By Samuel Shen and Alun John

SHANGHAI\/HONG KONG: A global chip shortage<\/a> is choking the production of machines used to \"mine\" bitcoin<\/a>, a sector dominated by China, sending prices of the computer equipment soaring as a surge in the cryptocurrency drives demand.

The scramble is pricing out smaller miners and accelerating an industry consolidation that could see deep-pocketed players, many outside China, profit from the bitcoin bull run.

Bitcoin mining is closely watched by traders and users of the world's largest cryptocurrency, as the amount of bitcoin they make and sell into the market affects its supply and price .

Trading around $32,000 on Friday, bitcoin is down 20% from the record highs it struck two weeks ago but still up some 700% from its March low of $3,850.

\"There are not enough chips to support the production of mining rigs,\" said Alex Ao, vice president of Innosilicon, a
chip designer<\/a> and major provider of mining equipment.

Bitcoin miners use increasingly powerful, specially-designed computer equipment, or rigs, to verify bitcoin transactions in a process which produces newly minted bitcoins.

Taiwan Semiconductor Manufacturing Co and
Samsung Electronics<\/a> Co, the main producers of specially designed chips used in mining rigs, would also prioritise supplies to sectors such as consumer electronics, whose chip demand is seen as more stable, Ao said.

The global
chip shortage<\/a> is disrupting production across a global array of products, including automobiles, laptops and mobile phones.

Mining's profitability depends on bitcoin's price, the cost of the electricity used to power the rig, the rig's efficiency, and how much computing power is needed to mine a bitcoin.

Demand for rigs has boomed as bitcoin prices soared, said Gordon Chen, co-founder of cryptocurrency asset manager and miner GMR.

\"When gold prices jump, you need more shovels. When milk prices rise, you want more cows.\"

CONSOLIDATION

Lei Tong, managing director of financial services at Babel Finance, which lends to miners, said that \"almost all major miners are scouring the market for rigs, and they are willing to pay high prices for second-hand machines.\"

\"Purchase volumes from North America have been huge, squeezing supply in China,\" he said, adding that many miners are placing orders for products that can only be delivered in August and September.

Most of the products of Bitmain, one of the biggest rig makers in China, are sold out, according the company's website.

A sales manager at Jiangsu Haifanxin Technology, a rig merchant, said prices on the second-hand market have jumped 50% to 60% over the past year, while prices of new equipment more than doubled. High-end, second-hand mining machines were quoted around $5,000.

\"It's natural if you look at how much bitcoin has risen,\" said the manager, who identified himself on by his surname Li.

The cryptocurrency surge is affecting who is able to mine.

The increasing cost of investment is eliminating smaller players, said
Raymond<\/a> Yuan, founder of Atlas Mining, which owns one of China's biggest mining business.

\"Institutional investors benefit from both large scale and proficiency in management whereas retail investors who couldn't keep up will be weeded out,\" said Yuan, whose company has invested over $500 million in cryptocurrency mining and plans to keep investing heavily.

Many of the larger players growing their mining operations are based outside of China, often in North America and the Middle East, said Wayne Zhao, chief operating officer of crypto research company TokenInsight.

\"China used to have low electricity costs as one core advantage, but as the bitcoin price rises now, that has gone,\" he said.

Zhao said that while previously bitcoin mining in China used to account for as much as 80% of the world's total, it now accounted for around 50%.
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全球芯片短缺打击中国的比特币采矿业

全球芯片短缺是窒息的生产机器使用“我”比特币,由中国主导的行业,计算机设备的价格飙升cryptocurrency驱动器的需求激增。

  • 更新2021年1月22日,04:54点坚持
阅读: 100年行业专业人士
读者的形象读到100年行业专业人士

由塞缪尔·沈和阿伦•约翰

上海/香港:A全球芯片短缺窒息的生产机器是用来“我”比特币,由中国主导的行业,计算机设备的价格飙升cryptocurrency驱动器的需求激增。

是定价的争夺小矿工和加速行业整合,可以看到财大气粗的球员,很多中国以外,比特币的牛市中获利。

比特币挖掘是由贸易商和用户密切关注世界上最大的cryptocurrency,比特币的数量他们制造和销售市场影响它的供应和价格。

广告
周五交易32000美元左右,比特币从纪录高位下跌20%两周前袭击,但仍从3月份的低点上涨了700%达3850美元。

“没有足够的芯片支持矿业生产的钻井平台,“Ao亚历克斯说,Innosilicon的副总裁芯片设计和采矿设备的主要供应商。

比特币矿工使用日益强大,特别设计的计算机设备,或钻井平台,验证比特币交易过程中产生新崛起的比特币。

台湾半导体制造公司三星电子有限公司专门设计的主要生产商芯片用于采矿钻井平台,也会优先供应等行业消费电子、芯片的需求被视为更稳定,Ao说。

全球芯片短缺扰乱生产在全球一系列产品,包括汽车、笔记本电脑和移动电话。

矿业的盈利能力取决于比特币的价格,成本的电力用于钻井平台、钻井平台的效率和计算能力是我需要多少比特币。

对钻井平台的需求高涨,比特币价格飙升,cryptocurrency创始人之一戈登Chen表示,资产管理公司和矿商GMR。

“黄金价格飙升,你需要更多的铲子。当牛奶价格上涨,你想要更多的牛。”

