Does mining break the law in a private house
bitcoin mining is illegal in China
the concept of bitcoin was first proposed by Nakamoto on November 1, 2008, and was officially born on January 3, 2009. According to the idea of Nakamoto, the open source software is designed and released, and the P2P network on it is constructed. Bitcoin is a virtual encrypted digital currency in the form of P2P. Point to point transmission means a decentralized payment system
since September 4, 2017, China has expressed its opposition to the virtual currency exchange
on the market, the large-scale exchanges are graally fading out of the domestic market, some of them are going to Japan and some of them are going to Nanyang. Of course, with the release of the new regulations in Hong Kong in early November, we believe that the virtual currency exchange may obtain a legal license in Hong Kong in the future to serve the local institutional investors
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bitcoin China said that the platform would stop withdrawing cash at 12:00 noon on that day. So far, bitcoin China has closed all trading functions. Yesterday, the other two major bitcoin trading platforms in China, huocoin.com and okcoin, also stopped trading all digital assets against RMB
since the beginning of this year, the virtual currency represented by bitcoin has soared, attracting a large number of ordinary people without any technology and investment knowledge to enter this high-risk market
on September 4, the central bank, together with many ministries and commissions, issued the announcement on preventing the risks of token issuance and financing (hereinafter referred to as the announcement), which pointed out that no organization or indivial may illegally engage in token issuance and financing activities According to the announcement, all kinds of token issuance and financing activities should be stopped immediately from the date of issue
the organizations and indivials that have completed the token issuance financing should make arrangements such as liquidation, reasonably protect the rights and interests of investors, and properly handle the risks. Relevant departments will seriously investigate and deal with the activities of token issuance and financing that refuse to stop and the illegal behaviors in completed token issuance and financing projects
on September 13, the China Internet Finance Association issued "tips on preventing the risks of bitcoin and other so-called" virtual currencies ", pointing out that bitcoin trading platform is a tool for money laundering, drug trafficking, smuggling, illegal fund-raising and other illegal and criminal activities e to the expanding number of stakeholders and strong speculative atmosphere; There is no legal basis for the establishment of various so-called "currency" trading platforms in China
it must be illegal for civil power to be used in instry,
and do you have a mining license
this is not a joke
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
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
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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
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
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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 yuan need to be recharged in RMB, 1 yuan is equal to 100 six yuan
the operation business of six rooms Internet performance platform takes the anchor as the center and the network studio as the unit. The anchor, user, agent, family, Legion and other participants form an Internet performance platform ecosystem
in this ecosystem, anchors perform a variety of talent performances (such as music, dance, talk show, etc.) to attract users, and communicate and interact with the audience in the online studio. Users express their appreciation and admiration for the anchor's performance and communicate with other users by giving virtual gifts to the anchor and other users
in the process of interactive communication, six rooms generate revenue by selling a variety of virtual gifts (such as flowers, applause, sports cars, etc.) and virtual user privileges (such as limousine, car, guard) on the platform. Anchor is the main procer of six room platform content, which plays a key role in the six room Internet performance platform ecosystem. High quality anchor has a certain platform brand promotion effect and user agglomeration effect
liujianfang has been acquired by Songcheng performing arts, the largest private performing arts group in China. Songcheng performing arts and liujianfang are highly compatible in business and brand. In the future, it will provide users with high-quality entertainment consumer procts, expand business boundaries and enhance brand competitiveness by integrating offline and online resources (platform, content, artist, team, customer and marketing)
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at noon on May 21, the reporter of financial weekly came to Beijing liujianfang Technology Co., Ltd. (hereinafter referred to as "liujianfang") on the 8th floor of building 5, subject international, No. 9 Shouti South Road, Haidian District
when the reporter asked whether the "net movement" had a business impact on the six rooms, the front desk staff said it was not clear
in fact, six rooms have been very low-key. If it wasn't for the net campaign, it would be hard for the public to know. As a video live show website, liujianfang has brought this profit model into full play. In his early years, liujianfang had a gray business, and made a lot of money with its unique theory of "ambiguous economics". According to the data, the operating revenue of six houses last year was 300-400 million yuan
for a long time, the six rooms that netizens regard as "erotic websites" have put great pressure on the founder Liu Yan. Previously, Liu Yan, the founder of liujianfang, once said, "we never think liujianfang will live on the mode of online entertainment. We keep trying."
for Liu Yan, this is the most sensitive time in his eight years of entrepreneurship. One is the unprecedented net movement, and the other is that the listing is imminent
"six real estate companies are preparing for IPO in the second half of this year." A PE insider told the financial weekly
this news has also been confirmed by insiders of six rooms, "the company has hired external auditors, and the project team has gone to the company for audit."
Compared with the instry peers, the biggest advantage of six rooms is "live show"for the six room show, it's very simple to briefly browse the functions of the six room show. The recommended room is in the middle of the home page, and the number of people in the room is displayed below, in addition to the head picture of the anchor
an anchor named "Yaya" is very popular on the Internet. After entering the room, I saw the anchor "Yaya" with heavy makeup, wearing lace and sitting on the chair. The layout of the whole room was simple, with high-definition camera, microphone and an Internet broadband. I started the day's work
the live broadcast begins. In the room, the anchor has been stirring up the atmosphere in the live broadcast room. A song of Wu Nong's soft language, a bloody dance, and one or two explicit provocative words appear from time to time to remind the audience to recharge, while the sective audience will express their demands. But very soon, this explicit conversation was quickly blocked
in the whole trial process, the audience's performance is still very enthusiastic, and they have been sending gifts to the anchor, such as "applause", "throat treasure" and so on. According to the incomplete statistics of financial weekly, the anchor received nearly 60 red envelopes in five minutes. By looking at the "anchor signing rules", we found that these items need to be purchased with six virtual currencies of six rooms, and the acquisition of six currencies needs to be recharged with real gold and silver. It is understood that one yuan can buy 100 six currencies
It is understood that different gifts have different prices, ranging from 5 to 218995 yuan. Among them, the highest price of the gift is 218995 yuan, and the lowest price is 648 yuan and 43400 yuan. The value of the gift is as high as 3269 yuan