[blochchain in SEA] New Business Model of large Mine in Thailand
Blochchain in SEA
73days ago


Time:01/03  18:00

Wechat group: BlockChain-in-SEA

Guest: Kasamapat Vithanwattana, CEO of Zmine, Thailand

Host: Andy Zheng, CEO, Beecast



Andy Zheng: Good evening, everyone! I am Beecast CEO Andy Zheng.

Welcome to the leading blockchain community media [Beecast] and join us with 5000+ communities & 1000000+ Beecasters in [Blockchain in SEA] to discuss blockchain technology and industry development.

This is the Phase 9, Topic: New Business Model of large Mine in Thailand

Guest: Kasamapat Vithanwattana.

Kasamapat Vithanwattana, CEO of Zmine. Zmine is a famous cryptocurrency mine in Thailand. Zmine Team is a group of computer engineers who are interested in encryption and decryption technology gathering together and developed an advanced system for cryptocurrency mining. In 2017, they started a unique business model called WRYGC (We Rent Your Graphic Card), So that everyone can bring their own GPU to let them operate and share the cryptocurrency received from the mining operation between the GPU’s owner and theirs without additional management fees.


Andy Zheng: Mr. Kasamapat, can you give us a brief introduction to your personal experience? For what reason did you enter the blockchain industry and start operating an cryptocurrency mine?

Kasamapat Vithanwattana: My education experience as follow BEng Survey Engineering, BEng Computer Engineering, MSc Computer Engineering, and currently I’m PhD candidate in Computer Engineering, Blockchain Technology Major.

Actually, I start cryptomining privately since 2013-2014 but debuted myself with my friends officially in the middle of 2017 with the model called “WRYGC” (We Rent Your Graphic Card).

Andy Zheng: PhD in Computer Engineering is so cool, you are my Tech-idol,I just have master's degree in Computer Engineering.


Andy Zheng: How big is Zmine's market share in Thailand and how many users are there? Where are the main distribution areas of users? what are the market expansion channels for Zmine?

Kasamapat Vithanwattana: Well, I would rather say that our major market is in Thailand, but I am not going to justify the exactly size of the token holder, as if you see from the ZMINE token holder chart, it has been changed every day. And if you looking into our Telegram community, it is going to be around 1.5K users, probably small community but all of them are organic users! And so far so good, keep growing up. The market expansion of ZMINE in this year is going to be majority in Asia continent.

Andy Zheng: Sometimes quality is more important than quantity.

Kasamapat Vithanwattana: Absolutely correct. As in the past year, we completed what we should in Thailand already.



Andy Zheng: Because of the high power consumption of GPU, the disadvantages of professional mining machines are very obvious, such as high power consumption, high heating, high noise and so on. How does Zmine cope with the problems prevailing in the mines? what are the competitive advantages of the Zmine business model? What do you think is the most important thing for a mine to stand out in the market competition?

Kasamapat Vithanwattana: Before answer this question, I have to introduce you guys by turning back time to the point when we have just start our mining business. In that time, we have got only one mining shelf with not even reach 100 GPUs, so on, we keep growing up, from 100 to 1000, from 1000 to 5000, from 5000 to 10000……until now, we have got altogether approximately 23000 GPUs under control, half AMD and half NVIDIA, and our system now can serve up to 100000 GPUs.

Andy Zheng: Quite good data.

Kasamapat Vithanwattana: Now, we can see something clearly that we start from scratch and keep developing the system to serve any size of our mining farm, ...

Andy Zheng: Technicians are generally closer to the forefront of the industry,you did it in Thailand

Kasamapat Vithanwattana: We faced many problems; network, electricity, etc. This becomes our valuable knowledge and resources which extracted from the real situation we used to solve! Lesson learned honestly.

Key points of our system are the forward prediction mining that the system is going to analyze the existing and newborn cryptocurrency which has an opportunity in term of rocket up itself price, once we keep mining that crypto in the appropriate hashrate calculated based on its network hashrate until the saturation point, we can sell those crypto out with the maximum benefit, and afterward, our system is going to make its decision again whether to continue mining the same crypto or either switch to another crypto. In conclusion, we still give the most faith into “knowledge” and “experience”.

