a fully 2C era. High-quality mines are not short of customers and will not attract investment in the market.

Some Suggestions:

1, try to choose the old mine, the new mine problems are more, the old mine experience run-in will be much better.

2, choose the total load of the mine, so the space to move large, more stable.

3. Choose a mine with good reputation in the market and cooperate with the company rather than with individuals.

4. Do not cooperate with the intermediate party, and directly sign a contract with the mine owner.

5. Sign a formal trusteeship contract and clearly agree on the responsibilities and obligations of both parties.

6, choose a reliable operation and maintenance side, you know, the machine is not put on the rack on the line, but also need to operate normally to make money, a good mine plus good operation and maintenance to dig ore smoothly.

And these are the bit continental mining center to provide customers with a set of services, customers follow us to choose the mine, enjoy the bit continental operations and maintenance, with our machines together, together with mining spend half!

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