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What is the Mining Machine Mall (Is the Mining Machine a Scam)?

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What is the Mining Machine Mall? Firstly, we know that there are two important

What is the Mining Machine Mall (Is the Mining Machine a Scam)?

What is the Mining Machine Mall? Firstly, we know that there are two important companies in the Bitcoin mining field: one is the largest domestic mining machine manufacturer, Canaan Inc., and the other is the largest and most famous mining machine distributor in China, Bitmain and Toyota. They operate cloud computing power malls and cloud storage platforms respectively. However, since last year, there has been a new competitor – Shensha Mining Machine. Currently, in addition to second-hand sales, there is also a small part of the business involving online trading services, which are mainly supported by third parties. Therefore, for the cryptocurrency circle, the mining machine mall industry is a very worthy area of attention.

Secondly, many project parties will launch their own products to provide financial support and promotional services. However, due to the rapid development of the blockchain industry, there are many immature technical personnel entering the market for investment or developing new products, so it takes time to learn and continuously improve the quality and security of their own products.

Is the Mining Machine a Scam?

Recently, many mining machine merchants have been exposed for “running away”, claiming that if it weren’t for the sharp rise in coin prices causing them significant losses, they would have fled with the money. According to a person in charge of an investment platform, “running away” is a typical fraudulent behavior, usually with a certain degree of temptation and high risk. However, as long as they can obtain reliable information, they can gain substantial returns. Currently, many companies in the market are promoting through various channels: “earn money by running”, “mining large zero coins, Bitcoin Cash”, “Antminer’s official website”, and even third-party service organizations are providing information to guide investors into scams. “

So what is a mining machine? A new term in the blockchain industry is that blockchain technology is applied to various links in the mining machine industry chain.” a person in the blockchain industry said. He said, “I personally think that this is a very common form of transaction, and its essence still exists based on the fluctuation of cryptocurrency prices. For virtual assets, this process is like a speculative market, and we can use this over-the-counter (OTC) funding for hedging or arbitrage.”

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