Withdrawal of virtual currency mining enterprises in Inner Mongo

The fact that Inner Mongolia will completely shut down the mining of virtual currency has also aroused heated discussion among netizens on the Internet. What we have to say is that speaking of virtual currency, we also know it very well now. We all know that virtual currency has risen all the way because of the participation of Tesla, which makes people feel very shocked, It has to be said that this time the miners also need to move to Yunnan, Sichuan and other areas with sufficient Hydropower to continue their mining business

we also hope that everyone can recognize this point, but we have to say that we all know that the hydropower in the region has. It can be divided into Fengshui period and dry season. In Fengshui period, there is a lot of rain, so the electricity is very abundant. In terms of price, it is very cheap. Therefore, many miners choose to go to Yunnan, Guizhou, Sichuan and other places to continue mining and carry out their own mining business. But it has to be said that the dry season is a very bad news, In the dry season, the price of water and electricity is still high. In order to rece the cost, these miners need to move their mining machines to yunguichuan in the windy season, and to Xinjiang, Inner Mongolia and other places rich in thermal power or wind power in the dry season

Recently, bitcoin and Ethereum's two major digital currencies have gone up and down, which has led to a new upsurge in mining. However, the waste of electricity in mining has also become a hidden danger. Inner Mongolia officially announced today that all virtual currency mining projects will be closed at the end of April. The development and Reform Commission of the Inner Mongolia Autonomous Region recently issued the "on ensuring the completion of & lt; The fourteenth five year plan; It is planned to comprehensively clean up and shut down the virtual currency mining projects, withdraw all of them before the end of April, and prohibit the construction of new virtual currency mining projects. Inner Mongolia has set the goal of double control of energy consumption in 2021, that is, the energy consumption per unit GDP will decrease by 3%, the increment of energy consumption will be controlled at about 5 million tons of standard coal, the growth rate of total energy consumption will be controlled at about 1.9%, and the energy consumption per unit instrial added value (equivalent value) will decrease by more than 4%. The consultation period is from February 25, 2021 to March 3, 2021{ RRRRR}

according to 2020 data, the power consumption of a single bitcoin transaction is equivalent to that of a British family in the past two months. According to researchers at Cambridge University, bitcoin consumes about 121.36 billion kilowatt hours (TWH) of electricity a year, which is unlikely to decrease unless the value of bitcoin declines

121.36 billion kilowatt hours (TWH)? By comparison, bitcoin's annual power consumption exceeded that of Argentina, the Netherlands and the United Arab Emirates, and approached that of Norway. Enough to see, the virtual currency mining project is really electricity consuming

The news that Inner Mongolia plans to shut down all the virtual currency mining projects has attracted many people's attention and won a lot of applause. In my opinion, this measure is actually very good, because the virtual currency mining project consumes too much energy, and the virtual currency mining can not stimulate the economy, and the rise of virtual currency mining project is not a good thing. Therefore, I personally support this measure