HashRate Standardization —— Breakthrough of mining industry
BitFuFu, the world first HashRate-standardized mining platform will be launched on December 15. The platform provides users with HashRate-standardized cloud mining product services, and users can obtain bitcoins with one-click ordering. With 0 threshold, low price and pipeline, mining has never been easier (users can easily obtain crypto currency without going through the tedious process of selecting a mining machine, choosing a mining site, machine maintenance and connecting to a mining pool).
From Chaos to Order
2020 was certainly a year to be remembered by the masses for the Bitcoin market, with mining halved, the ‘312 plunge’, and BTC surging past its all-time high of $20,000. The highly volatile ‘Bitcoin’ still saw 140% price growth in 2020, and each new high is bound to bring a new ‘innovator’ to the industry.
Shared mining was born in 2013 at the first high point of coin prices, and the industry has experienced seven years of brutal growth. At present, the cloud mining industry is not only piled up with service providers, but also has a variety of platforms. Pricing of HashRate contracts varies from platform to platform, and users are plagued by multiple variables. Since the development of the industry to today, the industry is still unable to provide direct service for the user’s core demand – ‘mining out’, so the industry is in urgent need of standardization of mining output, transparent measurement, but the current ‘standardization’ only lies in the “draft”, ‘slogan’, and there is unhealthy competition in the industry. Therefore, a new breaker is urgently needed.
Standardization - a must for commodity trading
For users, standardization is the ‘visible’ product specification, and ‘perceived’ service upgrade.
Commodities vary by type and quality and are difficult to be traded around the globe without being quantified or classified in a uniform manner. Commodity trading has gradually added a more sophisticated form of standardized contract trading from spot trading where one hand is paid and one hand is delivered. In the case of soybean commodities, for example, when buyers and sellers trade, the terms of the contract have already been set by the international market platform, such as the trading time, location, quantity of soybeans, quality standards, margin and other terms have been standardized by the platform, therefore, the trading parties only need to buy and sell according to the price, without considering other factors. For users, commodity standardization avoids cluttered conditions and multiple variable factors and only requires attention to commodity price changes. Commodity standardization not only enhances the transparency of commodity prices, but also standardizes industry standards, reduces information asymmetry between trading parties, and increases industry openness.
Similarly, the standardization of HashRate as an abstract digital commodity after the creation of Bitcoin is the way to go for better circulation in the future.
Standardization of HashRate ——Breakthrough of mining industry
The core inspection index of mining machine output digital currency, namely the energy consumption ratio (J/T), is also the only indicator of product standardization, but the energy efficiency ratio (J/T) of each model of different brands of mining machines currently on the market is different.
BitFuFu first proposed the concept of standardization of mining HashRate, that is, Multiple models in the same series are intelligently proportioned into a unified standard power consumption (energy efficiency ratio)
BitFuFu intelligently ratios multiple models with similar energy efficiency ratios through BitFuFu’s efficient HashRate allocation center to become standardized products with 30, 40 and 50 power consumption series of HashRate, so that customers only need to focus on the energy efficiency ratio of each series to trade, instead of having to choose different brands and models of miners. Take ‘30 series’ as an example, this series mainly includes Ant Mining S19Pro model, S19 model and other mining models of around 30J/T, all of which are matched according to the intelligent ratio to arrive at the standardized product package of ‘30 power consumption series’.
BitFuFu standardized products of HashRate will be the most effective answer for the breakthrough of the mining industry.
For users, they can more easily and intuitively make calculations and selections for mining output.
For the industry, more efficient trading and liquidity of HashRate products can promote the healthy development of the industry.
For partners, the market is also easier for mining machine manufacturers, mining farms to enter, the platform will soon also provide online arithmetic trading, and multi-HashRate mining direct business.
In addition to its innovative product design and technical capabilities, the BitFuFu platform still has the generic advantages of a cloud computing platform:
Transparency of mining output
The intuitive experience of the industry’s most well-known mining pools output directly to the user's wallet, with real mining;
Flexibility of HashRate selection
A choice of packages with a minimum of 10T of the strongest computing power in different series, with ultra-low thresholds;
Security of purchase and lease
The use of equipment from leading mining machine manufacturers is complemented by the most stable operation of a 7*24 intelligent mining operation and maintenance system for compliant mining sites
BitFuFu is committed to providing global users with real, stable, convenient and secure global TOP - grade cloud mining services, with standardized HashRate, transparent mining output, flexible HashRate selection and secure purchase and lease. The platform will be launched globally on December 15, please look forward to it.
www.bitfufu.com countdown page
- Platform launch, 50BTC of ‘FuFu Opening’ gift package is coming!
BitFuFu will be launched online on December 15 with a discount package worth 50BTC. The platform will be launched to promote the 30/40/50 series mining products, covering star mining machines such as S19pro, S19 and M30S in the market. Preferential activities include:
Free mining, start with one click
All registered users can receive a free ‘$ yuan for 10T’ product, and experience the BitFuFu platform’s standardized product with real mining power with just $2. You can also enjoy a 50% discount on the 50 series 20T*3 days package.
The lowest price for the ‘30S’ series will be available for purchase soon
The “30 series” products include Ant Mining Machine S19Pro model, S19 model and other mining machine models with energy consumption ratio around 30J/T. For the ultimate energy consumption ratio, the most powerful computing power 30 series products, the most significant discount will be made on the day of its being launched on the platform, so stay tuned.
Enter the community to enjoy greater discounts
Enter the official BitFuFu global community right now. The community has a special offer on 40 series HashRate products, invite your friends to the group and share the benefits.
Everyone is a miner, make money by sharing
BitFuFu also launched an activity to invite friends to get high rewards. The maximum reward for inviting friends is 5% and there is no upper limit for a single reward.