How many companies in China can dig for bitcoin

1.

Now buy 120g mining machine, bitcoin at the current price, can do back to the original, it's very good. Bitcoin (bitcoin: bitcoin) is a kind of network virtual currency, which can buy real-life goods. It is characterized by decentralization, anonymity, and can only be used in the digital world. It does not belong to any country or financial institution, and is not subject to geographical restrictions. It can be exchanged anywhere in the world. Therefore, it is used as a money laundering tool by some criminals

expansion:

1. In 2013, the U.S. government recognized the legal status of bitcoin, which led to a sharp rise in the price of bitcoin. In China, on November 19, 2013, a bitcoin was equivalent to 6989 yuan. On January 7, 2014, Taobao announced that it would ban the sale of Internet virtual currencies such as bitcoin and lightcoin from January 14. On February 26, 2014, Democratic Senator Joe Manchin of West Virginia issued an open letter to a number of regulatory authorities of the federal government of the United States, hoping that relevant institutions would pay attention to the status quo of bitcoin encouraging illegal activities and disrupting the financial order, and demanded that actions be taken as soon as possible to completely ban the electronic currency

2. On January 11, 2017, the Shanghai headquarters of the people's Bank of China and the Shanghai financial office carried out on-site inspection of bitcoin China, focusing on whether the enterprise carried out credit, payment, exchange and other related businesses without permission or license; Implementation of anti money laundering system; Fund security risks, etc. On January 12, 2017, the business management department of the people's Bank of China also entered the trading platforms such as "fire coin net" and "currency bank" in Beijing

2.

at present, the computing power of bitcoin in the whole network has reached 2.36 billion hash collisions per second, which is equivalent to the number of water droplets in more than 200000 50 meter long standard swimming pools. But even with such a large amount of computing power, it will take about 10 minutes to hit a hash value that meets the requirements

in 2012, bitcoin's output was halved for the first time, and in July 2016, bitcoin's output was halved for the second time. At present, 12.5 bitcoins are awarded for recording one page of account book. The next halving will take place around 2020, and the total number of bitcoins will not increase by 2040, with a total of 21 million. In other words, the difficulty of digging bitcoin is increasing, while the time required is increasing

3.

It's about 37 yuan

let me first introce the reward mechanism of bitcoin system

bitcoin can basically dig out a block every 10 minutes through system settings. The reward for each block is given to the miners who dig out the block. The miner who digs out the block is called the block miner. The block miner will record the legal transactions in the bitcoin network to the blockchain, so that the miner can receive the service charge for bookkeeping

there are two parts in the reward for the block Miner: one part is the reward given by the system, which is called coinbase reward (also known as system issuance reward), the other part is the reward for bookkeeping, which is called miner's fee. The coinbase reward started with 50 bitcoins. For every integral multiple of 210000 blocks, the coinbase reward will be halved. This is what we often hear about bitcoin mining reward halved in four years

at the present stage, the reward of coinbase is 12.5 bitcoins. At the present stage, the average transaction miner fee received by miners for digging out a block is about 0.1 bitcoin (not fixed), that is to say, the average reward received by miners for digging out a block is about 12.6 bitcoin

about 99% of miners' rewards come from the system's coinbase rewards. According to the bitcoin system, one block can be g out every 10 minutes on average. The number of new blocks that can be g out in one day is 144 (60 * 24 / 10 = 144). At present, the number of bitcoins that can be g out every day is 1800btc (144 * 12.5btc = 1800btc). With the miner's fee of about 0.1btc per block, the total reward for all miners in one day is about 1814.4btc

4. Generally, the mine is close to the power station, all in the mountains, and the domestic mines are concentrated in Xinjiang and Yunnan! Those who sell mining machines are all concentrated in Shenzhen

