My autobiography is definitely not a tragedy!-Chapter 825 - 495 Demon Hunting Team

Things unfolded just as Zheng Qiu had anticipated.

After the early adopters reaped the benefits, the extent to which the "Bitcoin Computational Power Supermarket" made a splash was on par with Baiyeji’s other products.

The young generation at the forefront of the world internet scene are those playing with Bitcoin. In terms of adventurous spirit and sensitivity to industry information, they far surpass the average population.

Therefore, within less than a month after this product was launched, there was a trend of explosive revenue growth.

From the first day’s revenue of over three million, to a current peak daily income of over sixteen million, it can be said to be accumulating wealth daily, gradually trending towards replacing the welfare bag to become Baiyeji’s largest financing channel...

Although domestic files banning Bitcoin platform transactions were released in September 2017, the practice of Bitcoin mining has not been prohibited.

It is estimated that currently as much as 70% of Bitcoin mining computational power is within Country Hua’s borders.

Even those not in the coin circle can frequently hear news like some tycoon investing in a major mine field in remote regions like Inner Mongolia in the past two years.

It can be said that prospectors worldwide are searching for quality "mines" across the vast land of Country Hua.

The biggest cost of Bitcoin mining is energy expenses.

According to statistics, annual global Bitcoin mining power consumption is about 133 terawatt-hours (1 terawatt-hour equals 1 billion kilowatt-hours). fгeewёbnoѵel_cσm

This figure is equivalent to the entire annual consumption of a medium-sized European country, exceeding that of Sweden, ranking 27th among nations in global power consumption.

So mining operators worldwide are searching for regions with low energy costs to set up "mines."

Under such trends, low-energy-price areas in Country Hua like Inner Mongolia, Yunnan, and Guizhou have garnered capital attention.

This investment not only propelled outside investment into underdeveloped areas but also locally consumed the surplus hydro, wind, and solar power, and was even welcomed by the country in its early stages.

However, there are pros and cons, and with Bitcoin prices soaring, and the global mining computational power demand swelling rapidly, like Wildfire spreading everywhere, it has become a potential threat to the national energy strategic safety.

It also directly affected market graphics card prices, indirectly raising basic computational power costs, negatively impacting data centers and other internet enterprises.

Added with virtual currency speculation facing control risks financially, the nation has intention to impose restrictions in this field.

Banning platform transactions is only the first step to avert risks.

According to the original trajectory, it is expected that the country will soon issue policies to restrict the wild growth of Bitcoin mines and market disorder.

However, Baiyeji’s "Bitcoin Computational Power Supermarket" has introduced an element of unpredictability into this historical process...

"Boss, here are the new contracts for data center computational power leasing, and the budget approval for the next batch of second-hand miner purchases..."

The secretary handed a document to Hu Yifei.

Hu Yifei glanced over it briefly and couldn’t help but twitch his mouth slightly when he saw the final budget price.

3.8 billion...

Just a while ago, he was a small business owner who cheered over a few million in annual revenue.

Who would have thought that in such a short time, the procurement contracts he signed daily would have orders in billions?

Life truly has its ups and downs... It’s exhilarating!

Originally, following Meng Lang’s plan, he intended to build Baiyeji’s own data center through expansion, step by step.

But the product line’s development was too rapid, completely outpacing the data center’s expansion speed.

Helpless, Hu Yifei could only expand while temporarily renting computational power from data centers across the country.

The term is not long, only about six months.

After all, according to the timeframe, roughly half a year later, Hujian’s light chip project should enter large-scale mass production.

Baiyeji, with a first purchase right, will then acquire a batch of computational power equipment that significantly reduces energy consumption, thus greatly reducing data center operation costs...

Meanwhile, Baiyeji, with its frantic computational power expansion and several massive orders, stabilized the national price of second-hand graphics cards and mining machines almost single-handedly, with some nearly bankrupt mines being entirely acquired.

The players in distress hadn’t even reacted when they found the equipment they thought would lose value now showed signs of stabilizing and recovering...

Supported by a continuous influx of capital from mining players entering the market, Baiyeji’s computational power pool rapidly expanded.

Zero also gained stronger computational power support!

Signing the documents with a "swish," Hu Yifei then inquired about the revenue growth of the "Computational Power Supermarket."

After hearing reports from subordinates, Hu Yifei felt both excited and nervous.

Exciting because the turnover was almost doubling every few days, voraciously eating into the mining market’s computational power market with the stance of a giant whale!

Nervous because it seemed the group was playing it really big this time...

With their world-crushing mining cost and technical advantages, not only local mine operators, but even global mine operators would sooner or later face devastation from them.

Unlike traditional industries, internet enterprises can easily have a "winner takes all" scenario!

And currently, Baiyeji, the only enterprise globally with such technology, has turned the algorithm into a black box safely stored in their own data center, facing no concern of similar competitive products appearing on the market in the short term.

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