Virtual currency mining listed as elimination

1. At present, bitcoin is the only reliable virtual currency. Bitcoin is a kind of virtual currency generated by the corresponding algorithm, which needs to use a large number of mining machines, that is, servers for mining. At present, only the virtual currency issued by the central bank is legal in our country, and the others are illegal
I hope I can help you. Thank you for your adoption.

2. At present, in addition to bitcoin, most of the other virtual currencies are not used in the market. They are pure speculation, and the price is not as stable as stocks. Moreover, some virtual currencies are not open source, which is pyramid schemes
Mining requires a lot of graphics cards and consumes a lot of power resources. The bitcoin pool itself is nearly exhausted, and other coins have no mining value. It is likely that the coins g out will not sell a single electricity bill, resulting in a lot of waste of resources
finally, virtual currency trading is prohibited in China, so the risk of hyping virtual currency is too high, so it is normal for mining to be included in the eliminated instry

3. Wuyouqi Taoist is based on strong mental strength and can use healing to help others. He is very familiar with nature and has the strongest ability to use poison. It's also a career with both near and far, flexible to deal with various situations, and its ability in all aspects is relatively balanced. In addition, he is the only one who can summon the powerful beast and the moon spirit. He pays attention to all-round development.

4.

Recently, bitcoin and Ethereum's two major digital currencies have gone up and down, which has led to a new upsurge in mining. However, the waste of electricity in mining has also become a hidden danger. Inner Mongolia officially announced today that all virtual currency mining projects will be closed at the end of April. The development and Reform Commission of the Inner Mongolia Autonomous Region recently issued the "on ensuring the completion of & lt; The fourteenth five year plan; It is planned to comprehensively clean up and shut down the virtual currency mining projects, withdraw all of them before the end of April, and prohibit the construction of new virtual currency mining projects. Inner Mongolia has set the goal of double control of energy consumption in 2021, that is, the energy consumption per unit GDP will decrease by 3%, the increment of energy consumption will be controlled at about 5 million tons of standard coal, the growth rate of total energy consumption will be controlled at about 1.9%, and the energy consumption per unit instrial added value (equivalent value) will decrease by more than 4%. The consultation period is from February 25, 2021 to March 3, 2021{ RRRRR}

according to 2020 data, the power consumption of a single bitcoin transaction is equivalent to that of a British family in the past two months. According to researchers at Cambridge University, bitcoin consumes about 121.36 billion kilowatt hours (TWH) of electricity a year, which is unlikely to decrease unless the value of bitcoin declines

How big is

121.36 billion kilowatt hours (TWH)? By comparison, bitcoin's annual power consumption exceeded that of Argentina, the Netherlands and the United Arab Emirates, and approached that of Norway. Enough to see, the virtual currency mining project is really electricity consuming

5.

On February 25, the development and Reform Commission of Inner Mongolia Autonomous Region issued the "on ensuring the completion of the & lt; The fourteenth five year plan; Several safeguard measures for al control of energy consumption (Draft) (hereinafter referred to as "several measures") are open to the public for opinions{ RRRRR}

a mine owner who has built a mine in Inner Mongolia said to the surging news: & lt; Now it's time to limit energy consumption, and we haven't received the notice to close it& rdquo;

"several measures" can be regarded as the continuation of Inner Mongolia's many years' efforts to clean up the virtual currency mining. Inner Mongolia is sparsely populated and rich in wind energy. Because of abundant land and cheap electricity price, Inner Mongolia has become a virtual currency mining destination; Main positions; One

the virtual currency mining instry was also included in the list of eliminated instries. On April 8, 2019, the national development and Reform Commission issued the guidance catalogue for instrial structure adjustment (2019 version, draft for comments), which defined the virtual currency mining as an item not marked with the elimination period or elimination plan, which was explicitly or immediately eliminated by the national instrial policy. In November, the national development and Reform Commission issued the guidance catalogue for instrial structure adjustment (2019 Edition), which was originally listed in the list of eliminated instries; Virtual currency mining activities & quot; Was deleted

although some people think that this change may mean that the legitimacy or possibility of virtual currency mining has been recognized, judging from the contents of the announcement issued by Inner Mongolia Autonomous Region, the direction of its liquidation and withdrawal has not changed

6. Mining is the most primitive "exploration method" to obtain digital currency. In essence, it is to solve a complex mathematical problem with computer. If blockchain is compared to a large account book, the block in which is a page in the account book, and all miners are bookkeepers, the process of mining is bookkeeping, and also to maintain the normal operation of the whole network
the process of mining is very simple. Take bitcoin as an example. Every 10 minutes, all the miners work out a math problem together. Whoever works out the answer first is equivalent to digging this block and getting the corresponding bitcoin as a reward. Mining equipment is the first to use computers. With the rising price of bitcoin, more and more people participate in mining. CPU mining has graally turned into a professional graphics card. In recent years, it has become a specific mining machine. This evolution is e to the problem of computing power. As I said just now, mining means "all miners work out a mathematical problem together." the higher the computing power, the stronger the hardware computing power and the faster the speed. Suppose that the computing power of the computer is 1, the computing power of the graphics card is 5, and the computing power of the mining machine is 100, then the mining efficiency of the mining machine is 100 times that of the computer, It's almost impossible for computers and mining machines to dig bitcoin together

warm tips: investment has risks, so we should be cautious in choosing. According to the notice and announcement issued by the people's Bank of China and other departments, virtual currency is not issued by the monetary authority, does not have monetary attributes such as legal compensation and compulsion, is not a real currency, does not have the same legal status as currency, and cannot and should not be used as currency in the market, Citizens' investment and transaction of virtual currency are not protected by law
response time: April 2, 2021. Please refer to the official website of Ping An Bank for the latest business changes
[Ping An Bank I know] want to know more? Come and see "Ping An Bank I know" ~
https://b.pingan.com.cn/paim/iknow/index.html