Why are mining machines not sold on Taobao (Why don’t mining machines go to Xianyu)?
Why are mining machines not sold on Taobao? Why aren\’t mining machines sold on T
Why are mining machines not sold on Taobao? Why aren’t mining machines sold on Taobao?
1. Mining Network: Currently, most mainstream mining machines are concentrated in the domestic market. However, due to restrictions on China’s policies and strict prohibitions on cryptocurrency transactions such as Bitcoin and Ethereum, many mining machines are sold overseas at higher prices.
2. Fish Pool: Due to the large computing power, the average block time on the entire network becomes slower. However, if calculated according to this rule, it can achieve a payback period of more than 100,000 transactions per second (generally 1-3 days). This kind of operation is difficult for some beginners to accept, especially considering that the current price of coins has increased by about 100 times.
3. Zhongxin International CEO Zhang Nangeng: The price of Bitcoin will definitely rise in the future, and the blockchain will become better and better. I think this is also the most concerned issue for everyone, how to make these people make money, rather than just make money. I believe that in addition to speculation, there is also a very important question-why do miners choose the platform they like to buy mining machines?
Why don’t mining machines go to Xianyu
Editor’s note: This article is from Hive Finance News (ID: fengchao-caijing), author: Kyle, authorized by Odaily Star Planet Daily.
Why don’t Bitcoin mining machines go to Xianyu? The answer is: because no one knows where the coins you mine will go, and how the computing power and prices will rise so quickly…
In the bear market of 2017, many friends bought their own ASIC chips in order to save money, but they did not buy a real mining machine to mine. Instead, they exchanged old second-hand products for the new generation of mining machines-called Bitmain’s WhatsMiner M3S9T. The prices of these old graphics cards have doubled, and many manufacturers have even sold higher-priced products for users to choose from. But now the situation is different. Some voices in the market believe that miners should either stop using idle devices for mining or wait for the market to turn bearish. After all, they previously had to pay high electricity bills to make substantial profits, which is also a problem faced by some early participants. For example, Wu Jihan, the big brother in China, has mentioned many times that he holds a large number of Asics and Antminer S17 series mining machines in his hands. If he wants to continue using them, he will definitely not ship them to others. However, this statement seems somewhat forced, and is caused by other factors, especially the recent craze in the cryptocurrency market, which has attracted more attention to the industry’s development and future trends. “Idle” refers to the new mining machines that have been in development for years and are sold at cheaper prices. “Idle” means that mining farms need to constantly develop new hardware, and because the update speed of new products is very fast, there are not many mining machine manufacturers currently choosing to sell directly to overseas markets. (As shown in the figure)
To a certain extent, Chinese investors have a high interest in foreign mining projects; but a part of individual investors have invested in the top exchanges of foreign mining projects. This phenomenon may be a problem that mining companies have paid attention to in recent years, that is, whether mining companies are really willing to abandon old or used mining machines. (Image source: from the Internet)
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