Andy Zheng: Every startup has an issue similar to yours in the early days. How to solve this depends on the idea of the founder. Both strategy and tactics have a big impact. I am very glad that your team have done well.


Andy Zheng: How do you evaluate the impact of the bear market on the mining industry? Under the cold winter of the market, how has the operation of Zmine changed compared with the bull market? What adjustments have been made to the operational strategy?

Kasamapat Vithanwattana: Have you ever heard the phrase said that “to change the crisis into opportunities”, and yes, in this situation that many people may under depressed, disappointed, and that day may come when our courage are failed by this bear market effect, but it is not for ZMINE, as today, we still fight, we still have many ideas to develop. On the other hand, ZMINE can see it clear that this is the stable situation of the crypto market. Everything is under control, so, we have some spare times to do more project or task, currently concentrate in AI technology.

Andy Zheng: The crisis is a good thing. On the one hand, the crisis eliminates those who are opportunistic, and on the other hand, the crisis can bring new improvements.

Kasamapat Vithanwattana: Also, this time may the suitable time to enlarge our mining farm. As there are no “demand” to make the price of our necessary equipment such as the GPU price shooting up to the moon, becomes the crisis of “VGA Coin”, haha.

Anyhow, we still prefer sustainable development rather than unstable growth.


Andy Zheng: How do you think the changes in Thai policy have had an impact on the cryptocurrency mining industry? How do you evaluate Thailand's policy attitude on blockchain and cryptocurrency industry?

Kasamapat Vithanwattana: I would rather not say that it is going to effect in our industry as honestly, I still cannot see any clue how this going to complete, but anyway, we would agree in any policy which going to be announced in the future, and also, we can donate ourselves in order to help the government to draft up the policy for mining industry, as we are quite confidence and able to claim that we are the crypto-mining specialist.


Andy Zheng: Would you like to introduce your understanding of the cryptocurrency market and its mining industry in Thailand and even the whole of Southeast Asia? What opportunities and challenges do you think the mining industry will have in the future?

Kasamapat Vithanwattana: Yes, mining is not going to be only mining, as our mentioned opinion, we can do everything using GPU, but anyway, I am not pretty sure whether others thinking as what we think, most people who are successful are usually just a few people in social.

Another opportunity is that we can buy a lot of used and new mining machines at very low prices, which these successful groups often have different opinions from the general public, am I correct? The major problem of mining industry is to adapt themselves into another business if cryptomining is not worth or not profitable at all, but no worry, ZMINE always has got plan-B.

Andy Zheng: Truth is often in the hands of a few people

Different opinions from everyone are generally correct.


Andy Zheng: What are Zmine's business plans for the future?

Kasamapat Vithanwattana: As we used to mentioned that we are focusing on GPU usage, thus, the further development for ZMINE is going to be any task which GPU related. Currently, we are under the MOU agreement with Deepbrain Chain to develop the AI platform and community together. And also, we looking forward to collaborate with Cortex as well.


Andy Zheng: As a senior preacher in the blockchain field, you may have come into contact with a lot of people in the industry. Are there anyone you admire, and why? Beecast currently covers 250 cities in 15 countries, 5,000 community nodes, 1 million users , and hope to invite more big names to [Blockchain in SEA] to share the blockchain, promoting the development of the industry. If Mr. Kasamapat introduces one or two guests from SEA to be interviewed, who would you recommend to Beecast to share?

Kasamapat Vithanwattana: In my personal opinion, I admire everyone in blockchain field as this community is still very small, every single cog and gear which means us can helps driving this ecosystem forward to the word for blockchain which we always said that “Blockchain is the future”.

Lastly, ZMINE also one of the fundamental factors of this ecosystem, miner. We would more than love to support this community in order to achieve any objective, follow, and leading in any direction to fulfill and make our blockchain community getting much better.


 Q & A

Q1: What advice do you have for anyone interested in starting the crypto mining industry at this time?

Kasamapat Vithanwattana: Honestly, I think this time is not suitable for newbie or small miner, but if for education, please do. As I think this is the period of "development', the 2nd phase of new technology cycle.

1st newcoming and boomer, 2nd real development, 3rd again, find more profitable. Same as if you remember the ".COM" crisis.

Q2: Big thanks to Mr. Kasamapat for the sharing! Today’s interview is over now.

