The second Spider Miners Club was grandly held in Shenzhen

On December 19, 2019, the second session of Spider Miners Club was grandly opened in Shenzhen. This session of the Miners Club was hosted by Spider Mining Pool and co-organized by Liantianxia, ​​with strategic support from AMBER, Kuangbao, Panda Miner, Bitmain, BitBlue Whale, Pangolin Mine, Antminer, Niubit, Hengxin Technology, and media support from dozens of blockchain professional media such as Golden Finance, Coin World, Block Technology, and Digcoin.com. More than 200 guests gathered in Shenzhen to comprehensively discuss the huge opportunities and challenges of each link in the industrial chain under new technologies and new integrations, and jointly explore new trends in industrial development.

Event site

In 2019, relevant departments have successively introduced policies to vigorously support the innovation and development of blockchain technology. At the same time, the entry of virtual currency "mining" that was once listed as an obsolete industry has also been deleted. Under the encouragement of policies and the halo of emerging industries, mining, as an important part of the blockchain industry, has ushered in new development opportunities. How to plan for the second half of the mining industry has become a hot topic in the industry. The subsequent Bitcoin halving in 2020 has also become the focus of everyone's attention. This issue of Spider Miners will have a heated discussion on "How to rationally plan under the trend and policy support".

Cheng Dong, co-founder of Spider Mining Pool

In his keynote speech on "The Mining Road under the Halving Cycle", Cheng Dong, co-founder of Spider Mining Pool, used "change, challenge and opportunity" as keywords to explain the survival of small computing power machines under the situation of continuous entry of machines with high computing power and low power consumption ratio, as well as hot issues such as how to choose and layout when halving is imminent. Cheng Dong said that the upgrade of ETH in 2020 will cause 4G graphics cards to be replaced with 8G graphics cards to compete for accounting rights, but the sluggish current price of ETH will force many miners to change currencies for mining, so the market is still dominated by large households, who are more from manufacturers and upstream with graphics card resources. As a qualified miner at present, you need to choose the most reasonable machine mining, the best mining pool cooperation, the most cost-effective hosting site or self-built site, do a good job in hedging business, lock in the yield in advance, find suitable risk-free arbitrage to increase the number of coins, and appropriately use option products to increase mining yields, so as to better build your own product line. So that you can still maximize your profits during the Bitcoin halving.

Chen Lei, founder of Bitcoin Blue Whale

The theme of the speech by Chen Lei, founder of BitBlue Whale, was "The Road to Blockchain Supercomputing". Chen Lei pointed out that China's position as a global computing power center is irreplaceable, but some high-computing machines will still form some clusters in Central Asia, North America and other regions. Computing power facilities and computing power centers will continue to innovate and upgrade, break through the PUE index, and gradually approach professional data centers; computing power centers will eventually integrate with cloud computing, AI, and IOT, and play a core basic role in accounting in the era of large-scale application of blockchain. Chen Lei said that in the future, as BTC volatility slows down, upstream competition is fierce, the middle links are reduced, centralized and large-scale development is accelerated, and currency-holding institutions deploy a large amount of computing power, white coins will be more concentrated and continue to attract new players. At the same time, exchanges are accelerating their entry, cloud computing power is developing in a community, and currency circle traffic may enter explosively, further consolidating BTC's status as a big cake and giving birth to new traffic. The innovative development of the financial derivatives market and the accelerated integration of the entire industry chain will have the opportunity to appear a solid and guaranteed income solution covering the entire chain to meet more traditional funding needs and give birth to a new model.

He Yanjun, co-founder of Kuangbao

He Yanjun, co-founder of Kuangbao, analyzed the hot issue of "how graphics card miners can mine efficiently". He listed the four major challenges currently faced by graphics card mining: "how to find reliable electricity and hosting services, how to efficiently manage mining machines, the arrival of Ethereum 2.0, the shift of mining mode from POW to POS, and the continuous growth of DAG, how to keep 4G graphics cards alive", and explained in depth the four "principles" and method steps of "efficient mining": 1. Stable electricity and hosting services; 2. The right time to get mining machines; 3. Continuous capture of high-yield TOKENs through information acquisition and community participation; 4. Continuous efficient management and operation and maintenance based on the intelligent management platform.

Tony Yuhao, co-founder of AMBER

The theme of the speech by Tony Yuhao, co-founder of AMBER, was "How to solve financial service problems for miners". Taking AMBER as an example, Tony explained how to combine top technologies and services to deepen the secondary market of digital currencies, and shared his experience in OTC transactions/risk hedging, mortgage lending and financial products, automated algorithm execution, and option structured product operations. Tony Yuhao said that in the future, AMBER will provide more professional and comprehensive services for miners.

Roundtable Forum

After the wonderful sharing of the four guests, the roundtable discussion on the theme of "The Road to Mining under the New Policy" has also begun. The roundtable forum was hosted by Sun Yushi, co-founder of Spider Mining Pool, and attended by Fan Xiaojun, head of sales in the Asia-Pacific region of Antminer, Li Yunfeng, marketing director of Canaan Blockchain, Mei Chaoqun, co-founder of Panda Miner, and Cai Zhiwei, co-founder of Pangolin Miner. Based on their own roles and businesses, everyone focused on discussing the upcoming third halving of Bitcoin, how it will affect the market and mining respectively; how graphics cards and professional machines should be arranged and what is the proportion; the high-level call for innovative development of blockchain technology and the continuous introduction of favorable policies, what impact will it have on the mining career of miners, and the entry of regular troops and traditional leading enterprises, what impact will it have on blockchain, especially the mining circle, and other topics, and expressed their insights and gave corresponding countermeasures.

The lucky draw session of this issue of Spider Miners Club was supported by prizes provided by Bitcoin Blue Whale and NiuBit.

Group photo of guests