Fatal Strike: Paladins Mercenary Road

Chapter 630 Mining
Shanying nodded slightly and said, “I don’t really understand Bitcoin, but as long as there is ‘sleeping money’ in this world, Bitcoin will always have a market.

This decentralized virtual currency is very difficult to regulate, so it is a very good underground financial transaction tool.

Unfortunately, producing this thing consumes a lot of electricity. If you have an industry like a hydroelectric power station, mining can be a good business.

Kazan is a really bad place. The network, infrastructure, electricity supply and price are all not suitable.

With the current price of Bitcoin at less than 400 yuan, doing this kind of work in Kazan would be a loss-making business.”

After hearing this, Dalia covered her pocket, muttered a few words, and then said: "Boss, it's a good thing you are here. You should contact Mr. Poincare and Elk...

They seemed to have been brainwashed by hacker Zorn, and were prepared to invest part of their funds in him, asking him to go to Kashgar to work with Snowden on mining machines.

The mountain eagle was stunned for a moment...

He didn't believe Daria's words about brainwashing. How could a veteran like Mr. Poincare be brainwashed by IT guys like Snowden and Zorn? He was lucky that he didn't clean up these two people.

Mr. Poincare decided to invest because he saw the prospects or was looking for a way out for the profits in Singapore.

Shanying receives a transaction list and asset documents every day. He used to look at them excitedly every day, but now he feels a little numb.

When the numbers get large enough, it seems that changes in numbers of tens or millions can no longer make him excited.

Suddenly learning the news that Mr. Poincare had decided to make a personal investment, Shanying took out his mobile phone and opened his mailbox. After downloading the email, he used a decoder to restore the email whose content was full of garbled characters.

He skipped the transaction data and turned to the end of the email, and then he couldn't help but widen his eyes...

The paper funds in the account in Singapore exceeded US$6 million three days ago, and this figure will continue to grow as the number of chips increases and the exchange rates of the Brazilian and Colombian currencies depreciate.

"I'm so rich now?"

Shanying couldn't help but touch his chin, then sighed and said: "In fact, it's just numbers. If you have too much money, you still have to find a way to spend some of it. It's meaningful to turn those numbers into assets.

Mr. Poincare's plan to invest in Snowden and Zorn was actually an attempt to explore the way forward, but Kazan is really not a good place.

Doing this kind of business in the Russians' territory will naturally cost much more than other places.

Not worth it! "

When Dalia heard this, she opened her eyes wide and said, "That means you can make money..."

Shanying nodded, then used his mobile phone to search for electricity prices and equipment prices in various countries, then opened Google Maps and searched while saying, "It won't work in Kazan. If you want to make a profit there, you need to expand your business to a very large scale.

The risk would be too high!

Moreover, the power generation there simply cannot meet the needs of large-scale mining..."

Shanying waved to Dalia to bring him a pen and paper, and while writing and drawing on the content he had found, he said, "Do you know how much electricity is consumed to mine a Bitcoin?"

Dahlia shook her head in confusion and said, "100 degrees? 200 degrees?"

Shanying shook his head and said, “According to estimates by professionals, if the hardware used is advanced enough and has sufficient scale and computing power, then including the energy consumption required for heat dissipation, it will take about 5000 to 7000 kWh of electricity to mine one Bitcoin on average.

Based on the current electricity price of $0.17 per kilowatt-hour in the United States, it costs between $850 and $1190 to mine one Bitcoin.

If it is a personal mining card, the cost will be even more exaggerated. On average, it may take 5 years and about 150 degrees of electricity per month to mine one Bitcoin, which means it will cost about $1500 in electricity.

This is a typical losing business!
Bitcoin mining is only a profitable business if it is carried out in areas where electricity costs are low.

However, it is precisely because of the limitation of electricity that Bitcoin can maintain its scarcity and have sufficient value. "

When Dalia heard this, she frowned and said, "Where can I invest to make money?"

Shanying pursed his lips and said: "Of the 20 largest Bitcoin mining pools in the world, 9 of the top 70 are in Dongda, and % of the world's Bitcoin transactions are also generated in Dongda.

The electricity price there is only about 0.06 US dollars when converted into US dollars. If you go to some places in the northwest where wind resources are well-developed and the weather is cool, not only will the electricity price be much cheaper, but you can also save some energy consumption for heat dissipation.

However, mining does not produce any products and consumes extremely high amounts of energy. It is impossible for the University of Tokyo to tolerate their unlimited expansion and the resulting consumption of electricity.

Moreover, the decentralized trading model reduces the financial costs of cross-border transactions and makes money laundering very simple, which will cause huge financial losses, so the Todai government will sooner or later introduce restrictive policies. "

At this time, the donkey and the sea lion also gathered around the mountain eagle...

It was the first time for them to see their boss "talking about business", and he used easy-to-understand language combined with numbers, so that they could roughly understand some of the logic.

Donkey has a high level of education. He frowned and said curiously, "That is to say, if we can't develop a Bitcoin mining pool at Dongda, we will just be burning electricity and losing money in this business...

What if we could find a place that was cheaper per unit?”

Shanying smiled and said: "Except for Dongda, other places with low electricity prices can't even supply daily necessities for their own people, so where can they get extra electricity for you to mine Bitcoin?

