How much do you know about Bitcoin's digging?

Recently, people's attention has been attracted by the ups and downs of the Bitcoin market, and the attention to the coin miner has cooled a lot. The author has written an article in July this year, "Dig Bitcoin profit rapid decline Futures mine machine are all pulling what light?" , exposing the network of so-called mining machine group purchase, the prediction of which in September after the basic fulfillment, but also caused a lot of property disputes. In fact, in the past November, with the advent of a new generation of mine machine chips, this scene is again staged, and still follow the "name is scheduled, really for fund-raising," The empty Gloves White Wolf, a large number of "miners" once again suffered exploitation.

First, some basic information about Bitcoin ore machine:

What is a bitcoin ore machine?

In simple terms, like a computer mainframe box, plug in the network cable and power, configure the account information can automatically "dig"-generated bitcoin.

How long is the life cycle of a Bitcoin miner?

As the difficulty of bit-money digging will gradually rise (about 13 days or so up to 30% difficulty), a mining machine generated bitcoin will gradually reduce the bit money it dug up to pay for its consumption of electricity when the end of life. Roughly speaking, this cycle is about four months.

Unlike a computer, a Bitcoin miner can only dig mines and not do any other work, at which point the mine machine will become useless scrap metal.

What is the threshold for the manufacture of Bitcoin ore machine?

At present, the mainstream mine machine is based on a special chip called "Avalon", only a team called "Pumpkin Zhang" in the manufacture and sale, the team discloses the production of the ore machine, any factory with electronic technology can be used in the way of gourd painting ladle to make.

But the special place is, the manufacturer needs to first to "Avalon" chip dealer payment purchase, but does not have the account period like the ordinary component. A mine machine light chip cost will be about 7000 yuan, accounted for seven or eight of the total cost, and the existing mining machine manufacturers/Vendors are small teams, there is no such a lot of cash to buy chips, so the miners are required to pay first, purchase to the chip after the production of the ore machine--equivalent to passing the cost and risk to the miners.

What are the factors that affect the price of the bitcoin ore machine?

The price of the ore machine is determined by the income it generates, which is affected by the price of the bitcoin and the difficulty of digging the ore. In September this year, for example, the mining difficulty of the October is rising, but the price of bitcoin has been stable around 700 yuan, so the mine machine will be reduced once a period of time price; by November, as the price of Bitcoin soared, the price of Ore machine also rose several times, and then there appeared a phenomenon of the price of goods.

Here is a few paragraphs on the recent network of the author to see the Story of the Mine machine:

Mine machine business case one: 42BTC, asicme--, the older generation futures miner

This is the futures of the old gone, 42BTC and Asicme is more well-known at the time of the two mining machine team, are in June to collect millions of ore machine, because the chip to three months before the arrival, so the miners must not be in the middle of a refund. But by September there was a delay in the chip (there are rumors that Pumpkin Zhang refused to issue), 42BTC and Asicme is unwilling to return the whole money to the miners, Bai miners suffered heavy losses.

Mine machine business case two: Ant mine machine--make money by cash advantage

The manufacturer of the ant miner, called the "bit Continent", came out of nowhere in the November. The magic is that they use the chip for their own research and development, the same power consumption under the same power than the famous Avalon 2 generations lower than several times, and as early as November in the middle of the cash supply.

Ant mining Machine pulled hundreds of people into the QQ group, originally announced that will be in the public price 17th. At that time, it was the key node in which Bitcoin began to soar, and the Avalon Mine machine was in the lean of a generation of unsold and second generation machines for technical problems. So the ant mining machine to see the situation, has been dragging not open prices, until 19th to announce the price of more than 18,000 yuan, far beyond the miners ' expectations-and by virtue of the advantages of spot supply all the way up the price, has now risen to 36000 yuan.

According to a veteran miner's prediction, the cost of the ant mining machine should be 5000 yuan up and down, one of the profits of up to 120,000 yuan.

Mine machine business case three: Jiezi/Ice Ice Purchase--violation of Taobao regulations were sealed shop

These two can be considered as a new generation of "futures Ore Machine", and the same method described earlier-first asked the miners to direct the money to them, they use the money to buy chips after the rush to build the mine machine and then shipped to everyone. Of course, because Avalon chip is already in stock supply, the futures cycle is much shorter, but due to the mining machine circuit technology problems, in mid-November to pay the first batch of miners to the end of November only received the machine.

