Create a credible value, "the second bitdeer 421 water festival" successfully concluded

On April 21st, the Second Bit Deer 421 Water Festival and Mining Ecology Conference was held in Beijing. This offline activity was jointly organized by Bit Deer Group and Blockbeats. Together with Bitdeer, Mining++, BTC.com, MatrixPort and other major brands, we gather global quality service providers to build a communication bridge for the upstream and downstream KOL of the industrial chain such as computing power, mining pool, mining field, miners, operation and maintenance, mining machinery and financial services.

On this conference, Wu Jihan made a speech for the first time as the chairman of Bit Deer Group. Meanwhile, BitDeer Group CEO Kong Linghui, BitDeer Operations Director Yeh Jiejie, Minerplus Business Director Leung Baoqing, Data Center Director Wang Wenguang, Sales and Marketing Director Fan Xiaoyun, MatrixPort& NBSP; CEO  Ge Yuesheng, Vice President of Bit Mining & AMP; Meng Xiaoni, CEO of BTC.com, Leibit & Will dig CEO Jiang Zhuoer, F2POOL & NBSP; CMO  Qing Qing, Yang Xiao, co-founder of Panda Mining Machinery, Li Peicai, co-founder of Shanghai Wuyi Mining Co., Ltd., Yang Xianfeng, CEO of Bitmining (500.com), Vice President & AMP of Bitmining; Liu Jibin, General Manager of Changhe Hydropower Intake Park, Tokensight Founder & AMP; Hoto, CEO of Blofin, and Foundry& NBSP; CEO  Mike Colyer and many other big names.

Cryptocurrency may be the greatest opportunity of the 20th century

In 2021, Bitcoin has been breaking new all-time highs and is now on track to reach a new milestone of $70,000. The cryptocurrency mining industry is undergoing a revolution, with the former mining giant Bitmain splitting in two. Bit Deer founded by Wu Jihan first appeared in the public view in the form of a group, and held the "Second Bit Deer 421 Water Festival and Mining Ecology Conference".

With the transformation of the international economic pattern and the change of national policies, the field of crypto mining is developing in a new direction. The former era of brutal growth has gradually come to an end. In the future, large-scale, professional and compliant crypto mining will become a new trend. New funds continue to admission, the impact of the original mining pattern.

Wu Jihan, chairman of Bit Deer Group, remains optimistic about the current institutional entry into the field of mining, and judges that there will be more enterprises entering the industry in the future, and the industry credit will be particularly important in the development process.

On the judgment of the future trend of the market, Wu Jihan shared his views: in the long term, the blockchain industry is in the best period of the great bull market, but it cannot help experiencing fluctuations in the middle. It will take caution for those in the business to jump through the bull and bear and take advantage of one of the greatest opportunities of the 20th century. The opportunity may be bigger than the Internet itself. In the future, the crypto sector may produce a single project with a market value more than 10 times that of the existing centralized companies.

The digital asset industry is entering its best period ever

In his opening speech, Mr. Kong Linghui, CEO of Bit Deer Group, also accurately summarized the changes in the current industry trend: the China-centered structure has been transformed into a two-world pattern for China's overseas market, in which the growth of the overseas market is most rapid in the United States; Affected by the lack of global semiconductor capacity, in the short term, the growth of computing power may not be able to keep up with the increase of currency price; This year, the impact of "carbon neutral" policy on the mining industry is expanding, and domestic thermal power mining will be increasingly affected; At present, more and more institutional clients are beginning to be interested in digital asset mining and want to enter the market.

The digital asset industry is stepping into the best period in its history. I hope all the industry practitioners will seize the historic development opportunities and seize the dividends given by The Times.

With the change of industrial location, China's computing power will account for less than 50%

Ye Jiejie, the operating director of Bitdeer Group, surveyed ten years' data of the mining industry. Taking gold as the benchmark, he boldly judged that Bitcoin might reach a unit price of 500,000 US dollars. With the market fluctuations, the mining industry scale is expected to grow from the current 100 billion yuan to 500 to 600 billion yuan.

Ye Jiejie pointed out that since 2014, the annual gross profit margin of the mining industry has always been above 60%, reaching 715% at most. Compared to the traditional industry is a very high profit level. However, the location of the mining industry is changing, and a large number of computing power is migrating out. The number of mining centers in the United States and Russia is gradually increasing, while the proportion of computing power in China will continue to decline.

Wang Wenguang, the person in charge of the data center of Bit Deer Group, holds the same view. Taking into account domestic policies and overseas mining developments, Wang Wenguang believes that China's share of computing power in the world will be less than 50% in the future and this figure will be irreversible.

