Bitcoin staged a roller coaster market, the regulatory winds tightened, mining “small retailersâ€, small mine owners left, large mine owners added yards to return, and some moved overseas.
“We will still choose to move overseas, but which country or region has not yet been determined.†Senior mine owner Xiao Jiu (a pseudonym) said, “This has become a trend. The mines with a slightly larger domestic scale are more or less The land is considering this issue."
At the beginning of January 2018, the leading group of the Internet Financial Risk Special Rehabilitation Office issued a document to rectify the news of the illegal mines. Previously, there was a rumor in the market that "the central bank held a closed-door meeting and asked to shut down the Bitcoin mine for a limited time." Although it was later confirmed to be false news, it has already made the practitioners intend.
According to media reports, at the Davos Forum on January 23, Fang Xinghai, vice chairman of the China Securities Regulatory Commission, said that China would strengthen control over Bitcoin.
What impact will it have on the operators of Bitcoin mines under the circumstance of regulatory turmoil? What are their plans?
“The industry may form a diversion.†The old Z analyst of the mining machine said that “there will be a small mine owner gradually disappearing in the future, and the bitcoin industry will be divided by the big mine owners.â€
Some mine personnel have already started the “going out to sea†plan.
Small miners sell minersThe risk increases, "Forget it, don't dream"
On January 20th, after thinking for a long time, Lao Wu finally decided to sell the two mining machines in his hand.
"No one knows what kind of policy decisions will be made in the next step. The big miners still don't care. For us, 'self-employed people', it is difficult to dig coins themselves, and now the risks are gradually increasing." Lao Wu said helplessly, " Forget it, don't dream."
In November 2017, as the price of Bitcoin in the domestic market soared, the “mining†army became increasingly large. Lao Wu is one of the entrants.
As early as 2014, Lao Wu began to get involved in Bitcoin. At that time, his channel for acquiring bitcoin was only purchased from the market. But the soaring price of bitcoin and the rush of mining have made Lao Wu unable to sit still. In mid-November last year, he spent $40,000 to purchase two mining machines and began to dig up mines.
During that time, Lao Wu exchanged mine experience and market prices with the mine friends every day in the group, and recorded how many bitcoins he dug himself every day. "At that time, there were thousands of messages in the 500-person exchange group. Everyone was doing their own bitcoin dream." Lao Wu said.
To his surprise, three months later, in January 2018, a message left him unfinished and his dreams were shattered.
According to media reports, on January 2, the Leading Group for the Internet Financial Risk Special Rehabilitation Office issued a document requesting all localities to guide enterprises within their jurisdiction to withdraw from the “mining†business in an orderly manner and regularly report the progress of the work. It is also reported that Erdos (10.850, -0.13, -1.18%) City Internet Financial Risk Special Rehabilitation Leading Group issued the "Notice on Guiding the Orderly Withdrawal of Virtual Currency "Drilling" Enterprises in Our District".
"Although these requirements should be directed at large mines everywhere, but also the 'self-employed' and small mine owners with a small number of mining machines have sounded the alarm." Lao Wu believes that "now 'self-employed' re-mining, It is not meaningful."
Lao Wu found that mining was not as easy as he thought. The two mining machines are running 24 hours a day, and have not been able to dig up a bitcoin.
Lao Wu calculated the account: The power of the mining machine he used was 1,350 watts. According to the 24 hours of operation per day, he could dig out 0.0018 bitcoins, and the time to successfully dig a bitcoin was about 556 days. According to the power of 1000 watts per hour, the power consumption of the mining machine is 32.4 degrees per day. The daily electricity cost is about 16.8 yuan, and the cost of successfully digging a bitcoin is about 9367 yuan.
"This is just the electricity bill. You have to ensure that the graphics card installed in the mine machine does not malfunction, otherwise the cost will increase." Lao Wu said that the electricity bill occupies 70% of the cost in mining, and the other 30% comes from mining machine loss and manpower. Cost, etc. According to this calculation, the cost of successfully dug a bitcoin is about 13,000 yuan.
According to the quote of Coinbase on January 24, the price of each bitcoin is still above 70,000 yuan. According to Bloomberg New Energy Finance, miners can still make money even if bitcoin prices fall to $6,025 in the future.
"The mining is definitely still a huge profit margin, but the small households may gradually leave the scene." Lao Wu said.
During the investigation, the reporter found that individual miners and small mine owners with a small number of mining machines usually choose to trade the first time after digging out the coins. However, due to fluctuations in the price of the currency, the price fluctuates greatly. At the same time, the rare amount of mining machines leads to excessively long time, which may also be affected by the policies at that time.
