Super “mine disaster”! The bitcoin to the dark storm was finally understood.

Source: financial web site

Source: CCTV finance and Economics

Since mid November, the encrypted currency, led by bitcoins, has continued to fall. In just half a month, bitcoin has fallen more than 3, compared with last year’s highest point, which has fallen more than 7.

As a matter of fact, the rise and fall of encrypted currencies is normal, but the slump has set off an unprecedented “storm” in a circle, a circle of encrypt money.

What is the “birth” of bitcoin?

Popular science

How is the bitcoin “dug”?

First, a lot of encrypted currency, such as bitcoin, is not stored in the form of an entity, so it must not be obtained by the action of digging. In a simple way, it is like a math problem every time in the system of bitcoin, whose device first works out a solution and who gets the bonus of the bitcoin.

In fact, all the mining equipment can be owned, even our computer graphics card can be qualified for the work, but the efficiency is not too high. The people who specialize in bitcoin digging are bitcoin miners who buy chips or graphics cards that are used for digging, and let these machines do this operation for 24 hours to get bitcoin.

The cost of electricity is huge in this process, making up the biggest cost. In order to reduce costs, miners store coal mines in the energy rich areas of Western China and open special mines to dig money. The early participation in the mining of bitcoin was low, and the income was once high.

And as more and more people enter the industry as the price of the currency soar, they face competition and risk. The tumbling of the bitcoin was called a “mine disaster” because of the fall in the cost of mining.

So, how big is the mining industry?

What is the bitcoin miner going through?

CCTV financial journalists carried out a full chain investigation to restore the “super storm”.

Bitcoin drop “shutdown price” miner shut down and stop loss

A short film has been hot in the miners’ circle, and the jokes of the miner’s state of the tumble in the video make people laugh. After a smile, the real situation is a bit of a smile.

Livy is a bitcoin miner, and the tumbling price of the bitcoin in the last half of the month has made him feel the first time to sleep.

Miner Livy: These two models, in the case of 40 Fen electricity, the income is basically negative, now most of the basic state is shut down.

Take a mainstream bitcoin machine as an example. The cost of electricity, which is currently running for 1 bitcoins, is about 26 thousand yuan, and the price of bitcoin falls below that value. The miners can only shut down and stop the loss.

In late November, the price of bitcoin has been broken down many times in addition to the latest miner’s escape from the market, and the miners who have bought them at a large price may not be able to recover the cost and face the choice and suffering. At present, the Xiaofeng, which holds thousands of miners, is one of them.

Miner Xiao Feng: Now, as long as the machine is open, it is losing money. So, a lot of miners choose to sell the machine, or stop the first wait, so many.

The “hash rate”, representing the full network computing force of bitcoin, dropped by about 3 in half a month, with statistics showing that About about 1300000 mainstream miners shut down in the wave of the bitcoin slump.

Absenteeus Xiao Feng said that at present, the choice of shutdown is often a few small cost miners, while some larger miners are able to take short – term costs below the shutdown price, and take some short-term measures to wait for a “dynamic balance” of a revenue reduction.

Miner Xiao Feng: If there are 1 million mines in the world, you are divided into 100 1/10000, but if there are 500 thousand miners now, the number of bitcoins you divide will be much more, so it will have such a dynamic balance, and this time is stamina to see who can stay up.

The great army of bitcoin miners migrating by electricity

Some miners have switched off, and the open mines are struggling to survive the game of electricity. China, which concentrates on advanced mining machines and low electricity costs, is currently one of the first choice of the global encrypted currency mines, with as many as 7 bits of bitcoin in Sichuan, Yunnan, Inner Mongolia, Xinjiang and other places.

What are the status of these mines in the cold winter of this encrypted currency? Follow the CCTV financial reporter to the Inner Mongolia mine

60 kilometers from the city of Baotou, Inner Mongolia, the reporter found a mine in the industrial area. Standing outside the factory, it was rare to hear the faint noise of the machine. The head of the mine told reporters that the machine room at the moment has stopped running to half.

The ore yard, which stands in the chemical plant, once was one of the most powerful bits of bitcoin in the world. It was built in the summer of 2014 and covers an area of 100 mu. It can accommodate 100 thousand mining machines at the same time. In the heyday of the world, 1 of the 4 bit coins were from here.

The former splendor benefited from the high price of the bitcoin and the low price of electricity. The open information on the Ordos government website shows that the bitcoin site was built in the name of “cloud computing large data center” when it started, so it was able to enjoy a fraction of the price of normal industrial electricity, which was just as long as two corners. Even so, the electric charge of the mine is still as high as tens of millions of dollars a year.

The person in charge of a mine in Inner Mongolia: It turned out to have electricity multilateral trading, and now it has not run down for approval. Large data, cloud computing, sapphire, such as the country’s high-tech industry is the cloud computing, even if the electricity multilateral trading, running down electricity costs.

The local government tightened the policy of the special coin mine, the price of the preferential electricity was cancelled, and the profit of the mine was almost cut down. The reporter went to another large mine in Inner Mongolia and walked into the gate. Several workers are cleaning, packing and packing some old mines, ready to move away from the mine. The staff told reporters that many customers have recently moved the machines to lower prices, and the mines have turned their lines of sight abroad.

Miner’s price is down 90% hardware market “to dark time”

The plunge in the profits of the mining industry was also quickly transmitted to the miner’s hardware market. “The mining machine is sold on a catty”.

Shenzhen’s Huaqiang North is the world’s largest distribution and distribution site for mining machines, and about 9 of the world’s mining machines are shipped from there. More than half a year before the Huaqiang North, whether it is selling computer accessories or mobile memory businesses have started the mining machine sales business, now how are their situation?

The reporter came to Huaqiang North SEG digital square, and a miner’s shop was looking for sublease as soon as he got off. Although the market still hangs on the billboard in the market, most of the shops are all the sparrows.

In another shop selling mine machines, the reporter saw the shopkeeper packing a batch of mining machines for delivery. He told reporters that all the mines were second-hand.

Many shopkeepers told reporters that as the price of bitcoin plunged, the current main model of the mine, the price has fallen to 95%, but still can not sell out.

Shenzhen mining machine dealer: Some of the miners I bought here before some customers have to sell it now. A few months ago, it took more than 30 thousand to buy, and now it can only be sold to about 800 to 11001200.

The head of a Beijing mining machine sales company told reporters that the sales of miners are less than 1/10 in the first half of the first half of the year. They have also received many used miners in addition to selling mine machines.

Honeycomb miner COO Lin Nianlong: Last December, a month sold about tens of thousands of people, and now some miners feel that he doesn’t want to dig, sell his machines and sell them again. Customers used to buy machines, now they all come to understand the information, and some are to “recharge faith”.

In China, the mining industry of encrypted money has formed a complete industrial chain upstream and downstream. At present, our country has been producing 9 of the global miner, occupying 7 bits of money, operating more than half of the mine, and having an important industrial base of the large practitioners.

The mining industry has also affected the peripheral market, such as hardware procurement, semiconductor production, chip sealing, and so on, from heat transfer to cooling. The financial statements released in November by the developer of the video card show that the third quarter revenue was less than expected and was attributable to the retreat of the encrypt currency mining tide. Many miners in the industry said that the market into a calm period, will reduce the scale of production.

In a virtual world, who is the last buyer?

In the future financial world, please answer.

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