Got out of jail for stealing electricity and mining

1.

at present, the computing power of bitcoin in the whole network has reached 2.36 billion hash collisions per second, which is equivalent to the number of water droplets in more than 200000 50 meter long standard swimming pools. But even with such a large amount of computing power, it will take about 10 minutes to hit a hash value that meets the requirements

in 2012, bitcoin's output was halved for the first time, and in July 2016, bitcoin's output was halved for the second time. At present, 12.5 bitcoins are awarded for recording one page of account book. The next halving will take place around 2020, and the total number of bitcoins will not increase by 2040, with a total of 21 million. In other words, the difficulty of digging bitcoin is increasing, while the time required is increasing

2. 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. "“ According to the data of btc.com website, up to now, the computing power of the whole bitcoin network is about 51.65eh/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 consumes 38800 kwh of electricity
previously, graphics cards were sold out because of the strong purchase of gold miners. The algorithm design of bitcoin is more and more difficult to dig. Therefore, the investment to dig the same bitcoin now is many times higher than a few years ago. Since the "mining" incident in Daqing Oilfield was exposed, the local police have counted the number. The average electricity cost of the mining machine seized is close to 500000 yuan in one month, and if it steals electricity, it is equivalent to making 500000 yuan in vain.

3.

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 machines

2. 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

4.

It's not illegal to mine virtual currency on the computer now, but it's illegal to mine by stealing electricity. Virtual currency is defined as a special Internet commodity in China. Internet users can buy and sell it freely at their own risk, but it denies its monetary attribute. Of course, mining does not exist in all virtual currencies. Some currencies do not need mining

although the country banned bitcoin trading last year, this is because some people use these investment channels to launder money. So banning bitcoin is not to say that bitcoin is not approved. And it has nothing to do with bitcoin mining, otherwise bitcoin will not go up. At present, there are thousands of mine owners in the market. It shows that this investment project is still profitable

5. It's not against the law<
in the notice of the people's Bank of China
Ministry of instry and information technology
China Banking Regulatory Commission
China Securities Regulatory Commission
China Insurance Regulatory Commission on risk prevention of bitcoin (Yin Fa [2013] No. 289), in addition to clarifying the attributes of bitcoin as a network virtual commodity, the notice mainly specifies the following contents:
first, the, It is clearly required that all financial institutions and Payment institutions at this stage shall not carry out business related to bitcoin, price procts or services with bitcoin, buy or sell bitcoin as central counterparties, underwrite insurance business related to bitcoin or include bitcoin into the scope of insurance liability
Second, Internet sites that explicitly require bitcoin registration, trading and other services should be filed with the telecommunications regulatory authorities, and earnestly perform the anti money laundering obligations, identify users' identities, and report suspicious transactions
thirdly, relevant departments, financial institutions and Payment institutions are required to correctly use the concept of money in their daily work, pay attention to strengthening the ecation of the public's knowledge of money, and incorporate the concepts of correct understanding of money, correct treatment of virtual goods and virtual money, rational investment, reasonable control of investment risks, and maintenance of their own property security into the content of financial knowledge popularization activities, To guide the public to establish a correct concept of money and investment
extended information:
the notice requires that at this stage, all financial institutions and Payment institutions shall not price procts or services with bitcoin, buy or sell bitcoin as a central counterparties, underwrite insurance business related to bitcoin or include bitcoin into the scope of insurance liability, and shall not directly or indirectly provide customers with other services related to bitcoin
including bitcoin registration, trading, clearing, settlement and other services for customers; Accept bitcoin or use bitcoin as a payment and settlement tool; Carry out bitcoin and RMB and foreign currency exchange services; Carry out bitcoin storage, custody, mortgage and other services; Issuing financial procts related to bitcoin; Take bitcoin as the investment target of trust, fund, etc
according to the notice, bitcoin Internet sites, as the main trading platform of bitcoin, should be put on record in the telecommunications regulatory agency in accordance with the provisions of the Telecommunications Regulations of the people's Republic of China and the measures for the administration of Internet information services
at the same time, in view of bitcoin's high risk of money laundering and being used by criminals, the circular requires relevant institutions to earnestly perform legal anti money laundering obligations such as customer identification and suspicious transaction report in accordance with the requirements of anti money laundering law of the people's Republic of China, so as to effectively guard against bitcoin related money laundering risks
source of reference materials:
five ministries and commissions including the people's Bank of China and the government of China issued the notice on preventing bitcoin risk
five ministries and commissions including the China securities regulatory network and the central bank issued the notice on preventing bitcoin risk

6. Bitcoin wallets are not registered. You only need to download one. However, the synchronization of the wallets will be very slow, and the wallets will take up more than 15GB of space. Therefore, if the amount is not large, it is easier to have a trading platform

7. Generally speaking, jinwowo network technology believes that blockchain technology refers to a way for the whole people to participate in bookkeeping. There is a database behind all the systems. You can think of the database as a big ledger. So it's very important who keeps this account book.

8.

The should go to the bank where the loan is made, and the owner of the house should manage and use his own house. House property certificate includes house ownership certificate and house co ownership certificate. In general, house property certificate is the abbreviation of house ownership certificate, which is a written certificate issued by the real estate registration authority to prove the ownership of house

According to the current housing ownership registration system in China, housing registration is the legal publicity method of urban housing ownership. In late August 2011, the tax department said that the deed tax will be levied according to half of the house price

in April 2013, the Beijing Municipal Commission of housing and urban rural development said that in order to prevent false housing transactions and ensure the safety of housing transactions, in the future, Beijing buyers will be able to set up passwords voluntarily and free of charge for their real estate certificates. If the house needs to be transferred, changed, mortgaged and other registration services, they must provide passwords. It is expected to be implemented in the second half of 2013

< H2 > extended data

1. Bring the original and of the three certificates (marriage certificate, ID card and house property certificate)

2. Go to the real estate trading center in the area where the house is located, and first inform the pre inspection window that it is to handle the issue of increasing the spouse's name in the house property certificate. The window staff will review the submitted materials, and give you a number if the materials are complete, and then go to the relevant window to handle it according to the number

3. The fee for adding the name on the house property certificate is 110 yuan. The details are as follows: 80 yuan for cost, 25 yuan for cadastral map and 5 yuan for pasting. If it is successful, you can get a new house property certificate after 20 days

4. A password can be set for the new real estate certificate, and the real estate trading center will tell you an initial password, which can be changed later

9. 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.