Electricity mining by government units
if you want to talk about what is the investment proct with the highest return on investment, it must be bitcoin in recent years. The price of bitcoin has doubled dozens of times, which makes many people excited and devote themselves to mining. But as we all know, bitcoin mining is not simple. It requires a large number of computers with high configuration to work continuously, and the electricity consumption can also be imagined. Recently, Inner Mongolia asked to close all virtual currency mining projects before the end of April, and prohibited new virtual currency mining projects. Recently, the Inner Mongolia development and Reform Commission issued "several safeguard measures to ensure the completion of the" fourteenth five year plan "energy consumption double control target tasks (Draft)", which clearly proposed to comprehensively clean up and shut down the virtual currency mining projects, and withdraw them by the end of April 2021 strong>
the media's hype about bitcoin has made more than one newspaper sneer: "at present, journalists recognize bitcoin more than investors as a reliable way to store wealth." Government departments around the world are also paying attention to bitcoin. Although the Chinese and American governments have not banned it, they do not encourage people to participate in it. Here we focus on two questions: why is bitcoin so important? Why doesn't the government like bitcoin
bitcoin is a virtual payment system, which is not controlled or governed by any central government or private institutions. Unlike Alipay or Paypal, the system has its own monetary unit (bitcoin) instead of Renminbi, US dollars or other legal tender. Strictly speaking, bitcoin has no physical form. Instead, it trades over the Internet, and users store their bitcoin in their wallets. The bank account books record the depositors' deposits and withdrawals. The public can not see these records, but it is legal for the government to ask to review these records. The account book of bitcoin is called "block chain". In theory, it is a public document (anyone can download a ), but the participants of bitcoin system can easily hide their identity, because bitcoin is sent to the address randomly generated by electronic money package, which is composed of letters and numbers. In other words, I can provide a new address for each transaction. So even if people can figure out how much bitcoin they can get, they won't know if I have bitcoin
Where can I get bitcoin? One way is through "mining.". This method is by no means easy, and the computing power required for "mining" is now more than most people can afford (according to the design of bitcoin system, it will be increasingly difficult to find bitcoin). I know it's too simple to say that. The fact is that bitcoin's revenue and expenditure books are jointly maintained by "miners" all over the world. Most of the "mining" groups (more than 60000 users) that "miners" participate in spend a lot of time and power, and some of them can get bitcoin. For the majority of non professionals, it is much easier to buy bitcoin online on the bitcoin "exchange" with regular currency. Until recently, Japan's Mt. GOx was the world's largest bitcoin "exchange.". In China, bitcoin "exchange" BTC China has the longest history
I'm not surprised that China has quickly become a major bitcoin market because bitcoin has performed so well as a private trading channel. It is estimated that in 2013, the trading volume of bitcoin in China (including Hong Kong) accounted for more than half of the global trading volume, and more than 100000 bitcoins were traded in "bitcoin China" every day. People's interest in bitcoin has increased greatly, especially in China, which has led to a significant increase in the value of bitcoin, from about $0.08 in June 2010 to $1124.76 in November 2013. This led to reports that a Norwegian man bought 5000 bitcoins for $26.60 in 2009 and sold them for $886000 in 2013
unfortunately, those who bought at the peak have found that their bitcoin has almost halved in value - the current price of bitcoin is less than $600. What's wrong
for some investors, it is a problem that bitcoin has no physical form. For example, the Norwegian man mentioned above forgot his e-wallet password and had to take great pains to delete and rebuild it. Mt. GOx is much larger. It stopped trading on February 25, 2014, and then filed for bankruptcy protection in Japan and the United States because it lost about 550000 bitcoins, which were worth $473 million at that time, accounting for 7% of all bitcoins in circulation. Attorneys for Mt. GOx said in court that the reason for the loss of the bitcoin may be that "there is an algorithm defect in the bitcoin software, and someone has used this defect to invade the bitcoin network.". Investors usually stay away from such risks that they cannot understand
however, the bigger problem with bitcoin is that the Chinese and US governments are not friendly to bitcoin. In December 2013, the people's Bank of China banned financial institutions from engaging in bitcoin trading, saying that bitcoin is not a "real" currency. The bank made it clear that investors were free to participate in bitcoin trading, but at their own risk. Analysts pointed out that the Chinese government is worried that bitcoin trading by financial institutions will threaten the government's control over the financial instry, especially in terms of money supply and cross-border money flows. Before too many parts of the economy become "invisible" and untraceable, the Chinese government must act< Almost at the same time, U.S. Department of Homeland Security agents detained more than $5.1 million of bitcoin in Mt. GOx's account. They said the money came from a criminal network called silk road. In January 2014, a director of MT GOx was charged with money laundering. However, the U.S. government did not declare bitcoin illegal. Instead, after explaining the tax law, it used an unconventional means to punish users of bitcoin. In March 2014, for example, the Internal Revenue Service announced that bitcoin was an asset, not a currency. This has a significant impact. For example, if an American taxpayer buys $500 of bitcoin and then uses them to buy $1000 of goods e to the rising market price of bitcoin, he has to pay tax for his income. If the taxpayer purchases foreign currency, he does not need to pay tax when the foreign currency appreciates against the US dollar. In addition, bitcoin miners must declare the value of bitcoins by the date they were discovered, not by the time they were spent. In other words, bitcoin related taxes need to be paid immediately, even if the "miner" intends to keep these bitcoins for a few years. Recently, the U.S. government announced that it would transfer the bitcoin detained from "Silk Road", but asked the buyer to show his identity, which would inevitably weaken people's desire to buy and rece the transfer price of these bitcoins
