TokenInsight: The NDRC’s new rules to eliminate mining will have a significant impact on hydropower mining during the flood season

Is mining still a good business under stricter policies? Which mining machine has a faster payback period under power constraints? Which is more cost-effective, cloud computing mining or buying tokens directly? How to hedge risks in a bear market? How will the difficulty of mainstream token mining increase? Please read TokenInsight's "2019 Q1 Mining Industry Report".

The following is a summary of the key points:

Under the current coin price and difficulty, among BTC mining machines with power consumption less than 50J/T, Innosilicon T3 43T has the shortest payback period.

In a bear market, the prices of some mining machines have fallen sharply. If you have lower-priced electricity resources , mining has a significant return on investment.

The price of Antminer S17 is overvalued at present. Even if the difficulty increases, its cost performance is still not as good as Antminer S15. Considering the difficulty increase and mining returns, it is a better choice to buy Antminer S15 instead of Antminer S17 for mining. S17 may further reduce its price, so miners can wait for S17 to reduce its price before purchasing it.

The cost of obtaining BTC through BitDeer and VeryHash cloud mining is less than $5,200. Buying tokens is not as good as cloud mining. If you want to avoid the risk of token price decline, you can lock in mining profits in advance through contracts.

Mining in a bear market requires hedging to hedge risks.

The new regulations of the National Development and Reform Commission to eliminate mining are expected to have little impact on thermal power mining, but will have a greater impact on hydropower mining during the flood season.