The Past is Gone, Look to the Miners

"Trading coins is not as good as holding coins, buying coins is not as good as mining." Over more than a decade, miners have witnessed the rise and fall of the crypto community. Bitcoin halving, Bitcoin's surges and crashes, policy changes, high electricity prices, uncertainty in rainy seasons... many factors are profoundly affecting miners' survival. Now, the three major exchanges are competing to launch mining pool businesses. Are small miners still doing well? How can existing mining pools withstand the strong entry of exchanges? What is the core competitiveness of mining pool business? Domestic competition is fierce, and foreign pressure is intensifying.