Micronet collection May 22 report
In the morning, the Wall Street Journal’s Chinese website reported that sources said that the United States and China reached an agreement on resolving ZTE-related disputes. The United States will cancel the ZTE sales ban and maintain its business in accordance with the discussion agreement. Sources also stated that ZTE will Was asked to adjust the management and board of directors on a large scale.
However, informed sources said that the United States to lift the ban still need to pass the national security audit.
Just now, when responding to each reporter, ZTE stated that the United States will cancel the ZTE sales ban. The news is true.
According to U.S. media reports, U.S. Secretary of Commerce Ross may travel to China next week.
On May 13, U.S. President Trump issued a tweet saying: 'Communicating is providing ZTE with a way to quickly restore business. (Because ZTE's business cannot be carried out normally.) There are too many job losses in China. I have Inform the Ministry of Commerce to complete this work as soon as possible. '
However, in recent days, according to reports from U.S. media, the United States will not easily let go of ZTE, and even if it is lifted, it will have to pay a high price.
Recently, White House economic consultant Larry Kudlow said in an interview with CNBC: 'They (ZTE) violated the law several times after being warned.'
He also stated that 'China's request for mitigation of punishment is not to say that there will be no penalty, or that there will be heavy penalties.' 'Zhongxing's remedies may include: heavy fines, very strict compliance measures, new board of directors, and new management. Team. ' Kudlow said.
In fact, in 2016, when the U.S. sanctions against ZTE were imposed on the United States, its then senior management team had already taken classes. Shi Lirong, the president of ZTE Corporation, who was about to succeed Hou Weigui, did not wait until the re-election and was dropped out of class because of the sanctions. After that, Zhao Xianming took over as chairman. And the post of president.
However, in March 2017 in ZTE's new round of reelection, Yin Yimin was elected as the chairman of the latest session of ZTE, and Zhao Xianming continued as the president of ZTE.
In addition to core management changes, in the first sanctions in 2016, the total amount of fines imposed by the United States against ZTE was as high as 1.19 billion U.S. dollars, of which one-time payment of 892 million U.S. dollars and the remaining 300 million U.S. dollars in fines were suspended. If ZTE performs the agreement with BIS within the seven-year hold period, then the fine will be waived.
At present, it seems that the probability of the remaining 300 million U.S. dollars in fines is almost 100%. The current focus is whether it will impose additional fines. Will it really affect the current management team and the board of directors?
From April 16th, the Bureau of Industry and Security (BIS) of the US Department of Commerce calculated that the decision to activate ZTE’s refusal order had lasted for more than 30 days. According to the industry’s previous assertion, ZTE can only maintain enough The inventory of the month will be exhausted. At present, it is the most critical moment for ZTE. (Proofreading/Fan Rong)
2. White House Economic Advisor: ZTE can restore business but cannot escape punishment
According to CNBC, according to CNBC, US President Donald Trump may be considering relaxing the penalties imposed on Chinese mobile phone maker ZTE in wider trade negotiations, but the White House’s economic adviser will pull Larry Kudlow insists that the company can't avoid punishment.
Kudlow said in an interview with CNBC: 'They (ZTE) violated the law several times after being warned. 'He also stated that ZTE's 'remedial measures' may include 'heavy fines, very strict compliance measures, The new board and the new management team'. Cudlow said: 'Trust me, ZTE can't avoid punishment, they won't get away with it.'
The U.S. Department of Commerce issued an injunction in April to ban U.S. companies from selling products to ZTE within seven years because ZTE violated U.S. sanctions. But on May 13th, Trump announced that this decision caused a More jobless, he promised to let this company return to business.
U.S. Treasury Secretary Steven Mnuchin stated that President Trump had asked him and Commerce Minister Wilbur Ross to intervene but did not make any request. Mukuchin added that the ban The implementation is not intended to bankrupt ZTE, and any changes that are under consideration are aimed at strengthening US national security.
