Influence of bitcoin on power quality

1.

"Gold and silver are not money naturally, but money is gold and silver naturally." this is a sentence Marx said about money

How to understand? In fact, it is very simple that money is the inevitable proct of the development of human life. In the earliest stage, gold and silver were only used as a kind of metal or a kind of ordinary commodity to exchange things. However, with the development of society, people find that gold and silver are easy to separate, easy to preserve, easy to carry and other advantages, so the suitability of gold and silver as currency is reflected, and naturally evolved into currency

What about bitcoin

2. Bitcoin is a kind of cryptocurrency based on decentralization, using peer-to-peer network and consensus initiative, open source, and blockchain as the underlying technology. The concept of bitcoin was first proposed by Nakamoto on November 1, 2008, and was officially born on January 3, 2009. Unlike all currencies, bitcoin does not rely on a specific currency institution to issue. It is generated by a large number of calculations based on a specific algorithm. Bitcoin economy uses a distributed database composed of many nodes in the whole P2P network to confirm and record all transactions, and uses cryptography design to ensure the security of all aspects of money circulation. The decentralized nature and algorithm of P2P can ensure that it is impossible to artificially manipulate the value of bitcoin through mass proction. The design based on cryptography can make bitcoin only be transferred or paid by the real owner. This also ensures the anonymity of money ownership and circulation transactions. The biggest difference between bitcoin and other virtual currencies is that the total amount of bitcoin is very limited and it has a strong scarcity

warm tips:
1. The above explanations are for reference only, without any suggestions
2. Before investing, it is recommended that you first understand the risks existing in the project, and clearly understand the investors, investment institutions, chain activity and other information of the project, rather than blindly investing or mistakenly entering the capital market. Investment is risky, so we should be cautious when entering the market
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3.

Bitcoin is one of the most popular virtual currencies, which is very popular on the Internet

recently, according to the bitcoin power consumption index released by Cambridge researchers, if bitcoin is regarded as a country, it will rank among the top 30 countries with the largest power consumption in the world. The annual power consumption of bitcoin mining is about 121.36 terawatt hours (TWH, 1 terawatt hour is 1 billion kwh){ RRRRR}

recently, Bill Gates made it clear that he is not a fan of bitcoin

Bill Gates said: & lt; Bitcoin consumes more power per transaction than any other way known to mankind, so it's definitely a very important climate issue. But if it uses green power, it may not be a problem in the end

I don't think these topics are deeply relevant, although you may label me as a bitcoin skeptic

in other words, instead of investing in bitcoin, I used the money to buy malaria vaccines. I invest in companies that make real procts. But if other people invest in bitcoin and make money, I'll congratulate them& rdquo;

4. Some things do not exist to create value
bitcoin itself is a number of virtual currency and a tool for capital speculation. It does not lie in whether it can create value, but whether it can create benefits for itself
for example, real money, which is proced by wasting resources, is a trading tool; Another example is the game console, which is a waste of resources, time and energy, but also a personal entertainment tool. Do they really create value
I don't quite agree with bitcoin, but it's chosen by capital speculation, which is artificial, but it can't be controlled by human

5. Today, bitcoin is like the gold rush of that year. More and more people are interested in this kind of electronic currency, and then turn on their computers to dig out some minerals. Of course, this kind of treatment is much better than that in the 19th century, because at least we don't need to go to the far west of the United States to dig for gold
as we all know, bitcoin is generated by a network node after completing the calculation of specific mathematical problems, and with the passage of time, the generation of bitcoin will be slower and slower. With the discovery of data blocks, unlocking a single block will be more and more complex, but the bitcoin will be less and less. Unless you use circuits or computer systems designed for mining, such as GPU computing, it's hard to quickly mine bitcoin - and these systems, in general, consume a lot of power< A computer used for mining bitcoin is very expensive in electricity and body.
the tracking results of foreign institutions on bitcoin data show that bitcoin miners use 1 million kilowatt hours of electricity every day - yes, 1 million kilowatt hours of electricity, which costs US $150000 in total to mine bitcoin. At the current exchange rate, the daily income of miners is about 470000 US dollars, but the majority of the income is not attributable to ordinary people like you and me. Most of these benefits are taken away by people who have built a special mining system. If ordinary users use ordinary computers to dig bitcoin, the benefits can't catch up with the electricity bill
as an emerging e-currency, bitcoin is not as easy to dig as it used to be, and its market prospect is difficult to determine.

6.

The news that bitcoin ranks among the top 30 power consumers in the world has aroused heated discussion among many netizens. You know, there are a lot of news about bitcoin recently, but just listening to these news, it's difficult for people to have an intuitive concept compared with the popularity of bitcoin. Now there is power consumption as the measurement standard, which also makes people more aware of how much attention bitcoin is currently receiving. However, although bitcoin ranks among the top 30 power consumers in the world, it is not possible to properly curb bitcoin speculation. This is because as long as we pay attention to bitcoin, we all know that bitcoin mining consumes electricity, and only bitcoin crash can curb bitcoin speculation in a real sense

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the power consumption of bitcoin reflects that the current market is very depressed, and we prefer to invest in this seemingly illusory thing rather than in the real instry. Now, in order to develop bitcoin, the power consumption has entered the top 30 in the world. If all this electricity is used to heat water, it will last the UK for 29 years

7.

Bitcoin can be called an electricity swallowing beast, consuming global energy. This incident has also aroused heated discussion among netizens on the Internet. In fact, speaking of bitcoin, it is very mysterious and has only developed on the Internet in recent years. Bitcoin mining consumes a lot of power, which is related to the computers it uses, because we all know that mining requires professional mining machines. Even the most advanced mining machines have very high proction power in the market, and these mining machines need 24 hours of continuous operation to dig a small amount of bitcoin, and they also need to keep cooling, So this is the reason why bitcoin consumes a lot of power

Third, the impact on people's lives

we also hope that the local government can stop the mining behavior, and also hope that all over the world can support the mining behavior of bitcoin, many netizens said, The rise of bitcoin price has nothing to do with ordinary people. On the contrary, it has led to the rise of the price of graphics cards, which has a very big impact. We all know that bitcoin is different from legal currency, which has no practical significance. We hope that people can recognize its true colors, and that the relevant government can close bitcoin mines. Only in this way can our motherland develop more rapidly, Let's live more and more