Jiang Zhuoer: Mining is moving away from the trader, and the future of mining is just a big industry.

2021-3-15 05:41
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According to the 21st Century Business Herald on March 15, Lebit Mining Pool founder Jiang Zhuoer said the current beef industry was "on the mend". The reason is that the big companies and big capital in the United States are starting to enter the market. Although these institutions only use small companies to distribute bitcoin, their size is so large that they fall far short of the capital of the previous players in terms of profits. Although the player in the world of real estate exchanges wants to think, large companies enter the market and have owned it for a long time, so a lot of small exchanges. This allows the market to focus more on the smaller players moving up and down, and Bitcoin and mining are retail markets. In addition, according to Jiang Zhuoer's theory, the future of mining is a major industry, like traditional coal mining. In the short term, there is small coal, but the future will be at stake for any large industry. - Integrated scale reader.

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Bit Deer COO: Over 50% of global mining is in China, which is still unsaturated.
According to the 21st Century Business Herald on March 15, Bit Deer Ye Jiejie's COO said China is still the center of the Bitcoin mining industry. It is the second largest in the United States, accounting for 14%. Ye Jiejie pointed out that despite the huge power consumption of Bitcoin mining, electric power still has a lot of room for improving power consumption. Bitcoin mining has only two requirements: electricity and the internet. In fact, the negative electricity consumption is that it can provide jobs and taxes to some of the weakest places anytime and anywhere. Currently, the mining industry is not saturated, and as Bitcoin's market capitalization increases, the size of the mining industry that can adapt has grown significantly. However, due to the insufficient supply of miners in the current market, it is difficult for new companies or new investors to enter and find the technology.
2021-3-15 05:42