In an interview with CNBC, Mu Nuchin said: 'The Chinese government asked President Trump to re-examine the ZTE ban. This is not surprising. 'Unlike consultants, Trump acknowledged that the dispute between ZTE and the trade negotiations There is a link. According to reports, unless Washington agrees to relax the sanctions on ZTE, China will not continue trade negotiations with the United States.
Senior officials of the White House, such as Kudrow, continued to insist that ZTE is an unrelated issue. On Monday, Mr. Muchin said: 'Including Minister Rose, I myself and others believe that this is mainly a law enforcement issue.' ZTE did not respond immediately CNBC's comment request. Netease Technology
3. Republican lawmakers oppose Trump’s rejection of ZTE
The opposition led by Senator Rubio showed that the Republican Party’s skepticism about the US president’s handling of its foreign trade policy toward China has increased.
Republicans in the U.S. Congress are mobilizing against Donald Trump's efforts to mend trade relations with China. They drafted a bill aimed at preventing the White House from saving a Chinese telecommunications equipment manufacturer. The company was pushed by U.S. sanctions. Stopping business on the edge.
The opposition, led by Florida Senator Marco Rubio, showed that the Republican Party’s skepticism about the president’s handling of its foreign trade policy toward China has increased.
Trump's assistants are negotiating a deal: The United States will lift sanctions against Shenzhen-based ZTE, which is targeting Iran and North Korea to sell sensitive technology. In exchange, the company will restructure senior management and accept another. A huge fine. Trump said yesterday that one of the options was a fine of 1.3 billion U.S. dollars for ZTE.
The company was fined 1.2 billion U.S. dollars by the U.S. government last year.
Chinese President Xi Jinping has lifted the ban on ZTE as a condition for a broader trade deal with the United States. After the U.S. Department of Commerce announced that it had prohibited ZTE from purchasing chips and other components from the United States in the next seven years, the company was forced to cease operations. .
Yesterday, Beijing announced that it would reduce the import duties on passenger cars from 25% to 15% from July 1. Some analysts believe that this is a concession made by Beijing after Trump’s position on ZTE reversed. .
Analysts said that the U.S. president’s opening of the ZTE network will provide Chinese leaders with room to make trade concessions and avoid disputes between the United States and China before the US-North Korea summit.
Since Trump first ordered a reversal policy last week, Rubio has been the main opponent of ZTE in the Republican Party. He said that there are not enough ideas for management changes, fines and other ideas as a condition of trading.
"Unfortunately, China has prevailed in negotiations with our country's administrative authorities. They are winning the current trade talks," Rubio wrote on Twitter.
'They avoided tariffs. They also reached a deal on ZTE, but did not make any meaningful concessions in exchange.'
Rubio was not the only person who had this concern. Several of the parliament’s committees last week adopted measures agreed by the two parties to bind ZTE’s penalties and financing bills, and the Senate Banking Committee, which controls real powers, ) Yesterday passed a measure that made Trump unable to revise the punishment for ZTE for at least one year.
Trump stated that he had not yet reached a deal on ZTE and admitted that he had reconsidered ZTE's penalties only because Xi Jinping put forward this request to him. US officials likened Xi Jinping’s request for intervention on ZTE’s issues to Ramp represented U.S. businesses' requests to foreign leaders.
"(The purpose of the initial punishment) is not to stop ZTE from operating, but to ensure that they abide by our country's sanctions plan. 'The U.S. Treasury Secretary Steven Mnuchin said to US congressmen yesterday.
At the time of this controversy, Republicans in the U.S. Congress have taken an increasingly tough stance toward Beijing’s access to U.S. technology, advancing an initiative that will be given to the Committee on Foreign Investment in the U.S. Great Power, Legislation on the Impact of China's Investment on National Security Can Be Examined. Financial Times
4.Trump: The United States has not reached any agreement with China on ZTE
Trump said he expects that ZTE may be required to pay up to US$1.3 billion in fines and change management, adopt very strict security regulations, and expect ZTE to purchase a large proportion of parts and equipment from the United States. He negotiated with China and the United States last week. Not satisfied, saying that this is the first step in reaching a final agreement with China.
On Tuesday, local time, Trump said at the White House that the U.S. government has not reached any agreement with the Chinese government on ZTE.
