It's illegal to buy bitcoin on the Internet
It's not against the law to do bitcoin business, but don't use bitcoin to do illegal things
in China, the regulations on the administration of RMB prohibit the proction and sale of token tickets. Because there is no clear judicial interpretation of the definition of token ticket, if bitcoin is included in the "token ticket", the legal prospect of bitcoin in China will face uncertainty
the notice of the Ministry of culture and the Ministry of Commerce on strengthening the management of virtual currency of online games (Wen Shi Fa [2009] No. 20) on June 4, 2009 stated that the application scope of virtual currency of online games was defined for the first time, and the distinction between the current virtual currency of online games and the virtual props in the game was made; At the same time, the notice said that the "notice" stipulates that enterprises engaged in related services must be approved before they can operate
in China, some Taobao stores also began to accept the use of bitcoin, and the number of businesses will graally increase
in October 2013, the first bitcoin quarterly, one bit, was released
on October 15, 2013, the network accelerator service of the network announced its support for bitcoin
on October 26, 2013, btcmini reported that GBL was hacked
on October 31, 2013, Lei Teng, a famous Internet lawyer, proposed the event of "filing a case to investigate the closure of GBL bitcoin trading platform as soon as possible", analyzed the "value function" and "use function" of bitcoin, and bitcoin should be governed by relevant laws
on December 5, 2013, notice of the Ministry of instry and information technology of the people's Bank of China, China Banking Regulatory Commission, China Securities Regulatory Commission and China Insurance Regulatory Commission on preventing bitcoin risk: bitcoin is a specific virtual commodity
as a commodity trading behavior on the Internet, ordinary people have the freedom to participate in bitcoin trading at their own risk
on September 4, 2017, announcement of the people's Bank of China Central Network Information Office, Ministry of instry and information technology, State Administration for Instry and commerce, China Banking Regulatory Commission, China Securities Regulatory Commission and China Insurance Regulatory Commission on preventing the risk of token issuance financing: it is prohibited to engage in token issuance financing activities (ICO)
the trading platform shall not engage in the exchange business between legal tender and token, or virtual currency, or buy or sell token or virtual currency as a central counter party, or provide pricing, information intermediary and other services for token or virtual currency
on November 2, 2018, the people's Bank of China released the 12th topic of China financial stability report 2018, which talked about "encrypted assets"
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extended information:
currency transaction
purchase method
< P > users can buy bitcoin, and at the same time, they can use computers to "mine" bitcoin according to algorithms. When users "mine" bitcoin, they need to search for 64 bit numbers by computer and then, by repeatedly solving mysteries, compete with other gold miners to provide the required numbers for the bitcoin network. If the user's computer successfully creates a set of numbers, it will get 25 bitcoins
e to the decentralized programming of bitcoin system, only 25 bitcoins can be obtained every 10 minutes, and by 2140, the upper limit of bitcoins in circulation will reach 21 million. In other words, bitcoin system is able to achieve self-sufficiency, resist inflation through coding, and prevent others from destroying these codes
source of reference: network bitcoin
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>
the further development of bitcoin may threaten the interests of traditional currencies, and currency issuers will not cede their rights to an open-source P2P algorithm. So governments are likely to outlaw bitcoin
once governments declare it illegal, it may cause huge fluctuations in its price in the short term. It could be a crash, it could be a surge. Because people at the bottom of the world are obviously resistant to their governments< At the same time, the ban by the government will lead to the closure of bitcoin trading platform. After the closing of the trading platform, bitcoin can only be cashed in private, which will have a great impact on its cashing ability< However, e to the characteristics of bitcoin itself, it provides an excellent channel for officials of various countries to accept bribes, launder money and transfer assets overseas. Especially in the trend that officials of various countries disclose their property, bitcoin provides a good way for them to hold huge property anonymously
from this perspective, some officials may actively promote the legalization of bitcoin< On May 7, 2013, officials from the US Commodity Futures Trading Commission (CFTC) said that they were considering whether the online virtual currency "bitcoin" could be applied to the agency's regulations. CFTC is the highest regulator of the derivatives instry in the United States. Bitcoin is known as a currency independent of traditional authority, and if it is regulated more, it may bring challenges to its supporters
CFTC mainly supervises derivatives contracts. Its responsibilities have been greatly expanded after the financial crisis in 2007-2009, and it also has full power to supervise retail foreign exchange dealers
Bart Chilton, one of the five members of the CFTC, said on Monday that he had asked the committee to consider regulating bitcoin to determine whether consumers need additional protection when using bitcoin[ 15]
the Hong Kong government has approved GBL electronic currency trading center to operate virtual currency exchange business, which will be an important milestone in the development of bitcoin. GBL virtual electronic currency trading center has completed the equity change and has the business scope of virtual electronic currency exchange business.
Second, program description of the mining dog
1. The mining dog has three files, prodogmine.exe, cgminer.bat and cmdeep.bat; Prodogmine.exe is the main program of the mining dog, and the two batch files are mining batch
2. Download the mining machine cgminer, the mining dog only supports cgminer, and the mining machine does not support guiminer http://kuai.xunlei.com/d/LRRLYZZLTEXH
3. Configure two mining batches. The configuration process of the two files is the same, The reason for putting two documents is to consider the main and standby ore pool; Open the cgminer.bat file in notepad with three lines as follows:
CD F: &; cgminer-2.11.3-win32
f:
cgminer -o http://btcguild.com : 8332 - U xxxxx - P xxxxx
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -; Cgminer-2.11.3-win32)
2) in the second line, enter the disk where the miner directory is located (that is, the drive letter in the path). For example, if my miner is placed in disk F, enter F:
3) in the third line, the miner's startup configuration, if you use http://btcguild.com Mine pool, as long as you modify the location of XXX, the user name is after - u, and the password is after - P, If you are in http://deepbit.net If you want to register, you should change - O to http://deepbit.net : 8332, note: - O - U - P should be separated by spaces
4) the configuration of cmdeep.bat file can be the same as cgminer.bat. Of course, you can also change it to another mine pool, such as one with http://btcguild.com : 8332 for one http://deepbit.net : 8332, the mining dog will call different files every time it restarts, so that if it is caused by the mining pool, it can automatically switch the mining pool< The interface of prodogmine.exe is as follows:
1) when the program starts, if the prompt "open library is normal", it means that there is no problem with the loading of the graphics card driver, and it can be used (this program is only for ATI graphics card, and other graphics cards are not tested)
2) judgment interval: the unit is Ms, The default value is 30 000, which is determined once every half a minute. You can not set it
3) click "start" to start mining batch processing automatically. If mining stops for half a minute, the program will restart mining
4) open to start: select this option to start monitoring automatically every time you start mining dog, This option can realize the function of starting mining (pull the shortcut key of exploration dog into the startup group of windows to realize the function of starting mining)
if the program is helpful to you, you may as well donate to me:
some are strict, some are loose.