China's currency miner was approaching the final blow?

“ Mining is to make the reason why I trust COINS. Do you see those costs: machine, cooling equipment, labor & hellip; … You will realize that the currency is not invisible things. It must have some sort of inherent value & ndash; — Otherwise it is for the sake of what? ” A still expanding mining activities of miners in the west of China for the British media wired said.

mining is a nickname for exploration encryption currency, prospector also known as the miners. This year is the currency concept introduced in the first ten years, the price of the currency has fallen from December 17, 2017, the highest point, fell by more than 70%. But it is interesting to note that in China, the collected 70% of the world's mineral can dig, some miners still persistent.

the miners usually can be divided into three categories: encryption of monetary boom speculators, mastering the related resources encounter, and belief strongly believers. Those until today still in persistent miners believe that long-term value of the currency it is increased, and as long as the currency is not below the cost of mining, mining can achieve growth of income.

jpmorgan, according to a study by the fourth quarter of 2018, global production a cost of about $4060 COINS. If in this level, in the first quarter of 2019, showed a trend of sideways concussion COINS cost price fluctuates up and down all the time, until after the accident, rose 20% in early April, the miners to realize a profit.

but, thanks to the west of cheap labor, China's mining cost is lower, about $2400, so, although the price of the currency dropped 83%, the minimum distance highs mining still can earn.

in the current market conditions, mining more profitable than selling mining machine. Blockchain, according to the measure the hash of mining speed rate since this year from a low rise.

in March, Coindesk quoted miners in southwest China, mainland bits has deployed about 200000 sets of mining equipment, use of summer hydroelectric power electricity mining cost. Southwestern provinces, including sichuan and yunnan, is expected to usher in the rainy season in May, allegedly bit continent has begun talks with the local mine trading matters.

the currency is legal in China? As early as September 2017, the People's Bank of China has already banned the scrip issue financing ( ICO) , currency trading was halted. However, the currency assets is legal, virtual property protected by law; Occasional over-the-counter not banned, is also considered permissible; Rules there is no limit to the retailers accept tokens to pay, so there is also a partial businessman said publicly accept COINS.

so, in China, the currency is more like a carrier of the stored value, rather than to facilitate the flow of & other; Currency & throughout; 。 Regulation does not kill the currency, to block chain technology also holds a more open attitude, but not allowed to set up the relevant exchange, or illegal financing. Refer to the official Xinhua News Agency reported last July, the newspaper reporter learns from the People's Bank of China, yuan to participate in the trading of the currency, its global accounts for more than 90% from the previous, has dropped to less than 1%, basic implementation exit without risk.

is to use an edge sensor technology, embedded technology, computing technology, chain blocks, such as technology, the energy production, storage, distribution, consumption and other energy infrastructure through advanced information and communication technology, network technology, and run a certain program, realize the intellisense, intelligent computing and intelligent processing, intelligent decision-making, intelligent control goals.

there is no legitimate floor trading opportunities, also does not have the ICO, want to access encrypted monetary assets in China, only high-risk otc, and dig two ways. However, the National Development and Reform Commission issued on April 9, the industrial structure adjustment guidance catalogue ( In 2019, draft) ', to encrypt the monetary miners struck a wake-up call.

in the draft, the industry is divided into encouraged, restricted, eliminate three categories, which eliminated class mainly & other; Do not conform to the relevant laws and regulations, does not have the safe production conditions, serious waste of resources, environmental pollution, need to eliminate backward technology, technology, equipment and products & other; 。

the National Development and Reform Commission will & other; Virtual currency & lsquo; Mining & rsquo; Activities ( Virtual currency such as COINS) ” As & other; Out class & throughout; Industry. “ Mining & throughout; Activity did not indicate the elimination period or planning, development and reform commission (NDRC) tagging, according to the related items for & other; Or has been officially eliminated by the national industrial policy has been eliminated immediately & throughout; 。 Draft will end on May 7th to solicit public opinion.

dig for electricity consumption is the truth. As more and more people are mining, in order to ensure the encrypted currency into the market, at the rate of relatively stable mining difficulty increase, corresponding to mining needs computing power also rose, so also more electricity. Early common mining encrypted laptop can currency, but the currency was a few years later, mining business began to have & other; Machine, cooling equipment, labor & throughout; The large warehouse. In 2017, the consumption of global mining power with Denmark's national power.

last November, the world's third largest F2Pool founder said the bank had to Coinbase MAO, affected by falling prices and hash rate, about 60 800000 miners to fail. Now, dig and possible regulation finally. If one day, a mining and waste of resources industry has also been banned, the miners may be moved overseas, however, their beliefs of encryption currency and mining profits, whether I will be able to more than more and more high cost?