since December 2013, China's official attitude towards bitcoin has not changed. However, the Chinese government does not allow domestic banks to do business with bitcoin "exchanges", especially in transferring RMB deposits from personal accounts to "bitcoin China". On April 28, 2014, bitcoin China said on its microblog that its user account had voluntarily stopped accepting RMB deposits. Since then, China has not encouraged bitcoin "exchanges" to allow users to withdraw Renminbi from their accounts. The future of bitcoin in China is not good, only Hong Kong may be an exception; At the same time, there are bitcoin ATMs in Hong Kong
but as far as the investment risk of bitcoin is concerned, the government's view may be reasonable. Recently, it has been reported that a "mining" group has controlled more than half of the bitcoin computing power, which may enable the group to veto bitcoin transactions verified by other "miners", or reuse the same batch of bitcoin without fear of being questioned. For most people, these problems can be too complex to solve. However, in mid June, Peter Chen, the main developer and advocate of bitcoin, made a breakthrough; Peter Todd, who sold half of his bitcoin, said: "I've learned that the factors that make bitcoin motivating are flawed, for a number of reasons. To say the least, even if only a few of the main reasons are taken into account, it will make people worried when a mining group controls 50% of its computing power. "
the conditions for filing a case:
① there is a clear actor, that is, a legal person or a natural person< (2) there are facts of violating laws and regulations on mineral resources management
③ those who should be investigated for legal responsibility according to the laws and regulations on mineral resources management< (4) it belongs to its own jurisdiction
filing proceres:
1. Review filing materials, including letters, transcripts or inspection reports, etc
2. Fill in the form of filing and approval of illegal cases
3. Approval by the leader in charge< (4) after the case is approved for filing, the party who violates the law shall be informed
2. Investigation and evidence collection. Investigation and evidence collection is a proceral activity to find out the case and collect evidence
preparations for the investigation:
1. Assign no less than 2 investigators in time
② the investigators should be familiar with the materials, review the case, confirm the parties involved in the violation, formulate the investigation plan, organize the implementation with the approval of the leader in charge, and timely inform the relevant personnel, including the parties involved in the violation
investigation methods and requirements:
① ask the reporting unit or indivial to provide other relevant materials proving the violation of the law, and ask them to make explanations
2. Investigate the parties and witnesses, and conct on-site investigation< (3) to entrust other mineral resources authorities to conct investigation
3. Trial. Trial is a procere to appoint a special agency or a special person to review and handle the illegal cases of mineral resources at the end of the investigation before the punishment decision is made
4. Inform. According to the provisions of the administrative penalty law, before making a decision on administrative penalty, the administrative organ shall inform the parties of the facts, reasons and basis for making the decision on administrative penalty, and inform the parties of the rights they enjoy according to law. The parties have the right to state and defend
5. Hearing. In accordance with the provisions of the administrative penalty law, the administrative organ shall inform the parties of the right to request a hearing before making decisions on administrative penalty, such as ordering proction or business suspension, revoking the license or license, and imposing a large amount of fine; If a party requests a hearing, the administrative organ shall organize the hearing. The handling of illegal cases of mineral resources also involves the hearing procere. If a hearing is needed, a notice of hearing shall be issued first. The party concerned shall request a hearing within 3 days after receiving the notification. The administrative department of mineral resources shall, seven days before organizing the hearing, inform the parties of the time and place for holding the hearing
6. Treatment. Handling refers to the proceral activity of making a correct judgment on the nature and degree of harm of a case and deciding to impose legal sanctions on it on the basis of investigation and evidence collection and trial
ways of treatment:
1. The mineral resources department shall handle according to law
2. Submit to the party's unit, superior organ or administrative supervision organ for handling< (3) submit to the public security organ for handling< (4) transfer to judicial organs for treatment
treatment methods:
1< (2) administrative punishment< (3) administrative punishment< (4) public security management punishment< (5) criminal punishment
7. Delivery. Service refers to the act of the Department in charge of mineral resources to deliver the case handling documents to the parties in accordance with the law
the documents to be served include:
① notice of ordering to stop illegal acts of mineral resources< (2) notification of administrative punishment for violation of mineral resources laws and regulations< (3) Notice on hearing of administrative penalty for violation of mineral resources laws and regulations< (4) Notice of hearing on administrative penalty for violation of mineral resources laws and regulations< (5) decision on administrative punishment for violation of mineral resources laws and regulations
8. Implementation. Execution is a proceral activity of the mineral resources department in order to realize the administrative punishment to the parties
execution mode: one is to urge the parties to perform consciously, the other is to apply to the people's court for compulsory execution
9. Close the case. Closing a case refers to the activity of comprehensively arranging and filing the materials in the whole process of work after the investigation and handling of the case.