In today's digital currency trend, Bitcoin is the most eye-catching representative, and its mining technology has attracted much attention. With the views of the world's largest cloud computing company bosses on the future of Bitcoin mining, people have begun to explore future development trends. Let's explore in depth and reveal what the future of Bitcoin mining will look like.

The rise of Bitcoin stems from the revolutionary breakthrough of blockchain technology, and mining, as the core link in maintaining network security and confirming transactions, plays a vital role. The views of cloud computing company bosses on Bitcoin mining may reveal the future development direction for us. Let's explore the future prospects of Bitcoin mining.

As a complex and potential technology, Bitcoin mining has attracted the attention of many investors and technology companies around the world. With the continuous advancement and innovation of technology, what will the future of Bitcoin mining look like? Let's follow the eyes of cloud computing giants and take a glimpse of future development trends.

The future of Bitcoin mining may be deeply affected by cloud computing technology. As the world's largest cloud computing company bosses, their views on Bitcoin mining will have an important impact on future development. Let's explore together and reveal the possibilities of Bitcoin mining in the future.

In the field of digital currency, Bitcoin has always occupied an important position, and Bitcoin mining, as one of its core technologies, has attracted much attention. With the cloud computing giants' outlook on the future of Bitcoin mining, we have reason to believe that driven by the continuous innovation of technology, the future of Bitcoin mining will present a brighter development prospect.

The future development of Bitcoin mining is inseparable from the support and promotion of cloud computing technology. The views of the bosses of the world's largest cloud computing companies on Bitcoin mining will play an important role in future development. Let us explore in depth and reveal the future possibilities of Bitcoin mining.

As an important part of the digital currency field, the future development of Bitcoin mining will be profoundly affected by cloud computing technology. The views of cloud computing giants on Bitcoin mining will have an important impact on the future development direction. Let us explore together and explore the future development trend of Bitcoin mining.

The future of Bitcoin mining is a topic of great concern in the field of digital currency. The views of the bosses of the world's largest cloud computing companies on Bitcoin mining may reveal the future development trend for us. Let us explore in depth and explore the future possibilities of Bitcoin mining.

As one of the important applications of blockchain technology, the future development of Bitcoin mining has attracted much attention. The views of cloud computing giants on Bitcoin mining will have a profound impact on future development. Let us look forward to the future and reveal the development prospects of Bitcoin mining.

The future of Bitcoin mining will be significantly promoted by cloud computing technology. The opinions of the bosses of the world's largest cloud computing companies on Bitcoin mining will have a profound impact on future development. Let's discuss and look forward to the future development direction of Bitcoin mining.

As an important part of the digital currency field, Bitcoin mining has attracted much attention for its future development. The opinions of cloud computing giants on Bitcoin mining will reveal the future development trend for us. Let's discuss in depth and explore the possibilities of Bitcoin mining in the future.

The four most famous international exchanges:

Binance INTL	OKX INTL	Gate.io INTL	Huobi INTL
China Line　APP DL	China Line　APP DL	China Line　APP DL	China Line　APP DL

Note: The above exchange logo is the official website registration link, and the text is the APP download link.

Chengdu is becoming a must-go place for "mining" summits and is dubbed the "mining capital". Recently, MinerUpdate, a crypto mining industry media, held the first "Global Mining Leaders Summit" in Chengdu. Many foreign mining companies attended the meeting, such as mining machine manufacturers (Bitfury), cloud computing power (Genesis
Mining), mining pools (Slush Pool, Luxor), mining farms (MineBest, Blockware Solutions), etc.

Although it is not well-known in China, Genesis Mining is well-known in the Western market. It is the world's largest cloud computing company with more than 2.8 million users.

Recently, we interviewed Genesis Mining CEO Marco
Streng. Through his interview, you will know why he provides cloud computing power, how he views Bitcoin mining energy consumption, mining centralization, and the impact of Bitcoin halving on the price of the currency, etc.

Cloud computing power gives everyone the opportunity to participate in mining

According to Marco Streng, Genesis
mining was born in 2013, when he was very interested in Bitcoin and the mining return rate was amazing. Many friends are very interested in Bitcoin mining and want to participate. He has built a relatively large mining farm, so he sells computing power to his friends so that they can also participate in Bitcoin mining.

And this is also in line with his philosophy. He believes that Bitcoin mining is very important because mining is becoming more and more centralized, and individual competitiveness is getting smaller and smaller. Cloud computing power gives everyone the opportunity to participate in mining.

Bitcoin mining is by no means a waste of energy

Although Bitcoin has been around for 10 years, there are still many people who can't understand why so much electricity is consumed for mining, and think that "Bitcoin mining is a waste of energy." As a computing power supplier in the Bitcoin mining industry, Marco
Streng disagrees with this view in an interview.

Marco
Streng admits that he is a believer in POW, which is the only real consensus mechanism for decentralized blockchains. Mining is the backbone of the industry and is absolutely necessary. Now there is indeed a POS consensus mechanism, but Bitcoin absolutely needs mining. They need electricity, but it is by no means a waste of energy, and it is very necessary.

At the same time, it is not a problem. Because on our planet, there are enough renewable energy sources, such as hydropower, wind power, geothermal power generation, solar power generation, etc. Bitcoin mining even has a positive effect on the renewable energy industry, as more and more miners want to use renewable energy to mine.

Centralization is the main problem facing the mining industry

Marco
Streng said in an interview that centralization is the main problem facing the mining industry. First, at the mining pool level, 2/3 of the computing power comes from the top five mining pools, and secondly, at the hardware and geographical level, more than 2/3 of the computing power comes from China.

How to solve this problem?

He believes that there are some good solutions in software and mining pools, such as decentralized mining pool protocols such as Stratum
V2 that betterhash or slashpool are promoting. At the hardware level, the decentralized solution is that more and more miners are decentralizing their mines and deploying them globally rather than just in one country. For example, Genesis
mining operates mines on four continents in the world. He said that Genesis mining also hopes to help Chinese miners, if they want to go out of China, they can host their mining machines.

Halving will have a strong effect on Bitcoin

Marco Streng said that no one knows the price of Bitcoin for sure, but halving will definitely increase the price of Bitcoin.

He believes there are two reasons: first, psychological effect. Because the block reward is halved, many people think that the price of Bitcoin will rise before the halving. Second, many miners know that the arrival of the halving will lead to price increases, so they will stop selling Bitcoin. Therefore, the halving will have a strong effect on the price of Bitcoin.

It is very challenging for mining companies to enter AI and high-performance computing

Many mining companies have begun to enter other industries such as AI and high-performance computing in addition to their main mining business. Bitmain, including Genesis's Genesis Cloud business, Marco
Streng said that the reason is very logical, because many people think that they can build efficient data centers, and they can certainly do AI, high-performance computing, etc. But he admitted that this is easier said than done. Genesis has been engaged in high-performance functional computing for three years and has spent a lot of money and resources. For example, Genesis
Cloud provides AI and rendering services, but this is very challenging and not easy.