Meng Xiaoni, CEO of BTC.com: Future products will focus on quality and innovation

On April 21, the Second Bitdeer 421 Water Festival and Mining Ecology Conference was held in Beijing, which was jointly organized by Bitdeer Group and RuralBlockBeats, and jointly organized by Bitdeer Group, Mining++, BTC.com, MatrixPort and other leading brands.

During the conference, Ru Blockbeats interviewed Meng Xiaoni, vice president of Bit Mining Group and CEO of BTC.com. She mentioned that BTC.com will focus on function innovation in the existing mining pool and browser business and take the route of quality. At the same time, we will also prepare special service products to meet or activate the demand of the new market, and give full play to the potential of BTC.com global top-level domain.

The merger into Bit Mining Group, as an important part of the Group's block chain industry layout, will also get more high-quality resources to supplement their own resources and jointly promote the platform service upgrade.

The following is a conversation between Rhythm Blockbeats and Meng Xiaoni.

The big event of this year is the merger and acquisition of Bit Mining (formerly 500.com), but it seems that after the acquisition, there is not much noise? What are the changes in the business development and organizational structure of BTC.com after this acquisition?

Meng Xiaoni:Let me explain to you the rhythm of the market sound. Bit mining announced the acquisition of BTC.com at the beginning of the fifth year of this year, when a number of multi-field media reports, can be said to be the industry's Top hot spot, at the same time, it is also the capital market on the strength of the two enterprises to join the confidence of the performance. This heavyweight collaborative sound is certainly the highest, and the subsequent ones are mostly based on improvements or upgrades following this major change, while the sound is lower by comparison. However, market actions are still frequent, such as the official completion of the first delivery with BTC in mid-April, and the recent appointment of senior management, the BTC.com Water Festival resource linkage activities, and so on.

Secondly, I became the CEO of BTC.com in February this year. I have been concentrating on researching the market and products for the past two months. It was not until recently that I started to make announcements on new product trends, which was really rare before. In the new business sketch, BTC.com upgrade space is very big, can not only realize niche technology, professional products and services, such as mineral pools, block the browser, purse, etc., can also be derived to cover a wide range of digital currency lovers of products and services, such as information, research report, portals, etc, and the future will also do the exploration of financial products.

The original team, technology, products and other advantages of accumulation, supplemented by the listed company capital, compliance experience and other resources increase, will fully promote BTC.com into the era of comprehensive upgrading.

Law Blockbeats: The interesting question is why you chose a lottery company. Will BTC.com and Bit Mining merge after that?

Meng Xiaoni:Solution first, lottery is a precursor to pit mining business group at 14 and 15 years is also the lottery industry leading enterprises, although later because the policy factors influence business temporarily stalled, but the group has been actively exploring new business, and have established a good relationship between resources in many fields, for the seeds of cooperation with BTC this year.

Moreover, Bitmining is not a "new player" in the mining circle. As early as 2018, Bitmining began to explore and develop a digital currency exchange in the blockchain field. In 2019, I went to North America to visit mines and explore the mining pool business. In the same year, under the name of Lotto Interactive Entertainment, then an affiliated company and now a subsidiary, construction began in Sichuan. Bit Mining now owns three hydroelectric mines in Sichuan by increasing its stake in the lottery. Moreover, futures and spot mining machines are being purchased continuously and in a planned way. In early April, it announced the acquisition of mining machinery maker Bee Computing, which has a 7nm chip process technology. All of these show that before announcing the transformation, Bit Mining was fully prepared for the sustainable development in the mining field, and it was implemented one by one according to the established plan, and gradually landed. Therefore, the cooperation between BTC.com and Bitmining can be said to be a strong alliance and win-win cooperation.

The second question is that there is no plan to merge the businesses of the group at the moment, but cooperation and linkage are certain. For Bit Mining Group, this is a strategic layout of the whole industrial chain, and it is also a resource moat to realize the ability of double circulation, that is, inner circulation and outer circulation. Internal circulation is to realize self-production and self-sale of self-mining, to reduce the overall operating cost to the optimal, profit maximization. The external cycle is to achieve business expansion and increase broader profitability, such as mine hosting business and BTC.com providing high-quality products and services to the whole industry.

Blockbeats: With data showing that bitcoin miners earned more than $1.5 billion in March, how has BTC.com fared in this bull market as a pool? What are the new measures of BTC.com to maintain the growth of computing power and further improve the ranking of computing power?

