Wang Wenguang, Data Director of Bit Deer Group: Now is the best time to dig.

The 2nd edition of Bit Deer 421 Water Harvesting and Mining Festival was held today in Beijing. During the meeting, Wang Wenguang, data director of Bit Deer Group, spoke about “the risks and opportunities of offshore mining”. He estimates that in this bull market, the ratio of assets to institutions is over 10%, institutional behavior and the ratio of BTC to total costs of trade is around 54%. It is still by far the highest of 18 years. However, against the background of the high value of BTC, the cost of mining BTC is only 24% of the purchase value of a coin, so now is a good time to dig in. According to concerns about mining technology, the maximum technology in this cycle has reached 5nm, and the next production process is still three or four years of mass production. When it comes to agricultural mining, the industry has grown as it moves from 'chaos' to 'management' in the second half, and the risk is not great. . After the incident in Inner Mongolia, the proportion of conflict mines and side mines declined. He also said that partners are just as important in this industry and finding a reliable partner will make you less anxious.