In Sichuan province will launch a million mining-rigs. Waiting for boom Hasrat Bitcoin?
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During the dry season, the miners from Sichuan spread out across the country. With the advent of the rainy season the cost of hydropower decreases again, and in may is expected to resume in the region. At the moment the estimated number of installations reaches a million.
Xu Feng serves mining farm in Sichuan province for 5 years. In October last year he had to suspend operations and sell all your due to falling prices . About the same time in the region began in the dry season, during which the cost of hydropower is increasing.
Although before the official start of the rainy season is still two months, the miners flocking to Sichuan from the beginning of the year. As Xu says, it all the area farms, and even space in the hangars still under construction are already booked. And this year more people mine Bitcoin. The stories of the professional miner as soon as all of his hangars are completed, the farm can accommodate up to 100 thousand ASIC miners model S9.
However, this year I do not expect a profit. Most likely, you will have to wait for halving Bitcoin in the next.
As history shows, the price of a coin always jumped immediately after . This explains why miners like Xu Feng ready to mine at a loss in the short term, to get a significant margin.
Most Chinese mining farms located in Sichuan, Guizhou, Yunnan, Xinjiang and Inner Mongolia. Most likely, this is due to in these regions and accordingly its low cost. Xu Feng says that a month of mining during the rainy season, equivalent to a year's work in the dry season at low water. More data to search for .
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