CoinFans (bi-fans.com) Shenzhen Digital Mining Summit 2021 successfully concluded
On the afternoon of March 17, Beijing time, CoinFans (bi-fans.com) held the “2021 Digital Mining Summit” entitled “Win-win for the future” in Shenzhen.
At the meeting, CoinFans CEO James Cao and many other executives attended the meeting. In addition, more than 50 industry elites, customers and strategic partners, including BTC.COM CEO Zhuang Zhong, Antpool co-founder Tian Xin, Shanghai Wayi co-founder Li Peicai, and Guihua Technology co-founder Xiao Guihua, gathered at the summit.
At this 500-person summit, James Cao and other well-known companies delivered live speeches and shared the new trend of digital mining.
(The scene of the 2021 CoinFans Shenzhen Digital Mining Summit)
01 Entering a mature period, the global mining industry has quietly changed
Finding direction is a new hot word in the bull market.
“Bitcoin will reach US$300,000 in the third halving cycle.” James Cao made no secret of his optimism about the future trend of Bitcoin.
He mentioned that since last year, he has been reminding supply chain partners to increase production capacity to meet this bull market.
“At present, the digital currency mining industry has entered a mature and stable period of scale. With the global digital currency market value approaching 2 trillion US dollars, the global computing power distribution pattern has undergone new changes: the scale of overseas computing power is gradually expanding, and at the same time Mining concept stocks are gradually emerging in the US capital market.” James Cao said. This means that the mining industry has entered a new stage of globalization.
James Cao clearly mentioned the future business focus of CoinFans at the meeting. He said that Hashrate will be a core of CoinFans’ continued rooting, and plans to enrich ecological partners in the fields of Cloud hashrate, mining pools, mines, and energy reuse.
(The scene of the 2021 CoinFans Shenzhen Digital Mining Summit)
02 The rise of standardized Cloud hashrate products
From the analysis of many participants, it is not difficult to conclude that in today’s mining industry, globalization and specialization are already an irreversible wave. Among the partners in China’s planned expansion of mining pools, mines, and energy reuse, the Cloud hashrate business is likely to benefit first.
Why is it a good business to do Cloud hashrate now?
This is because specialization makes the threshold for mining higher and higher, and it is often difficult for ordinary users to complete the independent layout of global mining and large-scale operations.
The Cloud hashrate platform, which distributes hashes in various places, just meets the needs of retail investors and institutions for “distribution.”
In addition, the skyrocketing price of Bitcoin since the bull market and the limited production capacity of mining machines have brought new “contradictions”: on the one hand, new miners are eager to enter the market quickly, and on the other hand, the ideal benefits that old miners have already obtained from mining are also Hope to sell part of the value-added computing power to ensure profit margins.
Moreover, the users brought by Cloud hashrate are not only helpful for the sales of mining machines, but also for the mining farms and mining pools in the upstream and downstream of the industry, driving the value-added of the upstream and downstream industries.
CoinFans also successfully stepped on this wave of Cloud hashrarate bonus.
At present, many standardized Hashrate packages on the official website of CoinFans (bi-fans.com) have been sold out. After several replenishments during the period, short-term Hashrate packages are still in short supply. According to reports, the CoinFans Cloud hashrat product has already exceeded 10 million yuan in sales within 3 days of its launch.
In order to further stabilize the supply of computing power during the high water period, CoinFans has just recently ordered an additional 8,000 mining machine Ant S19Pro, which will be delivered in June 2021.
03 CoinFans (bi-fans.com) wants to be “Alibaba” in the mining industry
In terms of products, CoinFans (bi-fans.com)’s Cloud hashrat product also follows the rules of low threshold and flexible cycle. Currently on its official website, product types cover a period of 30 days to 720 days.
James Cao shared at the summit that CoinFans has 5 major advantages: standardization of mining machines, preferential prices for mining machines, direct operation of computing power suppliers, and stable power in the mines.
