How does the virtual currency mine circle respond to the “elimination” crisis?

"In their eyes, they feel that our industry is very backward."

The Development and Reform Commission issued a paper on the "Industrial Structure Adjustment Guidance Catalogue (2019, Draft for Soliciting Opinions)", and sent "Bitcoin mining will be eliminated" to the hot search list.

From the outside world, this is a fatal blow to the mining of cryptocurrency.

China has almost monopolized the global bitcoin mining machine, in which Chinese sellers have absolute say.

How will miners and mining machine manufacturers respond to the industrial restructuring announced by the National Development and Reform Commission?

Mining machine manufacturers may lay out other industries

On April 8, the National Development and Reform Commission issued the "Guidance Catalogue for Industrial Structure Adjustment (2019, Draft for Soliciting Opinions)", and listed "virtual currency mining activities" as an industry that has been explicitly eliminated or immediately eliminated by the national industrial policy. The time for comments is from April 8, 2019 to May 7, 2019.

Among them, the eliminated industries are mainly backward processes, technologies, equipment and products that do not meet the requirements of relevant laws and regulations, do not have safe production conditions, seriously waste resources, pollute the environment, and need to be eliminated.

"This news has been rumored recently, and we have received a lot of advice from foreigners." Bit micro insider Huang Ming (a pseudonym) raised the NDRC's announcement, full of worries.

Bit Micro mainly produces Shenma mining machine.

According to the 2017 CCTV survey, 70% of the world's bitcoin is mined through China Power.

According to data from 2018, the top three digital currency mining machine manufacturers in the world are founded by Chinese. Among them, Bitian, Jianan, and Yibang International have more than 90% of the world's share.

China has almost monopolized the global bitcoin mining machine, in which Chinese sellers have absolute say.

The release of the industrial structure adjustment guidance catalogue has made domestic and foreign users have to worry about the development of the subsequent mining machinery industry.

Although the National Development and Reform Commission is currently seeking public opinions, Huang Ming is more pessimistic.

He believes that the government has the right to take the initiative, the mining machine manufacturers are in a passive choice position, and after all, the arm is not a thigh, the mining machine manufacturers can only rely on the policy.

"The issuance of the announcement of the Development and Reform Commission will affect the determination and decision-making of the customers, and will eventually affect the mining machine manufacturers." Huang Ming said.

Tianyuechao showed that Bit Micro completed the A round of financing on April 24, 2018.

According to insiders, since the second half of 2018, Bit Micro has been financing.

The NDRC's documents are not good for Bit Micro's financing.

"The policy will be considered before the investment of large capital, and the investment will be waited for. If the new capital is reduced and the infrastructure is insufficient, the development of the mining machine will be restricted." Li Feng, who was the owner of the mine, believes that the announcement of the announcement of the NDRC Class investment is extremely disadvantageous.

The mining machine manufacturer has a single business, and its fate is all pinned on the sales volume of the mining machine, and the price of the mining machine fluctuates greatly with the price of the currency. This is the direct reason why Bitian, Jianan, and Yibang International have been unable to go public.

“Looking at the space of policy, it is possible to lay out other industries and do the chip design field in line with national requirements.” Huang Ming believes that the adjustment of the industrial structure of the NDRC is only part of the government policy. The supervision of the industry has never been relaxed, and more may appear later. limit.

Huang Ming said that the current bit micro can only wait and see, and then change direction.

Among them, some mining machine manufacturers said:

First, in fact, since 2013, the policy of the National Development and Reform Commission and the Economic and Information Committee has been similar. It is necessary to control and retreat mining enterprises. However, the interests of the local and departmental involved are too much, so there is no way to implement it completely.

Second, virtual currency mining can make economic benefits of abandoning water and abandoning electricity. I think that regardless of the National Development and Reform Commission or the Ministry of Industry and Information Technology, there is a certain understanding. Therefore, in Yunguichuan, it is rare to propose a comprehensive retreat. The current high-polluting thermal power should be retired.

Miner petition

"If the publication becomes true, then all the mines must be demolished." Li Jin (pseudonym) said to the deep chain finance.

Li Jin has mines in Sichuan, Yunnan, Inner Mongolia and other places, but the scale is not large. Li Jin seems to be somewhat anxious about the announcement of the National Development and Reform Commission, but if it does come true, worry is useless.

Li Jin told Shenshen Finance, after the announcement of the Development and Reform Commission, the miners responded on the website of the National Development and Reform Commission.