整合

Lei,金融服务部门董事总经理巴别塔金融,贷款给矿工,说,“几乎所有主要矿商在钻井平台市场,他们愿意支付高价二手机器。”

广告
“从北美采购量巨大,挤压供应在中国,”他说,并补充说,许多矿工在订的产品只能在8月和9月交付。

大多数Bitmain产品,最大的一个钻井平台制造商在中国,已经卖完了,该公司的网站。

江苏Haifanxin技术销售经理,一个钻井平台商人,说价格在二手市场在过去一年上涨50%至60%,而新设备的价格增加了一倍多。高端二手挖掘机器报价约为5000美元。

“这是自然,如果你看多少比特币已经上升,”经理说,自称姓李。

cryptocurrency飙升谁能影响我的。

增加投资成本是消除小球员,说雷蒙德元,阿特拉斯矿山的创始人,拥有中国最大的矿业业务之一。

“机构投资者受益于大规模和精通管理而散户投资者无法跟上将被淘汰,“元说,他的公司已经投入了超过5亿美元的cryptocurrency矿业和计划继续大举投资。

许多更大的球员成长采矿作业是建立中国以外,通常在北美和中东,首席运营官Wayne赵说TokenInsight加密研究公司。

“中国过去有较低的电力成本的核心优势,但随着比特币价格上涨,现在已经走了,”他说。

赵说,虽然先前比特币矿业在中国用于占世界总数的80%,现在占50%左右。

  • 发表在2021年1月22日下午04:51坚持
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By Samuel Shen and Alun John

SHANGHAI\/HONG KONG: A global chip shortage<\/a> is choking the production of machines used to \"mine\" bitcoin<\/a>, a sector dominated by China, sending prices of the computer equipment soaring as a surge in the cryptocurrency drives demand.

The scramble is pricing out smaller miners and accelerating an industry consolidation that could see deep-pocketed players, many outside China, profit from the bitcoin bull run.

Bitcoin mining is closely watched by traders and users of the world's largest cryptocurrency, as the amount of bitcoin they make and sell into the market affects its supply and price .

Trading around $32,000 on Friday, bitcoin is down 20% from the record highs it struck two weeks ago but still up some 700% from its March low of $3,850.

\"There are not enough chips to support the production of mining rigs,\" said Alex Ao, vice president of Innosilicon, a
chip designer<\/a> and major provider of mining equipment.

Bitcoin miners use increasingly powerful, specially-designed computer equipment, or rigs, to verify bitcoin transactions in a process which produces newly minted bitcoins.

Taiwan Semiconductor Manufacturing Co and
Samsung Electronics<\/a> Co, the main producers of specially designed chips used in mining rigs, would also prioritise supplies to sectors such as consumer electronics, whose chip demand is seen as more stable, Ao said.

The global
chip shortage<\/a> is disrupting production across a global array of products, including automobiles, laptops and mobile phones.

Mining's profitability depends on bitcoin's price, the cost of the electricity used to power the rig, the rig's efficiency, and how much computing power is needed to mine a bitcoin.

Demand for rigs has boomed as bitcoin prices soared, said Gordon Chen, co-founder of cryptocurrency asset manager and miner GMR.

\"When gold prices jump, you need more shovels. When milk prices rise, you want more cows.\"

CONSOLIDATION

Lei Tong, managing director of financial services at Babel Finance, which lends to miners, said that \"almost all major miners are scouring the market for rigs, and they are willing to pay high prices for second-hand machines.\"

\"Purchase volumes from North America have been huge, squeezing supply in China,\" he said, adding that many miners are placing orders for products that can only be delivered in August and September.

Most of the products of Bitmain, one of the biggest rig makers in China, are sold out, according the company's website.

A sales manager at Jiangsu Haifanxin Technology, a rig merchant, said prices on the second-hand market have jumped 50% to 60% over the past year, while prices of new equipment more than doubled. High-end, second-hand mining machines were quoted around $5,000.

\"It's natural if you look at how much bitcoin has risen,\" said the manager, who identified himself on by his surname Li.

The cryptocurrency surge is affecting who is able to mine.

The increasing cost of investment is eliminating smaller players, said
Raymond<\/a> Yuan, founder of Atlas Mining, which owns one of China's biggest mining business.

\"Institutional investors benefit from both large scale and proficiency in management whereas retail investors who couldn't keep up will be weeded out,\" said Yuan, whose company has invested over $500 million in cryptocurrency mining and plans to keep investing heavily.

Many of the larger players growing their mining operations are based outside of China, often in North America and the Middle East, said Wayne Zhao, chief operating officer of crypto research company TokenInsight.

\"China used to have low electricity costs as one core advantage, but as the bitcoin price rises now, that has gone,\" he said.

Zhao said that while previously bitcoin mining in China used to account for as much as 80% of the world's total, it now accounted for around 50%.
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