Bitcoin for private power plants in China

3.

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

4.

Bitcoin has become the most popular cryptocurrency in the world. Some countries allow the transaction of bitcoin, but some countries prohibit it. China belongs to the latter. Why does China shut down bitcoin trading? Let's analyze this problem today

bitcoin does not have the function of trading medium in China, so it can not be called currency. At the same time, bitcoin has the function of storing value and has certain investment value. However, the rapid rise of the current price has formed speculative anticipation and may form a bubble in the future. Therefore, it is necessary to take measures ahead of time, which can also restrain some illegal acts of laundering money and transferring assets through bitcoin. p>

5.

Bitcoin is illegal in China

since September 4, 2017, China has expressed its opposition to the virtual currency exchange. On the market, large-scale exchanges are graally fading out of the domestic market. Some of them are going to Japan and some of them are going to Nanyang. Of course, with the release of new regulations in Hong Kong in early November, we believe that in the future, the virtual currency exchange may obtain a legal license in Hong Kong to serve local institutional investors

extended information:

bitcoin China said that the platform will stop withdrawing cash. So far, bitcoin China has closed all transaction functions. The other two bitcoin trading platforms in China, huocoin.com and okcoin, have also stopped trading all digital assets against RMB

the virtual currency represented by bitcoin has soared, attracting a large number of ordinary people without any technology and investment knowledge to enter this high-risk market

the central bank, together with many ministries and commissions, issued the announcement on preventing the financing risks of token issuance (hereinafter referred to as the announcement), which pointed out that no organization or indivial may engage in the financing activities of token issuance illegally According to the announcement, all kinds of token issuance and financing activities should be stopped immediately from the date of issue

the organizations and indivials that have completed the token issuance financing should make arrangements such as liquidation, reasonably protect the rights and interests of investors, and properly handle the risks. Relevant departments will seriously investigate and deal with the activities of token issuance and financing that refuse to stop and the illegal behaviors in completed token issuance and financing projects

the China Internet Finance Association issued the "tips on preventing the risks of bitcoin and other so-called" virtual currency ", pointing out that bitcoin trading platform is a tool for money laundering, drug trafficking, smuggling, illegal fund-raising and other illegal criminal activities e to the expanding number of stakeholders and strong speculative atmosphere; There is no legal basis for the establishment of various so-called "currency" trading platforms in China

6. 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

7. Blockchain applies the underlying architecture of bitcoin. You need to understand the mining mechanism of bitcoin first to understand what is blockchain! At present, the project is relatively hot, Alipay's ant clothing, ant commonweal, Tencent's public service search, and so on, are using block chain technology! It has the advantages of decentralization and traceability. But blockchain is really a great technology

