Bitmain will release the "Global Mining Big Data Analysis Report", disclosing the global mining cost comparison for the first time

Recently, Bitmain announced that it will release the "Global Mining Big Data Analysis Report" at the 2019 Global Digital Mining Summit. Official information shows that the report will conduct a comprehensive analysis and interpretation of core contents such as the current status of global mining construction, global electricity costs, mining site selection, and mining construction costs, providing decision-making references for digital mining practitioners.

Digital mining has only been around for ten years, but its value cannot be underestimated. With the increase in the computing power of the entire network, the difficulty of mining continues to increase, and with the entry of capital from multiple countries, the competition in the industry has become increasingly fierce. Under the new trend, miners have begun to look around the world, trying to find mining resources with lower costs and better conditions. The release of the "Global Mining Big Data Analysis Report" may complete a comprehensive update of the mining site selection information database, helping those seeking change to gain an advantage in this new wave.

Hitting the pain points of the five major industries and comprehensively analyzing the global mine construction map

As we all know, when the value of mined Bitcoin exceeds the mining machine and electricity expenses, the mining farm will be profitable. In this model, in addition to the coin price and mining machine costs that are not controlled by miners, the electricity price that fluctuates with different regions and time becomes a key factor affecting mining revenue. Therefore, in order to reduce electricity costs as much as possible, a large number of mining farms have to "live by electricity prices" and migrate around the world. However, in the process of mine relocation, mine owners often face many problems such as: optimal mine relocation route planning, electricity price costs, and the best time to build a mine.

There are many mysteries in the selection of mining sites, and the "Global Mining Big Data Analysis Report" to be released by Bitmain hopes to provide a solution. According to people familiar with the matter, the report will disclose five key contents: global mining cost analysis, dynamic flow analysis of computing power during the flood season, analysis of the world's best mining sites, comparison of global mining site construction costs, and prediction of global mining site resource supply and demand, which basically covers all the focus issues of miners.

In the current competition for mining site selection, it is crucial to have comprehensive information in order to make more "fast, accurate and ruthless" decisions. On the one hand, miners and mine owners can use the "Global Mining Big Data Analysis Report" to understand the cost of global electricity prices and the distribution of computing power, find the most economical mine relocation plan, and analyze the supply and demand relationship of global mines to find the best time to build a mine. It is a veritable dry goods guide. On the other hand, those who get data get opportunities, and the content of the report can also open a new window for practitioners to perceive the market trend.

Data drives the industry to develop positively and helps mining ecosystem sharing

The "Global Mining Farm Big Data Analysis Report" covers a wide range of regions, has a large amount of data, and has detailed content, all thanks to Bitmain's six years of deep industry experience. From technology research and development to ecological layout, Bitmain has been at the forefront of the industry since its establishment. Through a series of actions such as innovating sales models, providing mining farm construction solutions for the entire industry, launching the Ant Training Academy, and hosting the Global Digital Mining Summit for two consecutive years, it can be seen that Bitmain has spared no effort in building a global mining sharing ecosystem and building industry resources and information exchange platforms.

It is reported that at the Global Digital Mining Summit in October, Bitmain will invite dozens of industry leaders to give keynote speeches, and arrange industry dinners, roundtable meetings and peer exchanges based on the actual needs of the participants to promote in-depth cooperation among multiple parties in the industry.

The Book of Changes says: "A gentleman hides his talent and waits for the right time to act." As digital mining enters a period of refined development, Bitmain released the "Global Mining Farm Big Data Analysis Report" for the first time at the 2019 Global Digital Mining Summit. This is a comprehensive review of the global mining farm ecosystem layout, using data to analyze the latest industry trends to help the vision of a shared mining ecosystem to be realized faster.