  "Carbon neutrality" has become a hot topic, and clean energy will become the main mining force

At the conference, "carbon neutral" was one of the main topics. Wu Jihan pointed out that this will have a long-term impact on the industry. Don't take any chances with the "carbon neutral" event. If the country wants to solve this problem, it will do so very quickly. Clean energy mining will become one of the main mining energy in the future.

In the roundtable discussion, Yang Xiao, co-founder of Panda Mining Machinery, also said that "carbon neutrality" was written in the national government report for the first time, so it should have a lasting and relatively long-term impact on the whole industry, and more of a systemic impact on the whole industrial chain. In the longer term, mine owners should indeed consider plans to go abroad and find more decentralized ways to complete their own industrial upgrading.

F2POOL CMO Qingqing says that "carbon neutral" is not a cause for alarm in the mining industry. The clarity and clarity of the policy is also a good thing for mining investors and large mining machine owners, helping to measure investment risks and returns. Compliance in mines will become increasingly important.

Li Peicai, co-founder of Shanghai Diyi, thinks the short-term impact is small and the long-term impact is uncertain. From the perspective of thermal power and hydropower, hydropower has less impact, while thermal power has more impact. At home, the new funds into the Bureau of Mining needs to complete the layout of mining machinery as soon as possible before the arrival of the wet season this year. The preparation period for the layout of overseas mines is longer, so it is necessary to find a reliable site.

Vice President & AMP, Bit Mining; Liu Jibin, general manager of Changhe Hydropower Intake Park, also said that "carbon neutrality" will increase the uncertainty and risk of thermal power mines, and the majority of miners have begun to gradually realize this. Hydropower mines have mature business logic, that is, clean energy + water and electricity consumption. This "carbon neutral" thing will or will increase the demand for high-quality mines in the future. In addition, stable year-round water and electricity will also become a scarce product.

Fan Xiaojun, head of sales and marketing of Bit Deer Group, mentioned that "carbon neutrality" is a general direction, and the impact on the mining industry will be to make high-quality, stable mines become relatively scarce resources. Bit Deer itself mainly mines overseas, and China has just built a park to absorb the electricity, so this policy is not affected.

Market cycle fluctuations, mining is still a stable way of income

Lai bits & amp; Bitdig CEO Jorge Ganchor shares his thoughts on mining and cryptocurrency investing. "Ninety per cent of people who buy coins tend to be loss-making, and 90 per cent of miners have historically been profitable," says Mr Ganchor. And mining as a way of stable income, more in line with the logic of investment. He points out that mining has become more specialised and large-scale, making it difficult for retail investors to participate. So Bit Deer's computing cloud mining market will apply to retail investors in mining.

On the upcoming flood season, Bit Mining Vice President & AMP; Meng Xiaoni, CEO of BTC.com, predicts that the whole network's computing power may reach 242EH/S, and the FPPS daily earnings per T are forecast to be 0.24-0.25 US dollars. The most critical elements to seize the dividend in the flood season this year may lie in the spot and relocation strategy.

She points out that the financialization of mining is a trend, in the face of increasingly fierce competition and fluctuating margins, had already been a miner and miners used this kind of financial instruments to hedge the risk of mining, BTC.com will be the next gathering of global financial services of high quality resources, with an open platform approach to all users to provide different financial services, we provide full cycle type, One-stop service.

Minerplus, a Bit Deer group with a vision of "making mining easier", wants to lower barriers to entry. Smart mines, safe mines and transparent mines will be the three core values of Minerplus to achieve this vision, according to Minerplus business head Leung Po-ching.

When will the bull market end?

Blofin CEO Hutou offers three indicators to help users judge the market: the basis of quarterly contracts, annualized at more than 20%, is still in a bull market; The project gives little amount to investors, reduces the concentration of costs, and makes the market ecological healthy. At the average rate of the U - based carry - money strategy, the market still pays dividends.

Wang Wenguang, head of data center of Bit Deer Group, thinks the real bull market may not be here yet. He pointed out that in the bull market in 2018, BTC accounted for 39.2% of the total market value of cryptocurrencies, while the current proportion has become 52.4%, that is to say, the market value of BTC now accounts for a high market value of cryptocurrencies, small currencies have not yet risen, the general rise of 100 coins is a performance of the bull market, so the real bull peak has not yet arrived.

Welcome to join the official BlockBeats community:

Telegram Subscription Group: https://t.me/theblockbeats

Telegram Discussion Group: https://t.me/BlockBeats_App

Official Twitter Account: https://twitter.com/BlockBeatsAsia