Kasamapat Vithanwattana: Any entrepreneur always has their own unique characteristic and concept to operate their business. So far so good, the direction of their company will be depend on their leader

but the most important character in my opinion for the owner to lead their business are "vision" and "unique", as I am kind of people who prefer "blue ocean" strategy rather than "red ocean" strategy, and because of this strategy, I could say that ZMINE always discover some new opportunitie before others. Blue ocean may turn in red ocean anytime, but once it has been turn, ZMINE is already find new blue ocean, always 1 step forward.


[blochchain in SEA]泰国大矿场的新商业模式 9汉.jpg

 对话时间:2018 年 1月 3日  18:00 



Kasamapat Vithanwattana,

Zmine CEO


东南亚Beecast CEO


郑西平:各位Beecaster,大家晚上好!我是东南亚Beecast CEO 郑西平。

欢迎大家来到领先的区块链社群媒体【Beecast】,与5000+社群1000000+Beecasters一起参与【Blockchain in SEA】节目,探讨区块链技术与行业发展。本期是Beecast【Blockchain in SEA】第9期,

主题: 泰国大矿场的新商业模式

嘉宾: Kasamapat Vithanwattana

Kasamapat Vithanwattana,Zmine CEO。Zmine是一家泰国有名的加密货币矿厂,Zmine团队由一群对加密和解密技术感兴趣的计算机工程师组成,他们开发了一种先进的加密货币挖掘系统。2017年,团队开创了一种独特的商业模式,称为WRYGC(We Rent Your Graphic Card),每个人都可以携带自己的GPU,让团队操作并共享从挖掘操作中接收到的加密货币,不收取额外管理费。


郑西平: 您可以向大家简单介绍一下个人的从业经历,您是由于什么原因走进区块链行业并开始经营加密货币矿场的?

Kasamapat Vithanwattana:我的教育经验如下:BEng调查工程,BEng计算机工程,MSc 计算机工程,目前我是计算机工程博士研究生,主修区块链技术。

实际上,我从2013-2014年开始从事加密挖矿,但在2017年年中,我和我的朋友们正式推出了名为“WRYGC”的模型( We Rent Your Graphic Card/我们出租你的图形卡)。



郑西平: 目前,Zmine在泰国的市场份额有多大,用户有多少?分布区域主要在哪里?Zmine的市场拓展渠道有哪些?

Kasamapat Vithanwattana:我更想说我们的主要市场在泰国,但我不打算证明通证持有者具体的体量。就像您从ZMINE通证持有者图表中看到的一样,它每天都会被更改。如果你调查一下我们的电报社区,那将是大约1.5K用户,可能是小社区,但他们都是有机用户!今年ZMINE的市场扩张将主要集中在亚洲大陆。

郑西平: 有时质量比数量更重要。

Kasamapat Vithanwattana:绝对正确。与去年一样,我们已经在泰国完成了我们应该完成的工作。


郑西平: 因为GPU的功耗大,所以专业矿机的缺点非常明显,例如高耗电、高发热、高噪音等,Zmine是如何应对矿场普遍存在的难题的?Zmine的商业模式有哪些同业竞争优势?您认为一家矿场要想在市场竞争中脱颖而出,最关键的是什么?

Kasamapat Vithanwattana:在回答这个问题之前,我要先向大家介绍一下,回到我们刚开始做采矿生意的那一刻。在那段时间里,我们只有一个开采架,甚至不到100个GPU,所以,我们一直在成长,从100到1000,从1000到5000,从5000到10000……到目前为止,我们已经拥有大约23000的可控GPU,一半AMD和一半NVIDIA,我们的系统现在可以服务多达100000 GPU。

郑西平: 相当可观的数据。

Kasamapat Vithanwattana:现在,我们可以清楚地看到,我们从零开始,并不断开发系统,以服务于我们的任何规模的矿场。

郑西平: 技术人员通常更接近行业的前沿,你在泰国做到了。

Kasamapat Vithanwattana:我们面临着许多问题:网络、电力等。这成为我们从过去解决的实际情况中提炼出来的宝贵知识和资源!诚实地吸取教训。


郑西平: 在创业初期,每一家初创企业都会遇到类似于你的问题。如何解决这个问题取决于创始人的想法。战略和战术都有很大的影响。我很高兴你们队做得很好。


郑西平: 您怎样评价熊市的到来对于挖矿产业的影响?市场寒冬之下,Zmine的经营情况相较牛市发生了怎样的变化?运营策略有怎样的调整?

