Is base chain mining machine legal
No illegal
in the bitcoin risk notice jointly issued by the people's Bank of China and other five ministries and commissions at the end of 2013, bitcoin is clearly defined as a special Internet commodity, and people can buy and sell it freely at their own risk. But it denies the monetary nature of bitcoin< The Article 143 of the general provisions of the civil law stipulates that "the civil legal act with the following conditions is valid:
(1) the actor has the corresponding capacity for civil conct< (2) the expression of intention is true< (3) it does not violate the mandatory provisions of laws and administrative regulations, public order and good customs. " The announcement of the seven ministries and commissions is neither a law nor an administrative regulation, and can not be used as a legal basis for judging whether a civil juristic act is valid or not; The law does not go back to the past. Therefore, the bitcoin transaction has legal effect, and the bitcoin obtained from the transaction is protected by law. Therefore, legal disputes arising from trading activities, including civil or criminal cases, should be subject to jurisdiction. Courts or public security organs can not refuse to accept bitcoin because they think bitcoin is not protected by law
extended information:
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transaction mode
bitcoin is e-cash similar to e-mail, and both parties need "bitcoin wallet" similar to e-mail and "bitcoin address" similar to e-mail address. Just like sending and receiving e-mail, the remitter pays bitcoin directly to the other party through a computer or smart phone according to the recipient's address. The following table lists some websites that download bitcoin wallets and addresses for free
a bitcoin address is a string of about 33 characters long, consisting of letters and numbers, always starting with 1 or 3, such as & quot& quot; Bitcoin software can generate address automatically, and it does not need to exchange information online when generating address, so it can be offline [2]. More than 2 bitcoin addresses are available. Figuratively speaking, there are about two grains of sand in the world. If there is an earth in each grain of sand, then the total number of bitcoin addresses far exceeds the number of all the sand on all these "earths"
the bitcoin address and private key appear in pairs, and their relationship is just like the bank card number and password. A bitcoin address is like a bank card number, which records how much bitcoin you have on it. You can generate bitcoin address at will to store bitcoin. When each bitcoin address is generated, a corresponding private key of the address will be generated. This private key proves that you have ownership of the bitcoin at that address. We can simply understand the bitcoin address as the bank card number, and the private key of the address as the password of the corresponding bank card number. Only when you know the bank password can you use the money on the bank card number. Therefore, please keep your address and private key when using bitcoin wallet
after the transaction data of bitcoin is packaged into a "data block" or "block", the transaction is initially confirmed. When a block is linked to a previous block, the transaction is further confirmed. After six block confirmations in a row, the transaction was irreversibly confirmed. Bitcoin P2P stores all transaction history in a "blockchain.". The blockchain continues to extend, and once new blocks are added to the blockchain, they will not be removed. Blockchain is actually a distributed database composed of a group of scattered client nodes and all participants, which is a record of all bitcoin transaction history. Nakamoto predicts that when the amount of data increases, users hope that not all the data will be stored in their own nodes. In order to achieve this goal, he uses the hash function mechanism. In this way, the client will be able to automatically eliminate those parts that it will never use, such as some very early bitcoin transactions
the people who search this article are either prepared to start with the base chain under the introction of friends, or they have been trapped for a long time and still believe that the base chain will be removed. Now I'll see the hypocrisy mask of stripping the base chain layer by layer. Please listen to me.
let's start with the coin, For those new friends who have not started or are preparing to start, please pay attention not to look at the official propaganda mechanism one sidedly. There is a certain limit for the number of mining machines each quarter. Let me tell you in detail how much money a mining machine can proce, I take the 800m large mining machine with the highest revenue on the platform as an example to analyze: buying
800m mining machine needs 800 base chains (hereinafter referred to as coins),
800m mining machine generates 16 coins, 16 * 50 days = 800,
50 days return coins. Note that 50 days return currency is not return capital, and the price fluctuation is not constant. Now, the price of most quilt covers is 27.5 yuan / coin, The price of a miner is 800 * 27.5 = 22000 yuan, which is 22000 yuan per miner,
the first ideal optimistic algorithm: regardless of the price fluctuation of currency, take 27.5 yuan per day as the calculation, and see how much money a miner can proce and sell; First of all, a large miner returns coins in 50 days. Has anyone asked how to proce coins in 50 days? The official did not publicize it directly. The official focus is to proce 16 coins a day.
