What is the Xiaomayi miner (Is it true to buy Xiaomayi servers for mining)?

08/16/2023 02:09 • Tech Trends • 51 views

What is the Xiaomayi miner? The Xiaomayi miner is a Bitcoin mining hardware. According to the introduction, the principle of the Xiaomayi miner is to connect a server to a network for mining and generate block data through this gateway. This chain allows users to receive corresponding digital currency as rewards and profits.

According to the official description, this new type of network system has two characteristics: firstly, it has high security; secondly, it does not require running a full node to ensure system stability; thirdly, its security performance is very reliable; fourthly, its operation and maintenance cost is very low. (In simple terms, users only need to put their devices there to get some Bitcoins).

Is it true to buy Xiaomayi servers for mining?

Editor’s note: This article is from the Fenghuolun community (ID: FHBT18), author: Peipei, authorized reprint of Odaily Star Daily.

Hello, I’m Peipei. I’ve been looking forward to the Xiaomayi miner for a long time and it is finally about to be delivered. But I still think mining Bitcoin is really expensive, right? I think it should be, after all, many people in the market are buying these servers for Bitcoin mining. So today, I will share my own opinion with you. Firstly, the price is a bit high, but it is also unreasonable in the eyes of many people. If this year is a bear market, then for most of the year, machines for mining will not be this cheap again. Therefore, for ordinary retail investors, this cost-effective equipment is definitely not worth it. Secondly, have you ever thought about making 1 million yuan by buying a Xiaomayi server? Or using it as cloud computing power for mining, can’t it save some money? At least the return on investment will be enough!

Because the electricity bill has been increasing for many days, many miners probably don’t know how they can break even. By selling their coins, they can directly mine more digital currency. Thirdly, if you look at the sales of Xiaomayi miners from the official website, you will find that besides China, the sales situation of Xiaomayi miners overseas is also good. Of course, what we call “mining farms” here are basically issued by Bitmain, just like before, only the second-hand M3 miners have been sold, which are no different, and the selling price is still increasing, and the price of New Taiwan Dollar is also rising. So now, the price is still very high. But compared to last year, the overall situation in these two years is still somewhat declining. Another point, recently there is a team called “Wu Jihan” in the market rumors, trying to mine through his personal computer, which means that he himself is not forced to join the mining camp as before, but chooses to relocate from overseas. Finally, he said he is not a miner, “I believe there will be some other companies joining in the future”. Fourthly, how are these two projects? Are these three products really effective? Will they bring users some profit space? I personally believe that they do have actual value support.

First of all, what we can see is that although most of the Xiaomayi miners on the market are still in the testing stage, some people will choose to continue using them. For example, a certain company once launched a Xiaomayi S19Pro server at the end of 2018. In this way, this hardware seems to be a good attempt, but at the same time, it cannot guarantee continuous investment and usage in the future, and it can even be said to be a long-lasting game activity.

There is also a saying that when everyone is questioning the strength of this company, they will also consider the issue of business volume-many players in this industry are not willing to invest money in mining.

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What is the Xiaomayi miner (Is it true to buy Xiaomayi servers for mining)?

Is it true to buy Xiaomayi servers for mining?

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