Due to halving, more than 60 mainstream mining machines face losses

At 3:23 on May 12, Beijing time, the AntPool ant mining pool dug out the 630,000th bitcoin block, the block reward has been reduced from 12.5 bitcoin to 6.25 bitcoin, and the daily output has been reduced from 1800 to 900 Pcs. This means that the third halving of Bitcoin is officially completed. However, after halving, Bitcoin continued to weaken, hovering around $ 8,600.
　　Earlier, Bitcoin had halved twice in 2012 and 2016. After the halving, there have been price increases of dozens of times. The third halving did not temporarily start the price increase.
　　The third halving of Bitcoin will have a great impact on Bitcoin-related industries, especially the “mining” industry. The bitcoin mining industry was once guided by supervision to “orderly retreat”, but today the industry is still widely distributed in regions with abundant power resources in China. However, after this “halving”, in the short term, a large number of old mining machines with high energy consumption will be forced to withdraw. According to F2Pool fish pond statistics, as of the date of publication, at least 0.38 yuan / kWh electricity price calculation, including at least “main machine” ant S9 mining machine and other more than 60 mainstream bitcoin mining machine losses immediately, the daily net income is negative, facing the elimination .
　　Bitcoin completion of the third halved
　　the market value hovering at $ 1.6 trillion in
　　May 12, he experienced a halving of Bitcoin did not show “to dilute for your” strong momentum. According to the cryptocurrency market website CoinMarketCap, as of press time, the latest bitcoin price was $ 8687, corresponding to a market value of $ 1.6 trillion.
　　In the previous two halvings, the bitcoin price experienced a process of surging first and then plunging. Therefore, the market is very concerned about the trend of the third halving and after. As of press time, Bitcoin prices have not strengthened.
　　There are disagreements in the industry about the future of Bitcoin after this halving, and many people hold the view of “short-term bearish and long-term bullish”. However, for ordinary investors, investing in Bitcoin is highly risky. Wu Tong, deputy director of the CECBC Blockchain Special Committee of the Ministry of Commerce and dean of the Digital Economics Business School, told the Securities Daily reporter: “The risks facing ordinary investors mainly include market risks, operational risks and institutional risks. Specifically, The market risk is mainly no ups and downs, 24-hour trading, this market mechanism increases the transaction difficulty of ordinary traders; the operation risk is mainly that users may not be able to roll back the transaction after the operation error; the institutional risk is such as exchanges, etc. centralized institutions are not to maximize the interests of customers as a criterion. “
　　More than 60 major mining machine
　　facing a” boot that loss “
　　Bitcoin mining industry in China has been much controversy. In 2018, the Bitcoin mining industry was once regulated and guided to “orderly retreat”. On April 8, 2019, in the “Guiding Catalogue of Industrial Structure Adjustment (2019 Version, Draft for Comments)” issued by the National Development and Reform Commission, virtual currency “Mining” activities were included in the elimination industry, but this article was deleted when the catalog was officially released. Today, there are still large and small bitcoin mines distributed in areas with abundant power resources and cheap.
　　However, the halving of Bitcoin means that the mining rewards will be greatly reduced. In the short term, this will allow the mines to be passively eliminated from the bottom up.
　　On the day of the halving, a large number of mining machines on the market were already facing a “power-on loss” situation, which reached the so-called “shutdown price”. Among them, there is no shortage of star products of the three major mining machine manufacturers of Bitcoin Mainland, Jianan and Yibang International, including old models of ant series mining machines, wing bit series mining machines, Avalon series mining machines and so on.
　　”Half halving caused a large number of high-energy mining machines to have been shut down in the last two halvings. I believe this halving will be no exception. High-performance new machines will eliminate the high-energy old machines. It is inevitable for the development of Bitcoin mining. Trend. “Shao Jianliang, general manager of Jianan Technology Blockchain, told the Securities Daily reporter,” The first is the group of miners. After the block reward is halved, the survival status for those miners who do not have a comparative advantage will become very strong. Difficult, the subsequent high probability will be eliminated. Secondly, the halving has not slowed the pace of the organization’s layout. Overseas institutions such as the United States and Canada continue to set up mining funds and build mines. The degree of specialization and head effect of the mining industry will become more and more obvious, and the pace of market clearing will be further accelerated. Those groups with less obvious comparative advantages and less specialization will face greater competitive pressure. . “
　　operator will return to steady force
　　” mining “industry pattern remodeling
　　Many industry experts predict that the entire network will be at least more than two percent of the mining machine will face off Opportunity, computing power will appear to decline significantly, but with subsequent market adjustment, computing power will eventually transition to a relatively stable state.
　　Hu Jianing, president of Huobi University and deputy director of the Blockchain Special Committee of the China Communications Industry Association, said in an interview with a “Securities Daily” reporter that from the previous two experiences of halving production, after the reduction of production, Bitcoin’s entire network computing power It will decrease significantly, however, the Bitcoin mining network has a self-adjusting mechanism, which will adjust the difficulty factor according to the change of “mining” computing power, and then achieve a new balance. As new mining machines with lower energy consumption are widely put into the market, the computing power of the entire network will also resume growth within a few months.
　　Wu Tong believes that “for bitcoin mining, there will be about 20% -40% of mining machine opportunities in the short term, because the profit calculated at constant currency prices in the short term will decrease. There will be a recovery and reach a relatively stable state. In this process, the small and medium mines will be shut down, the industry concentration will increase, and the head competition will be more intense. “
　　Yu Jianing believes that the cost of mining is not determined by Bitcoin. The core element of market prices, and changes in market supply and demand, are the main factors affecting market trends.