American Mining Park
mining of bitcoin in Inner Mongolia is restricted, and the computing power of mining of bitcoin in Inner Mongolia is greater than that of the whole United States, because the electricity price in Inner Mongolia is cheap and the computing power of data center is abundant According to the bitcoin power consumption index compiled by Cambridge University, China currently accounts for about 65% of all bitcoin mining computing power in the world, 8% in Inner Mongolia and 7.2% in the United States. The reason why Inner Mongolia's bitcoin mining power is larger than that of the whole United States is that Inner Mongolia's electricity price is cheap and its data center has abundant computing power. We all know that bitcoin mining consumes a lot of power, because bitcoin mining relies on large computers to run virtual programs; Dig & quot; However, Inner Mongolia has a relatively cool climate, vast land and sparse population, abundant coal resources and abundant power resources, which can support large-scale mines. However, recently Inner Mongolia issued a document saying that it would shut down the virtual currency mining in order to complete the & lt; The fourteenth five year plan; Energy consumption al control target task. At present, China's northern Inner Mongolia is seeking to ban all cryptocurrency mining activities
economist Peter middot; Schiff once predicted that the future of bitcoin is full of uncertainty, and there is still no endorsement such as sovereignty or margin. If the capital withdraws, bitcoin will be worthless. China's policy of not proposing mining will also help guide investors to avoid the Ponzi scheme
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 currency 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
according to the notice on preventing the financing risk of token issuance, there is no approved digital currency trading platform in China. According to China's digital currency regulatory framework, investors have the freedom to participate in digital currency transactions at their own risk
warm tips: the above information is for reference only. Before investing, it is recommended that you first understand the risks existing in the project, and 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
response time: January 7, 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
with the sharp increase of electricity consumption, the city of the United States may stop bitcoin mining However, the city is still considering banning commercial virtual currency mining. The reason is that there is a large virtual currency miner with thousands of servers in Massena, which is adjacent to the city, and its number of employees is tens. The city of platzburg is worried that this may happen in the city, causing a heavy load of electricity consumption
but Bauman believes that this is not a problem, and there is no need to ban bitcoin mining
"it is important to protect the public from the negative impact of the surge in electricity consumption, but I think there are many ways to provide more electricity for" mining ". I don't think it's a good idea to ban these activities altogether. It's a whole new thing, "he said
It is reported that plattsburg will hold a public hearing on March 15 to discuss whether to stop the virtual currency mine in the city