Bitcoin Mining Map Migration Where to Choose in Central Asia and North America?

Mining can eat up the whole bull market and carry the whole bear market? Some people have gradually developed a skeptical attitude, and a series of shortcomings have made the answer to the question more hazy.

Bitcoin Mining Map Migration Where to Choose in Central Asia and North America?

Late at night, a boot suddenly falls to the ground upstairs, and a nervous tenant can’t sleep through the night because he’s waiting for another one. It’s like the Chinese bitcoin miners of today, eager, anxious, watching, and all without “stopping”.
Mining can eat up the entire bull market, can also carry the entire bear market? Some people are becoming skeptical, and a series of shortcomings are making the answer to the question even more hazy. Where is the chess going to go? Is it the old general and the old soldier who will not be discharged from the hospital, or the pawn will not return once he goes? Each miner is calculating.

  1. Hope not “one size fits all”

Bitcoin new miners Xiaochun recently very distressed, the end of April spent more than 300,000 to buy a batch of mining machines, just digging less than a month, hanging overhead on the sword of Damocles. The good thing is that the mining machine is hosted in Sichuan, using water and electricity, but his biggest worry is “one size fits all”. After reading the report of “Lookout”, his worries were reinforced. According to the news of “Lookout”, in order to achieve the goal of carbon peak, carbon neutral, many places to implement the total energy consumption and intensity of “double control”, however, the reporter interviewed in a number of energy provinces found that under high pressure, individual local fire and fury under the task, spread the target, not only affect the survival and development of enterprises, but also bring interference to the normal life of the people. The article points out that the “one-size-fits-all” northern carbon-heavy provinces: enterprises are forced to shut down production, the county street lights off residents dare not go out.

Xiaochun hopes that he will not be so unlucky as to fall under the “one-size-fits-all”. “Why is North China so strict? Because Inner Mongolia is mainly thermal power, environmental problems, but also affect the air quality of the capital. Southwest is hydropower, and Sichuan and Chongqing are building the fourth pole of the empire, a variety of green light all the way open, the problem is not big.” The industry’s point of view seems to let a new miner like Xiaochun breathe a sigh of relief.

On May 27, the National Energy Administration’s Sichuan Regulatory Office issued a notice about the June 2 research forum on virtual currency “mining”. This also showed miners that Sichuan Province is not quite the same as Inner Mongolia, and some speculate that Sichuan will not give up such a good opportunity to use the “abandoned water”. In a recent online press conference held in the first quarter of 2021, the National Energy Board informed the hydropower construction and operation in 2020, “the country’s major basins ‘abandoned water’ power of about 30.1 billion kilowatt hours, 4.6 billion kilowatt hours less than the same period last year. ‘Abandoned water’ mainly occurred in Sichuan Province, whose main basin ‘abandoned water’ power of about 20.2 billion kilowatt-hours.” Obviously, if the virtual currency “mining” in Sichuan continues, is a very good solution to the “water abandonment” problem.

02、”Going abroad” has become the choice of many people

Some miners also told CloudHound Finance that the hosting mine has lost power due to the policy, and his mining machine has been in a stop digging state for more than 10 days. At present, he is contacting overseas mining sites, but a series of uncertainties overseas also make him daunted. Two days ago, news came out of Iran that Iranian President Rouhani had banned cryptocurrency mining in Iran until September 22 due to power supply difficulties. The good thing is, for mining, there is no bad news coming from Kazakhstan and North America. Public information shows that Kazakhstan and North America have become one of the hottest regions. on May 23, Mars Cloud Mining announced that some of the mining machines will be transferred to Kazakhstan mining. Jiang Zhuoer, the founder of Lepit Mining Pool, also mentioned on Weibo that he would deploy mining farms mainly in North America for mining later.

And according to a previous news release from Karnan Technology, plans to attract $715 million in investment in cryptocurrency mining were first disclosed at a hearing held by Kazakhstan’s Senate in mid-June 2020. Kazakhstan already has 14 cryptocurrency mines. In the report of “Miners’ Adventures at Sea: Some people are “making money every day”, while others are being pressed the “pause button””, we have also mentioned that Kazakhstan has the industrial infrastructure and power facilities left over from the former Soviet Union, and the electricity price is among the lowest in the world. The miners are using it as a “mining paradise”. Digital asset industry researcher Yanxi Gu also said that mining in the United States is now a very good choice. Under the “high pressure” regulatory policy, “going to sea” has apparently become the choice of most people.

03、The big migration of the arithmetic map

In fact, the arithmetic map migration began as early as half last year. Bit rich Lu Haiyi has said: “Since the halving, the domestic arithmetic power from 70% of the total global arithmetic power gradually decreased to 50%, overseas arithmetic power development is good, the United States arithmetic power accounted for 12%.” And this year, the arithmetic map migration has entered a new phase, the fuse is the carbon neutral Inner Mongolia does not meet the standard. At that time, the Inner Mongolia mine was rectified and moved out, and miners kept looking for a “new home”, some moved to Xinjiang, some moved to Yunnan, Guizhou and Sichuan, and some simply moved out of the country to Central Asia or North America. Then, Xinjiang mines were also rumored to rectification news, instability “dark clouds” under the shroud, is the layout of the big capital in Xinjiang also had to slow down the pace of advancement.

Looking around, the better choice for the country is either Yunnan, Guizhou and Sichuan, or else you have to go far away. In March, Zhan Ketuan also said at the Bitmain conference that the arithmetic landscape is on the eve of a huge change, with overseas arithmetic scaling up gradually. The company’s main goal is to get the company’s products and services to the market. He said that Inner Mongolia has made a clear statement and Xinjiang has tightened its policy. Although miners can place miners in Yunguichuan to take advantage of the consumption of electricity, but there is no shortage of construction violations. He said, for example, the distance between the power station and the mine is one of the problems, the safety risks are great. If local supervision is strengthened, the mine will also have to face these situations head-on. Compared to the policy uncertainty in Yunnan, Guizhou and Sichuan, overseas mining policy is relatively stable and more compliant, but the overall cost is also higher.

In particular, miners new to the sea will face unfamiliarity with the situation. At the moment, domestic miners are holding their breath, waiting for another boot to fall on the regulation. Looking forward to it, praying …… Finally, a quote for you: Every time a crisis arises, it provides us with a rare opportunity for stress testing and investment review, and the ultimate value is determined by how you will respond and handle yourself.

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