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If you want to find a primary market for Bitcoin, it is the mining industry. This year is a special year for the mining industry. The halving of Bitcoin block rewards in May and the flood season inevitably make people full of expectations for the market trend this year. But for some miners, it may be a mixed year. The old flagship S9 is about to exit the stage of history. If the price of the currency is low after the halving, many miners will also leave. So with the flood season and the halving coming together, can the S9 continue to mine? How do mining farms survive the flood season, normal water season and dry season?
BlockBeats and 360 Computing Power have jointly presented the real side of the mining industry in the column "Getting to Know the Real Miners". Today, we invited a miner to talk about how he kept the S9 mining and what it was like when the mine was relocated during the flood season. Miners have been extremely busy recently, relocating their mines to prepare for the upcoming flood season. Do you remember that after the coin price plummeted on March 12, the computing power of the entire network dropped sharply? Whether the S9 can be turned on for mining depends mainly on the coin price. The current coin price and the upcoming halving have made it time for the S9, the former king of machines, to face the question of whether to stay or go.
How to keep the S9 series?
First, let’s look at the factors that affect the startup of mining machines: coin production, coin price and electricity price.
When it comes to Ant S9, the first reaction of outsiders may be that the price of the currency fluctuates, and the difficulty is still rising. Can such an old mining machine really still be used for mining?
The impact of coin production and price on S9 In the past period, the flood season has not arrived, and the price of coins has fallen to a level where S9 cannot be turned on. Is S9 really shut down? In fact, in some cases, the mining farm can choose to modify the S9. The computing power of the modified S9 is still competitive, and mining can continue before the halving. The situation after halving depends on whether the market gives opportunities. If the price of the currency soars to around $20,000, all S9s in the world can be turned on without modification. However, from another perspective, the old generation of mining machines are still not out of the market, and new mining machines with high computing power continue to flood into the market, so it is conceivable to what extent the computing power of the entire network will soar. Therefore, as a front-line miner, my idea is to shut down when it is necessary!
The impact of electricity costs on the S9 series of mining machinesElectricity costs are the biggest cost of mining machines. Mining farms with low electricity prices are of course the preferred locations for mining (other operating costs of mining farms are not considered here). Mining farms are divided into flood season, normal water season, dry season, and year-round power mining farms. S9 can still make profits after modification during the dry season. Before the flood season comes, first transfer the mining machine to the year-round power mining farm with lower electricity prices, and then arrange the flood season mining farm as early as possible during this period to achieve the maximum profit. Of course, the premise is that you have your own mining farm or a suitable cooperative mining farm. I am afraid that irrelevant mining farms will not let miners move mining machines back and forth like this.
How to find a suitable home for your S9?
Mines in the flood season all rely on water for their livelihood. Such mines are generally located in Sichuan, Yunnan and other places, and most of them are next to hydropower stations and upstream of the river basin.
How can we find cheap water and electricity when we are looking for mining farms with cheap electricity? A relatively simple way is to ask friends for introductions, or to find some well-known mining farms. Every miner’s circle of friends is a mining machine sales position. Mining machine sales usually remind users to make reservations when new machines are released. The life and death and income of miners directly affect the performance of mining machine sales, so they will also recommend many mining farms with cheap electricity when the flood season comes. For example, many people recently put up the slogan "0.2 (gross) x maintenance included".
Especially in this special period of the year, nearly 30% of the old machines are facing elimination and cannot enter the flood season (even if the price of Bitcoin has risen and the S9 can be turned on, many miners may prefer to choose new machines to mine, which have high computing power and cheap electricity and obvious competitive advantages). This also means that a large number of mines will be left over, so there are mines that cost more than one cent. However, miners should be reminded here that stable, safe and reliable mines are the most important. Do not choose unreliable mines for the sake of cheap electricity, which will end up in vain.
Other factors are equally important. The price of electricity during the flood season is only a small part. Just like renting a house, we can't just focus on whether the rent is cheap, but also know what services the landlord can provide, whether he will pay for heating, water and electricity, etc., and we also need to consider commuting costs, etc. When all the costs are added up, the real cost will emerge in front of you.
The same is true for mining. Is the location of the mine particularly safe? Especially during the flood season, will there be floods and mudslides in rainy areas? Are the firefighting facilities of the mine reliable? Is there regular maintenance? Is there operation and maintenance? Are there enough operation and maintenance personnel? You need to pay attention to all these factors. It is obvious that finding a suitable home is not easy.
Moving mining machines to mines during the flood season involves huge costs.
It takes about 3-5 days for the mining machine to be removed from the shelf and put on the shelf with water and electricity. Not only will there be no income during this period, but the miners also need to pay for transportation. A 13.5-box truck from Horgos, Xinjiang to Ludian, Yunnan costs nearly 30,000 yuan. The cost of removing and removing each mining machine is between 8-20 yuan, but these are the obvious costs. There are also some very invisible and important costs, such as the risk of damage to the mining machine caused by transportation, which is particularly important. More importantly, such a move may be required twice a year, and even 10%-20% of the machines will be lost in one transportation. If the mine is found to be unreliable after the move, it may need to be moved again, and the cost will also go up. The mine also has very high requirements for deposits. Of course, there are far more things to consider. When we have time, we will list the "pitfalls" that may be encountered in transporting mining machines during the flood season. You know, mining is not that simple.
Therefore, preliminary due diligence on the "new home" is extremely important.
In the previous article, we mentioned that before the mining machine is moved, it is necessary to communicate with the power station before the move, check the lines, safety issues, and apply for load reduction. Only after these are approved can it be shut down. Then it is necessary to hire people to help take down the mining machine, pack it into boxes and load it onto trucks. In this process, it is necessary to carefully count and check the quantity and model, especially the power cord, and not a single one can be missing.
No matter it is your own mine or a hosted mine, after the mining machine arrives at the mine, you must ask the mine to provide a warehouse to store the packaging boxes. Otherwise, when you move again during the dry season or due to some force majeure factors, there will be no cartons and the miners can only silently endure the damage to the mining machine.
After reading the above content, how S9 can make money during the flood season can be summarized in the following four points:
1. If you know how to improve the mining machine, you can choose to modify the S9; 2. Try to find cheap hydropower and mining sites and do a good job of research in the early stages; 2. Wait for the price of the currency to rise, don’t fall before dawn; 3. If you own your own mine or a cooperative mine, you can use S9 to fill the load, and the S9 that has paid back can continue mining as soon as possible. |
