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『一』Inner Mongolia has suspended all Bitcoin mining projects. This is why

The so-called "mining" sounds a bit indecent, but in fact it is a so-called A server of this distributed database.

As the volume of international trade continues to rise in the future, and as the Internet platform economy continues to develop, the demand for Internet currency from the entire international community, especially netizens on our Internet platform, should be said to be imminent. Can't wait.

Of course, in the end, among our many Internet currencies, which one will eventually become the mainstream settlement currency in our international trade and Internet platforms. We don’t have a clear answer to this question yet.

It also involves a large-scale local electricity consumption, so in today's popular low-carbon economy, when governments and enterprises often need to be assessed for carbon emissions, the prospects are currently It is not surprising that the still unclear Bitcoin account packaging business is treated in this way.

In addition, we should also note that Internet currency actually poses a powerful threat to central banks of various countries. Showing a complete replacement of such a trend. Therefore, it is also possible that our local governments and local regulatory authorities may have received relevant instructions from, for example, the central bank system, instructing them to shut down the Internet currency business.

『二』Is it time to ban virtual currency mining and trading globally?

As far as the current blockchain market is concerned, it is already unstoppable. It is recommended that relevant national departments legalize and standardize it. But, aren’t stocks also gradually becoming standardized and legalized from irregularities? If China can take the lead in customizing blockchain exchange rules, I believe it will be beneficial to China. Of course, some foreign institutions are now also opening up and partially legalizing it, but there are no specific regulatory rules. China occupies a large part of the blockchain trading market. Moreover, many large platforms are also from China. If they cannot be legalized and are pushed outwards, it is tantamount to closing the country to the blockchain, which is detrimental to the long-term development of the country. It is better to guide, standardize and legalize. For example, establish review standards for the code of the currency issuance agency, etc., whether it has the real qualifications to be listed on the chain, whether there are asset mortgages such as BTC and other mainstream currencies as the equivalent mortgage of the currency issuance, etc. Only those with these qualifications can be listed on the exchange. Wouldn’t it be nice to standardize the management of exchanges, resolutely suppress illegal black-box operations, supervise part of the source code of exchange technical software, and also obtain tax revenue.

First of all, you shouldn’t.

Because this is the development direction of the most advanced productive forces of mankind at present. Anyone who does not embrace it will be beaten to death by the powerful ships and cannons of the future.

Secondly, it cannot be banned.

People always overestimate their own power. Decentralized blockchain networks cannot be banned, nor can decentralized blockchain mining be banned. PeopleClasses currently do not have the ability to prohibit this.

Blockchain is subverting and replacing the traditional financial system of the entire human world, and the world is changing.

Therefore, we should embrace rather than oppose and escape.

Virtual currencies, led by Bitcoin, do conflict with national sovereign legal currencies to a certain extent, but their existence has a certain rationality. Just like the Yin and Yang Bagua that Chinese people are familiar with, if there is a Yin hexagram, there must be a Yang hexagram. We will not discuss whether virtual currency should exist here. We will simply talk about the virtual currency mining industry that currently exists in power-rich areas in many countries around the world.

Before 2020, the domestic virtual currency mining industry accounted for more than 70% of the global computing power. The well-known Bitmain has large mining farms in power-rich areas such as Sichuan, Inner Mongolia and Xinjiang. However, many places have begun to clean up and rectify the virtual currency mining industry because their power consumption capacity is indeed very high. big.

Countries that currently have no policies against the virtual currency mining industry are basically concentrated in Russia, Vietnam, Southeast Asia and parts of North America. The electricity-rich areas of these countries and regions are currently gathering more and more virtual currency mining industries, so technically speaking, it represents decentralized blockchain technology. Its application is very wide, and it is not only Only limited to virtual currencies, it is technically difficult to completely ban the trading of virtual currencies, because transactions can be done as long as there is an Internet connection.

So far, the macro trend we can see is that more and more countries and regions have joined the regulatory industry for virtual currencies. This wildly growing investment market is no longer allowed to plummet and rise as before, but there are still countries like India that have completely banned foreign currency transactions. Therefore, the policies of countries and regions are different, and the results and situations are also different.

It is very difficult for a country to ban Bitcoin transactions. Three days ago, India announced a ban on Bitcoin exchanges. Today, Bitcoin exceeded 59,000, a record high.

