The end of technology.

Of course, the premise is that you are not greedy!

……

It is no exaggeration to say that at least one tenth of the people in the world are paying attention to this minute.

When everything really happened, the global market as a whole was in an uproar.

Especially for Cisco, Samsung, Ericsson, Nokia, etc., these typical network equipment design manufacturers who are still discussing how to start negotiations with Huaxia.

If this operation is a collapse of belief for people in the currency circle, it is tantamount to another warning to them.This is no longer a purely technical issue. Those who dare to directly kill a global trillion-dollar market are somewhat insane in the eyes of many bigwigs.

How to put it, this means that Huaxia not only does not recognize the legality of Bitcoin, but even prohibits domestic transactions.If Ning Ruo didn't tell the truth in other places, even after the post was posted, someone would probably have invited him to tea.

It's a pity that Ning Zhi was in China.

But there are also advantages, at least it makes the unity of high-level thinking easier.

……

Of course, news quickly flooded the Internet.

At 17:13, #bitcoin collapsed# was on the hot search list.

At 17:15, #实货货币全除了# was on the hot search list.

At 17:19, #评件市内布商商是谁# was on the hot search list.

At 17:27, #Mathematician Really Can Do Whatever You Want# was on the hot search list.

At 17:32, #华尔街早晚的暴闻# was on the hot search list.

At 17:39, #模板多少控报告The global financial system is facing the highest level of security threats# was on the hot search.

At 17:47, #这是一个战争# was on the hot search list.

At 17:59, #华夏燕北体大学entering an emergency security state# was on the hot search list.

At 18:11, #bitcoin wallet once again fell into the hot search.

At 18:27, #游戏图形会减价吗# was on the hot search list.

At 18:37, #华夏最牛bit商数推荐在新国跳楼# was on the hot search list.

At 18:56, #打矿主司做了租机已经# was on the hot search list.

At 18:57, #世界主要评件交易市场是结果停止交易# was on the hot search.

19:03: #XX coin founder was shot while attending a meeting# on the hot search.

19:09: #宁魏怎么做到的# is on the trending list.

19:16: #The prices of graphics cards on major e-commerce platforms are now dropping sharply RTX2080 series first break price#

At 19:22, #player shouting mine boss paying card not killing# was on the hot search.

19:36: #According to statistics, the total market value of the virtual currency market before bankruptcy broke trillion US dollars# was on the hot search.

At 19:57, #白质财市市场evaporated money where to go# was on the hot search.

At 20:17, #华尔街有大推荐天台队队# was on the trending list.

20:44: #老黄会凉呀# is on the trending list.

21:07: #多国是考讨定定定宁孙给国际打打# on the hot search.

21:22: #网络信息真实安全吗# is on the hot search list.

21:32: #英卫达、AMD股份开盘啪泪# is on the hot search.

21:36: #Virtual collapse triggers world bond market crisis# is on the hot search list.

21:50: #币环大故类场委主或开驰飞飞模式# on the hot search.

21:55: #科学报详细计划银河和modern bank security system is not the same system# on the hot search.

22:00: #Experts said that China's financial system is absolutely safe and reliable # on the hot search.

……

What is lively?

This is called lively, and the hot searches provided by netizens are beating one after another.

The people in it are stunned, and ordinary people have begun to be dizzy.

This made countless ordinary netizens finally feel that eating melons is not enough. This one after another, this is probably the first time in the history of the Internet, accompanied by a topic, in just two or three hours, around One topic, nearly countless topics popped up, directly occupying the hot search list.

Just open Weibo or a search engine, and you will find that the hot spots next to it are all about the derivative topics after the collapse of Bitcoin.Whether you want to be involved or not, you have no choice.

Even if you are not interested in finance at all, you cannot escape.

Really, at this time, it is very difficult to find the shadow of a star idol on the hot search.

Many netizens even posted questions about whether Teacher Wang had a big move today.

But then again, there are some topics related to the interests of ordinary people.

For example, even the so-called extremely secure blockchain technology can be easily broken, and the 256-bit private key cannot prevent the wallet from being passive. Can the 6-digit bank card password really ensure the security of the money in the bank card?

This alone is enough to attract the attention of countless people.

Topics keep popping up, and various opinions keep popping up. On a well-known question-and-answer software in China, the active and relevant high-quality answerers have not even caught up with the update speed of the hot list questions.Often a question has not been answered, and several related questions have already popped up.

Correspondingly, the collective collapse of some Tieba and the collective carnival of some Tieba; Huaqing University's Weibo is lively again, but this time many people's messages have changed their style: "Suddenly I can understand you, such a big You really can't stand it if your bones aren't hard."

