|submitted by kloeppli to procshe [link] [comments]|
|submitted by BitcoinAllBot to BitcoinAll [link] [comments]|
[email protected] I gotta say, looks really bad legally how Austin Hill's been negotiating deals w/ pools/etc. to get control of hashing power.
https://techcrunch.com/2017/11/11/alibaba-smashes-its-singles-day-record/List of Chinese cities with economies the size of nations:
Alibaba smashes its Single’s Day record once again as sales cross $25 billion
Alibaba Earns Record-Breaking ¥10 Billion in 3 Minutes for Singles Day
Gaining perspective on China’s monstrous economy isn’t always the easiest thing to do.Rank Chinese City City GDP (2015, PPP, in billions) Comparable Country
With 1.4 billion people and the third-largest geographical area, the country is a vast place to begin with. Add in explosive economic growth, a market-oriented but Communist government, a longstanding and complex cultural history, and self-inflicted demographic challenges – and understanding China can be even more of a puzzle.
City by City
To truly grasp the emergence of China, one approach is to look at the impressive economic footprint made by the country’s cities.
Of course, cities like Shanghai, Beijing, and Hong Kong are the metro economic powerhouses that most people are familiar with. But have you heard of cities like Shijiazhuang, Wuxi, Changsha, Suzhou, Ningbo, Foshan, or Yantai?
There are literally dozens of Chinese cities that most people in Western countries have never heard of – yet they each hold millions of people and have an economic output comparable to nations.
Here’s a list of 35 of them, the size of their local economy, and a comparably sized national economy:
submitted by smathium to u/smathium [link] [comments]
Program name : BTC Brothers Tour the World
It says, starting from coming 23th of this month, China cryptocurrency media Chainertime
and Blockdaily will launch BTC Brothers Tour the World.
This program is all about a Korean and a Chinese traveling all over the China which is like Dalian, Harbin, Changchun by using the Bitcoin.
They have to pay with Bitcoin for their restaurant, accommodations, transportation including the necessities of life.
Starting from their first step to China, they have to find a store which can accept Bitcoin and should be alert with the market price and sometimes have to face a situation that the charge is even higher than the price.
BTC Brothers Tour the World will be broadcast on the 23rd. It will be on live from Inke(China famous internet broadcasting site)
for more info ↓
Original Article : https://www.blockdaily.com/2018/10/18/2547/?utm_source=telegram&fbclid=IwAR2kP6XjZ_V_rDp8gl_TZh2CsKlA-ehjmjiHR-aa569D3cvgQxLHWoNpjAM
submitted by BitccExchange to u/BitccExchange [link] [comments]
From the deep mountains of Sichuan to the electronic market of Shenzhen Huaqiang North, the Bitcoin mining industry is experiencing a fierce “Battle Royale”.
The small mine owner decided to sell the mine and return to the city to live a normal life.
In the past, the mining machine stalls were very busy in the electronics market, and now the door is deserted.
Those who do the infrastructure business of the mines are beginning to miss the era of never-ending prices.
But that era seems to be drifting away. It is a cold reality to greet them - winter, really come.
Some practitioners believe that in the face of the cold winter, small and medium-sized miners will be out before the end of this year, and the future is the world of giants.
In other words, the mining industry is about to usher in an era when capital is king.
01 Winter is coming
"I am going to sell two mines." Luo Jun told a blockchain reporter.
In the deep mountains of Dalian Liangshan, he has three mines. They are small in size and add up to tens of thousands of machines, most of which are customer-hosted.
"Two mines, excluding machines, I quoted 600,000, and some customers said 400,000, I did not sell." Luo Jun said, "the cost is still 460,000."
After two years in the mountains, he earned a sum of money. Next, he plans to change the industry and live a normal life.
The direct cause of his change is the coming of the blockchain winter.
He found that the business of the mine this year was much harder than last year. "The gross profit margin has dropped by 40%~50%, and the net profit has dropped by 30%. And the return cycle is getting longer and longer, and the risk is getting higher and higher."
In the past, he experienced two moments of special fear, one was “9·4”, and the other was after the rumors of the government’s investigation of the mine. At that time, he couldn't sleep for almost all night, and he was anxious.
But at that time, the income was still considerable, and he did not give up. Now, he can't keep going.
"The mining site was originally a high-risk and high-yield coexistence. Now that high-yield is gone, there is only a high risk." Luo Jun said.
In addition to these, there are still many reasons for his determination to change careers.
One of them is the issue of life safety - working in the mountains, going out for a dozen hours to drive a car, but also mud roads. Only this summer, he encountered three landslides.
