"Mine machine" business recovery

Absrtact: At the beginning of November, the price of a bitcoin was more than $200, but at the end of the month, prices had soared 4 times times more than 1000 dollars. However, in the Yang Yaorui bit currency field of entrepreneurial network (now renamed Renren) co-founder of the United founder, it seems, if able to hold a long-term

At the beginning of November, a bitcoin price was more than $200 trillion, but at the end of the month, prices had soared 4 times times more than 1000 dollars. However, in the Yang Yaorui, the founder of the Campus Network (now renamed Renren) co-founder of the net, if able to hold the long-term, Bitcoin is still a good investment target.

May 2013, Yang Yaorui launched the establishment of ASICME company, main can dig to bitcoin "mining machine" business, the company set up less than one months, sales reached 5 million yuan.

In June, Yang Yaorui to sell "mining machine" business still full of confidence, but wait until November 28, see him again, he was unwilling to continue to sell "mine machine", turned to their own large-scale "mining". In his view, the next two years are still the golden age of mining.

"Mine machine" business recovery

June, Interview Yang Yaorui, his bitcoin "mine machine" is Taobao on the best-selling products, many buyers willing to wait a few months to queue to buy ASICME ore machine. On a small-scale salon about Bitcoin, Yang Yaorui's "mining Machine" became a star, prompting dozens of of people to flock to the crowd.

At that time, through the continuous chip calculation of the generation of Bitcoin ore machine in the world is a tight cargo, huge bitcoin demand and supply of ore machine inequality, let Yang Yaorui decided to plunge into the field of entrepreneurship.

ASICME Mine machine pre-sale situation is good, but the core components-chip is not controlled by ASICME company, they also need to wait for Avalon (Avalon) Company delivery. This has buried the "hidden trouble" afterwards.

Due to the Avalon chip delivery failed to achieve within the expected time, and over the past few months, the global mining Bitcoin computing capacity has soared, resulting in buyers originally expected to recover costs within one months of the mine machine, it will take a year or even longer to be expected to recover costs. It is worth mentioning that, in the buyer's expectation, at that time did not consider the rise in the price of the bitcoin.

Some buyers began to ask for a refund. Although at the beginning of the purchase, the ASICME team on the notice, if the application for a refund, can only get a full 20% of the refund, some buyers or request full refund, or even alarm said ASICME team suspected of fraud.

Yang Yaorui revealed that the ASICME team total pre-sale more than 1500 sets of mining machines, about 90% of the customer finally signed for the mine machine. "If they've been digging for mines ever since, they're going to make money," he said. ”

Suspend the mining machine business

Over the past few months, the global computing power of the mining Bitcoin has soared, which has led to a much lower chance that a single miner will be able to dig up Bitcoin, but the price of bitcoin is actually rising. It is still a good investment to buy a bit-coin miner to dig mine.

However, for the sale of Bitcoin ore machine business, because the profit by the chip companies to take the majority, and there are sales caused by the cost problem, the profit has been very low. In addition, highlighting its return to trouble also let Yang Yaorui have "vomiting blood" feelings. To this end, he decided to suspend the sale of the mining machine business, instead of digging their own mines, while developing some bitcoin payment tools.

According to their calculations, the cost of digging a bitcoin has risen to more than 2000 yuan, but there is still a lot of profit compared to the price of Bitcoin, Yang Yaorui said. He believes that the next two years will still be the golden Age for mining.

While the price of bitcoin has plummeted over time, Yang Yaorui is adamant that Bitcoin is still a good investment target. He said that if you have idle funds, you can make a certain amount of Bitcoin investment, if you insist on long-term holdings, will certainly gain.

Yang Yaorui said he would take the bitcoin machine as a long-term project. According to him, his team is also currently carrying out research on mine machine chips, and may also be involved in this field in the future.