the miner can mine for 10 years. After 50 days, the mining capacity will decrease. At the beginning, there was no publicity about the decrease. Only ring the 5.1 holiday can the top management say that the decrease is 1% every day. Yes, it's 1%. I have a screenshot in my hand, and the decrease starts from the fifth day and the eleventh day. At this time, the company has a clear statement that the calculation power will decrease, but on the 6th, the company's calculation power will decrease, Do you know what it means to rece the decrease to 10% without any notice? With a decrease of 1%, a large miner can proce about 2000
coins. However, with a decrease of 10%, a large miner can only proce 940 coins, and without 800 local currencies, there is little left. Don't be too optimistic. People who are covered are all in the latter category. Can we still earn more than 140
coins? The answer is No. the coin is sold, and there is a service charge for submitting the coin to the exchange. At the beginning, the company charged 5%, that is, there are only 95 coins left after 100 coins are mentioned on the platform. The service charge is very high. A new regulation was issued on June 9, when the service charge rose to 10%, and only 90 coins were withdrawn to the account, On the contrary, the handling charge goes up, and the speed is even slower. In the past, the withdrawal of money on the same day basically arrived on the same day, but now it arrived the next day or even the third day. For the moment,
is the remaining 140 odd coins profitable? No, if the handling charge for withdrawing money to the exchange is 940, after decting
10%, there are only 846 pieces left. After removing 800 pieces, only 46 pieces are your profits. Do you understand this simple principle? I bought a large mining machine with 22000 yuan, and the profit was only 46 yuan. This is not considering the price factor.
under the ideal condition, after 80 days, only 46 yuan made a profit. This is definitely not a huge profit, but a small profit. The investment is a high-risk investment with a large base and a return rate of less than 5%
the second practical algorithm: according to the actual price of the exchange, the price of the base chain is actually lower than that of the internal quotation. When the internal quotation is
27.5 yuan, the price of the exchange is only about 23. Now all the base chains are traded in the exchange
, which can only be calculated according to the actual price. The price of the exchange is basically between 4-5 yuan, let's calculate it as 5 yuan,
the total price of 846 basic chains is 846 * 5 = 4230. The cost of the quilt cover is below 5000 yuan, and a miner will earn more than 17000 yuan.
don't listen to the idiots who only go up but don't go down. I did it for speculation, but I didn't expect that stealing chicken won't be a loss
then peel off the company's publicity layer by layer:
[advantages of base chain]
1. Scenario application of blockchain technology
the world's first community platform using blockchain technology and artificial intelligence application scenario
(short words, no practical application value)
2. High yield of currency, investment opportunities
large number of base chains issued in the first stage, Low investment cost
(the output is normal ring the currency return period, the 10% calculation power decreases rapidly after the currency return, the investment cost is too high, and the return is too low)
3. The model is superior, and the market drives the return greatly
the perfect large range system has formed a good market driving force and win-win mechanism
(this co win mechanism changed the market on May 15, in addition to the profit driving against conscience, The rest are the ones that are bad friends, bad relatives and friends, and those who believe in you)
4. International market trading
U.S. Pacific Rim trading center, global issuance
(this exchange is a third rate exchange, equivalent to the innovative version of stocks, with only 10 currencies trading, and Jiji was almost taken off the shelf when it was 5.20 left
right, Cancel the exchange)
5. Global launch
in February 2018, the global launch, issued 200 million pieces in constant volume, divided into three stages, 10 years to complete the distribution
(this is more
a cover, currency issuance is not controlled)
[project investment]
(the following is the official introction, only said that the computational power will be reced, did not specify how much to rece, from the current point of view
, the miner is broken, If the output is reced by 10% every day,
investment 3000 yuan / set - 150 m of mining machinery - output 1 / day - return cycle about 150 days
investment 10000 yuan / set - 500 m of mining machinery - output 5 / day - return cycle about 100 days
investment 16000 yuan / set - 800 m of mining machinery - output 16 / day - return cycle about 50 days
- base chain output changes with the market and time, The number of base chains will graally decrease
[dynamic income]: (the extremely poor income publicized below was also changed on May 15. This is the most secret way to attract attention and cheat to get