Impossible, this is a new global reservoir, and it is beneficial to the United States. This largest economy is also a global engine. He supports it. Is it useful if you ban it? Just like if you imagine the RMB replacing the US dollar, is it possible?

The state will not support it, nor will it order a ban at this time. At present, our country hopes to have a healthy and active cooperative relationship with all countries in the world. Although most of the regional chain digital currencies are junk coins, they are cutting leeks. However, there are also different currencies such as filecoin that have certain technologies behind them.

At present, countries are also involved in the technology of ipfs

Global affairs, as ChinaChina cannot ban it,

But what is clear is that China does not advocate or support it.

The country does not open up this area because it wants to protect the wallets of its citizens.

As long as there is underlying technology to support real economy application scenarios, countries will strongly support it and severely crack down on currencies that have no application and are purely for the purpose of cutting leeks, ban them and pursue legal responsibility.

If you have the ability, hurry up and ban it, and by the way, directly bring mankind into a god-level civilization, so that I don’t have to work

In the face of new technologies and new developments, implement comprehensive What is prohibited is basically conservative thinking.

『三』 Why can’t I log in to the pi using an accelerator on an Apple phone?

It is recommended to use a Maverick humidifier on an Apple phone, and you can log in normally.

[Reference Materials]: Pi Network’s APP is a mobile mining software used to mine Pi (π) coins.

In the past, mining of coins that used the proof-of-work mechanism, such as Butte B, required computing resources. You had to spend money to buy a mining machine to participate, and small businesses could only stand aside.

The advantage of Pi coin mining now is that everyone can participate, creating a truly global digital currency network. There is no need to waste mobile phone data or battery during mining, even when the APP is closed. You can also mine, you just need to turn on the mining switch once a day.

Why are there so few domestic players?

First of all,

Domestic users cannot use Facebook, Twitter and other foreign social software. The Pi project party has relatively little publicity, and domestic users can see even less. ;

Secondly,

the entire project is not optimized enough for domestic users, and the difficulty in downloading and the English interface have discouraged many domestic players;

In addition,

There are currently many types of capital disks and model coins in the name of Blockchain in China. New users are often more interested in such simple and crude things that make money quickly. Pi is not touted. Profitable projects will instead be ignored.

『四』Inner Mongolia plans to close all virtual currency mining projects. What is the significance of this move?

Inner Mongolia plans to close all virtual currency mining projects. This move is of great significance. It is called Stopping energy-intensive mining can lay the foundation for the issuance of digital renminbi. Because mining Bitcoin consumes a lot of electricity, resulting in a lot of waste of resources. Inner Mongolia announced that it will comprehensively clean up and close virtual currency mining projects, and withdraw all virtual currency mining projects before the end of April 2021, specifically mentioning the ban on new virtual currency mining projects.

Digital RMB is issued by the central bank in accordance with the law and has all the characteristics of RMB cash. Fully developedBringing into play the functions of value scale, circulation means and payment instrument will help standardize currency transaction behavior, save social costs, and make modern financial and economic activities more convenient, efficient and safe. After the digital yuan is issued, some bad behaviors such as the rejection of cash may be reduced.

『五』 Bitcoin “mines” have been shut down in many places. Are the big guys in the currency circle “doomed” or “reborn from the ashes”

I personally think they are doomed, because Bitcoin mining is a very non-energy thing.

Because I have a certain understanding of digital currencies before, and I have also participated in some digital currency speculations. So regarding the issue of Bitcoin mining, I personally have a relatively neutral view. I will not forcefully oppose Bitcoin mining, but such large-scale Bitcoin mining will definitely seriously affect the development of our society. I also The existence of such a mine is not supported.

There are basically no Bitcoin mining factories nationwide.

We can understand this behavior as a one-size-fits-all approach, or we can understand it as a very strict measure. Although many people think this measure is a bit reckless, in my personal opinion, I think this measure is very good. , because Bitcoin mining itself consumes a lot of electricity, it is difficult for us to imagine that the electricity consumed by Bitcoin mining in one year can reach the total annual electricity level of a medium-sized country.

『Lu』 Ethereum will stop mining on September 15th, can the mining machine be sold?

