Editor's Note: This article comes fromGolden Finance, reprinted by Odaily with authorization.
Editor's Note: This article comes from
Golden Finance
Golden Finance
, reprinted by Odaily with authorization.
During the Spring Festival, as Bitcoin broke through the $50,000 mark and Ethereum broke through the $1,900 mark, the two major cryptocurrencies continued to hit record highs, and the crypto market was boiling.
According to CoinMetrics data, Bitcoin miners earned more than $354 million last week, the highest level ever recorded on the Bitcoin blockchain, surpassing the previous record of $340 million set in mid-December 2017. In addition, the latest data also shows that the cumulative income of Bitcoin miners in January 2021 will reach US$1.09 billion, an increase of US$70 million compared to the US$1.02 billion in a single month after the bear market in January 2018. According to forecasts, the revenue of Bitcoin miners is expected to reach a record high of US$1.25 billion in February 2021.
Sustained high popularity and high returns attract entrants. On February 8, the Internet company The Ninth City (Nasdaq: NCTY) announced that it has signed a legally effective memorandum of understanding (MOU) with six mining machine owners to purchase a batch of Bitcoin digital currency mining machines by issuing new shares. This batch of equipment will include Bitcoin mining machines of different brands such as Bitmain, Avalon, and Whatsmart, with a total of 10,489 units and a total computing power of about 251PH/S. The mining machines have been deployed in Xinjiang, Qinghai, Inner Mongolia and other places. The Ninth City also announced that it has signed a formal purchase agreement with the five mining machine owners who signed the purchase memorandum on January 25 this year. mining amount. After the two purchases are completed, the ninth city will deploy a total of 36,496 bitcoin mining machines, and the total computing power will be upgraded to about 800PH/S.
According to news on February 10, as the price of cryptocurrency soared sharply, local unknown customers in Russia have purchased tens of thousands of mining machines. A local customer has purchased more than 20,000 crypto mining equipment, according to an executive at BitRiver, Russia's largest crypto mining hosting service provider. The mining machines are imported from Asia and cost between $40 million and $60 million. BitRiver also disclosed the relevant information of the customers who purchased the batch of mining machines, and did not disclose the specific models of the mining machines. These mining machines will be placed at a site owned by BitRiver in Siberia.
On February 17, American bitcoin miner Blockcap said in a statement that it had purchased 10,000 Antminer S19s produced by Bitmain to double its hash rate. Under the current mining difficulty of Bitcoin, Blockcap's existing machines can provide a computing power of about 950PH/s, and can generate about 5.5 Bitcoins within 24 hours.
On February 18, Bitcoin mining machine manufacturer EBON International (EBON) will launch Bitcoin mining operations. It is reported that the company plans to operate its bitcoin mining business by deploying a combination of self-produced mining machines and mining machines purchased from other manufacturers, as well as leasing computing power from other mines. At the same time, the company also plans to build a data center to support bitcoin mining activities.
On February 19, blockchain and robotics solutions company BotsInc announced an order for 1,000 bitcoin mining machines worth $4 million. As a result, BTZI is now planning to develop a large Bitcoin mining farm in West Virginia, with the potential to expand to 50,000 Bitcoin mining machines once initial tests show promising results.EthereumInterestingly, the well-known Pakistani TV and video host WaqarZaka also said on Twitter that the Iranian government is said to have more than 45,000 bitcoin mining machines. That could help Iran become one of the world's wealthiest countries and avoid economic sanctions imposed by the United States. Earlier reports said Iran had lifted its ban on cryptocurrencies and dabbled in bitcoin mining. The government announced that it would buy all the bitcoin produced by local miners. Bitcoin proponent Max Keiser believes that Iran and Venezuela could gain trillions of dollars by entering the cryptocurrency mining market.
It is worth noting that although Bitcoin mining is currently highly profitable, due to the intensification of mining equipment bidding wars, mining costs are also increasing. Sell mining machines at a premium. Since February, the price of Bitcoin has risen by nearly 50%, and global demand shows no signs of slowing down.
Not only Bitcoin mining, but with the skyrocketing price of Ethereum, miners are also frantically sweeping up goods. Taking Nvidia's latest and strongest 30 series as an example, the prices of 3060 and 3070 have almost doubled. In this context, Nvidia (Nvidia) announced the launch of NVIDIA CMP in a blog on February 18, which is a dedicated