He said that the implementation of the ban on ZTE would also damage the interests of U.S. companies. He expected that ZTE may be required to pay a fine of up to 1.3 billion U.S. dollars and change management, establish a new board of directors, and adopt 'very, very strict safety regulations'. It is also expected that ZTE will purchase a large proportion of components and equipment from the United States in the future.
Trump pointed out that he was not satisfied with the Sino-U.S. Washington talks last week and stated that this is the first step in reaching a final agreement with the Chinese government and hopes that the next trade talks will proceed quickly. CCTV News
5. The bit of land in the mainland has been complained by a large number of miners, professional mining machine is not as good as low-end graphics card?
'How can we dig a few coins a day? How can we reduce the price of mining machines? The coupons for compensation are basically one after another'.... In recent days, a large number of 'miners' tweaked the 'bital continent' of the mining machines sold on the Internet. The refund is not in place, the refurbished machine is out and sold.
In recent years, the reputation of blockchain digital coins has become more and more popular. Among the most well-known applications of Bitcoin, Ethereum, Litecoin and other virtual assets have actually attracted many people's attention after the rapid rise of 2017. It shares with stocks. Trading is similar to trading in the digital currency trading market. In addition to direct purchase, there is also a relatively simple way to obtain digital currency, that is, 'mine mining' itself - buy a miner in the hands of the mining machine operators, connect to After logging in to the back office, you can wait for the 'Bucket to collect money'. Many entry-level users who don’t understand the relevant principles are therefore heading into the mining circle, hoping to purchase the miner’s energy sources and continue to dig out wealth. It turns out that only considering It is far from enough to calculate the return date and income of mining machine prices, electricity bills, etc. The investment in the coin circle is not as simple as imagined, and the return is not at your fingertips.
At present, there are more than a thousand kinds of digital currency on the market, and mining machines used to dig various currencies have also emerged, such as the ability to dig more than the original ant B3 mining machine, to dig Litecoin's ant L3+ mining machine, to dig into the world. The currency of the ant D3 mining machine, bitcoin mining S9 mining machine and so on. Recently, B3 mining machine and L3+ mining machine due to a variety of issues by a large number of miners complaints attracted everyone's attention.
B3 mining machine is hot, domestic sold out for a second
On April 25th, the latest product of the Bitcoin official online ant mining machine - specifically used to dig more than the original ASIC mining machine B3, domestic and foreign 2,500 each, the domestic version of the price of 17,000 yuan, one second sold out.
The miners shipped on May 5, and most of the users discovered that they could dig more than 200 in 12 hours after receiving the goods on the second day. The day's price was close to 6 yuan, and the miners were once delighted. Hopefully, there are articles based on the first day's output calculated B3 miner up to one month back, but such an exaggerated return can really continue?
So-called mining machines generally refer specifically to machines for digging electronic cryptocurrencies. At present, there are mainly two kinds of ASIC mining machines and graphics card mining machines. The core of an ASIC (Application Specific Integrated Circuit) mining machine is an application-specific integrated circuit chip. Some kind of electronic cryptocurrency algorithm development. Generally speaking, compared to graphics card mining machine, ASIC mining machine power consumption is lower, performance and reliability are higher.
The mining principle is that the mining machine uses the workload proof algorithm to dig out the newly generated electronic cryptocurrency every day. The higher the mining power, the more coins are dug. However, the number of new coins generated every day is basically the same. With the increase in the number of miners, the profit of each miner will be 'dilutive' and the number of coins dug will be reduced. The miners are called miners. In the mining industry, the importance of time is self-evident. We want to get high profits only to race against time.
Bitland: The first batch of approximately 285 diggings a day
The currency of the B3 mining machine is more original than the original currency in the original chain, and is more open source than the original chain algorithm. This means that everyone can develop mining programs for different computing devices based on its algorithm. An excellent mineral machine is the highlight.