Kasamapat Vithanwattana:你听过“把危机变成机遇”这句话吗?是的,在这种情况下,很多人可能会沮丧,失望,也许有一天,我们的勇气会因为熊市效应而丧失,但这对于ZMINE不是,因为今天,我们还在战斗,我们仍然有许多想法要发展。另一方面,ZMINE可以清楚地看到,这是加密货币市场的稳定局面。一切都在掌控之中,所以,我们有一些空闲时间来做更多的项目或任务,目前我们集中于人工智能技术。

郑西平: 这场危机是件好事。一方面,危机消除了那些机会主义者,另一方面,危机可以带来新的改善。

Kasamapat Vithanwattana:同时,这次也可能是扩大我们矿场的合适时机。由于没有“需求”使我们必要的设备价格,比如GPU价格飞升到月球,变成了“VGA币”的危机,哈哈。无论如何,我们仍然倾向于可持续发展,而不是不稳定的增长。


郑西平: 您认为泰国政策的变化对加密货币挖矿行业产生了哪些影响?您怎么评价泰国关于区块链及其加密货币行业的政策态度?

Kasamapat Vithanwattana:我不想说它会对我们的行业产生影响,老实说,我仍然看不出这会是如何完成的,但无论如何,我们会在将来宣布的任何政策上达成一致。同时,我们也可以为帮助政府起草矿业政策出一份力。因为我们很有信心并且能够声称我们是加密技术挖掘专家。


郑西平: 请您介绍一下对于泰国乃至整个东南亚加密货币市场及其挖矿产业的了解,您认为加密货币挖矿产业在未来有哪些机遇和挑战?

Kasamapat Vithanwattana:是的,采矿不仅仅是采矿,正如我们所说的那样,我们可以用GPU做任何事情,但是不管怎么说,我不太确定其他人是否像我们想的那样想,大多数成功的人通常只是社会上的少数人,另一个机会是,我们可以极低的价格购买大量旧的和新的采矿机器。那些成功的团体经常与大众有不同的意见,我是对的吗?矿业的主要问题是,如果加密挖矿不值得或根本没有利润,那么他们就会适应另一个行业。但不用担心,ZMINE总是有备用计划的-B^,

郑西平: 真理往往掌握在少数人手中。人们的不同意见往往却是正确的。


郑西平: 未来,Zmine的业务发展有哪些计划?

Kasamapat Vithanwattana:正如我们以前提到的,我们将重点放在GPU的使用上,因此,ZMINE的进一步开发将是任何与GPU相关的任务。



郑西平: Kasamapat先生作为资深的区块链领域布道者,应该接触过很多行业内人士,其中是否有您欣赏和佩服的从业者,为什么?Beecast目前覆盖15个国家250个城市、5000个社群节点、用户100万+,希望通过[Blockchain in SEA]邀请更多的大咖来社群分享区块链,以推动整个行业进一步的发展,如果Kasamapat先生引荐一到两位嘉宾,您会引荐谁来做客Beecast进行分享?

Kasamapat Vithanwattana:在我个人看来,我钦佩区块链领域的每一个人,因为这个社区仍然很小,每一个齿轮意味着我们可以帮助推动区块链这一生态系统向前发展,我们一直说,“BlockChain是未来”。最后,ZMINE也是这一生态系统的基本因素之一,矿工。我们更愿意支持这个社区,以实现任何目标,跟随和引领任何方向来实现愿景,并使我们的区块链社区变得更好。




Kasamapat Vithanwattana:老实说,我认为这个时候不适合新手或小型矿工。但是如果是为了学习教育,那就请做吧。





Kasamapat Vithanwattana: 任何企业家都有自己独特的经营特点和经营理念。到目前为止,一个公司的方向将取决于公司的领导。因为我是那种喜欢“蓝海”战略而不是“红海”战略的人。因为这个策略,我可以说,Zmine总是比别人发现一些新的机会,蓝色的海洋随时可以在红色的海洋中旋转,但是一旦它转了,ZMINE已经发现了新的蓝色海洋,总是向前迈进一步。

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