5. Erdos, 560 kilometers west of Beijing, is covered with hot waves and sandstorms. The gate is a dividing line, separating the two worlds. Outside the gate is a typical landscape of China's fourth tier Urban Development Zone, while inside the gate is a science fiction scene like the matrix. Eight large factories with blue roofs are juxtaposed. Tens of thousands of "mining machines" are flashing red and green light and roaring in the factory, making digital currency bitcoin for this "mine" day and night. This once the world's largest mine holds about 4% of the computing power (proction capacity) in the bitcoin world. During the peak period, it can dig out more than 100000 bitcoins a year, which is worth more than 3 billion RMB at the price of 30000 RMB in August 2017.
bitcoin was invented by "Zhongben cong" in 2009, Using the computing power of the chip, the boring and repetitive process of constantly "hash collision" in the blocks generated by the bitcoin system to win the bookkeeping right and thus obtain the system reward of bitcoin is vividly called "mining" in the bitcoin instry, and the professional staff engaged in this work are called "in the first few years of bitcoin operation, An ordinary laptop can play the role of "mining". However, the entry of Chinese miners has completely broken the balance of this situation. Relying on professional mining machines designed and made in China, they staged one after another bitcoin world computing power arms race, raising the threshold of "mining" tens of thousands of times

6.

Although the price of bitcoin has suffered a sharp drop before the Spring Festival, there are still some people who are obsessed with "mining". Therefore, mining equipment has become a hot spot, and some people have made a fortune

analysts from Bernstein, a well-known US investment bank, estimate that in 2017, the operating profit of a Chinese start-up company named bitmain in China may reach US $3 billion (about RMB 19 billion) to US $4 billion (about RMB 25.3 billion), which is equivalent to that of chip giant NVIDIA

However, it took bitmainland only four years to achieve such a high profit in one year, while NVIDIA spent 24 years

bitmainland's operating profit may exceed US $3 billion

according to the conservative expectations of 75% gross profit margin and 65% operating profit margin, bitmainland's operating profit in 2017 is US $3 billion to US $4 billion, while NVIDIA's operating profit in the same period is US $3 billion. In a report released on Wednesday, Bernstein analysts said it took bitmainland only four years to achieve this goal, while NVIDIA took 24 years

According to Bernstein's report, each of the antminer bitcoin mining devices currently sold by bitmainland is worth hundreds to thousands of dollars. In addition, the company operates "mining pools" that allow participants to collaborate on bitcoin mining to rece costs. Bernstein estimates that bitmainland has 70% to 80% market share in bitcoin miners and ASICs

according to the daily economic news, the ethash algorithm currently used by Ethernet is based on the demand of graphics chip, which is suitable for PC mining, and the mining machine is not good at it. The market expects that bitmainland will soon launch a new mining machine with low energy consumption and high efficiency. A professional mining machine can be equivalent to several 8-graphics card mining machines. After the official launch, it is bound to impact the original PC mining market with graphics chips. At that time, because of "mining" and soaring chip prices are also expected to return to rationality

Mitch Steves, an analyst at RBC Capital, believes that the price of Ethernet currency has skyrocketed from $10 in early 2017 to $1000 now, and the possibility of exclusive mining chips is much higher than a year ago. Steves also pointed out that if bitmainland really sells chips dedicated to Ethernet coins, the mining efficiency will be far better than that of graphics chips, and at that time, it will take away the business of NVIDIA and AMD

according to the daily economic news, NVIDIA's financial report for the fourth quarter of 2017 released in early February found that the company's data center, including the sales of graphics processing units (GPU and graphics card), had an operating revenue of US $606 million in the fourth quarter, making it the second largest revenue source of NVIDIA. The chief financial officer of NVIDIA also mentioned that in terms of the overall demand for NVIDIA procts, the contribution of digital money market is difficult to quantify, but I believe the percentage contribution in the fourth quarter is higher than that in the previous quarter

7.

At present, if the computer is on 24 hours, it will take about three months to dig a bitcoin. In other words, a computer can dig up to a third of bitcoin a month

bitcoin is the most popular virtual internet currency in the world, and it can also buy a lot of things now. This kind of virtual currency can be obtained through the function of mining machine

first of all, your computer should have installed the latest version of bitcoin client. After opening the client, it will automatically download all the transaction information data on the network to the local. According to the different network speeds, this process may take several hours. At this time, your account balance is 0, you can let friends send some money, but there are two more feasible ways: one is to do business, the other is to do mining. Many domestic users choose the second way, that is to do mining. More and more people are willing to work as miners themselves and let their computers proce bitcoin! It sounds tempting - just one computer can make money! The bitcoin g up by yourself as a miner can be converted into real RMB at bitcoin China trading platform

now the threshold is higher than before. It's better to need professional computers. The difficulty of bitcoin mining is directly proportional to the amount of money that has been mined. The more difficult it is to mine, the more difficult it will be. After 20 million bitcoins are mined out in 2030, the remaining 1 million bitcoins will probably take decades to be mined out. At present, if the computer is on 24 hours, it will take about three months to dig a bitcoin

8.