In the future, CoinFans hopes to build itself into “Alibaba” in the mining circle, and provide direct-operated venues for Hash suppliers (mines, mine owners, etc.), and various computing power suppliers can open stores on CoinFans under their own brands. CoinFans mainly provides support for traffic, technology, and operations.
(The scene of the 2021 CoinFans Shenzhen Digital Mining Summit)
It is understood that computing power providers can connect to the CoinFans platform within 3 days, and can be sold within 5 days of online testing, and CoinFans does not limit the number of units sold. Suppliers can freely set prices and choose a sales cycle of 30 to 720 days. And free custom inventory.
According to James Cao, CoinFans has a comprehensive rating system for rigorous selection of mines, involving site compliance, power stability, mining machine warranty, mine size and guarantee funds, etc., to ensure that the computing power delivered to users is in compliance and stable. CoinFans owns a number of large mines located in Xinjiang, Sichuan, Guizhou, Xinjiang, Inner Mongolia, and other places, with a total load of 1.2 million kW, more than 100,000 mining machines, and a professional team.
04 Win-win cooperation, business experience of distribution cooperation
To stabilize the abundant Hash supply, the next step is to develop channel capabilities and sell computing power products.
CoinFans (bi-fans.com) is making efforts to find computing power distributors, and tool platforms such as exchanges and wallets are its target customers.
CoinFans will help partners of different platforms and different service providers, based on cooperation, not only to provide the underlying technical support but also to tailor customized services for customers. Partners only need to consider that sales do not need to be distracted by too many things. Standardization is not only reflected in CoinFans’ own products, but also provides the most standard and complete cooperation business opportunities for CoinFans partners.
According to James Cao, in addition to providing users with a platform to purchase Hash, it is also necessary to create a one-stop service experience for users. At present, CoinFans is making efforts to cooperate with third-party service providers in finance to meet the needs of users and create a win-win mining ecosystem.
Recommended News
-
Billionaire Investor Howard Marks Warming to Bitcoin
Howard Marks, co-founder of alternative investment manager Oaktree Capital, says he has reconsidered his previous “dismissive” stance on bitcoin (BTC, +3.28%). The investor, who is worth $2.1 billion according to Forbes, previously said in a 2017 memo that cryptocurrency was “an unfounded fad.” The comment was “a knee-jerk reaction without information,” Marks conceded in a video interview with the Korea Economic Daily on Monday. While he’d previously considered bitcoin to have no intrinsic value, he said that “there are plenty of things that people want and value highly that have no intrinsic value. How about a…
-
Former US Senator Joins Binance as Policy Adviser and Government Liaison
Cryptocurrency exchange Binance has hired former U.S. senator and ambassador to China Maxwell Baucus as a government relations adviser. The exchange announced Thursday in a press release it had hired the long-term government official to provide guidance and advice to the firm and work with U.S. regulators. The move could signal a shift in Binance’s approach to the U.S. market, which it currently doesn’t serve directly. Baucus was an ambassador to China under former President Barack Obama between 2014 and 2017. Prior to that, he served in the U.S. Senate and…
-
First game of Metaease — Heroland overview
Metaease has officially launched and it’s first game—- Heroland is coming and will soon under beta test. Now let’s have a overview about this project. Heroland is an SLG mobile game based on blockchain technology with gameplay as its starting point and foothold. Our design idea is to give full play to the entertainment and educational significance of the game. While bringing game value to users, we use blockchain technology to make the game run in an open and fair environment to ensure game fairness and asset safety among players….