8. Brief introction: Hubei Institute of technology is a provincial undergraate university, which focuses on engineering, combines engineering with science, and harmonizes the development of engineering, science, economics, management, medicine, literature, ecation, arts and other disciplines. The school is located in Huangshi City, Hubei Province, one of the birthplaces of Chinese bronze culture. The transportation is very convenient. It is 50km away from Wuhan city. Wuhan Jiulong Railway runs through the city. Daguang, Huyu, Fuyin and hangrui expressways meet in the urban area, adjacent to the two main arteries of Beijing Guangzhou and Beijing Jiulong. The school is close to mountains and rivers, the campus layout is reasonable, and the environment is beautiful. In 2010, it passed the undergraate teaching qualification assessment of the Ministry of ecation. Since its establishment in 1975, the university has gone through the stages of inheritance and evolution, including Huangshi higher engineering class of Hubei higher ecation institutions, Huangshi branch of Wuhan Institute of Technology (now Wuhan University of Technology), Huangshi college, Huangshi Institute of technology established in 2004, and renamed Hubei Institute of technology in 2011. The school has 19 teaching colleges (departments), with more than 20000 full-time students and more than 8000 correspondence students. The campus covers an area of 2189 mu, with a building area of 545000 square meters, teaching and scientific research equipment worth 137.58 million yuan, 50 laboratories, 1.06 million books and 18 electronic resource databases (including more than 2 million kinds of electronic books). At present, there are 969 full-time teachers, including 89 with senior professional titles and 323 with deputy senior professional titles; There are 152 doctors and 465 masters; There are 43 part-time doctoral and master tutors. Among the on-the-job teachers, there are 2 candidates for the "Hundred Talents Program" in Hubei Province, 6 middle-aged and young experts with outstanding contributions in Hubei Province, 5 high-level talents in the new century in Hubei Province, 12 experts enjoying subsidies from the State Council and the provincial government, 7 lecture professors, keynote professors and Chutian students of the "Chutian scholar program" in Hubei Province, 5 experts with outstanding contributions in Huangshi City, and 12 candidates for the "Dongchu scholar program". The university has employed two academicians and more than 30 influential scholars as part-time professors from famous universities at home and abroad. The school has a complete range of disciplines, forming a multi-disciplinary coordinated development, cross penetration, and reasonable structure of the discipline system. Environmental Science and engineering, mechanical engineering, art theory and pharmacy are the key disciplines of Hubei Province ring the 12th Five Year Plan period, among which environmental science and engineering is the provincial key characteristic discipline. It has 47 undergraate majors, among which environmental engineering is the national characteristic major and the undergraate comprehensive reform pilot major, civil engineering, water supply and drainage science and engineering are the undergraate comprehensive reform pilot majors in Hubei Province, and clothing and clothing design, chemical engineering and technology are the undergraate programs of strategic emerging (pillar) instry talent training plan in Hubei Province. There are seven provincial excellent courses, five provincial experimental teaching demonstration centers (including one provincial key experimental teaching demonstration center), three provincial practice and training bases, and one provincial virtual simulation experimental teaching center. There are 1 provincial Collaborative Innovation Center, 2 provincial key laboratories, 2 key research bases of Humanities and Social Sciences in Colleges and universities of Hubei Province, 2 provincial engineering laboratories, 2 provincial proctivity promotion centers, 5 provincial outstanding young and middle-aged scientific and technological innovation teams, 1 provincial common technology promotion center for small and medium-sized enterprises, and 1 provincial environmental monitoring talent training base, 1 Provincial Intellectual Property training base. There are 1 national practical ecation base for college students, 1 innovative activity base for college students in Hubei Province, and 1 provincial service outsourcing talent training (training) base. It has 17 research institutes and 18 R & D centers with enterprises. It has undertaken more than 20 national level scientific research projects and more than 150 provincial and ministerial level projects. The school insists on seeking new support in serving the local areas and seeking new development in contributing to the local areas. It takes serving the local areas, contributing to the local areas and promoting the local economic and social development as its service orientation. Every year, the school enterprise and school local cooperation projects reach more than 130, and the cooperation project funds are nearly 20 million yuan. Taking talent cultivation as the fundamental task and talent quality as the lifeline, the University adheres to the principle of "facing the local, grassroots and enterprises", carries out in-depth ecation and teaching research, and explores a new mode of talent cultivation. Over the past decades, the school has been widely praised by employers and Society for its solid professional foundation, strong practical ability, good comprehensive quality, innovative spirit and strong social adaptability. Students have won many awards in national mathematical modeling, electronic design, mechanical innovation design, calligraphy, painting, Putonghua and English competitions, and won many honors such as "China Youth May 4th Medal" and "national women model". The graate entrance examination rate has been rising year after year, and the employment of graates has been rated as the advanced collective of Hubei Province for many times. The University attaches great importance to foreign exchange and cooperation, and has established stable academic exchange and cooperation relations with more than 20 universities and research institutions in Canada, the United States, France, New Zealand, Australia, South Korea, Hong Kong and other countries and regions. The school employs foreign experts and teachers to teach at school all the year round, and selects teachers to go abroad for further study. The number of students studying abroad is increasing. The school is a spiritual civilization unit in Hubei Province, an advanced university for Party Construction at the grass-roots level in Hubei Province, a safe campus in Hubei Province, an urban garden type unit in Hubei Province, an advanced collective funded by students in Hubei Province and an advanced unit for fire protection. It has won many honors such as the advanced Party committee central group and the advanced unit for propaganda and ideological work. The University adheres to the party's ecation policy, people-oriented, follows the law of higher ecation, adheres to the principle of quality, talent, characteristics, reputation and beauty, takes teaching as the center, scientific research as the guidance and support, reform and innovation as the driving force, serves the local economic and social development as the purpose, and follows the principle of "open school, rule-based, ecation oriented, characteristic development", In order to build the university into a high-level Local Application-oriented University, all teachers, students and staff adhere to the school motto of "moral, material, practical and practical", carry forward the science and engineering spirit of "hard work, self-improvement, dare to be the first, open and innovative".

9. What's said below is nonsense. What he said can be found on the Internet
if you want to play the game of two numbers, it's not enough to practice one number. You can only learn three numbers when you practice one number. You can learn two proction skills when you are big, one collection skill when you are small, and one proction skill when you learn two collection skills when you are small. Why do you want to learn like this? There is a task in Cheng that you need collection skills to pick up The money is OK
when your two numbers are all at level 60, you will have about 100J if you finish all the tasks in one day, and 200J if you finish two numbers every week. If you brush one number every day, you can make money faster. Take more small ones and raise big ones. You will find that playing two numbers is tiring at the beginning, but when it comes to 60j, you will find its advantages. I will practice three numbers I've played in all six schools of the sub profession
I hope I can help you. If you don't understand, you can ask

10. A network in which processing power and data are distributed on nodes rather than having centralized data centers.