Is it illegal to mine at home

1. At present, the most power-saving mining machine on the market is the ant mining machine S7, with 4.73t of computing power and about 1200 watts of power consumption. The power consumption of other mining machines with the same computing power is far greater than that.

2.

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

3.

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 machines

2. 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

4. This depends on the situation. If it's a mining machine of the size of USB flash disk, the computing power is only about 1g. This mining machine is a kind of experience machine. Let alone 20, it doesn't matter if there are several hundred. But if it is the kind of professional mining equipment, ordinary household electricity is simply not up, mining machine power and power consumption is very high. Moreover, the noise of mining is very large, and the heat generated is also very large. There must be powerful refrigeration equipment, which also needs power consumption

bitcoin is a consensus network, contributing to a new payment system and a fully digital currency. It is the first decentralized peer-to-peer payment network, which is controlled by its users without a central management organization or middleman. From the user's point of view, bitcoin is much like Internet cash. Bitcoin can also be regarded as the most outstanding three style bookkeeping system.

5. It's against the law and discipline, because some small mining enterprises also have laws and regulations to prohibit it. Besides, if you are a private miner, it's conceivable to break the law. Please refer to!

6. There are two ways to play customer cloud, one is conservative, the other is wise. If you choose conservatives, you will get crystal (0.68 yuan per day, 500 yuan for two years), which has more download and network sharing functions than the second generation of moneymaker; If you choose Rui wise, on the basis of downloading and network sharing, you can increase the player reward plan, and you can get the player money through mining.

7. There are some in simple swimming.

8. Only the miners in the Qinling mausoleum seem to be called the explosion of walking corpses. The chivalrous list is not so strange. If you don't want to retype it, you can only modify it. If you need to, I'll send you an email.
when I see it in the Post Bar, someone specially went back to brush it.
hope to adopt it