Just before the sale of the miner, Bitland once made a live broadcast. Regarding the expected daily gains of the miner, sales manager Fan Xiaojun said: 'If we say that all of our first 5,000 machines are online, If the machines are counted as compared to the original 6 dollars, they can dig about 285 yuan, which is about 47 to 48. Because our power consumption is very low, the electricity tariff is very low.
The head of the Bitland sales department mentioned in a live broadcast that if all of the first 5,000 machines were on line, each machine would be able to dig for about 285 bucks, or about 47 bucks, if it counted on the original 6 bucks. 48...'
Tang Weiwei, director of BI product strategy at Bitland, once said in the "2018 Blockchain + Artificial Intelligence Summit Forum" that artificial intelligence chips and POW male chains combine to form a powerful computing power, which is very good for the POW public chain. Escort'.
At the "Flying Bird 2018 China Blockchain Technology and Application Summit Forum", Langyu, the chief technology officer of the original chain, also mentioned that the Tensority algorithm of the original chain will be customized with a proprietary AI-ASIC chip. The efficiency is orders of magnitude higher than that of the GPU. The advantages.
Miner: Graphics Digging Out of B3 Minerals More Than Original Income
The miners believed that the official speech before the miner’s release had been suggesting that the B3 miner would have greater advantages in mining, but the reality did not develop towards the miners’ expectations. The first batch of users received B3 miners one after another, and they started up. After mining, it was found that the daily income of each miner continued to halve. On May 10th, each unit was still able to dig less than 50, and after a few days, until May 18, there were only 16 each. The reason for the lower earnings is mainly due to the influx of the graphics card mining machine. There is a mining pool to release the graphics mining program. The graphics card miner finds that using the graphics card to dig more than twice the original revenue is to dig another electronic encryption currency.
With more and more card mining machines, the daily income of the miners is far below the range of 47 to 48 that Fan Xiaojun said. According to this trend, it will soon be less than 10. The profit of the B3 mining machine has been diluted, and the road to recovery has been lengthened. The dissatisfaction among the miners has been rising. The rights protection groups formed by the miners have reached nearly 1,000 people. They protested against the false propaganda of the Bitcoin and deceived the consumers. The miners believe that The same cost graphics card power, even higher than the B3 mining machine.
At noon on Friday, May 18th, several defenders and the officials of the Bitland Ant Mine Machine made phone calls. The claims for compensation were for the first batch of the machine for compensation of 10,000 yuan, and the second batch of compensation for the machine was 6,000 yuan. The official has responded After making deliberation and replying, the answer to the problem of insufficient capacity for individual machines is that the solution proposed by the Ant Mine Machine is to compensate 300 Yuan coupons for losses caused by the inability to excavate during the return period. The defenders explicitly oppose and refuse. There was no official response on the following weekend. The reporters' interviews were rejected because they were too busy.
After the firmware is upgraded, rights protection temporarily comes to an end
On the evening of May 19th, the ant miner's official website released two B3 miner's upgrade firmware. One of the firmware updates named 'update_1000.tar.gz' was to enhance B3's power, and the average miner was found after upgrading. The power increased from 780H/s to 1000H/s. The information on the background management page shows that the frequency of the miner has not changed, and the power of the miner has been slightly increased by the smart plug.
This news quickly spread in the miners' WeChat group. For a time, the group's denunciation of rights defenses was also much weaker. However, there were soon miners who questioned Bitten that the firmware upgrade was overclocking and would reduce the life of the miner. Boss's miner reported to consumers that he believes that raw computing power is the balance between power consumption and heat. After the update, the machine is overloaded and there will be various problems. There are also miners who discovered the miner and mine after updating the firmware. The network connection of the pool is not stable and frequently dropped. At present, the Ant Mine Machine official has not made more explanations on this firmware.
Scenery of Bitland, Anxious Ant Miners
The mining equipment for electronic cryptocurrency has evolved from ordinary computers to high-end graphics cards, and ASIC mining machines. The competition among miners is becoming more and more intense, and Bitland is one of the biggest beneficiaries. According to “Finance” magazine, Bitland holds 70% of the land. ~80% of ASIC's miner's market share makes it the most powerful party in the industry chain. Bitcoin co-founder Jenke Group revealed in an interview with BusinessWeek that Bitland's 2017 revenue is about 2.5 billion. Dollars.
