Transition of virtual currency mine

1.

mining is a nickname for the exploration method of acquiring bitcoin. Because of its working principle is very similar to mining minerals, so named. In addition, bitcoin explorers who do mining work are also known as miners

bitcoin network generates new bitcoin through "mining". In essence, the so-called "mining" is to use computers to solve a complex mathematical problem to ensure the consistency of bitcoin network distributed accounting system

bitcoin network will automatically adjust the difficulty of mathematical problems, so that the whole network can get a qualified answer about every 10 minutes

then the bitcoin network will generate a certain amount of bitcoin as a reward to reward the person who gets the answer

extended data:

to be a miner, just "mine" bitcoin and search for 64 bit numbers by computer. By repeatedly decrypting with a computer, it competes with other gold miners to provide the number needed for the bitcoin network

if the computer can successfully create a set of numbers, it will get 25 bitcoins. Bitcoin is decentralized. It needs to create a fixed number of bitcoins per unit of computing time. It can get 25 bitcoins every 10 minutes

by 2140, the upper limit of bitcoin in circulation will reach 21 million. In other words, bitcoin system can be self-sufficient, which can be translated into coding to resist inflation and prevent others from sabotaging< br />

2. In our country, it is forbidden to open Bitian mine< The central information office of the people's Bank of China, the Ministry of instry and information technology, the State Administration for Instry and commerce, the China Banking Regulatory Commission, the China Securities Regulatory Commission and the China Insurance Regulatory Commission
notice on preventing the risks of token issuance and financing In essence, the so-called "virtual currency" such as ether currency is a kind of unauthorized illegal public financing behavior, which is suspected of illegal selling token tickets, illegal issuing securities, illegal fund-raising, financial fraud, pyramid schemes and other illegal criminal activities. Relevant departments will closely monitor relevant developments, strengthen cooperation with judicial departments and local governments, strictly enforce the law in accordance with the current working mechanism, and resolutely deal with market chaos. If suspected crimes are found, they will be transferred to judicial organs

the token or "virtual currency" used in token issuance financing is not issued by the monetary authority, has no monetary attributes such as legal compensation and compulsion, does not have the same legal status as currency, and cannot and should not be used as currency in the market< (2) no organization or indivial is allowed to engage in the financing activities of token issuance illegally. Organizations and indivials that have completed the token issuance and financing should make arrangements such as refund, reasonably protect the rights and interests of investors, and properly handle 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< 4. Financial institutions and non bank payment institutions shall not carry out business related to token issuance and financing transactions

financial institutions and non bank payment institutions shall not directly or indirectly provide procts or services such as account opening, registration, trading, clearing and settlement for token issuance and financing and "virtual currency", It is not allowed to underwrite insurance business related to token and "virtual currency" or include token and "virtual currency" into the scope of insurance liability. Financial institutions and non bank payment institutions shall report to the relevant departments in a timely manner if they find clues of violation of laws and regulations in token issuance financing transactions< 5. The public should be highly alert to the potential risks in the financing and trading of token issuance

there are multiple risks in the financing and trading of token issuance, including the risk of false assets, the risk of business failure, the risk of investment speculation and so on. Investors should bear the investment risk on their own, and hope that the majority of investors will be wary of being cheated

for all kinds of illegal financial activities carried out by using the name of "currency", the public should strengthen the awareness of risk prevention and identification ability, and timely report relevant illegal clues.

3. Generally, the mine is close to the power station, all in the mountains, and the domestic mines are concentrated in Xinjiang and Yunnan! Those who sell mining machines are all concentrated in Shenzhen

4. Erdos, 560 kilometers west of Beijing, is covered with hot waves and sandstorms. The gate is a dividing line, separating the two worlds. Outside the gate is a typical landscape of China's fourth tier Urban Development Zone, while inside the gate is a science fiction scene like the matrix. Eight large factories with blue roofs are juxtaposed. Tens of thousands of "mining machines" are flashing red and green light and roaring in the factory, making digital currency bitcoin for this "mine" day and night. This once the world's largest mine holds about 4% of the computing power (proction capacity) in the bitcoin world. During the peak period, it can dig out more than 100000 bitcoins a year, which is worth more than 3 billion RMB at the price of 30000 RMB in August 2017.
bitcoin was invented by "Zhongben cong" in 2009, Using the computing power of the chip, the boring and repetitive process of constantly "hash collision" in the blocks generated by the bitcoin system to win the bookkeeping right and thus obtain the system reward of bitcoin is vividly called "mining" in the bitcoin instry, and the professional staff engaged in this work are called "in the first few years of bitcoin operation, An ordinary laptop can play the role of "mining". However, the entry of Chinese miners has completely broken the balance of this situation. Relying on professional mining machines designed and made in China, they staged one after another bitcoin world computing power arms race, raising the threshold of "mining" tens of thousands of times

5. You first go to the official website of virtual currency to have a look, and then you have to consider how large scale the investment in large mines is, and the income is also very huge. If you want to earn pocket money, you can download it to mobile phones or other computers to start mining.

6. 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

7. Hello, I'm glad to answer this question
Malta is an island country, a capitalist country with developed economy. Its economy is dominated by service instry and financial instry, and tourism is the main source of foreign exchange
the Maltese Government highly supports the blockchain instry. Coin an went abroad in 1994. At that time, there was no legislation in Malta. The Prime Minister of Malta met with the person in charge of coin an, and the blockchain instry moved into Malta one after another. The Department responsible for digital currency licensing in Malta is MFSA
Malta, known as the paradise of blockchain and digital currency, is increasingly improving its policy on digital currency and exchange. In April 2018, the Maltese cabinet passed the virtual financial assets bill (VFA) and the Maltese digital innovation Authority Bill (mdia)
the VFA bill gives the Malta Financial Service Authority (MFSA) the necessary powers to supervise the exchanges, such as issuing instructions, adopting rules, obtaining information from the exchanges, and terminating the operation of ICO. The mDia Act establishes the "Maltese digital innovation authority" (mdia), which will be responsible for licensing and registration issues
in addition, the joint Co-ordination Board (JCB) of Malta will be responsible for coordination when mdia and traditional departments overlap. At the same time, as a member of the European Union, the establishment of an exchange in Malta may also need to meet the relevant provisions of the EU anti money laundering directive
What are the requirements for applying for Maltese digital currency license:
first of all, it must be a blockchain enterprise, which is composed of experienced blockchain practitioners. It needs to register a Maltese company and submit the company name and registrant information
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2. Provide the name of Maltese company
3. Director information
4. Registered address (Maltese local address)
5. Apply for VAT number
6. Local secretary
the anonymity of cryptocurrency is a challenge to the supervision of various countries, and Malta has always been friendly to cryptocurrency and investors. After the Maltese company is registered, it can start to apply for a license in Malta;