"I am afraid that I will die on the road one day." Luo Jun said.
The local law and order problem also made him feel insecure. There have been many incidents of theft of mining machines around him.
Another reason for him to change career is family and girlfriend.
When he first started mining, he was strongly opposed by his family. Parents told him: "No money, Bitcoin is a pyramid scheme."
Some irony is, "I later made money, they will not oppose it." Luo Jun said. But away from parents, he will often worry about their bodies.
Because of the mine, the girlfriend broke up with him.
"She feels that I am not reliable, or that she does not understand this industry." Luo Jun told a blockchain reporter.
After the mine is opened, he either chats with the customer every day, or goes to the mountains to handle the affairs. Most of the time he is on the phone or driving, and rarely spends time with her.
"I don't know how to communicate with her, I can only tell her that this thing makes money, but let me speak very thoroughly, I can't do it." Luo Jun said.
What to do after the transfer, Luo Jun is still considering. He wants to open a chain supermarket or a hotel in Chengdu. Leaving the wilderness and returning to the crowd will give him peace of mind.
In Shenzhen Huaqiang North, which is more than 1,700 kilometers away from Liangshan, the merchants selling mineral machines are also undergoing a major evacuation.
Bitcoin skyrocketed in 2017, and the mining business of Huaqiang North has also become popular. One of the most famous electronic markets is SEG, which is known as "the world's largest distribution center for mining machines." Here, many mining companies have opened an image store, and there is a saying in the industry: "Buy a mining machine, go to SEG."
“At the most, there are more than 180 counters selling petrol machines here.” Xiao Wu told a blockchain reporter.
She went to work here and witnessed the closure of a home mining machine sales stall and the market's dying.
"Now the stalls of SEG's selling miners are no longer, very deserted." Xiao Wu said that especially in the past few months, many small mining machine sellers could not hold back and gradually withdrew.
The fate of the Huaqiang North mining machine market is the epitome of the entire mining industry.
Over the years, the digital currency circle has formed an industrial chain. It is complete and precise, and it has almost everything. In a sense, every ring on the chain is glory and loses.
As of November 2, 2018, the total market value of global digital currencies was $20.56 billion, which was 75.2% lower than the highest point at the beginning of the year. Under the nest, there is an egg.
Now, Chen Xiaowu’s days are not good. What he did was the infrastructure business of the mine.
The capital cost of the mine is calculated according to the number of aircraft, and the construction cost of one aircraft is 500 yuan. “In the past, customers came to us to find us. Now we have to go to the customer ourselves.” He said.
He feels that Bitcoin's market determines everything. Now Bitcoin is only over $6,400, which is more than 60% from the peak of $20,000 last year.
“The miners of the miners really came, especially those small and medium miners,” he said.
02 Small and medium-sized mine owners can't escape
"The exit of small and medium-sized mine owners is a historical necessity." Well-known miner Wu, a well-known miner in the circle, told a blockchain reporter. "This step will basically be completed before the end of this year."
In Lao Wu's view, small mines with thousands and tens of thousands of machines can't escape the fate of being out.
“The big miners who survive will put the computing power up and the whole market will further shuffle.” Lao Wu said, “Digging the mining industry will enter a giant era in which capital is king.”
Several major mining machine suppliers around him are considering using the cost advantage of mining machines to switch to mining. In order to compete with the big mines behind these miner suppliers, small mines must follow the lifting power and iterate the machine.
"Because the core business model of mining is the cost of purchasing electricity and unit computing power," said Wu.
If the iterative mining machine is not updated, the unit's electricity bill has exceeded the value of the bitcoin that was dug, and is destined to lose money.
Take a mine with 10,000 machines as an example. An S9 mining machine should use 40 kWh a day. If the price of electricity is 0.4 yuan, it is 16 yuan. The electricity bill for 10,000 machines is 160,000 yuan a day, and 4.8 million yuan a month is calculated at the current bitcoin price. This is equivalent to nearly 110 bitcoins.
And this 10,000 machines can only dig more than 130 bitcoins a month. Deducting the operating costs of the mine, even the money to buy the machine can not earn back.
Lao Wu said that there have been some cases where personal funds alone, or mines invested by an institution alone can not continue.
Only by holding enough funds can you spend this winter. The era of giants is coming soon.
At very moments, the behavior patterns of many mines are changing.
In the past, many mines would have to pay for coins. The miners would rather save money and have more debts. They must also keep their bitcoins in their hands, and one would not be willing to sell them.