"buy" and "sell" hotNew mining machine needs to be booked VS old mining machine sold off
On January 20th, the Beijing News reporter found on a number of second-hand platforms that the number of transactions on bitcoin mining machines, motherboards and graphics cards increased in recent days. In the QQ group and the WeChat group of Bitcoin players, from time to time, someone pops up a message saying "I'm going to mine, I want to talk privately."
In the well-known second-hand mining machine trading website "Caiyun Bit", the reporter found that the main mining model on the market was now sold by many sellers on the second-hand platform.
"Out of 25 sets of S7, 4800 yuan each, the speed required to contact." A Liaoning Anshan seller posted a transaction post. This ant S7 mining machine, when mining hot in 2017, the second-hand price is 5000-8000 yuan, which is considered by many players as a mining artifact. However, some buyers replied in the message below, "Now you are too expensive, it is not good, 2000 can contact."
The reporter saw a lot of information on the website selling self-use S7, and the number of sales was in the dozens.
Industry insiders told reporters that mining machine chips are the core factor in determining the quality of mining machines, and foreign mining machine manufacturers have been unable to compete with domestic mining machinery companies. Ant mining machines have long been the most popular and the most difficult to buy in the market.
The technical director of Litecoin Cash Technology said that the ex-factory price of the ant mining machine S9 is around 16,000 yuan. Since it is difficult to book, the second-hand price on the market has risen to about 28,000 yuan. Mainstream mining machines like ants and Avalon are currently in short supply. “The miners need to pay the mining machine fee three months in advance to get the miner at the normal price. If you want to get the spot, you can only pay twice the price.â€
However, the reporter found that this mining machine appeared many times in the second-hand trading platform, and the price ranged from 24,000 yuan to 30,000 yuan.
"Many small mine owners are willing to take the opportunity to leave when they are considering the risk." Lao Wu explained.
The emergence of a large number of second-hand mining machines has led to a decline in the price of the trading market. Many mine owners have removed the graphics card, motherboard and other accessories and sold them separately.
In a few Bitcoin QQ groups, the reporter found that in addition to the transfer of mining machines by netizens, there were news of selling motherboards and graphics cards. As a "hardware seller", the reporter contacted a netizen who sold the video card "kiki". According to the introduction, there were 20 graphics cards in his hand, which were all removed from the mining machine that had been used for more than a month. The transfer can be packaged at a price below 20% of the market price.
"There are too many second-hand graphics cards and motherboards on the market, and they are basically mine cards." A computer hardware seller said, "Many small mine owners choose to split and sell back and forth in the case of not selling the mining machine. â€
On January 21st, when the reporter searched for the "main board mine" and "graphic card mine" on the second-hand platform "free fish", it could pop up a lot of sellers who sell mining graphics cards and motherboards.
Computer business to sell minersSmall customers are beginning to disappear, big customers continue to increase
The old Z's mobile phone shook, and an old customer sent him a message: "There are two more mining machines, or the old configuration."
The so-called old configuration is a mining machine with six 1070 graphics cards and a price of 40,000 yuan. Due to the excellent computing power, many old customers will choose when they purchase.
“This customer has bought more than 10 mining machines here.†Old Z arranged to arrange the assembly of the goods and explained to the reporter: “Normally small mine owners will not buy too many mining machines in the first place. Most of them are It is to buy one or two test results first, and then see the real benefits, and then continue to add."
In March 2017, the old Z, who is engaged in computer hardware sales, found that many of his peers began to transform and sell mining machines. As soon as I found out, with the skyrocketing price of Bitcoin, more and more people began to purchase mining machines and engaged in the life of miners who “dig coins†at home. What makes him heart-warming is that in today's computer hardware sales market, the competition is fierce and the profit is thinner. The mining machine has a huge potential market, and the profit is relatively high.
Old Z introduced that today, a computer with a mainstream configuration of 3000~5000 yuan has a profit of only two or three hundred yuan. And a 20,000 yuan mining machine, the profit is at least 1,000 yuan.
Soon, the old Z began to publicize the "mine mining sales" on the platform of customers such as WeChat group and QQ group. He set the price of the mining machine he assembled and sold at between 20,000 and 40,000 yuan. "In fact, there is no technical difficulty in assembling the mining machine. The biggest factor in determining the power of the mining machine is the graphics card." The old Z said that he will use the configuration of the mining machine with a price of 40,000 yuan to be a relatively high-end 1070 graphics card.
The so-called computing power refers to the mining speed, which is the ability to dig bitcoin. The higher the computing power, the more bitcoin is dug and the higher the return. "The power of this configuration can reach 270 ~ 280 megabytes. According to the current market price of Bitcoin, after deducting the electricity bill, the daily mining revenue is about 200 yuan of net profit." Old Z said.
