Sail and break: The story behind the strategic cooperation between Bitmain and Bitmain

As Bitcoin continues to hit new highs, new players in cloud computing seize the opportunity to rise.

At the beginning of February this year, Bitfufu.com, a global innovative computing standardization mining platform, announced a strategic cooperation with Bitmain, the world's leading mining company. Bitfufu.com has officially become the only standardized computing platform officially designated for cooperation by Bitmain.

Currently, many cloud computing platforms on the market either have the background of crypto exchanges or have various profound industry resources. As a cloud computing platform launched in December last year, the strategic cooperation reached with Bitmain may become a powerful fulcrum for Bitmain's future development journey.

The advantages brought by strategic cooperation are also two-way. With Bitmain's acknowledged appeal, Bitmain can establish its position in the industry at the fastest speed on the basis of ensuring the bargaining power of its products. At the same time, with the powerful help of Bitmain, Bitmain can also obtain and convert more potential users to buy mining machines.

It is understood that BitFulu and Bitmain will carry out close cooperation from multiple dimensions, such as mining machine, mining field and mining pool. It may soon be clear what impact these basic factors will have on cloud computing power and even the whole mining industry.

Help bitfufu, improve the credibility of products

It is obvious that after the strategic cooperation is reached, Bitefu will be the most direct beneficiary.

BitFutu and Bitmain have teamed up. BitFutu will have priority in getting Bitmain's new generation of mining machines, which means that BitFutu can get the latest mining machines faster than its peers, and have stronger bargaining power, so that BitFutu's users can enjoy the high-yield dividends of mining earlier.

With years of mining experience accumulated by Bitmain, Bitmain has been able to optimize the cost of cloud computing products, which is not only lower per terabyte than other platforms, but also more competitive in the industry.

Not only the mine pool, the cooperation between the two parties will be extended to the mine, mine pool and other businesses.

From the mines, bit rich rich part of the mill will be host to the mainland bits of ordnance mines, which have already contains operations, maintenance, electrical appliances, network and system development of all-round professional team, has great customer service, in cooperation with the bit rich rich, will also bring latter users VIP level of security.

From the perspective of the mining pool, since the mining income of BitFuFu is directly transferred from the third-party mining pool to the personal wallet address, all mining output belongs to the users, and the platform does not participate in the income distribution, so as to protect the interests of BitFuFu users to the greatest extent. Minerals are all owned by users, and the platform does not participate in revenue distribution. From this point of view, whether it is a long-term stable mining miners users, or in the short term want to try a T income of computing mining investors, mining through bitfufu cloud computing power is a good choice.

Recently, we also found that Bitmain and Bitfufu platforms have enabled the joint login function, which means that the same account can be logged into the two platforms. For users, it avoids the trouble caused by the management of creating and logging in multiple accounts, and greatly optimizes the user experience.

Because the user and product information has been through, means that users can quickly allocate resources in the mining machine and cloud computing power two kinds of investment: if the energy is insufficient, or bullish market but the market mining machine supply is short of demand, the user can transfer funds to bitfufu at any time; And if you want to long-term layout, buy mining machines, the same can transfer resources to Bitmain.

It may seem like a small functional step, but it's enough to show that BitFuFu has actually gone deep into BitFuFu's ecosystem, sharing resources and brand power that BitFuFu has accumulated over the years.

Of course, not only Bitmain, Bitmain also benefited a lot from this strategic cooperation.

Replenish Bitcontinent and fill the blank of ecological map

Compared with traditional mining machines, the products provided by cloud computing power platform have low threshold and high flexibility. Therefore, ordinary investors are more willing to choose such "neutral" investment mode to buy such cost-effective real mining services and gain profits from them.

In the context of high bitcoin prices, only standardized cloud mining products are likely to absorb the demand of hundreds of millions of new crypto investors. After the completion of this strategic cooperation, Bitmain's original mining machine, AI, Ant Mine Pool and domestic mines will smoothly add cloud computing power, directly connecting Bitmain's upstream and downstream resources in the industry.

With the professional and standardized computing solutions of Bitmain, Bitmain is able to expand the potential C-end user market and meet the potential needs of domestic and overseas institutional customers.

In addition to the strategic layout, the cooperation is also Bitmain tactical visualization.

Crypto investors have become increasingly stratified in recent years, but that doesn't mean the gap is insurmountable. The joint login function launched by Bitmain and Bitfufu helps Bitmain to get through the information sharing channel with the latter's users. Obviously, bought a cloud to calculate force users than encryption monetary ignorant users to more easily into two platform for information exchange, equivalent to a bit mainland mill sales information natural touch to the cloud to calculate power users, help the team build a more complete picture library, mining user to assist the team from the data set of marketing and marketing plan in the future.

In addition to the favorable mining machine business, the cooperation is also very important to Bitmain's mining pool sector. Because with the addition of bitfufu, it means that the mine pool acts as a "water seller", and also obtains a new inlet of traffic, and with it a stable operating income.

If the time line is extended, the positive impact of the strategic partnership between Bitmain and Bitmain on the mining industry will continue to ferment. We should know that the research and development and production of cryptocurrency mining machine itself is a long cycle process, which requires long-term and stable cash flow as the support, while the cloud computing power sales itself has a short cycle and quick payment collection. The sales of Bitmain's computing power products will also help Bitmain take the lead in locking in part of the profits and solidify the foundation for increasing the research and development of new mining machines.

More importantly, since the concept of cloud mining emerged in 2014, it is no longer the initial stage for any service provider to succeed if it wants to make a difference. It not only tests the product power, but also relies on the industry resources of the founding team itself.

It is understood that the core team members of Bit Fufu come from some of the founding teams of Bit Deer, with well-known Internet and blockchain enterprise backgrounds such as JD Finance, Baidu, Toutiao and Bitmain. Independent directors Lu Haiyi during the jingdong financial office, the cloud is the potential for power industry are optimistic about, rich, rich in bit her on the business as independent directors to help rich rich team, and introduce the traditional fund cooperation, she hope that through effective team, strong ability of industry chain integration and advanced operation management technology to provide service to more users.

In this rapidly changing industry, it is increasingly mainstream for mining machine manufacturers to partner with cloud computing service providers, driving further standardization of computing power. The cloud computing power service provider plays the role of the distribution channel of "computing power commodities". After the strategic cooperation between the two sides, the integration model of supply and marketing of "computing power commodities" naturally takes shape, which also makes the transaction and circulation of computing power products more efficient.

For now, the cloud to calculate power temporarily haven't walk to the track for the stock market, in addition to the existing players, similar to such new incoming bit rich rich, is also worth looking forward to, because in the mining industry, a bit rich rich don't lose the peers in the brand, and in cooperation with mainland bits, bit rich rich in market development, is the product design and after-sale protection, and other core link will also get a strengthened.

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