Cloud-like competition-like growth Miners are wrapped up in bitcoin mining machines

Under the madness of the currency price, the new large-scale mining machine became the focus of the miners, and the miners formed a dynamic balance in the long-term mutual game. In the case of bitcoin mining machine performance and electricity prices are basically the same, the mine will strictly follow the marginal revenue law will not infinitely expand the scale of the mining machine, reflected in the bitcoin is the relatively stable total network power. But now the computing power is rising sharply, and the cloud computing power price is also following a big rise.

This state breaks this fragile balance. First, the secondary market has experienced large fluctuations, and the currency price surge or slump will affect this balance. For example, in the last round of the bear market, a large number of mines were shut down and delisted, and the total power of the whole network dropped.

In the second case, a revolutionary new generation of mining machines was put on the market in batches. The continuous iteration of bitcoin mining from pc to graphics card to ASIC mining machine is also the process of continuous surge of computing power in the whole network. Every time the mining machine iterative computing power will stand at a new high. Today, miners are faced with the combined effects of these two major factors. The Bitcoin market has quadrupled in more than two months, and a new generation of 7nm process chips has been put into the market in batches, and the balance has been broken.

In the face of the surge in the overall network computing power, miners either follow up or go out. We can count such an account, the previous generation of mainstream mining machine ant mining machine S9 is 13T's power consumption of 1300w / h, and the latest ant mining machine s17 is 53T computing power 2385w / h power consumption. Similarly, the energy consumption of the 1T cloud computing power s9 is 100w and the energy consumption of the s17 is only 45w. The new-generation mining machine saves more than half of the power consumption of the old mining machine.

Even more frightening is that the same aircraft ant s9 is 13T cloud computing power and s17 up to 53T computing power. In the case of such a disparity in the performance of the new and old mining machines, the computing power of Bitcoin is definitely destined to enter a new era. As a miner, early upgrades and early return can better put me in this bull market.

Follow-up to upgrade the machine and expand the scale of cloud computing power is the starting point of a new round of games, but the game of the market is not limited to this.

New forces are coming in strong, old miners rushing back

It is understood that Lao Wang admits that he is also a member of the sweeping army. His mine has updated hundreds of Shenma m10 mining machines a month ago. Despite the skyrocketing power of his hand, Lao Wang seems to be too happy.

In Lao Wang’s plan, the s-S9 series of mining machines in the hands of the ants should be able to support the end of the year as the market goes higher, but as the computing power of the whole network continues to soar, it forced him to iterate early. The machine in the hand.

Many old miners around Lao Wang are facing the same problem. Although I don't know the specific situation, the miners can be sure that the market will have a large number of new forces entering the market in a short period of time, thus pushing the bitcoin's entire network to skyrocket. Although the price increase of Bitcoin is much higher than the increase of cloud computing power, according to the growth of cloud computing power, the old generation mining machine will soon be eliminated.

The sharp increase in demand for mining machines in the market should be that the heat of Bitcoin has spawned a large number of new miners entering the market to digest a large number of machines on the market, and the old miners have to buy a large number of new machines from the market in order to maintain their profits.

The old and new forces are confronting each other, and the weapons of each other are the mining machines in their hands. Like the hostile sides on the battlefield, no one will pay for guns and ammunition.

The industry pattern has changed, and the dimensionality reduction from the cloud computing platform

The overall pattern of the mining ring is undergoing major changes as the format changes. The entry of the cloud computing platform broke the iron triangle situation between the former mining machine manufacturers, miners and mines, and introduced ordinary individuals into the mining circle.

The cloud computing platform can be seen as a collection of countless small micro-miners. Their individual volume is negligible or they have not been qualified to enter the market at the moment. However, their collection has a qualitative impact on the industry's pattern.

According to the weekly report of RHY Cloud Computing Rental Platform, only one of the current bitcoin cloud computing power of RHY platform has accounted for about 10% of the whole network. Behind this is a collection of tens of thousands or even hundreds of thousands of micro-miners.

More and more small micro-miners enter the mining circle through the cloud computing rental platform. A single small micro miner may only have the right to use three five mining machines, or a cloud computing power of more than ten T. However, the sand collecting tower also brings the old miners. challenge.

With the help of multiple power factors and key time nodes, the miners’ collective behavior of sweeping goods was only possible. The miners are caught in the bustling market and are trended by the trend. They may have no time to ask questions and they have no time to see where the roads are. In a fully free environment, they are the first to think about changes. How are they living in the industry?

Every industry has rules for every industry. Not only are the terms and conditions on the surface more important, but the underlying business logic that underpins the industry.

When we look at the mining of the mine from the geek PC end to the mining of the graphics card with economic purposes, the ASIC mining that goes into today is also the era of investment mining, and the economic return becomes the only reason to support the existence of the mine. .

Today's mining is: the larger the size of the fund - the higher the cloud computing power - the greater the return on output, the one-way cycle. From a pure investment point of view: the computing power is the bargaining chip, whoever has more computing power, the bigger the winning face, so the courage of capital will eventually become the confrontation between computing power.

If you agree with this logic, then you don't have to ask who is pushing the war to escalate this power. The rules of the game in the mining ring are like this. As the old miner Lao Wang may have experienced such a scene more than once.

Driven by the rules, the miners maintain their expansion in accordance with the instinct of survival and are not eliminated. So we see that the miners are hungry and thirsty on the mines, and the invisible rules like the hungry tigers are pressing hard to buy. The empty market is also blocking the life of the opponent, which is also part of the rules of the game.

The competition between miners is as the fable says: they are not going to beat the beasts, just to beat the teammates around them.

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