1. This is an MLM coin, don’t mine it, it’s meaningless.

2. Etc can be mined on September 15th. Before September 30th, miners can enjoy zero commission for Ethereum Classic ETC mining. F2Pool, the second largest mining pool in Ethereum, said that it will be in 2022. ETH mining will be terminated between September 10th and 20th as all ETH rewards during Ethereum’s post-merger move to Proof-of-Stake will be consolidated.

3. The ETH mining pool stopped and contacted the mine owner. If you restart the mine, you may not be able to connect to the mining pool. If you try again after 20 seconds, there is no network. The Spark mining pool suffered another wave of attacks. The ETH mining pool refused. What it means is that during the calculation of a certain block, your calculation submission is later than others or the calculation of this block has already been completed when you just started calculating it.

4. In other words, it may be easy for you to remit the money, because the other party will try their best to transfer the money out, but if you want to convert the money into RMB, It may be difficult to deposit your own liquid funds in the bank. Even if you make some money through virtual currency, and make a lot of money, but.

5. Therefore, it is usually difficult to identify the existence of a mining card from its appearance. It is still recommended to buy a new card directly and go to a regular manufacturer to buy a new card through regular channels. The new card has a warranty, even if If there is a problem, don’t worry too much if you bought it through regular channels. It can be solved by going through the after-sales procedure. Third, pay attention to low-priced new cards and don’t think you have to buy one.

6.1 Ethereum completed the mergerToday's graphics cards are not just for mining. Let's say that the biggest change is definitely the Ethereum graphics card. The Ethereum Foundation stated that the merged Ethereum network will run entirely under the proof-of-stake algorithm, and PoW mining of Ethereum will no longer be possible. The blockchain will no longer be operated by miners’ computers and graphics cards.

7. In the future, after the graphics card mining machine cannot mine Ethereum, it can also mine ETC, CKB, RVN, BTG, AION and other currencies. In addition, with the development of technology at any time, the development of blocks is also very rapid. , many currencies are produced every year, and there will definitely be more projects using the POW mechanism in the future. Second, the mining machines that have withdrawn from the mining market are dismantled.



8. This has resulted in the addition of a lot of unnecessary production capacity. Now that Ethereum is merging, the era of graphics card mining is over, and the demand for graphics cards has plummeted. The large number of graphics cards originally produced cannot be sold. The resulting inventory backlog, coupled with the shrinkage of the PC installed market this year, has further led to a reduction in demand for graphics cards. Under the dual pressure, graphics card prices are in free fall.

『撒』 The collective plunge of blockchain concept stocks, what caused it?

The collective plunge of blockchain concept stocks is mainly related to the plunge of Bitcoin. This round of Bitcoin has experienced a sharp decline due to regulatory news and emergencies, triggering a collective plunge in blockchain concept stocks. Blockchain concept stocks Coinbase fell by more than 4.4%, Riot Blockchain fell by 8.24%, and Yibang International fell by 3.53%. Huobi, which is listed on the Hong Kong stock market, closed down 7.02% that day, Xiongan Technology fell 3.7%, and Meitu fell 4.35%.

Finally, I would like to remind everyone that our country issued the "Notice on Preventing Bitcoin Risks" on December 5, 2013, defining Bitcoin as a virtual commodity. It is clear that Bitcoin does not have the same legal status as currency and cannot and should not be used as currency in market circulation. Everyone should be wary of risks and not invest blindly.

『8』What does it mean to end POW mining?

