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Bitcoin slumps: the North China Mining Machine Market is cooling, losing 5000 yuan per miner.

"I don't sell mine machines, I can't make this money." Shenzhen Huaqiang North Saige electronic market computer store owner told the Economic Watch newspaper that some friends asked him to buy mining machines, he helped buy a number of, that is when the mining machine is very short. Then the friend asked him to buy a few, the boss told him to wait, as a result, the price of mining machines began to decline.

Affected by the fluctuating value of the digital currency, the price of the mining machine of the digital coin is also changing rapidly. The miner shop who made a windfall from the reverse sale machine a year ago is faced with the dilemma of losing money and selling it.

Seig electronics market is located at the intersection of Shenzhen traffic trunk road, Shenzhen south middle road and Hua Qiang north road. It is a famous retail place for electronic products, including electronic components, computer machines and accessories, computer peripheral products. When offline stores were hit by e-commerce, the agglomeration effect of the Seig electronics market was still attractive, and the rise of the mining machine market in 2017 gave Saig a new reputation.

One weekend in March, reporters saw in Shenzhen Huaqiang North Saige Electronic Market that customers from mining machines had very different accents and that shop assistants in large stores could easily handle Cantonese-speaking and English-speaking customers.

For miner stores, weekends are not necessarily the most crowded time. "people from trading companies will be busier when they come in." Said the clerk at Tianyu Mining. He said this right now, around 6 p.m., a colleague in the shop just sent two foreign customers. For the three clerks in Tianyu Mining, their jobs are much easier now. After the machine market is not as expected, when there is no one in the store, you can swipe your mobile phone, play with your computer, and make a lot of noise.


A loss of 5000 yuan per unit

Mining machine shops are scattered mainly on the 4th to 6th floor of the Saige market, large shops pull out the logo "XX Mining," and small shops use fluorescent plates to mark the brand and model of the miner on sale. Although some shops do not display the miner, they just ask the boss. Most offer mining machines for sale.

"there are no spot orders issued years ago, they are all futures, and they have to be paid in full," a computer shop owner who took into account the mining machine told the Economic Watch newspaper that the ant mining machine S9 he bought before the year needed about 19000 yuan each. But now the price of ant mining machine S9 on the official website of bit mainland has fallen to 14000 yuan, to be prepared for each loss of 5000 yuan.

A number of shop owners told reporters, now sell the ant mining machine S9 booking price of about 20, 000 yuan, 14500 yuan or so, the lowest price asked by reporters is 13900 yuan. Of course, most of these stores have also tasted the benefits of selling mining machines. The owner of the Seig electronics market, Bocheng Mining Store, told the Economic Watch that in January 2018, he sold the ant mine machine for 35000 yuan each. The boss also claims to be shipping thousands of mining machines every month. "if the price has fallen so much, dare you buy it?" "dare you, don't you earn your own when you go up? It's a long-term business, and no one dares to do it in the short term. " The boss of Bocheng Mining said.

Mining machines and ordinary computer pricing strategy is very different. The price of ordinary computer is closely related to the cost of device, but the mining machine used to excavate digital currency, the cost of raw material and the calculation power are the reference factors of price, and the value of digital currency dug out is the most important influencing factor. Assuming that a miner can dig up 0.01 digital coins during its lifetime, the price of a miner can almost be determined if it is traded for 50, 000 yuan or 10, 000 yuan.

The value of digital coins is still very volatile. Take Bitcoin, which has the highest market capitalisation, a roller coaster that experienced several surges, plummeting and bouncing back in 2017, with monthly gains falling as much as 30 percent. But after 2017, Bitcoin's overall currency grew, rising more than 1700 percent for the whole year, less than $800, and up to $15000 by the end of the year.

Bitcoin suffered another wave of waterfall on March 15 after a slight rebound in Bitcoin prices close to $10,000 just about the end of the hacker storm. The global average price of Bitcoin fell below $8000 on March 15, or nearly 15 percent in 24 hours, according to INVESTING prices. Inquiry found that March 16 afternoon, Bitcoin quoted 51900 yuan, the lowest price fell to 49259 yuan.

According to a store owner at Seger Electronics Market, Bitcoin has been around for a long time, but the mining machine market caught fire in June 2017, September was not as expected, the October recovery, November began to fire again, and after the Lunar New year, did not meet expectations.

After a year of plummeting prices, some store owners with mining machines have become less calm. When a reporter from the Economic Watch newspaper visited the electronic market in Seger, he was told by a clerk who was soliciting guests in the aisle whether to buy a computer. When he learned that the reporter wanted to know about the mining machine, the clerk took the reporter to the store, and the shop did not display the mining machine. The boss said, "how many do you want?" What is the acceptable price? " Before the reporter's exact answer, the boss began to call and say someone wanted to buy a miner. At the end of the day, the reporter left at an inappropriate price, and when he left the store, the clerk tried to retain: "how much do you want?" I'll talk to the boss for you. "

There are also some mining machine stores stick to the battlefield. A male customer with a Hong Kong accent came to Tianyu to inquire about the price of the ant miner S9 and wanted to buy some to send it to Hong Kong. The clerk told him that the shop did not answer the list for less than 50 units.


The discovery of "Bethel."

"there are a lot of new faces on the side of Seig, some of them used to be APP software, they sell accessories, they sell mining machines." A shop owner told reporters. According to the reporter's visit, Bocheng Mining's shop in Saige opened in September 2017 and Tianyu's shop in Seger, both of which mainly sold mining machines, opened in December 2017. And some of the main sales of ordinary computers or computer spare parts stores see the mining machine business is good, even if the price is elusive, will also buy some ready, in the absence of mining machines, as long as there are machines in the store, the basic is expected to sell. "the currency has changed so much that customers can buy cash instead of futures." Said the shop owner. Now the bit mainland official website on some models of mining machines still have to delay delivery.

