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What is the function of Antminer (Is Antminer a scam)?

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What is the function of Antminer? According to official news, on May 29, 2019,

What is the function of Antminer (Is Antminer a scam)?

What is the function of Antminer? According to official news, on May 29, 2019, Antminer released the latest upgrade announcement in Beijing, stating that it will start a comprehensive upgrade in the third quarter of 2020. The biggest feature of the new version of Antminer is its automatic power gain and automatic mining functions. At the same time, in order to ensure the safe, stable, and efficient operation of the machine, we have introduced a new generation of mining machine S19Pro.

It is reported that 30% of the total network computing power of Antminer S19pro is provided by Bitmain, and it adopts “static” power consumption design, with an energy efficiency ratio as low as 3W/TH. It supports multi-mode operation (not limited to single unit), which can bring higher performance and improve mining efficiency for users. In addition, the new version of the bitcoin halving algorithm has incorporated ASIC chip technology, making mining simpler and faster, with a high share of computing power.

Is Antminer a scam?

Is Antminer a scam? In the currency circle, there is a saying that they attract many investors with “cloud computing power”. In fact, these speculators bought it in order to obtain high returns. However, this model is not without risks and flaws. The value of “cloud computing power” comes from price increases and investment in new products. This sentence vividly expresses the expectations of cryptocurrency investors for future digital assets: “We believe that future digital assets will become very stable.” So why does this phenomenon occur? First of all, there are a large number of false propaganda and pyramid schemes on the market currently. “There are hundreds of selling activities on Tmall platform every day.” In addition, some criminals take this opportunity to engage in fraud, money laundering, and other illegal activities. “Blockchain + supply chain finance” and “smart contracts” also have related fraud cases. Some even claim that they can bypass bank accounts and directly obtain huge profits through virtual currency transactions.

But if you regard it as a Ponzi scheme, it may become a scam, because once people discover that a business or product is suspected of illegal operation or violation of regulatory provisions, the company will be forced to shut down. Therefore, similar situations occur:

Firstly, starting from December 2017 to mid-August 2018, many media reported on the products provided by the service provider to its customers, AntPool. Secondly, since July last year, the company has established partnerships with many Internet technology companies, including Alibaba (China), Huawei (China), Xiaomi Group, etc. (Note from Planet Daily: Previously, in April 2017, the Xiaoshan District Government of Hangzhou issued the “Measures to Accelerate the High-Quality Development of E-commerce”, which clearly stated that it will encourage and support the development of online e-commerce. The “Implementation Opinions” pointed out the importance of developing online consumption, building a consumer-centric brand culture, and actively guiding the public to participate in online production and lifestyle. Thirdly, set up a sales fund to provide one-stop coupon exchange services to enterprises that meet the requirements of national policies. Fourthly, establish a national-level network security emergency response team led by the People’s Bank of China to crack down on network infringement of personal privacy issues.

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