Rockminer Returns to a Changed Bitcoin World – Interview with Alex Lam
Rockminer will be a familiar name to those who have been on the Bitcoin mining scene for more than a few years. The company was a popular manufacturer of mining hardware in China and overseas, before falling on hard times following the disappearance of Chinese Bitcoin mining identity “FriedCat” — and the 2014-16 bear market. Now, Rockminer is returning to a business environment that’s much bigger and more varied. Can they leverage their old reputation to reclaim their status as one of the industry’s best-known names? We interviewed Alex Lam to hear his thoughts.
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Interview With Rockminer’s Alex Lam
Scott: Rockminer is coming back into a very active ASIC market. What challenges do you expect that are new?
Alex: firstly, (the) market is more transparent than 2014 and 2015, people can get more information by internet; secondly, people have more channels to invest — for instance, they can invest in ICO projects, these are new things after 2016.
S: Could you tell us a bit about what Rockminer has been doing the last couple years?
A: Rockminer was producing miners by supply ourselves full units solution , we bought chips from ASICMINER in 2014. Firstly, we focused on mining hosting after 2015. We are hosting more than 300Ps from 2016, and we hosted 500P but currently only 300P now. Secondly, we will start supplying cloud hashing to investors the end of this May. Thirdly, we are designing ourselves miners now; by the end, we also set up a cryptocurrency fund named ASICVC and will invest in good companies and projects.
S: What are your thoughts on the current state of ASIC production with some coins forking to make ASICs incompatible with their coins? For example, Monero recently forking which made Baikal, Bitmain, Halong and Innosillicon miners all incompatible with their Cryptonight miners?
A: Honestly speaking, ASIC productions are not adapted to every coin, even which are POW. We should produce miners which are useful to coins’ ecology, which means miner producers should make deep conversation with coin teams before they produce new miners for that coin.
S: Rockminer was known for making Bitcoin miners in the past — are you going to be making other algorithm ASICs?
A: Yes, we designed ETH miners this year, and first batch of testing in farms now. We also designed new chips for Bitcoin miners , but I don’t think it’s a good time to push to market now. We think chips are miners, those teams who produce miners without their own chips will be flooded out by other miners and chip producers.
S: Could you tell us about what kinds of miners and services you are expecting to offer?
A: We have professional farms hosting teams on Bitcoin, Bitcoin Cash, Litecoin and ETH coins miners. There are more than 60 people who are working in our two farms now. We can supply the live video of farms to customers.
S: Is there anything you would like to discuss that we have not asked yet?
A: Besides the mining industry, Rockminer can supply blockchain tech services for all teams, because we have professional researchers who are from IBM, Oracle, Tencent, Huawei, etc. We are planning to invest in some good blockchain companies too.
S: What are your thoughts on the current state of mining, and where do you see it going in the next six months?
A: Mining is much more tough than last year based on the hashrates growing up crazy, and more and more miner producers coming out. Good news is, there are some financial tools we can use on the market to avoid loss by mining, which means people should take mining as a long-term investment. Before this November, Bitcoin mining hashrates will grow up to 50K Ps as my prediction, because the 7 and 10nm chips will come out before that.
S: What are you most excited about getting back into the public aspect of the industry?
A: Rockminer is a good reputation company, we take trust as the first principle of cooperation and we did it. The industry is much bigger than 2014 and 2015, and we are also much bigger than that time. I hope all our old and new friends come and join in us.
Do you agree with Alex’s take on the industry? Have you ever purchased and/or used Rockminer’s products? Tell us what you think in the comments.
Images via Rockminer