The 2021 New Infrastructure Blockchain Summit successfully concluded in Chengdu on April 24–25. Organized by Yibit and co-hosted by Golden Finance and Ekuang, this two-day event gathered industry leaders to explore blockchain's role in national infrastructure and decentralized technologies.
Key Themes and Discussions
1. The Rise of Computational Power
Economist Zhu Jia Ming emphasized:
"Next-gen computational power will replace traditional models, forming a new infrastructure triad: blockchain, computing, and storage. Mining transforms into digital assets, creating novel financial and distribution systems."
- Market Shift: Overseas computing power procurement reached $2.1B by March 2021, capturing 16% of global mining capacity (Guosheng Securities).
2. Industry Leaders' Insights
Panel: Global Mining Giants Navigate the Bull Market
- Alex Ao (Innosilicon): "Focus on long-term trends over short volatility."
- Xu Yinglong (Collinstar Capital): "Cycles are inevitable, but the decade-long trajectory is upward."
- Shao Yadong (HaoWei Tech): "Dollar-cost averaging through mining reduces timing risks."
3. Mining Ecosystem Evolution
- Zhou Rong (Ekuang): Aiming to build an "Amazon for miners" by aggregating trusted hardware suppliers.
- Yu Kun (BitDeer): Cloud mining offers lower Bitcoin acquisition costs than direct purchases. Institutional adoption is rising, with energy shifts toward renewables.
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Institutional Impact and Regulations
- Yang Xianfeng (BIT Mining): U.S.-listed firms face rigorous compliance for mining acquisitions.
- Meng Xiaoni (BTC.com): Public companies are reshaping mining into a capital-intensive sector, boosting crypto legitimacy.
FAQs
Q1: Is Bitcoin mining moving overseas?
A: While geographic shifts occur, China’s Sichuan and Xinjiang remain epicenters due to low-cost hydropower and stable policies.
Q2: How does "carbon neutrality" affect mining?
A: Short-term adjustments are expected, but mining’s mobility and zero direct emissions allow rapid adaptation (Zhu Fa, Yibit).
Q3: What’s the future of Filecoin mining?
A: Risks include code vulnerabilities and regulatory scrutiny, but its high barrier to entry may ensure longevity (1475 Labs).
Future Trends
- DeFi & NFTs: Mining pools diversify into DeFi yield strategies and NFT auctions (e.g., F2Pool’s 49 ETH NFT sale).
- Energy Transition: 50% of mines may adopt water-cooling systems by 2023 (Tang Wanlong, DuoKu Mining).
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