In 2014, the East accounted for 27% of the world's electricity generation, the United States accounted for only 17%, and India, which ranked third, only accounted for one-sixth of the East's electricity generation.

The only country in the world that has sufficient electricity at a low price, enough to supply its own electricity and export it, is East Asia. Even France, which has the best welfare, can only count as half of it even though it has abundant nuclear energy, but the electricity price is $0.2.

Where do you think it would be a good place to dig?"

After hearing this, the donkey frowned and said, "According to what you said, apart from Dongda, mining anywhere else will result in losses..."

Shanying shook his head slightly and said, "I calculated the simple mining costs and benefits, but in fact, Bitcoin is so attractive and its price has soared to nearly $400 in a few years because it contains properties that other currencies and financial products do not have.

I don’t actually know a lot about this industry, but I know that decentralization and reducing cross-border payment costs will continue to increase the value of Bitcoin.

And as world inflation increases, the value of Bitcoin will increase exponentially.

Decentralization is in line with the neoliberal values advocated by the United States, and the reduction of cross-border payment costs is in line with the interests of capital. Coupled with factors such as investment attributes, privacy protection and technological innovation, the value of Bitcoin is expected to be on an upward trend in the long term. "

Shanying pinched his chin and said, "This thing is worth investing in!"

Dahlia frowned at Shanying who was thinking about the loss-making business, and said, "Boss, do you mean to invest in Snowden, mine at a loss, and then wait for the price of Bitcoin to rise?"

Shanying was stunned for a moment while thinking, then shook his head and said, "Of course not!

If a product is loss-making from the outset, no matter how much profit it can make in the financial market, it will be an investment option that does not make up for the gains in the long run.”

Shanying sat up and put his phone on the coffee table. He zoomed in on the Central American area on Google Maps and said, "Dahlia, contact Matias. This guy should have gone to El Salvador..."

Let him rent a decent house in the local area after finishing the work, and then contact the local government..."

When Dalia heard this, she stared and said, "Boss, Matthias is a killer..."

Shanying spread his hands and said, "I don't know anyone else, it would definitely be more convenient for him to ask about the situation there than for me to call to find information.

What happened to the killer?
People work as killers to make money. Won't they make money by helping me do other things?
The credibility of the rotten local government in El Salvador is almost non-existent. With just a little money, officials can sell their souls. Then they can rent a house and hire a few reliable security guards to accommodate the construction team that will go there to drill...

How hard can this be?
I'm willing to pay $50 for this, why would he be unhappy? "

Shanying touched his chin and said excitedly, "El Salvador has the richest geothermal resources in Central America, but the land in that rotten place is worthless...

If the conditions are right, I could go there and invest in a geothermal power station.

Building a 10MW geothermal power station includes geothermal drilling, geothermal construction, equipment procurement, transmission line construction, housing and road infrastructure, and subsequent equipment maintenance...

These costs add up to about $4000 million.

A 10-megawatt power station can generate 24 kWh of electricity a day. Even if only 20 kWh is left after removing the losses, it can still produce 40 bitcoins a day under ideal conditions.

According to the market price of Bitcoin, it can generate about US$16000 in revenue every day.

An investment of 4000 million US dollars can be recovered in about 7 years...

This does not include the value of the power plant itself, nor the gains from the increase in the value of Bitcoin.”

Shanying watched Dalia stand up with shining eyes, took out her phone, and quickly walked to the side to call Mathias...

Looking at the extremely proactive Dalia, Shanying smiled and said nothing more. He actually didn't explain the risks clearly...

That is, if Bitcoin suddenly fails, the power station he invested in will become a burden on him.

Because El Salvador has no industry and lacks electricity infrastructure, the electricity it generates is worthless if it cannot be sold.

But he felt that he had found the last piece of the puzzle to complete his shadow fleet plan!
What he wanted to do most was always the energy business, because energy will always be the hard currency among commodities.

The Shadow Fleet plan has been proposed for a long time...

He was not short of money because, firstly, he had enough money himself and, secondly, he could ask Anna for large-scale financing through a Cyprus trust fund.

He has no shortage of connections, because Great White Shark has already opened up a network of contacts, and the first 2-ton tanker from the Far East will soon set sail to transport refined oil to Southeast Asia.

Krabi will absorb a portion of the local supply, and Eddie's wife, Amelia de Buffley, can absorb the rest through her connections in Southeast Asia.

He didn't even lack ships, because Amelia was the head of Southeast Asia risk control at AXA Insurance, and she could easily find suitable tankers and cargo ships.

If business is really good in the future, Shanying does not rule out finding ways to raise funds to purchase tankers.

He doesn't even lack security forces. Arctic Fox, Holy Grail Knight, and Lee Sung-hee are all on-site partners who can provide him with sufficient human resources.

The only thing he lacks is a settlement center!
He no longer counts on banks, but an underground Bitcoin trading center can allow him to circumvent many policy issues and at the same time absorb a large amount of black market funds to boost his shadow fleet!
The already tired Mountain Eagle suddenly became energetic...

The more he thought about it, the more feasible it seemed. Besides, it was only 4000 million US dollars, so he could really afford to lose it now!
But when he turned on the computer to check the detailed situation in El Salvador, he frowned deeply...

(End of this chapter)