Of course, those days is the price of Bitcoin crazy Day, the price of the mine machine also with the surge, the first batch of 300G calculation of the number of machines to bid 18500 Yuan, the second batch of 200G calculation of the machine 14000 Yuan, the third group of 200G calculation of the force to rise to 18500 yuan. It is estimated that the cost of Avalon is about 10000 yuan, because the market time is later than the ant mining machine, so the profit is inferior to the latter.

Because Jiezi and ice ice purchase request miners in the absence of goods in the case of payment, and the amount of money, caught Taobao attention, at the end of November their Taobao shop has been banned. After the miners want to buy the machine is required to directly to the bank card, compared to Taobao before the purchase of security.

Miner case One: Ling--one months to dig up 2 Bitcoin is still difficult to return to this

Ling long-term attention to bitcoin, but only recently determined to buy a mine machine, he spent more than 18,000 yuan in late November to buy an ant mine machine. This machine structure is simple, without power supply, the miners need to buy their own power and to be modified to start digging, ling hands-on ability is poor, under the guidance of friends to get these.

Today, Ling has dug up two bitcoin, only half of the cost, he said he was lucky, the price of purchase is not outrageous, those who spend 36000 buy the machine will never return to the book.

Miners case two: Mr Wei--the merchant asked to add 5000 yuan to redeem

Mr. Wei is the first batch of Taobao shop in Jiezi to buy mining machine users, at that time the nominal is 300G calculation force price 23000 yuan. But after payment, he received a customer service call and was told that 300G machine because of technical problems can not be made out, and asked him to add 5000 yuan to two 200G machines. Although some reluctantly, but with the expectation of wealth, he still paid more than 5000 yuan.

Received the goods, he found that there is a machine can not boot, call to find customer service, customer service let him dismantle the machine to reconnect a line. Fortunately, after doing so, the machine works-just one of the miners will be able to reboot itself one or two times a day.

Miners case three: Mr. Liu--the mine machine is broken. Customer Service No matter

Mr. Liu spent 14000 yuan a set in Jiezi Taobao shop bought two Avalon generation Ore machine, one of them in the work half a day after the Power burn. Call to find customer service, customer service said can not solve, let his own local to find the power of the dealer replacement. When he took the power to find a local dealer, the other side said that the model does not have the power, let him discount 800 yuan and add 1700 yuan to buy another power.

Miner Case FOUR: Mr. Fang---wait half a month to receive an empty box

Mr. Fang is an old miner, very clear to buy ore machine is difficult to return to this situation, but he in order to study the structure of Avalon, spend 14000 yuan in Jiezi shop bought a mine machine. November 24 payment, until December 12 only received, but opened the parcel a look, found inside unexpectedly is an empty box. He called to find customer service solution, a call Lily's customer service said send the wrong goods, let him express back and can send a back. Mr. Fang asked the merchant to pay the courier fee, Lili appears very impatient, loudly snapped the wrong goods is not her reason, let Mr. Fang Find express solution to himself, and refused to bear the express fee.

At this point, Mr. Fang's integrity of the business is completely disappointed, hoping to resolve through Taobao complaints. But after the Taobao station to apply for After-sale and play Taobao customer service phone found, because he has paid more than 15 days, plus the store has been banned, Taobao is no longer responsible for mediation.

This shows that the bit-coin ore machine, although there is profiteering, but as a kind of gray industry, manufacturers/distributors will not provide after-sales service, and the quality is completely insecure. A person with experience in manufacturing a mining machine said at present, due to a RT9187 component is out of stock, the "flying Line" method is used to solve the Avalon, the quality is very unreliable, less a week, more than one months will be broken; a short period of restart or crash problems can be resolved by power, In addition to the miners ' eagerness to make money, these problems will be overlooked.

In addition, because the price of Bitcoin ore machine is a businessman using the blind mentality of miners, so you feel able to return to this in a month or two, but in fact, due to the difficulty of mining and bitcoin price fluctuations in fact, it is difficult to return to this. And even if in three months or so back to Ben, at this time of the mine machine because the difficulty is too high has dug something to come, the equivalent of the previous months you are in the help of mining machine merchants.