Meng Xiaoni:Although you ask a very sensitive topic, but can honestly say, so far this year BTC.com mine pool business profit is good. The dividend of the bull market industry is universal, but it is special for the mining pool business, which may make a lot of money or lose a lot of money, which is a great test of the platform's ability of technical stability and upgrading, market customer acquisition and comprehensive operation.

Recently, there has been a lot of attention on the topic of mine pool ranking. My personal attitude is that I will strive for it, but I think it is more important to focus on the growth and attraction ability of our own products and services, which is also the core logic of our recent research and service to be released, focusing on customer relationship differentiation and creating more value for customers.

In addition to Bit Mining's own computing power, we focus on the output of high-quality resources for miners at home, such as mines, mining machines, mining pools, brands, etc. Overseas, we focus on regional localization and customized cooperation. Overseas market development has always been my direction of expertise, which will be helpful. In addition to these, friendly product experience, flexible and simple operation, compliance with financial statistics will also be the source of our ability to attract more customers.

Boss Wang Wenguang mentioned that the future of miners lies overseas. Do you agree with him? What is the overseas presence of BTC.com?

Meng Xiaoni:Looking at the longer term, I agree. However, China's computing power advantage is still obvious at present, which will remain for a period of time. Therefore, our focus is not to completely shift to overseas, but to adjust the direction of business breakthrough to overseas, so as to gain overseas incremental computing power with the help of our overseas resource advantage.

BTC.com has been deeply engaged in the overseas market for a long time, so if you persist in one thing, you will accumulate. Secondly, Bitmining is a listed company on the New York Stock Exchange, which will also introduce more overseas resources to BTC.com. Moreover, the overseas market operation experience I have accumulated in the past project will also help us to develop overseas business.

Rhythm Blockbeats: Recently, overseas mining companies have launched the Terra Pool, which is powered by hydroelectric power. Will BTC.com have relevant cooperation plans in the future?

Meng Xiaoni:There is no doubt that clean energy is the trend in global energy use. In fact, most of the mining industry uses clean energy. As I mentioned, Bite Mining Group already has three mines with a total capacity of about 435 megawatts, all hydroelectric mines, and clean energy is already being put in; Secondly, when the time is ripe, BTC.com will also consider gradually introducing some customized services or preferential policies to encourage customers to invest more in clean energy. We also hope to participate in the improvement of global climate.

BlockBeats: Filecoin and Chia are popular new projects. Will BTC.com consider adding a pool service for these projects in the future?

Meng Xiaoni:All of these projects have been hot lately, but BTC.com doesn't offer them yet. The main reason is that our customer group is very wide, and new project education needs investment, so when facing new industry hot spots, we are more inclined to take part in the research and test first, and through continuous observation and study, we will provide supporting customer service when the project is mature and ready to be implemented. Here, take Apple for example. Many technologies are not the first to be adopted, but they are the best ones to be used. We are also committed to polishing the existing technologies and business models to a better state and then providing better services to users.

BlockBeats: Recently, BTC.com has launched a lot of new services. Could you give me a brief introduction?

Meng Xiaoni:Industry change cycles are getting shorter, for the product the response efficiency of the demand is higher and higher, we know that only constant innovation to keep up with the industry development, so in the past two months, we adjusted the short medium and long-term development plan, service logic from the brand differentiation is adjusted for customer relationship differentiation, adopt more liquidity perspective on business market change, continuous interaction, To learn a better model and adapt it to your own use, constantly changing and iterating.

In mineral pool service adjustment, we gave up the original large currency products service idea, to currency service quality, miners operation convenient, mill, mining, statistical compatible, mining service innovation "four modernizations" development, for miners and mining companies and institutions to provide more flexible mining services and financial services. On April 20, we released a new batch tool, which can be applied to Ant and Whats full range of mining machines, to help miners achieve batch configuration with one click when new batch machine configuration and dry up conversion.

On April 21, we partnered with MatrixPort to launch the industry's first cross-domain membership service, BTC.com& NBSP; X MatrixPort Super Co-branded VIP is designed to promote the construction of an industry-wide power user ecosystem. Users who get super co-branded VIP can not only receive exquisite premium MEDALS, but also enjoy super premium services for all products of the two brands.

Browser is also being revised at the same time, is expected to be able to meet with everyone in June.

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