Mining in Indonesia

1.

Only those whose electricity charges are controlled within 0.3 yuan can mine. At present, the daily income of a bitcoin S9 is about 55 yuan (calculated at 7000 yuan), so 30 is 30 × 55 = about 1650 yuan (210000 yuan)

bitcoin is a kind of universal encrypted electronic currency in the world, and it is completely autonomous by users. Bitcoin is a kind of P2P digital currency. Point to point transmission means a decentralized payment system

the concept of bitcoin was first proposed by Nakamoto in 2009. Unlike most currencies, bitcoin does not rely on specific currency institutions to issue. It is generated by a large number of calculations based on specific algorithms. 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 money circulation. The monetary system used to have no more than 10.5 million in four years, after which the total number will be permanently limited to 21 million

bitcoin can be cashed and converted into the currency of most countries. Users can use bitcoin to buy some virtual goods, and they can also use bitcoin to buy real-life goods. On December 11, 2017, bitcoin futures began trading on the Chicago Board of Options Exchange (CBOE). On January 24, 2018, the Bank of Indonesia announced the ban on bitcoin payment

2. 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.

3. Indonesia has a tropical rainforest climate. It is hot and rainy all year round. The rainfall in January and February is relatively less. The altitude of bulidong is low, and the precipitation is a little more. However, e to the short precipitation time in a day, and then it clears up, as long as the drainage system of the mining site is good, it should be able to operate normally.

4. It's an imitation dish. There's no concept of mining
the fraud of MMM platform has a long history. As early as 20 years ago, it was identified as "one of the largest Ponzi scams in the world"
in February 1994, Sergei mavroji, a Russian, founded MMM stock company with a registered capital of only 100000 rubles (about US $1000 at that time). Mmm has launched advertisements in almost all well-known media in Russia to attract investors with high return on investment. In Russia at that time, millions of people participated in the MMM financial pyramid and were cheated out of tens of billions of dollars
after surviving for three years, mmm project went bankrupt in 1997, and its founder Sergei mavroji was sentenced to four and a half years in prison. Unexpectedly, after he was released from prison in 2007, he went to India, China, South Africa, Indonesia and other countries to cheat foreigners in Russia
bitcoin home and other websites have reported similar virtual money pyramid schemes. You can check the relevant information
in a nutshell, Ponzi scheme means that there is no corporate entity to attract investors with high interest, and later investors pay interest to early investors. For a Ponzi scheme, once there is no new capital inflow, or the subsequent new investment is not enough to pay for the "income" of the predecessors, the Ponzi scheme will explode immediately.

5. The electricity charges in those places are too high to be used for mining.

6.

The conflict between mining companies and small-scale miners began around 1986, 20 years after the government encouraged the regulation of mining exploration. At first, this kind of conflict was between gold mining companies and small-scale gold mine operators. However, since 1998, affected by the Asian financial crisis, this kind of conflict has spread to the business fields of coal mines and tin mines. There is no conflict between commercial diamond exploration and diamond exploration companies

there are conflicts between mining companies and small-scale miners. This is because before the decentralization of power, it was the central government of Jakarta that arranged the lease of the mining area. There has been no communication between the central government, provincial and local governments and local residents. During President Suharto's term of office, the mining companies holding the land use right of the mining area showed their certificates on the spot, but the small-scale mining activities continued... Until the army or police forced the small-scale miners out of the mining area. This has created a lot of hatred between mining companies across Indonesia and small local mining groups. Since Suharto stepped down as president of Indonesia on May 20, 1998, the forced eviction of small-scale mining groups from the company's mining land by force has also stopped. In the past, the typical situation was as follows:

kolini gold mine, located in East Kalimantan, is operated by Rio Tinto Group. The reserves of raw ore are 124 million tons and the average grade of gold is 1.97 g / T. Small scale mining has been the focus of the company since 1976. Since intensive exploration began in 1986, small-scale mining in groups has been encroaching on the company's mining land until it was (repeatedly) expelled by the police. With the depletion of ore reserves in 2004, the company reported that a total of 500 alluvial mining machines are in operation in the company's mining area. Because the company plans to transform the mining area, this situation has aroused people's attention

The masuparia gold project, located in Central Kalimantan, was previously operated by BP in 1987, but was withdrawn in 1988 because of the company's new strategy. In 1988, about 7000 small-scale miners worked near the BP project

The Muluo gold deposit in Indonesia is located in the middle of Kalimantan. The total gold reserves are 1138000 ounces. Operated by Aurora gold (Australia). In 1986, there were 15000 illegal miners in the mining area. The miners were forcibly expelled several times by troops and police, and some were put in jail. The problem continued until 1998, when illegal mine owners invaded the company's open pit and forced the company to suspend proction for several weeks. The company negotiated with small mine owners and agreed to allow them to mine in selected open pits on Sunday. The company plans to stop proction and move out of Indonesia by April 2003

talawaan gold project is located in the northern part of Sulawesi island and operated by Aurora gold company (Australia). The total reserves are 5.1 million tons and the average grade of gold is 3.6 g / T. Since 1998, the company has been faced with the problem of illegal miners. Although the company thinks that the deposit can be maintained, it still decides to sell the project because there are 3000 small-scale miners in its mining area

The punk gold deposit, located in the west of Java island, has proven and potential reserves of 5398900 tons, with an average grade of 12.1 g / T gold and 130.9 g / T silver. It is run by a state-owned mining company called Aneka. In 1998, the company's buildings were damaged by illegal miners, resulting in a loss of $1.4 million. Although it has been partially solved, the problem is still continuing

Pt arutmin coal mine, operated by BHP Billiton, is located in southern Kalimantan. The reserves are 2.74 billion tons. Since 1998, the company has been engaged in illegal mining activities in its mining area. In 2000, an estimated 2 million tons of coal were extracted by illegal miners in its contract area. Illegal miners use trucks and excavators to mine in the contract site of the coal mine, and even set up security doors in their operation area. At present, the problem continues

However, since the end of President Suharto's tough armed rule, mining companies have basically not found any effective solution to deal with small-scale mining activities in or near the mining area. Mining companies want to try to tolerate this. Some companies have speeded up the mining process, trying to finish the mining work before the plan. Others have stopped exploration and want to sell their development areas and projects and leave Indonesia permanently. One example is Aurora gold (Australia)

7. CNB
(= coffeinum atrio benzoicum) anaka, sodium benzoate and caffeine
(= cutting need biopsy) fine needle biopsy

CNB
1, kunanbuir Australia
2, fine needle biopsy
3, computer software and network foundation

8. Rec virtual currency comes from rec consortium. Founded in 1998, REC consortium has a history of nearly 20 years. It is a powerful instrial investment company and a global alternative property management company founded by Chinese enterprise groups and Chinese business organizations all over the world.

9. The special solution of some complex algorithm

10. You can use acidic substances to dissolve the iron in it. The general iron is iron oxide or ferric oxide