Of course, in fact, many people feel that even if the bones are hard enough, they can't stand it.

……

USA, California, Santa Clara.

One of the world's most powerful fabless IC semiconductor design companies and a global leader in graphics technology and digital media processors - the famous NVIDIA headquarters is located here.

Of course, for countless netizens, Nvidia's most powerful is the programmable graphics processor technology it provides to the world, which is commonly known as the graphics card.In the graphics card market, this company has a near-monopoly dominance, especially in the game card market.

But such a very dominant company is also confused at this time.

The development of Bitcoin has made the company aware of the potential of the mining machine market, especially the consumption potential of high-end graphics chips.

After all, the amount of purchases made by mine owners in the hundreds or thousands at a time is unmatched by ordinary gamers.The emergence of mining machines has directly changed the consumption structure of the global graphics card market.For a for-profit company, it's natural to take this changing trend very seriously.

In fact, it's not just them, AMD is the same.

Although in the announcement, Nvidia also condemned the emergence of mining farms, which disrupted the global graphics card market and pushed up graphics card prices, but in the face of these large customers, it is naturally impossible to ignore them.After all, pushing up the price of graphics cards also means that the company can be more unrestrained when setting the ex-factory price. Even if the graphics cards cannot be sold, these mine bosses will still support them.

Not to mention that these large orders will eventually be reflected in the financial report.

Although NVIDIA does not directly produce graphics cards, major graphics card manufacturers around the world need to order GPU chips from it to have finished graphics cards for sale.From this point of view, NVIDIA directly determines the life and death of countless graphics card manufacturers, and also determines the supply of the graphics card market.

In fact, in order to cope with the consumption power of emerging mining bosses, Nvidia has begun to invest heavily in chip research that is more suitable for mining minerals.After all, this is a market with great potential.Bitcoin mining pools are getting scarcer day by day, but as long as the price remains high, someone will eventually invest huge computing power to mine.

Not to mention that the virtual currency market is endless.

Even if Bitcoin is really mined after a few decades, there are countless new extension virtual coins to support this market.

So this decision is absolutely wise from a business point of view.

As for how downstream graphics card manufacturers distribute production after the chip is provided, Nvidia only needs guidance.Similarly, whether gamers' high-end graphics card needs can be met is also not an issue for Nvidia to consider.

Not to mention that the speed of the mining machine to eliminate the mining card is much faster than that of the game player.

Except for the most high-end game players who will chase new cards, most players can even use a high-end game card for three to five years or even longer.But if the graphics card is used for mining, the limit life is two years.

You must know that in order to maximize the mining efficiency, each graphics card is used 7×24 hours a day, and the core video memory maintains high power consumption and full-frequency operation for a long time. It only takes one year for the computing power to drop significantly. Condition.

At this time, the mine owner often chooses to directly replace the graphics card.

There is also a very interesting logic in this, because there is a shortage of game graphics cards in the market, these mining cards can even be shipped at the original price when they were purchased, or even a little lower, and then replaced with a new graphics card.

When this batch of mining cards falls into the hands of players, it often does not take long for problems to occur, which once again generates demand.

Of course, in face, he must announce various strategies to fight against the mining card, but physically he is very honest.

After all, in 2017, when Bitcoin was soaring, Nvidia’s financial report was there.

According to the financial report, Nvidia's 2017 annual revenue hit a record high, reaching US$97.1 billion, a year-on-year increase of 41%, and its profit increased by 83%.Nvidia's full-year GAAP earnings per share were as high as $4.82, an increase of 88% year-on-year.Especially in the 2017Q4 quarterly financial report, the performance was directly red to purple, with revenue of 21.7 billion US dollars, a year-on-year increase of 55%, and net profit of 6.55 million US dollars, a year-on-year increase of 216%.

What's even more frightening is that its operating expenses have only increased by 6% while its revenue has soared, which is not worth mentioning at all.

Throughout the fiscal year, Nvidia returned $7.39 million to shareholders in the form of stock repurchases and $2.61 million in cash dividends, and returned a total of $10 billion to shareholders in one year.

That also led Nvidia to make plans to return $12 billion to shareholders the following year.

As for where the high profits are drawn from, the financial report did not elaborate.Of course, if you really want to attribute these performances to the madness of the game market, probably everyone will lose rotten eggs like crazy.

But in general, the vigorous development of the Internet mining industry has made Nvidia live a good life.

But who would have dared to think that the whole mining industry would be taken over in a short while in good times?