The following is the feedback from the miners circulating in the group. Li Jin said that everyone's opinions are similar:


Deep chain finance is summarized, mainly for the following three points:

1. Virtual currency “mining” can consume electricity on the spot, help hydropower companies turn losses into profits, and have no damage to the environment;

2. The mining machine belongs to the chip type product. Different chips produced under different algorithms can improve the chip manufacturing;

3. The elimination category suggests that it can restrict the distribution of mines with large thermal power emissions, and should encourage hydropower.

But some miners are very responsive to this reaction.

"This is just an opinion draft, don't care too much." Miner Wang Fan (pseudonym) said to the deep-chain financial, it is not in a hurry.

Wang Fan’s mine was built in Xinjiang, using thermal power.

Wang Fan believes that if China's mines are fully closed, then Bitcoin will be finished.

Previously, there were also documents for mining cryptocurrency.

In January 2018, the Mutual Gold Remediation Office (the leading group for the Internet Financial Risk Special Rehabilitation Office) said that the “virtual currency mining” enterprise, while consuming a lot of resources, also contributed to the “virtual currency” investment speculation. There are two requirements for virtual mining mining:

First, actively guide enterprises within the jurisdiction to withdraw from the "mining" business in an orderly manner, and actively coordinate the relevant departments within the jurisdiction, and take measures to comprehensively adopt measures such as electricity price, land, taxation and environmental protection to guide the relevant enterprises to withdraw in an orderly manner.

Second, in order to keep abreast of the progress of work in various places, the local rectification office is required to fill in the relevant information on the “mining” enterprises within the jurisdiction before the 10th of each month.

In the second half of 2018, the Xinjiang Uygur Autonomous Region Economic and Information Technology Commission issued the "Notice on the Retirement of Unauthorized Electricity Mining Enterprises".

The notice requires that the main body responsible for the “mining” of the illegal use of electricity shall be the power generation enterprise, and the “removal” enterprise shall be completed before August 30, 2018.

The scope of retreat includes: 1. Unauthorized “mining” enterprises that fail to go through the formalities of industrial and commercial registration, tax registration, social security and other insurance in accordance with national laws and regulations; 2. Non-regular electricity use that has not signed a contract with local power supply companies for electricity use. "Mining" enterprises.

Choose to go out to sea

"People in the circle are worried, but there is no way to eliminate it. It can only be transferred overseas." Zhang Qiang (a pseudonym) has a large-scale mine in Sichuan.

According to the announcement of the National Development and Reform Commission, Zhang Qiang believes that the government wants to fundamentally eliminate mining, and believes that mining, in addition to using energy, cannot bring positive impact to the domestic economy and employment.

When the NDRC issued an announcement, and everyone was worried that the cost of transferring to overseas would be too high, Zhang Qiang said that he was fully prepared. He can now go directly to the Kyrgyzstan layout mine.

In 2018, after Zhang Qiang and his partner went to Kyrgyzstan to inspect, they got a price of about 2 hairs a year and built a small-scale mine here.

The mine has been in operation for one year. Zhang Qiang said that the cost of transferring to overseas is indeed slightly higher, but it is stable compared to domestic electricity.

According to the miners, miners are currently mainly distributed overseas: Kyrgyzstan, Kazakhstan, Malaysia, Bhutan and other places.

"The current impact is not big, and the future impact is great." Li Feng, who was the owner of the mine, thought that the actual implementation of this policy was difficult, and the impact on miners is currently small.

In 2019, miners were preparing for the arrival of the flood season.

"There are about 200,000 aircraft mines built", "300,000 load investment, 12 million", "6000 S9 self-use, to be in stock, some speed contact me"…

Similar to this kind of lively investment information, the mining circle has been going on for more than three months, but at this time the NDRC's policy has cast a shadow over the prospects of some mines.

Li Feng believes that the government has misunderstandings about this industry and hopes to change the current situation through communication.

On the other hand, Li Feng also agrees with this decision of the National Development and Reform Commission, hoping to clean up the amateur players in the circle. In the eyes of Li Feng, the mine's amateur is reflected in: poor awareness of wind control and weak ability to continue learning.

For the development of overseas mines, Li Feng suggested that Europe, Canada and the United States should be preferred, and that attention should be paid to:

First, do not build mines in places like Africa. The business environment has no legal protection;

Second, don't build mines in places like political conflicts.

Wen Yiyi small point

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