2019 Global Digital Mining Summit: How can miners use financial leverage to maximize profits?

As the era of extensive digital mining draws to an end, changes in the mining situation are affecting the miners' "purses". On the one hand, the rising operating costs of electricity, labor, etc. have led to a tightening of cash flow for a large number of miners. On the other hand, with the continuous expansion of blockchain technology application scenarios, it has also spawned increasingly diverse funding needs for individuals and institutions. The innovation of digital finance has brought new ideas to miners, and exploring the organic combination of financial tools and mining to expand profits has become the next outlet for mining in the new era.

Combining mining with financial tools to maximize miners’ profits

In recent years, the income-increasing model combining mining with financial tools has gradually entered the mainstream vision. Through the empowerment of financial tools such as pledge and lending, the cash flow problem faced by miners is expected to find a breakthrough. Survey data shows that when the price of coins falls, many miners choose to obtain working capital through financial services such as coin loans to meet the needs of purchasing mining machines, paying electricity bills, and expanding production; when the market recovers, they redeem the mortgaged coins to improve the efficiency of capital turnover. After this closed loop is formed, miners can not only ensure the stable operation of the mine, but also will not miss the appreciation opportunities brought by the rise in the price of encrypted assets.

The strong timeliness and flexibility of financial instruments are of great benefit to the improvement of the risk resistance of the assets held by miners. Therefore, the mining + financial instrument model has gradually won the favor of the majority of miners. After the miners mine digital currency, they can complete the transaction quickly and safely through OTC and other methods to avoid the adverse impact of systemic decline on prices, so as to benefit in time. In addition, with the popularization of digital finance, encrypted digital currency has gradually become one of the new asset allocation methods, and traditional investors have also gained access to the market. At the same time, new funds have brought huge increments to the trading market, and also helped to activate the digital mining capital chain and share the benefits with the miner group.

For the industry to achieve leapfrog development, innovation in growth models is crucial. At the current stage, digital finance is like a "windbreaker", injecting new potential into the development of digital mining. The combination of "mining + financial tools" connects the majority of miners on one end, providing practitioners with professional digital currency financial tools, and connects to the larger digital currency market on the other end, playing the role of a safe and reliable traffic entrance. The two will jointly promote digital mining into a new stage. At present, there is no shortage of such attempts in the market. Take Matrixport as an example. The platform provides users with one-stop services including digital asset trading, custody and lending by launching OTC transactions, digital currency custody, pledge loans and other products with its highly secure core capital. The construction of this system not only brings new driving force to the development of digital mining, but also lays a solid technical foundation for the future digitalization of assets.

2019 Global Digital Mining Summit: Sharing digital financial inclusion opportunities with miners

The improvement of miners' income stability has also contributed a lot to the improvement of the digital mining ecosystem. The combination of mining and financial instruments has largely filled the financial needs of miners in digital currency trading, lending, investment, etc., which is conducive to the steady growth of the entire digital mining industry. While digital finance brings more opportunities to the mining industry, it will also enhance the confidence of potential capital in the entire industry, build a mature hematopoietic mechanism, and thus promote the deep integration of upstream and downstream industrial chains.

According to a report by DataLight, a cryptocurrency data analysis company, the number of global cryptocurrency users reached 68 million in May 2019, which means that one in every 113 people in the world is a cryptocurrency user. Today, this number is still growing, and industry analysts believe that the number of cryptocurrency users will exceed the number of current Internet users in the future. With considerable market stock and incremental expectations, there are still more dividends to be tapped in the model of combining mining and financial instruments.

At the 2019 Global Digital Mining Summit hosted by Bitmain in October, the vast uncultivated land of crypto finance will soon open the door of opportunity to more mining capital. It is reported that the conference will unite more than 1,000 practitioners to jointly explore how to combine digital financial services such as digital asset trading, lending, custody and payment to increase mining income and bring more inclusive and win-win financial opportunities to the world based on blockchain technology.

The official website of the conference shows that in addition to discussing the ecological spectrum of crypto-finance and its development path, the conference will also focus on digital mining, blockchain, traditional finance and other fields, guide the gathering of global mining innovation source resources, and create a diversified docking platform for elite talents, entrepreneurs and investors in various fields. The next decade of digital mining is approaching, and a new trend of cross-border integration in various fields is emerging. This conference will unite global mining elites and practitioners to jointly open a new chapter in digital mining and crypto-finance.