Really, when Huang Wenhuang woke up and saw the news that shocked the world, the whole person was stunned.

How long has it been since the good days?The entire mining machine industry chain collapsed?The possibility of development was strangled directly at the source.

The most terrifying thing is that as the founder and CEO of Nvidia, Huang Wenhuang is very clear about what this means from a macro perspective!

You must know that there are a large number of game graphics cards in the current mining machine market.

The drop in Bitcoin price is not terrible. After all, these mine owners are alive, and they can use their computing power to mine other emerging cryptocurrencies.But the entire market is suddenly complete. The closure of the world's mainstream cryptocurrency trading market means that all these mining machines will be shut down immediately, and no one will waste energy to do this kind of loss-making thing.

So here comes the problem. When the entire mining industry is of no value, the owners of the mines will definitely not pay attention to the laws of the market.After all, many mine owners even borrowed money to enter the mining industry.It's almost impossible to keep them sane when virtual assets go to zero.

Basically, it is no different from the stampede effect on the stock market.For many people who have leveraged their desperation that they will lose money, they will only frantically try to recover a little loss.

Think about it, mining cards calculated in units of millions or even tens of millions even smashed into the global graphics card market at the same time without any plan or even scrambling, what kind of disaster will it bring to the entire world graphics card market!

For gamers, once a card is hard to find, it will directly translate into a surplus of graphics cards.

For a while, the new card will definitely not be able to compete with the mining cards that are eager to sell.Under the current circumstances, any boss who spends huge sums of money to buy a bunch of mining machines hesitates for a second in the face of all kinds of unbelievable low prices, it is disrespect for their wealth.

Not to mention that there are still a group of merchants in the market who have the intention of hoarding, and still keep a large number of graphics cards in the warehouse, waiting for the next wave of price surges.These bosses probably want to jump off the building at this time, but Huang Wenhuang believes that even if these people jump off the building, they will smash the graphics card into the market first.

Yes, it seems that what Ning Ruo did was just bloodbath the currency market, but the chain reaction was enough to make the entire upstream and downstream manufacturers of graphics cards go crazy.You must know that the production of any industrialized product has been planned early. In the face of a market that is already hot to the extreme, everyone has planned to order more various components from the upstream than in previous years in the first half of the year. Expand the production line. After all, it can be exchanged for money immediately when it is produced at this time.

As a result, the original carnival situation suddenly came to an abrupt end, and they didn't even give them any buffer time. The new cards were still being produced continuously, waiting to be put into the market, but the other side of the market was suddenly saturated enough to want to spit it out.

If it is not handled well, the world's gaming graphics card market may be stagnant for several years.

The force of this knife is heavy enough. When it hits, it directly divides the virtual currency market that bears the brunt of the brunt into two segments. With no energy left, it also smashes the graphics card market to the brink of death.

Huang Wenhuang doesn't even need to think carefully, the tragic situation of the entire industry chain has already been experienced.

It is inevitable that Nvidia's stock price will plummet.

It is inevitable that the financial reports of the next two consecutive fiscal quarters, or even the entire fiscal year, will be ugly, but these are not important. How to restore the confidence of downstream manufacturers is the most important.

Yes, the moment he saw this news after getting up, Huang Wenhuang thought about too many things after a brief period of astonishment, and then he was stunned to find that the situation he was facing was unsolvable at least at this time.

When he sat in front of the computer, he saw that the mailbox had been bombed.

Well, that's actually to be expected.

But at this time, Huang Wenhuang was stunned. Although he had recovered from the initial shock, it was naturally impossible to say that he could come up with a countermeasure in such a short time.

Once the law of the market begins to exert its inherent power, it often brings about a situation that is almost insoluble.

Busy this time!

……

Wei Hongchang stood blankly in the mine that he invested heavily in.

Last week, he was still sighing with emotion that he had made a lot of money by following the rhythm of the market. At this time, he had to accept the investment of tens of millions, and he was forced to close down after less than half of the return.

Next, he needs to face how to repay the bank loan, the venue lease contract will inevitably default, how to deal with this batch of miners that have only been used for less than half a year, and a series of troublesome things.

At this moment, Wei Hongchang really felt that life had lost hope.

At this time, he didn't even have the strength to curse.

But who can be blamed?

Huaxia officials have never recognized the legality of Bitcoin, and even announced a ban on illegal mining in China.

It was the wrong payment after all...

But after a few minutes of regret, Wei Hongchang picked up the phone and started dialing the number when he returned to reality.

However, the line was always busy, and after he made the tenth call, the call was finally connected.