Illegal excavation of Ethereum by individuals
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 machines2. 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
virtual currency is defined as a special virtual commodity in China, which is not money and cannot be used for payment. Well known are bitcoin, Fuyuan coin, Laite coin, doggy coin and so on. These virtual currencies are not registered in the State Administration for Instry and commerce, and it is difficult to register at this stage.
Recently, a & lt; The 27 year old founder of ether coin made a profit of US $1.1 billion; The news of, caused the hot discussion of broad netizens, make boiling on the net. We know that with the development of society, the level of science and technology is becoming more and more developed. In recent years, digital currency is very popular. More than ten years ago, a bitcoin was less than one cent, but now it needs more than 300000 RMB to buy one. Because of the rise of bitcoin, people realize the charm of digital currency, so they are attacking digital currency one after another. They have developed many different kinds of digital currency, such as ether coin, dog coin and so on. Recently, it is reported that the founder of 27 year old ether coin has made a profit of $1.1 billion. So can etheric currency still be g? Let's find out
First of all, the answer is yes. Now we can still dig ether coins{ RRRRR}the above are my views on this issue. They are purely personal views and are for reference only. If you have any different views, you can leave a message in the comment area for discussion