Is bitcoin mine MLM

1.

Bitmine is real

bitcoin is proced by mining. Every 10 minutes, the miners of the whole network work out an arithmetic problem together. Whoever works out the answer first is equivalent to digging into this block, and the miner can get the bitcoin reward of system rebirth

after bitcoin is g in the mine, the income is distributed according to the proportion of the mine's computing power, so as to ensure a more stable input-output

every other time point, bitcoin system will generate a random code on the system node. All computers in the Internet can search for this code. Whoever finds this code will generate a block and then get a bitcoin. This process is often called mining. Computing this random code requires a lot of GPU operations, so the miners purchase a large number of graphics cards to get bitcoin profits more quickly, which is also an important reason for the recent shortage of graphics cards

2. There are many ways of pyramid selling, but the only purpose is to cheat money. Today, the Municipal Intermediate People's court heard a case of pyramid selling fraud by using the Internet to sell "bitcoin mining machine"
the defendant Wu said: "Xu told me that he bought a mining machine for investment, which is to proce bitcoin. He bought 40 sets, and the income was very good, so I bought a group with him, 600000 yuan, and bought four mining machines."
in February 2014, the defendant Wu joined the krypton energy group of Hong Kong, which has no instrial and commercial registration, as a member and began to participate in the publicity and investment of mining machines. According to the company's regulations, all mining machines must be in the form of one driving three, that is, one is the main mining machine, and the other three are called big cloud, medium cloud and small cloud respectively
defendant Wu: "one of his models is that one person finds three people, three people find nine people, nine people find 27 people, so he goes down infinitely."
defendant Wu: "is the income given to you by the company in cash or bitcoin?" Bitcoin Where have these bitcoins gone?) It's all stored in krypton's "multi coin treasure."
seeing a high return, Wu started to develop his own four mining machines, with 32 people and an investment of more than 42 million. During the period, Wu also organized and attended krypton group marketing meetings and organized member tours for many times
defendant Wu: "what is the actual purpose of such a free overseas tour?" Is the company's overseas meetings, overseas promotion meetings Actually, his goal is to develop investors, right Yes
at the end of 2014, the bitcoin price of krypton energy group dropped significantly, causing investors' panic. Through wechat, small meetings and other means, Wu claimed that krypton group's website was adjusted and recovered soon, and encouraged investors to buy while it was low. At the end of February 2015, the website of krypton energy group was completely closed, and Wu realized that it was a false transaction< The defendant Wu said: "the trading data of the trading platform belongs to robot trading, which belongs to false trading. Our mining machinery is only an account on the website, and I have not seen where the real mining machinery is. I am only a member recommended by Xu, and I am also a victim."< According to the procuratorate, Wu should be investigated for criminal responsibility for organizing and leading pyramid selling activities, and the case should be sentenced on a certain date
if someone tells you that an investment can make you rich overnight without risk, he is mostly a liar, so he still says, "pie will not fall from the sky".

3.

As of July 24, 2020, the state has not issued any laws to prove that bitcoin mining machine is illegal

bitcoin mining machine is one of the ways to obtain bitcoin. Bitcoin is a kind of network virtual currency proced by open source P2P software

it doesn't rely on the issuance of specific monetary institutions, and it is generated through a large number of calculations of specific algorithms. Bitcoin economy uses a distributed database composed of many nodes in the whole P2P network to confirm and record all transactions. The decentralized nature and algorithm of P2P can ensure that it is impossible to artificially manipulate the value of bitcoin through mass proction

extended data

the issue and transaction of bitcoin are realized by mining, and it is cast at a certain but slowing rate. Each new block is accompanied by a certain number of new bitcoin from scratch, which is used as a coinbase transaction to reward the miners who find the block

the reward for each block is not fixed. For every 210000 blocks mined, it takes about four years, and the currency issuance rate is reced by 50%. In the first four years of bitcoin's operation, each block created 50 new bitcoins. Each block creates 12.5 new bitcoins. In addition to the block award, the miner will receive a handling fee for all transactions within the block<

source: Internet - bitcoin mining machine

4. It is not difficult to determine whether the free collection of mining machines by CBT cloud bitcoin is pyramid selling. Those who meet the following conditions are pyramid selling
for the purpose of developing personnel, pyramid selling is to seek illegal interests, disrupt economic order and affect social stability by calculating and paying remuneration to the developed personnel based on their number of directly or indirectly developed personnel or sales performance, or requiring the developed personnel to obtain the qualification to join in on the condition of paying a certain fee.

5. At this stage, BCC is still only a strong competitor of BTC, brand recognition and exposure can not be compared with BTC. However, it is an inevitable trend of social development that new things replace old things, just as Nokia, once a mobile communication giant, was replaced by apple and Samsung
if the 2m hard fork in the second half of the New York consensus can not be implemented smoothly, the future of BTC will be more confused, the community will be more divided, and more user groups will turn to BCC. In fact, BTC has shown various signs of division. Not long ago, the core development group announced that the clients of the bitcoin core will no longer connect to the nodes running segwit2x, making the situation of easing the capacity expansion dispute tense again.