The price of fiat money is falling

Bitcoin exchange fiat currency price decline, the outside world generally think Bitcoin began to cool down, but the price fluctuation did not conceal Bitcoin from the trading level to the broader market tide surging, in addition to active speculators, a group of start-up companies began to upstream, the mining machine to do the hardware business, In their view, the price fluctuation of bitcoin does not affect people's interest in digging ore, mining machine business is of great value.

Mining boom to generate mine machine business

Although Li Jean (a pseudonym) has long heard of bitcoin, it is a recent event to really understand and enter the industry. At that time, a large number of reports that the price of Bitcoin to exchange RMB from more than 1000 yuan fell to more than 600 yuan, many people saw the news after the opportunity to buy a lot of buying. In fact, the price of Bitcoin has continued to fall, and even approached 400 yuan/bitcoin.

Even if prices fall, the huge profit margins still allow Lee to generate interest in the bitcoin industry. But what is behind this boom? Bitcoin originated from a Ben Cong of people in a Web name, officially born in 2009. Its professed peer-to-peer approach to production, to the central, without fees, security, limited amount, open and transparent, a series of characteristics, but also made bitcoin from the first few cents to the current close to 6000 yuan a.

According to Ching original design theory algorithm, Bitcoin will be produced in 2140, the total amount reached 21 million, and the number of bitcoin is halved every four years, now has produced 1100多万个. Then there are only two ways Li Jean want to enter--to produce or buy from others.

Trading Bitcoin such as buying and selling stocks, and Bitcoin does not exist trading or falling, playing is the heartbeat. Although some people strongly advocated that Bitcoin is bullish for a long time, and must continue to rise, but to see those 650 yuan buy or not to solve the current still can not help but retreat. Then consider making your own.

The production of Bitcoin is based on the principle of Peer-to-peer, which is called mining in professional circles. The performance of mining equipment has affected the efficiency of acquiring Bitcoin to some extent. 2009 Bitcoin just appeared, the general common computer to run the corresponding mining software can get bitcoin. By 2011, it would require a highly configurable video card. Now, after the ASIC developed, the graphics card has been completely behind the times, must use a dedicated mining machine.

Avalon is one of the earliest specialized ASIC chip-mining teams in China. Avalon originally sold ore machines, but when they found that chip profits were much higher than mine machines, they sold only chips, and they were sold in 10,000 pieces, with a series of overlord terms that did not promise to refund, but if users wanted to buy the same type of American butterfly miners, they were more likely to buy lottery tickets.

In fact, domestic enterprises in Shenzhen Roast cat is still studying another set of industrial ideas, they do not sell ore machine as the main means of profit, the focus is still on the production of mining machines themselves mining, and openly in the forum to sell some shares of the company. Some data show that the cat's calculation of the total strength of the global more than 20%.

Although slightly exaggerated, but the Bitcoin mining machine industry formed a terror of the credit system, each of the miners and bitcoin interested users are hungry waiting, the market is seriously out of stock.

Mine machine market not only can sell hardware

For Li Jean, you can choose from the second-hand market to tens of thousands of dollars to buy a mine machine, or the production of their own mining machine. In fact, Li Jean had similar experiences and ideas with former Facebook co-founder Yang Yaorui, in the case of not buying a miner, "the best way to make a thing come true quickly is to do it yourself", and set up a professional mining machine service team asicme.com to provide a package of mine machine services.

Li Jean first to the Bitcoin network to download a wallet, and to synchronize updates, and then to MtGox, BTCChina, such as the Exchange platform on the first cash into Bitcoin, extracted into Li Jean wallet; Go to a Bitcointalk official forum to buy the only publicly sold and futures Avalon chip. If Avalon and trustworthy, Li Jean wait until the chip delivery will take about three months time, and then find someone to assemble the completion needs one months, after the mining machine all assembled, finally can get the machine.

But get the machine is the beginning of Bitcoin production, Lee let must network UMC to start operation, can join Bitcoin production army. Now the global Mining Machine computing power is more and more strong, Lee let must find a suitable mine pool, and a group of small partners together to dig mine, the pool will charge Li let 3%-7% of the calculation of the force fee, but even so, or than Lee let himself dig to earn more.

Mining machine maintenance is not a cushy errand, 24 hours of continuous network of continuous electrical operation, noise, heat dissipation are a test, after all, open the machine can make money to say nothing can stop AH. And pray that the machine must not go wrong, or a problem will have to stop, the outage means loss. Therefore, Lee let the need for professional mining machine hosting and even the mine Pool service.

According to asicme.com official website data show, the mining machine hosting services, maintenance, operation and even join the network operation, package package, minus 8% as a managed operation cost, the remaining 92% calculation force, compared with the global total computing power, you can get their own bit coins, Obtained from the trustee at regular intervals.

Bitcoin application remains to be explored

Does getting bitcoin mean everything is all right?

If the Li Jean is a long-term bullish bitcoin, and has enough economic base to do support, it can completely put the bit coins on the shelf, waiting for long-term appreciation. But most people don't have that much cash. Li Jean had to put the dug Bitcoin in the trading market to sell part of it to maintain investment or overheads.

Bitcoin trading platform, in fact, this is also the current most profitable investors and speculators lurking place. Many exchanges have not been able to achieve the docking with Bitcoin, or completely in accordance with the artificial way to recharge or to present. In the process of changing hands, the birth of a terrible handling fee, the handling fee is how high? To the domestic largest bit currency trading platform BTCChina Alipay Recharge For example, Alipay deduction 0.5% handling fee, platform deduction 0.5% handling charges, trading transaction fee of 0.3%, cash for the processing fee of 1%, The total reached 2.3%.

In addition to the currency with the legal exchange, the current other uses are not much, so more time to become speculators to use the hype. At present, Bitcoin can only buy items on nearly 30 websites, and can also buy shares of various Bitcoin companies issued on Mpex and BTCT. With the Bitcoin trading platform to earn a fiat money and Bitcoin difference is that the purchase of Bitcoin Forum IPO stock is the pursuit of dividends, many shares of dividends are in weeks, the effect of 7th visible.

Although Bitcoin has initially experienced a sharp drop in currency exchange, it is still in the early stages of development. For the current entrants, although the profit is not as good as tens of thousands of times in the previous years, the thousands of times-fold, but relative to other investments, Bitcoin-related investment is still an excellent wealth management products.

In the current case, the safest way to make money without worrying is to buy a mine machine to produce Bitcoin, back to this cycle may continue to pour into the cycle, but more worry, or a part of the first choice; want to play the heartbeat of course is to buy and sell Bitcoin to earn the difference, but pay attention to the high fees may be not full of the purse further withered. The holding of Bitcoin-related companies is a choice between the two, the security of the account should be done to prevent and attention, because once lost or stolen almost no way to find.