A two-day Blockchain Conference and exhibition was held in Moscow at the end of April 2018. In addition to a large number of eminent speakers, there were about 20 companies representing the mining industry at the event. Considered that the conference is one of the most important events in the industry, one can confidently draw conclusions about mining as a whole based on it.

We can confidently say that mining, and everything related to this topic, depend on the rate of the main cryptocurrency, but as an industry, it is more likely to thrive than to decay.

Diving deeper into the topic, we can divide all the trends into the following directions:

– Comprehensive services. Companies realized the need to develop this direction, when they saw that a growing number of their clients were people who have never set up a printer themselves, not to mention connection of ASIC to the mining pool. All sorts of different outsourcing applications now appear in the market to help those people. You can pay money for cloud mining. There are also companies that offer mining hotels, where you can place your mining equipment for a moderate price and start mining without thinking about energy costs and safety issues (technical and physical). Mining hotels require similar to DPCs conditions, they usually use places with excellent power supply systems in addition to protection from fire and unauthorized access.

A number of companies offer to help you all the way:

• advise you on the choice of equipment and cryptocurrency that can be mined;
• sell you mining equipment with a warranty;
• let your brand new miners in their secure farm and add them to the mining pool, providing you with information about their performance;
• provide you with daily or weekly payments for the work of your miners.

SERVICE PROVIDERS: NurMain, КриптоЮниверс, ACRON TECH.

You will, of course, have to pay for it – there are offers with fixed monthly fees, and there are ones that withhold interest from the mined digital gold. It seems kind of weird when you look at it: you come to a company, give them your wallet number and then you leave. After that you start receiving periodic cryptocurrency payments. Most businessmen don’t reveal official returns, which is understandable: much depends on the current Bitcoin rate, selected cryptocurrency, device’s computing power and so on. However, on the sidelines, they still might say the current figures: when buying miners like Antmainer S9 for $13-14k and with the current Bitcoin rate of $8k, they will mine 0.26 BTC per month. These numbers can get you a 190-210 days’ payback period.

Manufacturers of mining containers has gained a foothold in the market.

There were 5 suppliers of such containers at the exhibition, and in total, according to the industry representatives, there are more than 100 companies in the CIS. Of course, containers are

available only to major players, as their cost starts from $10k. Almost all manufacturers offer to equip the container on a turn-key basis, some even offer their know-how to optimize power supply, such as industrial fans of increased capacity for improved cooling, energy-efficient technologies and heating recycling systems. You are also able to add the mining container to your pool on your own territory: sort of a mining hotel but on a larger scale.

SERVICE PROVIDERS: Bitferma, TradeCom, SMARTCUBE

– Legal supply. The times when you could buy mining equipment from unknown individuals only for cryptocurrency, without any contracts, only using telegram channels are almost over. Now there are sale offers available for legal entities under the formal contract, with payments via bank transfers and even with official VAT. Now you can officially register the equipment on your company. There are such suppliers as NurMain, part of Open Alliance, which import the equipment from China officially, with customs clearance stating “mining equipment” in the declaration, and with all customs duties payed. Thus, you get a completely clean, legit, officially imported mining equipment that does not pretend to be servers or power suppliers in the documents. As a legal entity you can stop worrying about inspections and penalties for illegal equipment. Moreover, according to the supplier, the price is even slightly lower than the average market price, because of the rational margin at large volumes.

– New old players. The market of cryptocurrency and mining is extremely attractive for representatives of IT equipment market. For example, MYRIG, one of the largest distributors of classic server equipment in Russia, decided to enter the mining market with its new brand DRAGONMINT T1 16^TH\s. And though representatives of the company claimed that it is only a tiny market for them and that they just want to giv

e it a try, a separate brand and a large exposition at the exhibition say the opposite. Classic distributors of soft and integrators are also interested in the market and try to tap into it – ACD Cripto.

– Service and repair. Niche specialization does not frighten some businessmen, you can still find offers to repair mining equipment, sometimes even only for 1-2 specific brands. Service providers of ASIC REPAIR claim that the most popular details are available, however, sometimes there are queues, which shows that demand overtakes supply. The company, that is now based only in Moscow and works with regions through courier services, is planning to expand in 2018 and is actively searching for new employees. Another company, Electronic Oil, offers the customers who own relatively large farms optimization of costs by using dielectric fluid in cooling. Yes, that’s right, your precious mining equipment is being put in vessels with special liquid, and it doesn’t lead to closure. On the contrary, this type of cooling increases service life and allows you to save on electricity (you won’t need fans). In addition, it improves fire safety, the environment is completely nonflammable. By the way, in pursuit of the client, major well-known suppliers of mining equipment also focused on the service: most of them increased warranty duration and have an “exchange park” available, i.e. they suggest to give you another piece of equipment in exchange of the one you have brought for repair.

If you are interested in the mining market, be sure to closely review all mining equipment offers. TopTokenSales will do their best to help you with that by providing the most relevant information. And after reviewing, make a responsible decision and try this industry, starting with small devices. Who knows, maybe a new large super mining farm will grow out of your one ASIC.