Compared with the scenery of the Bitcontinent, the miners who bought the Bitland Miner have been struggling. The miners' costs include mining machines, electricity bills, and floating currency prices, which also have a significant impact on profits. They are introduced when currency prices continue to rise. The price of the mining machine may reach 20,000 to 30,000. If the price of the coin falls, the price of the mining machine will also fall. This leads to a huge gap in the cost of mining workers entering the mining industry at different times. It will be difficult to buy at the high point or even three years. This, together with the difficulty of mining with the automatic adjustment of the computing power, the higher the total net computing power, the greater the difficulty, and the smaller the mining machine revenue.
Litecoin Miner: At this rate, it will be difficult to return to this
User Chen told consumers that he purchased 25 bit-bit L3+ Lite coins in February at a price of RMB 11,200 (this price does not include power supply), according to the present (May 19) Litecoin 850 yuan / The price of the piece, the daily output is 0.023594 pieces, the converted return is 19.72 yuan.
At the beginning of 2018, an S9 Bitcoin miner brewed around 28,000. In just three months, the miner had already dropped the price to 7,000 yuan, and spent less than 6,400 yuan on coupons. Take the Litecoin mining machine L3+ as an example. At the end of January, it was 17,800 yuan. The lowest price fell below 2,500 yuan recently. At present, the official website is priced at 3,800 yuan.
'The L3+ miner's power consumption is 850W, and it runs for 24 hours at a rate of 0.56 yuan/kWh for electricity consumption, which translates to 11.42 yuan and a net return of 8.63 yuan. According to this simple algorithm, the return period will take 7 days in 43 days, nearly three and a half years. But actual This is not the case. Because Bitland has repeatedly dumped the prices of miners, the whole network is now about 35% more difficult every month. That is, every other month, we have to reduce our revenue by about 35%. For the three-and-a-half year period just calculated, it is still not possible to return to this. 'Mr Chen also believes that 'there may be less than the end of the year, and the daily output is not even enough to pay for the daily electricity bill. It will be too late to return to the miner's machine. Retired. '
The number of mining machines surged and the refurbished machines sold as new machines
In addition, the netizen Xiao Li, who had invested millions of yuan to purchase the L3+ Litecoin miner, told consumers that “The Bit Continental had said that it sold only 5,000 units in one batch and 2-3 batches in one month, but Based on the calculations of the entire network, the total net power in the beginning of March was only around 300,000 units, and the total net power in May had reached 600,000 units, an increase of nearly 300,000 units in just three months.'
There were also miners who reported that the miner they received was a refurbished machine. For this reason, Bitland customers did not deny and agreed to re-delivery. Xiaochen told consumers that he found that in the same batch of dozens of miner fan models Not the same, the parts are different, he is very worried about the hot weather, the machine will not be able to heat the fan because of heat dissipation and damage the machine.
'Taking pits' needs to be careful, mining is not easy
Xiao Chen stated that as an investor in virtual currency mining, when users invest, they have to bear the dual risks of future growth in computing power and falling currency prices, as well as the possibility of higher-impact machines in the future. He believes that investment is a failure. Willing to lose, but the loss is not a simple cause of the market, mainly due to the seller's unrestricted price cuts and unlimited supply. Xiaochen mentioned that if there is no corresponding department to guide this matter, there will be more innocent follow-up. Investors were stricken. He told users who wanted to enter the pits that investing in mining was not a simple matter of buying a batch of machines and leaving home to wait for profits.
Consumer reports also learned that the miners had complained in the official and related departments of the Bitland, but due to the special nature of the miner, rights protection had a certain degree of difficulty. In response, the lawyers gave the following opinions: 1. The original evidence was preserved. Including the seller's live video promotional materials, the screenshots of the mining machine's webpage, the payment transfer voucher, the logistics receipt document, and the evidence of insufficient mining machine power; Second, negotiated with the seller to solve; Third, the legal process can be adopted if the negotiation fails. solve.