In January 2018, the news of the closure of the mine came out. Old Z found that many of his customers had gradually disappeared. Even many customers who had purchased the mining machine tentatively asked him if he could recycle the mining machine.
The market has changed? Old Z was once ready to stop mining machine sales and return the business core to computer hardware. But he soon discovered that there are still a lot of big customers who seem to have no influence, but instead buy additional mining machines.
"The impact of the policy on the practitioners is certainly there, but it is not as big as imagined. It is still the size of the mine owner." The old Z analysis said, "the pressure of small mine owners with only 1 or 2 mining machines on hand is definitely large; However, mine owners with more than 20 mining machines have not been affected much."
Old Z explained that mining mines with a certain size are not affected because the mine owners have already earned back the cost of the mining machine before the policy was released. On the one hand, the currency is on the sidelines, and on the other hand, it is also trying to trade in overseas markets.
“The current business has not been greatly affected.†Old Z said, “Many big mine owners are still making additional purchases recently. Even many people have spotted this opportunity to buy ore from the secondary market at a lower price. Machine, continue mining."
The big mine owner left the field and returnedInvest a hundred million, earning more than 30 million yuan every month
Xiao Jiu (a pseudonym), who once cashed in in 2013, re-started the "mine" business last year.
As a senior domestic mine owner, Xiao Jiu began to get involved in the bitcoin industry in 2009.
"At that time, an ordinary machine could dig more than 10 bitcoins every day. But the price is very low, and you can buy more than 30 bitcoins for 1 cent." Xiao Jiu said, let him find that the great prospect is that From September to October 2009, bitcoin prices skyrocketed, and even the highest increase could reach 700% a day. At that time, Xiaojiu and the team holding 100,000 bitcoins, the "accident" earned the first 10 million yuan.
What really makes him profitable is the R&D and sales of mining machines.
During that time, Xiaojiu and the team members took the first 10 million yuan and took out 6 million yuan to develop the chip hardware. After half a year, in March 2010, he successfully designed a machine for digging bitcoin.
In May 2010, Xiaojiu team began to sell mining machines at the same time as mining. “At that time, each unit cost more than 10,000 yuan, and the price was around 300,000 yuan. Each sales member can make a commission of 100,000 yuan. Selling crazy."
The huge profit of the mining machine makes the monthly profit of the Xiaojiu team of each time reach 10 million yuan, and it can be accounted for 300,000 yuan every day. "At the time, a total of two or three hundred million yuan was earned. The team of more than 30 people, each core member can be divided into two or three million yuan."
The crisis is coming soon.
At the end of 2012, Xiaojiu decided to develop the second-generation mining machine, but he soon discovered that there were several mining machine R&D teams from the United States entering the market, and the efficiency of the mining machine designed by himself was 15 million yuan. /20.
"I decided not to do it at the time." Xiao Jiu said.
Desperate Xiaojiu, in May 2013, returned to the hardware industry with more than 30 million cash withdrawals.
After leaving the market, Xiaojiu had been involved in the Taiyuan market in 2014, and even built the Ethereum Mine, but Bitcoin has never been touched.
The transfer is from 2017. A friend of technology has developed a software that can remotely monitor the operation of 5,000 miners at the same time. Xiao Jiu, decided to gamble.
At the beginning of June 2017, he decided to sweep all the graphics cards of an e-commerce platform in China. "At the time, I scanned 13,000 graphics cards." Not only that, but he also scanned 15,000 graphics cards in other channels. In the 20-day period, it invested nearly 100 million yuan and deployed 4,000 mining machines to build the Bitcoin mine.
Xiaojiu used all of the 28,000 graphics cards for mining, but at the same time he found that the decline in the number of graphics cards in the market caused the price of video cards to soar. After a short period of consideration, he decided to sell some of the graphics cards.
"At that time, the pressure of 100 million yuan was too great, so I decided to mine the video card while mining, and quickly returned to it." During that time, the mine brought about 30 million yuan in return every month. "We initially thought that we would use 6 months and 11 days to go back and forth, but the price of Bitcoin rose too fast. It took only 2 months and 17 days to successfully return more than 70 million yuan."
"Now the mine owners are divided into three categories." Xiaojiu said that the impact of this policy will inevitably have a certain impact on the first two categories, but the third category will retreat.
He explained that there are three types of digging coins: the small mine owners holding one or twenty or even two hundred mining machines in their hands are simply mining and digging how much to throw. The second level is the mine owner with 500 to 1000 mining machines in hand. At this level, people will choose whether to store bitcoin or sell it immediately.
