What is Nanchang Mining Machine for? (What is the annual output value of Nanchang Mining Machine?)

What is Nanchang Mining Machine for? What is Nanchang Mining Machine for? Wang Jianguo, Chairman of the Jiangxi Province Blockchain Industry Alliance, said that currently there are over 1000 companies operating in China, while only 500 companies are actively carrying out operations domestically. However, we have also seen that the profit models of many small and medium-sized enterprises in the market have been affected unfavorably: for example, some small companies or individuals cannot engage in financing transactions due to a lack of funding sources.

Therefore, many people are more cautious about investing in this area. However, in fact, there has already been some understanding of this industry. Moreover, due to the large size of the entire market at present, coupled with the craze for cryptocurrencies and mining, many ordinary users have not participated in the game of mining Bitcoin, so they have become the objects of being fooled. Of course, if someone really wants to purchase a machine with larger computing power and higher efficiency and wants to use it at home, they will definitely have to spend more time and effort to pay the bill.

In addition to the mentioned projects above, there are many other mining businesses, including companies like Antpool (formerly known as Bitmain), Huaqiangbei Electric Power, Shenzhenju, etc.

What is the annual output value of Nanchang Mining Machine?

According to the “Nanchang Daily” report, Chen Bo, Deputy Director of the Nanchang Municipal Bureau of Economy and Information Technology, said, “Currently, Nanchang has formed a large-scale and intensive mining machine output value and profit-making capability. It is estimated that it will reach about 3 million units this year.” In addition, he revealed that the computing power in the region has already reached 150P level. According to data from China Electric Power News, since the end of last December, the proportion of Nanchang’s total network bitcoin computing power has continued to rise. From January 2018 to the present, the national computing power has increased by 215%, and Bitmain’s production capacity has doubled in Xinjiang, Inner Mongolia, and other regions. In early September 2020, the province added more than 100 ASIC chip manufacturers in total. (China Securities Journal)