After Sichuan banned “mining”, where will the next mining paradise be?

On June 28, Sichuan Province issued a clearance document for virtual currency mining, requiring the province to immediately carry out a dragnet investigation. If suspected projects are found, they will be shut down immediately and completed before August 25, and are strictly prohibited. Approval of virtual currency “mining” projects in any name.

At 0:00 on June 20, Sichuan Bitcoin and other virtual currency mines collectively shut down their power, making it a hot topic.

Close. The cessation came as expected, and the last hydropower position of Chinese miners was lost. At present, there are only two ways for domestic miners, either to stay in the mines or to escape overseas. Where are these countries? It may become a future battlefield for miners

Kazakhstan may become a paradise for Bitcoin mining

1. Low electricity costs

Kazakhstan has abundant resources. China's coal resources are mainly thermal power, and it is recognized as one of the regions with the lowest electricity costs in the world. Data shows that the cost of electricity per kilowatt hour is US$0.03 (about 2 cents). In some places, the cost of electricity can even be reduced. To less than 1 gross per kilowatt hour, very competitive.

2. The climate is suitable. Ekibastuz is located in northern Kazakhstan close to Russia. In a city, the temperature in the hottest months of summer rarely exceeds 28 C.

Many mines will control the temperature at around 20 degrees, so the temperature in Ekibastuz is very suitable. Mining machines.

3. Open policy.

Kazakhstan prohibits the use of cryptocurrencies such as Bitcoin, but has gradually legalized it in the field of mining.

Kazakhstan. The electricity surplus continues to reach 4,000MW. Therefore, government support may be a big advantage for Kazakhstan to build a Bitcoin mining ecosystem.

Yerbolsyn, director of Enegix, Kazakhstan’s leading mine, said: “Kazakhstan’s. The mining industry is booming. A key factor that makes Kazakhstan a safe location for mining investments is government policy that treats crypto mining as a legitimate business activity and source of economic growth. ”

4. Geographical advantages.

Yerbolsyn believes that geographical advantages will make Kazakhstan the best choice for Chinese miners in the era of mining overseas.

China and The borders between Kazakhstan are open and containers are imported free of charge. Imported products are subject to 12% VAT and no additional customs fees, which is the cheapest among the CIS countries.

Kazakhstan’s head mine Enegix has secured pre-commencement agreements to develop mine projects larger than 500 MW, mainly in the Ekibastuz region. They are also looking for more locally and abroad. Business opportunities.

Currently, Chinese mining companies have established websites in Kazakhstan.

The United States is a promising new location for miners. 1. The cost of electricity is low. /p>

Texas in the United States has abundant and cheap electricity resources and low electricity prices. One kilowatt hour of electricity is equivalent to more than 3 cents in RMB.

2. Politicians support. p>

There are politicians in Texas who support crypto assets, such as Governor Greg Abbott, who has publicly supported Bitcoin mining and believes that it may be a valuable industry for the United States.

In addition to Texas in the United States, Kentucky is also attracting Bitcoin miners through policy guidance. In March this year, this coal-rich region passed a law to invest US$1 million in new machines for Bitcoin mining in the state. Mining companies provide tax incentives.

According to currency circle news, Jiang Zhuoer, the founder of Lebit Mining Pool, plans to move his mining machines to Texas and Tennessee. A like-minded miner is already preparing shipping containers to load his mining rigs in the oil fields of West Texas.

However, due to the high energy consumption of Bitcoin mining and its impact on the environment, the relocation of miners will certainly be opposed by local environmentalists in the United States. It will be difficult to completely relocate to the United States.

Russia is also a powerhouse in mining computing power

1. The cost of electricity is low.

The country’s well-known mining farm BitRiver is located in the Irkutsk region, only a few kilometers away from the Bratsk Hydropower Station with a power generation capacity of 4,515 MW, which is said to be less than Sanmao.

2. Climate advantages.

Many mines control the temperature at around 20 degrees. Like Kazakhstan, Russia’s climate is also very suitable for mining machines.

For Chinese miners who want to continue to make gold in Bitcoin mining, going overseas has become a foregone conclusion. Although the above places are suitable for the relocation of mining machines, until the global epidemic is not generally under control, whether mining machines or personnel are leaving the country, they will face cumbersome procedures.

Cryptocurrencies such as Bitcoin have experienced significant fluctuations recently, so please be aware of the risks.

It is foreseeable that under the crackdown by local governments, the number of Bitcoin mines and miners in China will continue to shrink, and its share of global computing power will also continue to decline; this may also mean that China The era of Bitcoin mining has come to an end, and overseas Bitcoin mining in North America and other countries has begun to rise.

In response to the issue of mining going overseas, the leading mining machine manufacturer Bitmain held a closed-door invitational meeting in Chengdu on June 19 with the theme of "mining overseas". Provide convenient conditions for domestic miners and mine owners to go overseas. Judging from the current situation, going overseas has become a trend.

List of mining overseas deployments

According to Kaola Finance, I understand that currently leading mining companies are basically on the road to overseas deployment. The current layout of large-scale miners and mines is in the United States, Kazakhstan, Canada, and Russia.

United States:

Crescent Electric Supply Company has made statistics on the cost of Bitcoin mining in various states in the United States. Among them, the top five states with the lowest cost of mining BTC are: Louisiana ( The cost of mining one Bitcoin is $3,224), Idaho, Washington, Tennessee, and Arkansas. The five most expensive states: Hawaii (the cost to mine one Bitcoin is $9,483), Alaska, Connecticut, Massachusetts, and New Hampshire.

First, financial and foreign trade policies. Does it support cryptocurrencies, or allow mining? Will the mining machines be suddenly confiscated? If there is a natural disaster, will power loss be subsidized? Are there any new tax incentives? Are there any preferential or discriminatory policies for Chinese companies?

The second is energy and environmental protection policies. How to commit to reducing emissions internationally? What is the current carbon emissions situation? Are there enough clean energy alternatives? If the host country has prominent environmental issues, on the one hand it must restrict high-energy-consuming activities to protect the world, on the other hand it must purchase carbon emission rights at high costs and cannot make ends meet, cryptocurrency mining farms will inevitably become the target of public criticism.

In any case, looking back, the transfer of Bitcoin computing power and the infrastructure built around it has accelerated overseas, and the process of de-Chinaization of Bitcoin computing power has begun.

Bitcoin’s short-term support is US$46,000-47,000, and short-term pressure is US$49,500-50,500. It continues to fluctuate in the range of 46,000-50,000 US dollars, and the trend is still entangled. From the K-line structure, the upward will is strong, but from the MACD direction, the short-term adjustment will not end soon, so everyone is still close to 46,000 US dollars to take the long position, and then rebound to 50,000 Reduce positions at USD. But don’t go short, it’s only a matter of time before $50,000 is captured.

#digital currency# #BTC[超话]# #欧易OKEx#