Ending POW mining means to stop this work.
POW mining means that miners use mining equipment to perform calculations of a certain degree of difficulty to obtain a hash number. The verifier verifies whether the hash number is correct. The first miner to give the correct hash number is the one. POW mining is when miners use mining equipment to perform calculations of a certain difficulty to obtain a hash number. The verifier verifies whether the hash number is correct. The first miner to give the correct hash number can obtain a certain amount of miners. fees and accounting rights for the area.
Extended information
1. POW mining means continuously packaging and calculating new blocks, and then continuing the process of generating Block Chain. So in this way, the equipment requirements for the mining machine are very high, and it requires a high-efficiency graphics card and CPU, so the initial investment by miners in mining equipment will be relatively high. Of course, POW mining is completely decentralized andIt's very free, but relatively inefficient.
2. POW (Proof of Work), known as Bitcoin, is commonly known as "mining". POW refers to the measurement method set by the system to achieve a certain goal. A simple understanding is a certificate to confirm that you have done a certain amount of work.
3. The entire process of monitoring work is usually extremely inefficient, and certifying the results of the work to prove that the corresponding workload has been completed is a very efficient way. POW is distributed according to work, and computing power determines the same. Whoever has more computing power has a greater probability of keeping accounts, which can be understood as a power comparison. The following content is based on Bitcoin’s POW mechanism. The network node participants of the blockchain perform competitive accounting. The so-called competitive accounting means that if you want to generate a new block and write it into the blockchain, you must solve the workload proof puzzle of the Bitcoin network. Who can Whoever solves the answer first will get the right to keep accounts.
4. First of all, we know that POW mining has high requirements on mining machines, so how should we choose a good and efficient mining machine?
1. Antminer S19 Pro 110T
This is By far the most popular and efficient mining machine, the S19 Pro 110T has an integrated design and a more compact and reasonable structure. The thermal design of the mining machine is reasonable, and the combination of fans and heat sinks ensures good heat dissipation of the mining machine. In the running state, the average computing power of the mining machine is 111.8TH/s, the power consumption is 3320W, and the actual air volume is 370cfm. In summer weather, the air outlet of the mining machine can withstand the wind temperature increasing to 61°C, and the relative humidity can withstand a range of more than 30-90%, which greatly improves the adaptability of the mining machine to the mine. 2. Lightning GPU mining machine (AMD 470/570 8 cards)
This mining machine is a graphics card mining machine, equipped with GDDRS graphics card type, with 4GB capacity, can support multiple interfaces, and has fast heat dissipation. 3. Innosilicon A10 485m
The A10 Pro mining machine is a mining machine produced by INNOSILICON that uses the Ethash algorithm and is used for ETH mining. The officially announced computing power is 500MH/s (±5%). The power consumption is 860W (+/- 10%). Relevant data shows that the Ethereum DAG file grows by 520M every year. The current Ethereum DAG file is 3.728G and Ethereum Classic is 3.82G. Based on this calculation, the DAG file will reach 4G by the end of December 2020. Existing 4G graphics cards can no longer mine. The A10 Pro mining machine is an updated version of the INNOSILICON A10. Not only has the computing power been improved, but the system memory has also been upgraded to 5G.
Through the above explanation and introduction, I believe everyone has a basic understanding of POW mining. POW mining means whoever calculates the fastest and most accurate calculation can get a certain amount of mining fees and regional accounting rights. This time I also recommend some POW mining machines to everyone. Mining will cost more in the early stage.If the funds are there, you will have to spend more time waiting for the mining machine to mine it in the later stage. Fortunately, the return in the later stage is still acceptable.

『九』 After various places have banned Bitcoin and Ethereum “mining”, NFT blockchain will be the next step

Although China bans cryptocurrency transactions and “ Mining”, but the exploration of blockchain technology continues. At the just-concluded World Artificial Intelligence Conference, Da Hongfei, founder and CEO of Distribution Technology, said in an interview with a reporter from China Business News that "the manageability of blockchain" is a recent focus. The current scale and growth rate of the global public chain market is much higher than that of the alliance chain business. However, public chains have many limitations, such as illegal crimes, hacker theft, network risks, regulatory obstruction, etc., and cause huge irreparable losses. Therefore, how to increase the manageability of blockchain will be an important issue for blockchain to become mainstream.

The currency circle has been very unstable in the past two months. On May 21, the Financial Stability and Development Committee of the State Council issued a document stating "Crack down on Bitcoin mining and trading activities." On May 25, the Inner Mongolia Development and Reform Commission issued eight measures (draft for comments) to crack down on the “mining” of virtual currencies. On June 9, the Qinghai Provincial Department of Industry and Information Technology issued the “About Mining” of Virtual Currencies. "Notice on Cleaning Up and Rectifying the Project", and cleaning up and rectifying the relevant virtual currency mining/mining activities.

On June 18, the Sichuan Provincial Development and Reform Commission issued the "Notice of the Energy Bureau on Cleaning up and Shutting Down Virtual Currency "Mining" Projects. For virtual currency mining/mining, the relevant power in Sichuan Enterprises need to complete the screening, cleaning and shutdown work before June 20.

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