In the Sieger electronic market, professional mining machinery, the best sales situation is the ant mine machine. "the ant miner S9 is relatively stable." According to the clerk of Tianyu Mining Company, the ant mining machine S9 is specially used to dig bitcoin, and the calculation power is up to 13T. According to two shops, excavating Taifang does not need to buy professional mining machines, self-purchase accessories assembly also can. However, a clerk at a shop in the Saige Electronic Market told the Economic Watch newspaper that the mining of Yitaifang now also requires professional mining machines. Her company began its own research and development last year to produce mining machines from Itai Fong. The company has opened its store in the Seger electronics market for less than a month.

Among the domestic miner producers, Beitland is the well-deserved big brother, its mining machine variety, adapt to excavate more than one currency and popular. In mining bitcoin, the ant miner S9 and the Shenma miner M3 are the two main mining machines, among which the ant miner S9 has a large computational power, low power consumption and relatively stable power, but the Shenma miner M3 is cheaper, and it is in the Seger electronic market. Stores prefer to recommend the ant miner S9 to customers who need to mine bitcoin. In the aspect of excavating Lyte currency, L3 of ant miner occupies a large market share in Beit continent, and there is ant miner D3 in Bitland in the aspect of excavating Da Shi currency. In the aspect of mining Yitaifang, most customers tend to buy graphics cards and other accessories for self-assembly, while bit mainland introduced G2 graphics card mining machine, which can be used to excavate Yi Tai Fang.

The huge sales of mining machines have attracted a lot of attention from Bidcontinent, which was founded in 2013. Foreign media have reported that the company's operating profit in 2017 was $30 to $4 billion, which is comparable to that of chipmaker Yingda. The claim was later denied by Bigcontinent co-founder James Jen, who said revenues in 2017 were about $2.5 billion (15.9 billion yuan).

In addition to the Cabit continent, Jiananyunzhi and Yibang Technologies are considered to be the other two giants of the miner manufacturer, Garnanyunzhi produces Avalon miner, and Yibang Technologies produces pterbit miner. Founded in 2013, Jiananyunzhi said on its official website that "the annual output value of 2016 is 300 million, the value of profits and taxes is 90 million in 2016, the output value of 2017 is 1.2 billion, the value of profits and taxes is 300 million, the target value of output is 3 billion in 2018, and the value of profits and taxes is 1 billion."

In the first half of 2017, operating income was nearly two hundred and thirty nine million nine hundred and ninety nine thousand nine hundred and ninety nine yuan, a fourfold increase from the same period last year. In its 2017 semi-annual report, Yibang Science and Technology wrote that "based on the advantages of communication equipment manufacturing and chip development, the company's independent block-chain computing equipment has made a major breakthrough, and has been on the market since the end of 2016. "the number of customers and orders has increased rapidly, the market has outpaced demand, and sales revenues in 2017 have increased significantly."


Exponential growth of computational powe

Dig money originally only exists in the small circle of things in the IT, the value of digital coins in 2017, it seems to pave the way to wealth, for a time, understand technology, do not understand technology, and plunged into the end.

An assistant who sells mining machines told the Economic Watch newspaper that she had been in touch with the coin since three or four years ago. "at that time, the machine was still small, digging money at home, a month's electricity bill will be more than 1,000 yuan." The clerk said that he did not understand the operation, is the husband is digging.

For laymen, how to find a place enough to lay down multiple machines and how to lay down power lines is a headache for lay-offs, and the cost of electricity is very high if the electricity in the area is more expensive. As soon as the machine begins to work, take the power of the ant miner S9, the wall power consumption is more than 1300 W. According to a clerk who specialises in the sale of mining machines in Taifang, the power of one of the mining machines sold in the shop is 1350W.

In the Sieger electronic market, a number of stores provide mining machine hosting scheme. According to a shop clerk, they have mines in the north that can accommodate tens of thousands of mining machines, the company does not charge trusteeship fees, the electricity charge per kilowatt-hour is 6.5 cents, it is expected to host an ant mining machine S9 a month's electricity bill needs 680 yuan. Another shop clerk said that they have more than a dozen mines in Sichuan, each of which can store tens of thousands of mining machines. At present, the machine owner is in charge of the mining machine. In addition to bearing the electricity cost of the mining machine, each graphics card mining machine has a monthly management fee of 70 yuan. Each ant miner charges 30 yuan per month. The owner of another store said they had laid mines in Zambia, in addition to mines in the country.

In addition to singles, miners can also assemble on-line platforms to dig coins in the mines. As the number of diggers has grown, bitcoin's computing power has grown exponentially across the network, making it difficult to dig up coins with low or small amounts of equipment. So there is a platform to build the pond, through which the miners dig money, and as long as they dig, the miners in the pool can be divided by their contribution to the pond.

At present, ant pond has been able to participate in the excavation of Bitcoin, Lettercoin, Taifang and other digital currencies, ant pond official website shows the number of effective miners close to 40,000. Economic Watch reporter joined an ant mine QQ group, a large group of more than 1600 people, can browse 99 messages an hour, the atmosphere is quite active.

Bit mainland also provides arithmetic nesting services, do not need to buy mining machines, direct purchase of arithmetic. "Cloud mining, calculation is to buy and dig, no need to wait, from now on to get rid of noise, electricity, maintenance of trouble;" "stable and reliable, global nodes, specialized deployment, 99.9% fault-free assurance, detailed financial statements, clear revenue and expenditure"; "with flexible investment, at least one gigabyte of computational power can experience mining, innovative trading methods, and free transfer of computing power," the official website of Beit mainland said in its official website, Calculus Nest.

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