-
Uniswap Unveils Version 3 in Bid to Stay DeFi’s Top Dog
Uniswap, the leading decentralized exchange (DEX) on Ethereum and a centerpiece of the $42 billion decentralized finance (DeFi) sector, is releasing its third iteration. In a Tuesday blog post, the firm behind the platform said its aim is to make Uniswap “the most flexible and efficient [automated market maker] ever designed.” AMMs – once nearly solely the domain of Uniswap – have grown in stature along with DeFi’s emergence last year. Rivals like SushiSwap, 1inch and others have also made the exchange of Ethereum-based assets easy for many crypto natives. Uniswap…
-
US Government Sues Decentralized Content Platform LBRY Over $11M in Token Sales
The U.S. Securities and Exchange Commission (SEC) is pursuing yet another case of a blockchain company allegedly selling unregistered securities. According to court documents filed Monday, peer-to-peer content distribution network LBRY is being accused of selling “millions of dollars worth of unregistered securities to investors” beginning in 2016. The securities regulator is seeking a permanent injunction against LBRY from selling further tokens in addition to a disgorgement of “ill-gotten gains” plus prejudgement interest. The SEC says the securities were sold in the form of LBRY Credits (LBC), which were communicated to investors as…
-
1 million Chaingers, let the world hear your voice!
The total locked-in value of decentralised finance is now a staggering 310 billion and the market keeps on growing as more and more investors are starting to shift towards DeFi; which is great news because the blockchain industry can’t possibly grow without the support of its world wide users, and at the same time, traffic is the main thing that will keep projects going in the long run. As the DeFi industry continues to evolve, Chainge, a coded financial platform customised for both institutional and individual investors, is in full swing…
-
DeFi Major Aave Working With Polygon to Bypass Ethereum Congestion
Decentralized finance (DeFi) firm Aave is working with Ethereum layer 2 Polygon to address the congestion currently experienced on the second-largest public blockchain. Announced Wednesday, Aave will be exploring scalable sidechains with Polygon (formerly known as Matic) to escape the high transaction fees that currently exist on Ethereum. Aave says it will use a soon-to-be available smart-contract bridge that will seamlessly port assets from one network to the other. The “DeFi Summer” of 2020 has not really slowed down, with close to $43 billion currently locked within DeFi lending platforms. Built…
-
The first year of the blockchain: Consensus Alliance enters the blockchain industry
Blockchain technology is derived from Bitcoin, as people know more about blockchain technology, the blockchain industry is also undergoing great changes. Whether at the level of capital or innovation, blockchain has always been a hot word in 2016. The technical characteristics of distributed general ledger, encryption algorithm and programmability based on blockchain are regarded as the cornerstone of future digital society. Blockchain is expected to lead human society to evolve from information Internet to value Internet. Even, this most subversive technology after the Internet is likely to set off…
-
CoinW pioneer’s the strides of world-class comprehensive crypto capital venture, as the EAFF E-1 Championship concludes.
After 9 days and 12 matches, the EAFF E-1 Championship 2022 officially came to an end on the 27th, with a total of male and female soccer players from China, Korea, Japan, Hong Kong, and Taiwan. The offiical supporter of EAFF E-1 Championship 2022, CoinW, cheers for the participating football players. After 12 matches, the host, Japan, won the 2022 East Asian Cup men’s and women’s football championships, the Chinese women’s football team won the second prize, and the Chinese men’s football team, composed of young players, won the third…
-
GTMOBlob: Ein Blockchain-basiertes Ökosystem für die medizinische Versorgung
Derzeit werden alle medizinischen Informationssysteme mit Blick auf medizinische Einrichtungen verwaltet und betrieben. Um die Privatsphäre der Patienten zu schützen, ist die Weitergabe und der Austausch von Informationen außerhalb medizinischer Einrichtungen grundsätzlich nicht erlaubt, mit Ausnahme von Patienten, die den Zugang und die Einsicht in ihre persönlichen Daten beantragen. Ein solches einrichtungsorientiertes System zur Verwaltung medizinischer Patienteninformationen führt unweigerlich zu einer Fragmentierung medizinischer Daten zwischen verschiedenen Krankenhäusern, und die Fragmentierung medizinischer Daten verringert die Qualität medizinischer Dienstleistungen. Der steigende Bedarf an medizinischen Informationen im Bereich der medizinischen Forschung und der…