Since mid-november, the encrypted currency, headed by bitcoin, has continued to collapse. In just over half a month, bitcoin fell by more than 30 per cent, down by more than 70 per cent compared to last year's peak。
In fact, it is normal to see a big drop in encrypted currency, but this collapse has created an unprecedented “storm” in a circle that is the mining ring of encrypted currency。
Come to cope first. How is bitcoin born
Cope
How does bitcoin dig
First, a bunch of encrypted currencies, such as bitcoin, are not stored in physical form, so certainly they are not obtained by digging! To put it simply, it's like the bitcoin system once in a while with a mathematical question, and who gets a bitcoin reward for the first thing that comes out of their equipment, and people are portraying this process as mining。
And the mining equipment is available to everyone, and even our computer's graphic cards can do it, but it's not very efficient. The people specializing in the mining of bitcoin are the bitcoin miners who buy chips or card machines dedicated to mining, allowing them to do this round the clock to obtain bitcoin。
The investment in electricity costs in this process is enormous and represents the largest cost. In order to reduce costs, miners store machines in energy-rich areas in western china and open specialized mines to dig for money. Early participation in the mining of bitcoin has been small and once high。
And as more and more people enter the industry as currency prices soar, they face competition and risk. This round of bitcoin fell and fell through the cost of mining, and it was called a “mine crash”。
So, how big are the mining-related industries today
What's the bitcoin miners going through
I've been looking at the whole chain of financial journalists, and i've been working on this superstorm
Bitcoin drops off the shut-off. Loss
A small film was recently popular in the miner's ring, and the video shows how the miner's state was in the storm. After a smile, the real thing is a little hard to laugh at。
Miners' circle hot video
Levy, a bitcoin miner, experienced the first time in a half-month of a bitcoin price collapse。
Miners, levy: these two types of machines, with 40 cents of electricity, are largely negative, and most of them are now largely shut down。
In the case of a mainstream bitcoin mine, the cost of running a bitcoin, etc., is about $26,000, and once the bitcoin price falls, the miners will have to shut down the damage。
Since late november, in addition to the newest machines on the market, bitcoin prices have hit the “off-line” price several times, while the miners who buy them at high prices may not be able to recover their costs and face choices and hardships. One of them is the top of the millennia of mines currently in his hands。
Miners: now, as long as the machine is on, it's losing money. So many miners choose to sell or stop and wait。
The “hashi rate”, representing the full-network computing power of bitcoin, fell sharply by about 30 per cent over a half-month period, with statistics showing that some 1. 3 million mainstream mining machines were shut down in the current wave of bitcoin collapse。
Shih feng said that it was often small-cost miners who were currently choosing to shut down, while some of the larger miners, because of their ability to bear the costs of short-term below shut-off prices, were taking some short-term responses, waiting for a “dynamic balance point” of the benefits of reduced computing。
Miners: if there were one million miners in the world, you'd get one in a million, but if there were half a million, you'd get more bitcoins, so it'd have a dynamic balance, and it'd be a time for endurance。
It's a power-to-power move
Some of the miners have chosen to shut down the machines, while the machines are struggling with the price of electricity. China, which concentrates on advanced mining machines and low-cost electricity, is currently one of the world's preferred locations for encrypted currency mines, with up to 70 per cent of the bitcoin computing power distributed in sichuan, yunnan, inner mongolia and xinjiang。
What is the status of these mines during this cold winter of encrypted currency? Following the financial reporters to the mines in inner mongolia
Video of the economic information network, an online video on the economics of china
A mine located in an industrial zone was found by journalists driving 60 kilometres from the inner-mongolian chartered city. The sound of a weak machine coming from outside the factory site was rarely heard. The director of the mine told the press that the hangar, which was currently out of operation, was almost halfway。
The mines standing in the chemical plant were once one of the world's most economical bitcoin mines. It was built in the summer of 2014 and covers 100 acres and can accommodate 100,000 miners, one of every four bitcoin dug in the world during the peak period。
The glory of the past was the result of higher and cheaper electricity prices in bitcoin. Public information from the government website in ordos indicates that this bitcoin mine was built in the name of a “cloud-calculated large data centre” and was thus able to benefit from a preferential electricity price of almost one-half of the normal industrial price, at one time more than two cents. Even so, the cost of electricity at this mine is still tens of millions a year。
Head of a mine in inner mongolia: previously there was a multilateral trade in electricity, and now there is no running down to approve it. The high-tech industry in countries such as big data, cloud computing and sapphires is cloud computing, and even when power is traded multilaterally, it runs low。
Local government policies at the bitcoin mine were tightened, preferential electricity prices were cancelled and the mine profits were almost cut off. Journalists went to another large mine in inner mongolia and walked into the gates, and several workers were cleaning, packing and packing some of the old mines and preparing to leave the mines. Staff told journalists that many clients had recently moved machines to lower electricity prices, while mines had shifted their sights overseas。
The price of the machine dropped by 90%
Video of the economic information network, an online video on the economics of china
The sharp decline in profits from the mining industry was also quickly channelled to the mining hardware market. The term “mine machines sells” cannot be overestimated。
Shenzhen's wah jianbei is the world's largest distribution site for mining machines, from which some 90 per cent of the world's machines are shipped. More than six months ago, the dealers in china and north, both in computer parts and in mobile phone memory, started mining machines. What is their situation now
Journalists came to the north ségé digital square in huajong and saw a mine machine shop seeking subletting. The market today is still surrounded by billboards for mining machines, but most of the shops are full of shit。
In another shop selling machines, journalists saw the owner packing a shipment of machines for delivery. He told the journalists that all of the machines were second-hand。
A number of shopkeepers have told journalists that, with the price of bitcoin falling sharply, the current price of a mainstream mine has fallen by 95 per cent, but remains unsold。
Shenzhen miner: some customers bought mine machines from me and now sell them. It was purchased over 30,000 months ago and can now only be sold between 800 and 1100 1,200。
The head of a mining machine sales company in beijing told journalists that they now sell less than one tenth of their peak in the first half of the year, and that they have collected many second-hand machines in addition to selling them。
The hive machine coo lin dragon: in december of last year, about tens of thousands were sold out, and now mainly some miners think he doesn't want to dig, sell his machine, and then we sell it for them. The customers used to buy machines, and now they come to get information, and sometimes they come to “full faith”。
In china, the mining industry of encrypted currency has formed a complete chain of industries upstream and downstream, and is now a global production machine of 90 per cent, with 70 per cent of bitcoin computing power, operating more than half of the mines and an important industrial base for a large population of practitioners。
Thermal cooling in the mining industry has also affected peripheral markets such as hardware purchases, semiconductor production and chip sealing. The financial statements released in november by the forward card supplier, inweida, indicated that the third quarter had been short of expectations and were attributable to the retreat of the encrypted currency mining boom. A number of people in the mining industry have indicated that the market is entering a period of calm and that production will be reduced。
Who's the last buyer in a virtual world
Future financial world, come in。
