Why doesn't the state mine

1. Reason: with the rapid development of information technology, real money is far from meeting people's demand for capital flow. If there are enough people to recognize the value of a virtual currency, it may become a substitute unit of material exchange, and the existence of virtual currency will inevitably cause another upsurge in the financial sector
in view of the possible risks of virtual currency, many international organizations and central banks have responded publicly to the supervision of virtual currency system. These responses can be roughly divided into four categories: warning and risk warning, supervision and registration permission, legislative norms, and explicit prohibition
(1) warning and risk warning
some central banks and regulators have issued risk warnings against the special currency and virtual currency system. The federal financial regulatory authority of Germany, the Bank of France, the central banks of the Netherlands and Belgium have issued public warnings against the possible money laundering and terrorist financing caused by the use of bitcoin. In the report released at the end of 2013, the European Banking authority (EBA) warned consumers of many risks of virtual currency, such as exchange loss, e-wallet theft, unprotected payment, price fluctuation and so on. Although Spain did not have a similar risk warning, it issued a timely information announcement related to virtual currency
(2) supervision and registration license
generally speaking, international organizations believe that the supervision of virtual currency should find a balance between risk prevention and innovation promotion. Since 2012, Sweden has required transactions related to virtual currency to be registered with financial regulators. Other countries pay attention to qualification supervision, so as to make it indirectly meet the requirements of prudential supervision. In other countries, the regulation mainly focuses on the business model of virtual currency transaction. The financial prudential regulatory authority of France regards the provision of bitcoin circulation and trading services and the act of earning funds in the process as a payment service and requires the authorization of the government. In addition, some countries focus on the intermediary institutions related to virtual currency. The German federal financial regulatory agency and Danish regulators believe that the provision of intermediary services for virtual currency needs to be authorized< (3) legislative norms
at present, some countries have proposed legislation to regulate virtual currency transactions. Canada plans to legislate to allow the government to supervise the transaction of bitcoin, and to include the transaction of more than US $10000 into the scope of suspicious supervision. The United States hopes to adjust the relevant legal structure should be compared with the development of the special currency. In order to make the Bank Secrecy Act (BSA) applicable in the context of network, the financial crime enforcement network (FinCEN) of the U.S. Department of the Treasury issued the explanatory guidance on the behavior and subject definition of private generation, holding, distribution, trading, acceptance and transmission of virtual currency in 2013. The European central bank stressed that it should strengthen international cooperation under the existing legal framework, and regulate virtual currency from the European and global level under the existing legal framework. More countries believe that bitcoin is not a currency in circulation, has no legal status, and does not meet the definition of financial instruments, such as Finland, Sweden, Malaysia and Indonesia
(4) it is forbidden
in some countries, bitcoin related transactions are prohibited. In December 2013, the people's Bank of China banned financial institutions from trading in bitcoin, which was subsequently extended to payment service providers. The central banks of Thailand and Indonesia share the same attitude. The circulation of anonymous internet currency (including bitcoin) is prohibited by the Russian judicial inspection department as a substitute for currency. The Central Bank of Russia has earlier included the provision of bitcoin services in the scope of suspicious transaction monitoring. The U.S. Securities and Exchange Commission (SEC) has banned the issue of unregistered shares in exchange for bitcoin, and unregistered online securities trading activities in virtual currency.

2.

There are two reasons for the prohibition of virtual currency trading by the state:

1. The price fluctuates violently and the consumer protection is lacking:

virtual currency is the proct of network, and the digital information flowing in the network is beyond everyone's control. The code of cyberspace is the basis of the operation of virtual currency, investors can only operate through the front-end interface, seemingly "control" the virtual currency. The operator of the virtual currency service organization may become the actual controller of the virtual currency through the control code

bitcoin and other so-called "virtual currencies" lack a clear value basis, the market is full of speculative atmosphere, the price fluctuates violently, and investors blindly follow suit, which is easy to cause capital losses