gold. I have 500 base chains with long deposit and 200 base chains with gold diamond in a gold community, which is locked in when the price is the highest, It is equivalent to about 19000)
there is no direct push, confrontation, meeting point, management, etc., but only very poor income
Description:
1. The recommended revenue is the percentage of ore = the base chain output of the recommended person * the corresponding level
2. The ore exchange ratio is the power value of the miner
3. Except for the mining machinery of the community leader who enjoys
4 times of income, the mining machinery of other levels will be scrapped if they get 2 times of income, which needs to be activated
(the following is the initial range reference, which has been changed after 5.15, please refer to the new range policy, which means to promote
, vigorously develop offline to get ore reward, which is equivalent to pyramid selling, making an air coin to cheat relatives and friends)
[1] ordinary
1, recommend 1 person, level 1 income
2, profit sharing range 30%,
[2] blue collar
1, recommend 2 people, Level 2 income
2, profit margin 90%, 70%
[3] white collar
1, recommend 3 people, level 4 income
2, profit margin 90%, 70%, 50%, 40%
[4] golden collar
1, recommend 4 people, level 5 income
2, profit margin 90%, 70%, 50%, 40%, 40%
[5] golden diamond
, recommend 6 people, level 7 income
2, profit margin 90%, 70%, 50%, 40%, 30% [6] community leader
1. Recommend 7 people, 10 level income
2. The range of profit distribution is 90%, 70%, 50%, 40%, 40%, 30%,
30%, 20%, 20%, 20%
and then talk about his characteristics:
1. Decentralization [this is pure deception, which shows three aspects: 1) change the sugar and fruit policy as soon as it is changed; 2) If the handling charge increases, it will increase; 3) These are all controlled by the community, which is to be the center, not the company center.
I'll slowly add the others.
next, I'll talk about the return of the King 2, why launch the large mining machine:
on the 18th, it came out that the sales of mining machines were booming, and all the mining machines in the four quarters were sold out, The main points are as follows:
1. In the early stage, the company had too much money, the national policy was tightened, the leadership was afraid of accidents, there were too many base chains in the market, and the high price could not work at all. In the case of quick return of capital, there were few people who paid high price, but many people who paid back capital. In the old saying, the income could not make ends meet, which has reached a high point. Further promotion has no value and can only be suppressed by low price, At this time, those who know the news will run fast, and those who lag behind will be caught. Even many people are about to collapse and still don't know how to trade on the exchange
2. What should we do if there are too many coins on the market? The company recycles them at a low price, and the relative cost is too high. It's an air currency in itself. It's not a long-term plan to use money to recover and stabilize the market. We can only think of using bigger mining machines to hedge the market. What is mining machine? In fact, it's just a small program. It has no value, and it can hedge your money. Why not
3. When the market is in a downturn and the exchange price drops to about 2 yuan, if you want to maintain the second sum of money in the market circle, you can only artificially raise the price and hedge with big mining machines. People who don't know the truth always think that the company is actively working. One year's mining machines are sold out, and you sell big mining machines again. The original propaganda is bullshit. How can you dig so much money for you? Use your brain to think about it, It's gone in less than ten years. I'm still daydreaming about robots
what I want to buy a large miner now is ore hedging. I'm afraid you can't get back the basic chain you put in
I won't elaborate on the other features. I'll update them another day
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
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 machines2. 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
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
2) in the notice issued by the five ministries and commissions, bitcoin is defined as "special commodity", which can be legally held at its own risk
3) at present, there are three risks in bitcoin: cross risk, price risk and "running away" risk. Due to the characteristics of anonymity, no national boundaries and no easy tracking, bitcoin is graally used as a means of exchange and payment by criminals. According to the Xinhua article, in a recent on-site inspection of major trading platforms in Beijing, the central bank found that both Huo coin.com and okcoin.com used the deposit funds formed by investors' recharge to purchase financial procts, totaling about 1 billion yuan. New things are developing too fast, so supervision must keep up with the pace, actively improve the system and regulations, and put bitcoin into the cage of supervision. In the face of serious violations of bitcoin trading platform, supervision should never be soft handed and shut down.