Since the end of 2020, bitcoin's expectations of "digital gold" and "anti inflation" have been further strengthened, and the price has repeatedly reached new highs. During the Chinese New Year in 2021, it has even exceeded the $50000 mark, and the bitcoin mining industry has risen.

According to statistics, 40 companies around the world, including overseas mining stocks and Tesla, have invested in bitcoin through mining or direct purchase. In fact, cryptocurrency mining companies in the United States are hoarding bitcoin. They think the price of cryptocurrency will rise.

Christopher brendler, an analyst at Da Davidson, estimates that for "first-class" miners who can obtain cheap electricity, the average cost of mining a bitcoin is about $5000, with a gross profit margin of 90%. Of course, with the rise of bitcoin price, the gross profit margin is still rising. With such profits, it is easy to understand why many enterprises tend to start encryption mining business.

For scattered miners, although they can't have cheap electricity like the company, they still have considerable profits. Moreover, since last year, due to the tight demand for semiconductors, the capacity of mining machine chips has increased slowly in the whole network. Therefore, the miners' "own computing power / whole network computing power" has not decreased, that is, the number of bitcoins that miners can dig has not decreased, which is good for miners.

With the recovery of currency prices, countless offline miners want to return to the network, but it is worth noting that some countries, including China, no longer allow bitcoin mining, while other countries are also suppressing bitcoin mining due to lack of power resources, so it is difficult for miners to participate in mining.

At present, rhy is expanding its mines all over the world, including Canada and the United States, which are currently the preferred mining places. Miners can obtain the property rights of the mine through the joint construction of the mine, so as to obtain machine positions and cheap power. For miners, facing such a volatile market, owning their own mine is the best choice.

Of course, due to the relationship between capital and experience, most miners do not have the ability to build their own mines. However, since rhy has opened the project of joint construction of mines, miners can obtain the property rights of mines through equity subscription, and rhy platform provides global professional construction, professional operation and sharing.

On December 15, rhy will hold the foundation laying ceremony of 60MW mine in Texas. Miners who want to participate can consult customer service.

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