Bitcoin mining machine investment in China

1. Erdos, 560 kilometers west of Beijing, is covered with hot waves and sandstorms. The gate is a dividing line, separating the two worlds. Outside the gate is a typical landscape of China's fourth tier Urban Development Zone, while inside the gate is a science fiction scene like the matrix. Eight large factories with blue roofs are juxtaposed. Tens of thousands of "mining machines" are flashing red and green light and roaring in the factory, making digital currency bitcoin for this "mine" day and night. This once the world's largest mine holds about 4% of the computing power (proction capacity) in the bitcoin world. During the peak period, it can dig out more than 100000 bitcoins a year, which is worth more than 3 billion RMB at the price of 30000 RMB in August 2017.
bitcoin was invented by "Zhongben cong" in 2009, Using the computing power of the chip, the boring and repetitive process of constantly "hash collision" in the blocks generated by the bitcoin system to win the bookkeeping right and thus obtain the system reward of bitcoin is vividly called "mining" in the bitcoin instry, and the professional staff engaged in this work are called "in the first few years of bitcoin operation, An ordinary laptop can play the role of "mining". However, the entry of Chinese miners has completely broken the balance of this situation. Relying on professional mining machines designed and made in China, they staged one after another bitcoin world computing power arms race, raising the threshold of "mining" tens of thousands of times

2. Now it's not very profitable. In 12 years, the price of bitcoin was about 1000 +. With personal PC, we could dig more than one coin a week. The current currency price is about 20000 yuan
Development:
1. Bitcoin (bitcoin) is a kind of network virtual currency, which can buy real-life goods. It is characterized by decentralization, anonymity, and can only be used in the digital world. It does not belong to any country or financial institution, and is not subject to geographical restrictions. It can be exchanged anywhere in the world. Therefore, it is used as a money laundering tool by some criminals. In 2013, the U.S. government recognized the legal status of bitcoin, making the price of bitcoin soar. In China, on November 19, 2013, a bitcoin was equivalent to 6989 yuan
2. On January 7, 2014, Taobao announced that it would ban the sale of Internet virtual currencies such as bitcoin and lightcoin from January 14. West Virginia Democratic Senator Joe; On February 26, 2014, Joe Manchin issued an open letter to a number of regulatory authorities of the US federal government, hoping that relevant institutions would pay attention to the current situation of bitcoin encouraging illegal activities and disrupting the financial order, and demanded that actions be taken as soon as possible to completely ban the electronic currency. On January 11, 2017), the Shanghai headquarters of the people's Bank of China and the Shanghai Municipal Finance Office carried out on-site inspection of bitcoin China.

3.

On Tuesday, Beijing time, China's first bitcoin exchange said it had been acquired by an unnamed Hong Kong blockchain investment fund

"today's acquisition is a milestone for BTCC, and also a recognition and reward for our achievements in recent years," said Li Qiyuan, co-founder of BTCC. "The introction of resources will help BTCC develop its business more strongly and actively from 2018. I am very excited about this."

4.

As of July 24, 2020, the state has not issued any laws to prove that bitcoin mining machine is illegal

bitcoin mining machine is one of the ways to obtain bitcoin. Bitcoin is a kind of network virtual currency proced by open source P2P software

it doesn't rely on the issuance of specific monetary institutions, and it is generated through a large number of calculations of specific algorithms. Bitcoin economy uses a distributed database composed of many nodes in the whole P2P network to confirm and record all transactions. The decentralized nature and algorithm of P2P can ensure that it is impossible to artificially manipulate the value of bitcoin through mass proction

extended data

the issue and transaction of bitcoin are realized by mining, and it is cast at a certain but slowing rate. Each new block is accompanied by a certain number of new bitcoin from scratch, which is used as a coinbase transaction to reward the miners who find the block

the reward for each block is not fixed. For every 210000 blocks mined, it takes about four years, and the currency issuance rate is reced by 50%. In the first four years of bitcoin's operation, each block created 50 new bitcoins. Each block creates 12.5 new bitcoins. In addition to the block award, the miner will receive a handling fee for all transactions within the block<

source: Internet - bitcoin mining machine

5. It's not illegal, but it can't be found basically

6.

When you heard that many people who bought bitcoin got rich overnight, Japan also legislated to accept bitcoin, and then the major businesses supported bitcoin payment... You also have grass in your heart. Although I don't know what this coin is, it seems to make a lot of money. Do you want to buy it for two yuan

With a wave of his hand, Mr. Nakamoto, you guys need not worry. In order to make money... Oh no, in order to save the economic crisis, I have already considered this small matter carefully. In order to ensure the authenticity and quantity of each coin, each of us has a small notebook. On this magical notebook, you can see the birth of each coin, and everyone is a witness. At the same time, for the sake of safety, our notebook also has a very cool function, which is to have an invisible lock. You can only see it, but you can't change it. This kind of bitcoin has authenticity and authority

at the same time, you can rest assured that bitcoin will not be used in vain. I have found many "bricks" of mainstream economics, analyzed bitcoin and predicted that it will become the mainstream currency in the future. Now you can dig (Jian) currency without spending a cent, and you can wait for the currency to appreciate. Isn't it super good

this boasting, we listen to the bious, some people go to dig (Jian) money, some keep watching. At this time, Nakamoto took action. In 2014, he secretly united with American e-commerce giants such as eBay, airbnb and Uber, which began to accept bitcoin payment. Since then, the bitcoin market has really begun. Many people know that there is money coming in vain, and they also begin to join the ranks of coin digging. However, the number of people is still small, and there are not many coins g up

until 2017, when the blackmail virus incident occurred and the whole world suffered from large-scale network virus attacks, the poisoning unit had only two choices, either waiting for the computer to GG and the data disappeared, or paying about RMB 2069 bitcoin to unlock

this made bitcoin instantly become global famous. At the same time, all units had no choice but to buy coins. At this time, the brothers who had been digging for (Jian) coins for five or six years had a collective climax. There were so many coins. You want to buy them, right. In this way, the value of pure virtual bitcoin without real value soared to $2151 / piece

since then, as you have heard, XXX has accumulated more than n bitcoins, which have soared ten thousand times and become rich overnight

up to now, the creator of bitcoin, Nakamoto Tsung, has become a fan of identity, but bitcoin is still not accepted by most countries, including China. At present, bitcoin's high trading volume is also an illusion. Most of them are bad speculators. Through high-frequency trading, they create an illusion to attract investors' attention. This practice is equivalent to Taobao's swiping orders

for you who want to invest, you still need to clarify some things

1. Bitcoin is not restricted by law, and of course it is not protected. Once your trading platform is attacked by hackers, your currency will be lost, there will be no place to find it, and there will be no place to reason Many people go to the rooftop)

2. The fluctuation is very great. You only see a ten thousand fold increase, but not a half drop overnight

3, bitcoin has no issuer. In today's financial world, the currency of no issuer is worthless, and the bubble economy may collapse at any time. p>

the last word of advice: don't touch bitcoin as a rookie, or the old bird will speculate and run when they earn money, otherwise they will be sad

7. It depends on many factors, such as electricity, site rent, labor and materials. However, from the recent decline in the difficulty of bitcoin phenomenon, mining investment fever is abating. It's hard to say whether it will make money. Babbitt has a forum to ask, which can only help.