OXBTC: Challenges and Opportunities on the Long Journey of Ethereum 2.0 – Press

WUHAN, CHINA / ACCESSWIRE / January 5, 2021 / World Blockchain Conference 2020·Wuhan kicked off at Wuhan International Conference & Exhibition Center on December 5. This Conference is hosted by 8BTC, and has received great support from such organs of government as Wuhan Municipal Government, Jianghan District Government, Wuhan Municipal Bureau of Economics and Information Technology, and the China Academy of Information and Communications Technology.

On the forum on the mining industry held on December 6, a roundtable on the theme of “The Launch of Genesis Block: ETH2.0 Makes Ethereum Great Again” attracted much attention with many quotable sayings.

For example.

The hardware for Ethereum 1T hashrate costs about 70 million yuan, and such an investment is expected to be paid back in around one year through the static income. As miners are on a spree of hashrate, graphics cards are really hard to buy.

Ethereum 2.0 is to be delivered phase by phase, and it takes a long time before it can be extensively used.

Ethereum 2.0 mining entails risks as you can’t get back your principal and income until the merger of Ethereum 1.0 and Ethereum 2.0. Look twice before you leap.

The Ethereum Foundation is formulating a technical standard for chain making, which can also be applied by other chains. There may be a chain better than Ethereum, but it must have benefited from these standards that Ethereum develops.

The Ethereum Foundation is both a creative genius and a wretch. The Foundation created Ethereum 1.0, making it the second-largest blockchain project by market value. Now it has turned its back on Ethereum 1.0 and gets busy with Ethereum 2.0.

The guests at the roundtable are:

Guo Weicheng, founder of PandaMiner and OXBTC;

Mako, head of marketing at imToken;

Qiu Xiaodong, head of marketing at SparkPool;

Rudy Lu, Marketing Director of InfStones.

Roundtable host: Wang Jiajian, a senior reporter from 8BTC.

The following content is edited by 8BTC. Enjoy it.

Q1

Wang Jiajian: Today, we have leaders in each segment of the Ethereum ecosystem at the forum with us. First, time for self-introduction.

Guo Weicheng:

PandaMiner is the world’s largest Ethereum mining machine manufacturer, and OXBTC is its subsidiary. This cloud computing company is one of the oldest of its kind in the world. This December marks OXBTC’s 6th anniversary. For all these years, OXBTC has provided safe and stable mining services for users from more than 50 countries. With the mounting Ethereum price, we have been committed to maintaining the supply chain recently.

Mako：

imToken is a digital asset management wallet, and supports 11 mainstream public chains. To help users manage assets more securely, we support the hardware wallet imKey. With this wallet, users can trade in Tokenlon, or engage in DeFi and mining. We are very concerned about Ethereum 2.0 recently, and have also provided an entrance on the homepage of the wallet for ordinary users to participate in…