2. Evade supervision and become the "accomplice" of criminal activities:

bitcoin is popular as a payment tool in the so-called "dark web" world“ The "dark net" is full of all kinds of serious criminal activities. One of the original intentions of the invention of bitcoin is to evade regulation. It has the characteristics of anonymity and convenient cross-border flow, and has become the preferred tool of "underground economy"

the existence of bitcoin and exchanges and other instrial chains has constructed a illegal financial market for asset transfer and financing in addition to legal currency, increased the difficulty of regulatory authorities in managing financial security and stability, and promoted regulatory arbitrage and financial crimes. The risks and social security risks it brings to the financial market are far higher than its innovative value

extended information

virtual currency transactions are not protected by law:

according to the notice on preventing bitcoin risks issued by the people's Bank of China and other departments on December 3, 2013 and the announcement on preventing financing risks of token issuance issued by seven ministries and commissions including the people's Bank of China on September 4, 2017, virtual currency is not issued by monetary authorities, It is not a real currency because it does not have the monetary attributes of legal compensation and compulsion

in terms of nature, virtual currency should be a specific virtual commodity, which does not have the same legal status as currency, and can not and should not be used as currency in the market. Although citizens' investment and trading in other virtual currencies are personal freedom, they can not be protected by law

3. Card formation: the first two years of virtual bitcoin suck up very often, which will shorten the life of the graphics card. After a certain period of time, it is called "digging". N card's second-hand card is hardly mine card (N card mining is not enough).
the graphics card of mining is full load and continuously running 24 hours a day
so the mine card is a second-hand card, but the second-hand card is not necessarily a second-hand card, that is, "mine Nan". A large number of long-term mining a cards flow into the second-hand market, and the value of bitcoin plummets. It is generated through a large number of calculations according to a specific algorithm
AMD's consumer level graphics card is very good for procing bitcoin

4. If you buy an ordinary computer and want to use it to dig BT money, forget it. The gain is not worth the loss.

5. Article 3 of the mineral resources law stipulates that mineral resources are owned by the state, and the State Council shall exercise the state ownership of mineral resources. The state ownership of surface or underground mineral resources shall not change with the ownership or use right of the land to which they are attached. The state guarantees the rational development and utilization of mineral resources. It is forbidden for any organization or indivial to occupy or destroy mineral resources by any means. People's governments at all levels must strengthen the protection of mineral resources. In the exploration and exploitation of mineral resources, it is necessary to apply for and obtain the exploration right and the mining right respectively according to law, and register them; However, mining enterprises that have applied for mining rights according to law are excluded from the exploration carried out for their own proction within the designated mining area< According to Article 39, anyone who, in violation of the provisions of this law, mines without a mining license, enters a state planned mining area, mines in a mining area of great value to the national economy, or mines a specific type of mineral for which protective mining is prescribed by the State shall be ordered to stop mining, compensate for losses, and confiscate the mined mineral procts and illegal income, They may also be fined; Those who refuse to stop mining and cause damage to mineral resources shall be investigated for criminal responsibility in accordance with the provisions of Article 156 of the criminal law

meeting the standard constitutes the crime of illegal mining. The specific term of imprisonment is calculated according to the appraisal losses caused to mineral resources.

6. Graphics card will not fall, second-hand graphics card will fall, but you dare to use mine card?

7. The mining technology of small mines is backward, so the precious and limited mineral resources will be wasted; Environmental protection and safety measures are not perfect, waste pollution is serious, and accidents occur frequently; The advanced mining technology is generally a state secret and should not be widely used, otherwise it may be stolen by spies and endanger the national interests.

8. The reason lies in: 1. Unified management by the state to ensure the healthy and orderly development of mining; 2. Stop blindly following the trend to ensure high-efficiency enterprises; 3. Standardize the instry development order; 4. Clarify the mining direction; 4. Control the regional development speed range and social influence; 5. Eradicate the black ore tumor; 6. Purify the mining team; 6. Provide the basis for mining legislation.

9. Maybe you don't know the specific regulations of the country
first of all, it's true that minerals are owned by the state, but it's not that the miners have not paid. They need to pay resource compensation tax. It means that you have mined all the mineral resources of the country, so you need to pay the price, make compensation, and pay compensation resource tax for consuming the necessary mineral procts of future generations in advance
secondly, those who have obtained the mining right need to pay a series of taxes, including the exploration fee in the previous exploration, the mining fee in the mining, and the income tax in the subsequent income
even if you don't invest in exploration, if you buy someone else's mining right or exploration right, it is equivalent to transferring benefits. Sooner or later, this tax country will charge, and it will enter your cost sooner or later
thirdly, the mineral resources themselves are uncertain, that is to say, where there is uncertainty in underground mineral resources, there will be great risks in investment, so this is also the price for mineral investors to obtain high returns. You may only consider the successful prospectors, not the losers, and that part of the talent is the big head. In other words, the probability of successful prospecting is less than 1%.