It's not against the law

The laws and administrative regulations in China do not prohibit the proction, holding and legal circulation of bitcoin, nor do they prohibit the sale of bitcoin mining machines

2. The investment and transaction of "virtual currency" represented by bitcoin are on the rise. For this kind of virtual goods generated in the Internet environment after the development of Internet technology, there are policy and commercial risks in related transactions. However, under the premise of not violating the mandatory provisions of laws and administrative regulations, the contract signed by the parties is a valid contract

3. Bitcoin is generated by "miner" and "mining", and "miner" can be assumed by anyone in any place in the world. "Mining" is a process in which "miner" provides certain computer computing power according to the open source software provided by the designer, and obtains the special solution of the equation through complex mathematical operations, The miner who gets the special solution gets a certain amount of bitcoin reward

Because bitcoin is based on workload proof, it is related to computing power. To have computing power, we need to consume power, so its power consumption is very large. It is precisely because of such a large power consumption that the safe and stable operation of bitcoin system can be guaranteed

extended information:

according to the data of btc.com website, up to now, the computing power of the whole bitcoin network is about 51.65 eh / s, which is equivalent to 1.84 million bitcoin S15 (28T computing power, 1596w power) mining machines in operation, and the daily power consumption is about 69.92 million kwh. Divided by the current proction of 1800 bitcoins per day, excluding other costs, each bitcoin will consume 38800 kwh of electricity. "

from this point of view, although the current price of bitcoin is expensive, the cryptocurrency market website coinmarketcap.com shows that the current unit price is about $7900, but the cost of mining a bitcoin is not low at all

9. It's not against the law<
in the notice of the people's Bank of China
Ministry of instry and information technology
China Banking Regulatory Commission
China Securities Regulatory Commission
China Insurance Regulatory Commission on risk prevention of bitcoin (Yin Fa [2013] No. 289), in addition to clarifying the attributes of bitcoin as a network virtual commodity, the notice mainly specifies the following contents:
first, the, It is clearly required that all financial institutions and Payment institutions at this stage shall not carry out business related to bitcoin, price procts or services with bitcoin, buy or sell bitcoin as central counterparties, underwrite insurance business related to bitcoin or include bitcoin into the scope of insurance liability
Second, Internet sites that explicitly require bitcoin registration, trading and other services should be filed with the telecommunications regulatory authorities, and earnestly perform the anti money laundering obligations, identify users' identities, and report suspicious transactions
thirdly, relevant departments, financial institutions and Payment institutions are required to correctly use the concept of money in their daily work, pay attention to strengthening the ecation of the public's knowledge of money, and incorporate the concepts of correct understanding of money, correct treatment of virtual goods and virtual money, rational investment, reasonable control of investment risks, and maintenance of their own property security into the content of financial knowledge popularization activities, To guide the public to establish a correct concept of money and investment
extended information:
the notice requires that at this stage, all financial institutions and Payment institutions shall not price procts or services with bitcoin, buy or sell bitcoin as a central counterparties, underwrite insurance business related to bitcoin or include bitcoin into the scope of insurance liability, and shall not directly or indirectly provide customers with other services related to bitcoin
including bitcoin registration, trading, clearing, settlement and other services for customers; Accept bitcoin or use bitcoin as a payment and settlement tool; Carry out bitcoin and RMB and foreign currency exchange services; Carry out bitcoin storage, custody, mortgage and other services; Issuing financial procts related to bitcoin; Take bitcoin as the investment target of trust, fund, etc
according to the notice, bitcoin Internet sites, as the main trading platform of bitcoin, should be put on record in the telecommunications regulatory agency in accordance with the provisions of the Telecommunications Regulations of the people's Republic of China and the measures for the administration of Internet information services
at the same time, in view of bitcoin's high risk of money laundering and being used by criminals, the circular requires relevant institutions to earnestly perform legal anti money laundering obligations such as customer identification and suspicious transaction report in accordance with the requirements of anti money laundering law of the people's Republic of China, so as to effectively guard against bitcoin related money laundering risks
source of reference materials:
five ministries and commissions including the people's Bank of China and the government of China issued the notice on preventing bitcoin risk
five ministries and commissions including the China securities regulatory network and the central bank issued the notice on preventing bitcoin risk