Xiao Jiu told reporters that 2017 is the outbreak of the Bitcoin national craze, and in May 2017 it was the watershed of the industry. Previously, there were few retail investors in the industry, but as the price of coins soared, retail investors gradually increased. More importantly, fund companies from regions such as Singapore and Germany have begun to intervene to allow Bitcoin to trade in the futures market.
“The third level is usually the mine owner with thousands of units or even tens of thousands of mining machines. These mine owners usually start to appear in 2017, and at the same time they are involved in bitcoin-derived derivatives. Futures. This type of group usually has coins in hand, but generally does not throw it. At the same time, in order to prevent the price of coins from falling, it is often hedged in the capital market to avoid risks and obtain greater benefits."
Bitcoin strengthens regulation?Some bitcoin mines "go to the sea"
Beginning in October 2017, the price of tokens soared. Bitcoin prices rose more than 13 times during the year, and a bitcoin exceeded 100,000 yuan. The dream of riches has flooded countless people. At the end of December, the price of Bitcoin was fine-tuned and gradually adjusted to around 70,000 yuan.
In an interview with the Beijing News, the leader of the Leipzig pool, Jiang Zhuoer, believed that the bitcoin rose, the fundamental reason is that the number of Bitcoin users is increasing, especially after Japan legalizes bitcoin payment. The tense international political and economic situation has also caused safe-haven funds to flow into Bitcoin.
Jiang Zhuoer said that Bitcoin is suitable for long-term investment. For individual investors, at least 5 years must be guaranteed and Bitcoin should be stored in their wallet. The biggest risk is that after buying, it is washed out by a certain bit of bitcoin bear market.
CSDN founder Jiang Tao believes that bitcoin is the anchor of digital currency. Compared with gold and French currency, bitcoin is driven by algorithm and the quantity is determined. With the development of digital currency market, the price will continue to rise, in addition to the number Market expectations are pushing up the price of Bitcoin.
But there are also big names who oppose the value of Bitcoin. The best known is Buffett.
Buffett publicly evaluated Bitcoin in December 2017. He described Bitcoin as a "real bubble." "You can't give Bitcoin a valuation because it's not an asset that can create value." Back in 2014, he It is calling on investors to stay away from Bitcoin. Buffett said that this is a mirage.
Morgan Chase CEO Dimon has said that he will "spread out every minute" of any JP Morgan Chase trader who is trading Bitcoin and give two reasons: "One is against our rules, and they are stupid."
Lawyer Xiao Wei of Dacheng Law Firm believes that the Central Bank, the Ministry of Industry and Information Technology, the China Banking Regulatory Commission, the China Securities Regulatory Commission and the China Insurance Regulatory Commission issued the Notice on the Prevention of Bitcoin Risk in December 2013. In the notice, the properties of Bitcoin were described. : There is no centralized issuer, the total amount is limited, the use is not geographically restricted, and anonymity. In nature, bitcoin is legally positioned: specific virtual goods.
According to media reports, in recent days, Xinjiang and Inner Mongolia have issued restrictions on increasing the price of bitcoin mines. Regarding the impact of supervision, Wright's cash technology director, Kuang Keyan believes that, first of all, according to relevant laws and regulations, currently in China, it is not illegal to hold bitcoin and bitcoin mining, and no corresponding laws and regulations are drafted, so miners It is not illegal to place mining equipment at the mine.
It can be said that the mine has not received the documents of the mine to increase the price of the mine, but the mine price has actually increased by 30%.
But the attitude of the regulator has already shown tightening of bitcoin regulation.
In September 2017, the central bank and other seven ministries jointly governed ICO and shut down the domestic bitcoin exchange, resulting in a short-term sharp decline in bitcoin prices, and Bitcoin fell 35% in one day.
"If a few months ago, the Bitcoin exchange was not closed, ICO was hit; if more than 80% of the bitcoin transactions and ICO financing are happening in China, what is it today? I think there will be some fear after thinking about this issue." In December 2017, Pan Gongsheng, the deputy governor of the central bank, said.
According to media reports, on January 23 this year, Fang Xinghai, vice chairman of the China Securities Regulatory Commission, said at the Davos Forum that China would strengthen control over Bitcoin. He believes that we can see that China's economy is very large. For China, bitcoin transactions are very important and need to be strengthened because it is now trading very frequently.
Some mine personnel have already started the “going out to sea†plan. According to industry insiders, Quebec, Canada has become a popular choice for mines to go out to sea because of cheap electricity and lower temperatures. Xiao Jiu also intends to move overseas, although no specific country or region has yet to be determined.
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