But now, many mines are selling coins. Because no one knows whether the price of coins will continue to fall all the way.
During the winter season, the price war between various mines has also become more intense.
"The price of electricity has been getting lower and lower recently. It used to be more than 4 hairs. Now there are 3 hairs and 6s." Miner Wu Di told a blockchain reporter that the mining machine hosting is a red sea.
Mines in different regions and different scales have different electricity prices. Once the price war starts, the profit margin is bound to be further compressed, and the mines with high prices will be the first to go out.
If the mine wants to survive, it will not only need sufficient funds, but also a firm belief.
03 Tokenization of computing power
Lao Wu believes that in the future, only three types of mines can survive.
The first type is backed by mining machine manufacturers, such as Bitland. In the bear market, they can get the mining machine at the lowest cost, and the advantage is unique.
In the second category, the gold master is gray funds.
"Gray funds refer to funds that want to leave the country. If the money does not go out, some people will choose to go out through mining." Lao Wu said.
These funds are often not worth the rate of return. In the bear market, the fund side would rather lose some money; when the bull market is in place, it may still earn several times.
"If you say that the static income you measured is a 10-month return, after this period of time, even if you can't return all of them, at least the funds are going out." Lao Wu told a blockchain reporter.
The third category is the mine that uses the innovative model to mine.
Traditional mining requires individuals to purchase mining machines, find cheap electric power locations, and build mines; or hand over mining machines to small and medium-sized mines for custody, users pay for electricity, maintenance and subsequent management fees.
The emerging mine of Laowu is already adopting the cloud mining model of computing lease. Users no longer have to consider the price of electricity, the site selection of the mine, etc., through the APP, you can directly rent the bitcoin mining machine computing power.
“We have 14 large mines around the world, and the degree of cost control of power and mining machines, as well as the scale and standardization of mines, are very high,” said Wu.
In this mode, the coin that is dug is divided equally between the user and the mine. The user's mining revenue is directly distributed to the individual account and is free to withdraw.
In addition to the rental power, his mine also issued a calculation currency, the public chain is tied with bitcoin computing power.
"Equivalent to the tokenization of the computing power, and the platform currency model has similarities." Lao Wu said.
He believes that in this way, the mine will digitalize its own assets and solve the liquidity problem of the computing assets in the secondary market.
“The true test of us is the ability to scale and cost control,” he said.
The hustle and bustle of the Spring and Autumn Period and the Warring States gradually became silent.
After this round of reshuffle, the world of blockchain will surely usher in an era of more concentrated bitcoin computing power.
It now appears that the decentralized world will increasingly resemble a utopia that is difficult to achieve.
The general trend of the world, the long-term must be combined, the long-term must be divided. Will the world of blockchain be the same?
Author: Believer of Dogecoin
Source: BIT.CC Cointalk Community
The copyright of Cointalk is owned by the author. For any form of reprint, please contact the author for authorization and indicate the source.
Bitcoin Mining in Dalian / China. Eine weitere große Miningfarm in China befindet sich in Dalian. Sie wurde 2016 gegründet und hatte bereits Ende 2017 eine Hashleistung von 360 Petahash. Die Anlage konnte ihren Hashanteil am gesamten Bitcoinnetzwerk halten und liefert auch heute noch über 3 % der gesamten Hashrate. DALIAN ENERGAS GAS-SYSTEM Profil - hier finden Sie alle Informationen über DALIAN ENERGAS GAS-SYSTEM wie z.B. Management, Profil, Aktionärsstruktur und Bilanzdaten. In der chinesischen Stadt Dalian hoch in den Bergen stehen die größten Bitcoin-Mining-Anlagen. Dort haben Unternehmen riesige Serverfarmen angelegt. Das Mining beschreibt einen Prozess, bei dem durch kombinierte Rechenleistung in Mining-Pools User Bitcoins „schürfen“. Als Belohnung für die eingebrachte Rechenleistung werden Bitcoins ausgezahlt. Die Bitcoin-Anzahl ist auf 21 Millionen ... 1. Dalian Mining Farm. The Dalian Mining Farm, located in Dalian, China, is one of the largest mining farms, with a hash rate of 360,000 TH that results in roughly 750 BTC mined every month. It is one of the biggest cryptocurrency mining hubs in China. Dalian, China The mining farm which is based in this Asian city sees approximately 750 BTC mined every month and has a massive hash rate of 360000 TH which makes up 3% of the entire Bitcoin network. Mining in China has been made fairly popular owing to ASIC miners which are produced in the country – making the equipment cheaper and also much, much more convenient in terms of delivery.
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