Who “operates” under strict control?

Since virtual virtual "mining" leads to high energy consumption and poses financial risks, the companies involved have resorted to strict monitoring.

Under strict surveillance, measures to maintain and repair the electricity consumption of "mining" companies have also been tightened in many areas, and blackouts have continued in the past for the capture of systems. monitoring of mining and intellectual property. After many options, bitcoin mining in China calculates cliff energy loss, and virtual currency “mining” is banned throughout China. Although tangible results are being obtained from the ongoing maintenance work, some new issues emerging in some areas are still significant.

Under strict control, domestic electricity consumption returns to zero.

Xiaosan "mining" has not disappeared.

Hong Jian (pseudonym) is a broadcaster for a Shanghai-based film production company. His colleagues and friends would not have thought that such a young man "had me at home", checked in daily.

For three years, Hong Jian, from his hometown of Jiangsu across the river, asked his father to activate the system and use the remote control software to become a "mining machine" that extract of virtual currency. As of mid-October, monthly electricity consumption was 35,000 kWh. . He is. , well beyond the average inhabitant, and the energy consumption of a household and industry is classified according to household differences and affected energy use.

In fact, Hong Ji-an originally made the machine in his hometown for the purpose of "video rendering" at work, but saw the virtual currency craze and replaced the top floor of his apartment building. three floors by "mine". “And successively more than 50 tools joined the“ mining force ”.

“Bitcoin needs special miners and the only computer equipment can be my ether. At the start of 2017, the ether was only $ 10 each, but by the beginning of 2018 it was up to $ 1,000.” Hong Jian said. .

The reporter reported that the site has two rooms on the third floor, one is full of shelves, with boards, motherboards and devices installed in the area numbers and large fans have been installed to hit them. walls to warm up. dissipation. The other is used as a warehouse and has all the machinery and equipment. Start the "mining" program by turning on the vendor, the word "Start Mining" will be clearly visible on the screen.

As more and more machines are purchased, ordinary private electricity cannot meet "mining" demand, Hong Jian requested the installation of a 250 kv transformer in local power generation under the title of "Sales and IT services". own and operate a home. On average, 3 Ether Coins can be mined in a month before registering as an Avalanche User.

Hong Ji-an said, “The monthly electricity bill is over 20,000 yuan, the equipment investment is the same, and there is no income. Please stop.

Virtual currency "mining" refers to the process of counting and creating virtual currencies by focusing on "mining machines" that consume a lot of energy. In September this year, the National Development and Reform Commission and 11 other agencies jointly released data on the topic of “mining,” banning new virtual “mining” projects and valuing existing jobs.

Reporters said that due to the high energy consumption, the layout of the large-scale and industrial "mine" project is mainly Inner Mongolia, Xinjiang, Sichuan and Yunnan. In order to absorb enough energy and support local taxes and improve the economy, some regions have increased investments on behalf of data centers to become "management" functions.

On May 21 this year, the Committee on State Security, Economy and Development held its 51st meeting, addressing issues of financial risk prevention and control, "to eliminate mining and trade in bitcoins and carefully prevent the spread of personal danger to humans. " It is considered to be the first time that the outside world has explicitly condemned the "commerce" of Bitcoin and the country's economy. As a result, some "mine" operations collected from 11 factories were closed quickly and "large mines" "with millions of kilowatt hours of electricity per day were easily wiped out".

According to data released by the Cambridge Alternative Finance Research Center in October this year, China's share of China's energy demand for global Bitcoin “market” activity will increase between May and July 2021. It has increased from 44%. to 0. Cambodia has become a new mining site. In 2019, China's share of world Chinese power was quarterly.

“These statistical data show that the current strength of Bitcoin mining in China has a 'zero function' at the macro level.

Although large-scale "industrial" activities such as organizations are prohibited in Korea due to local circumstances, there are still many "mining operations" in many places.

The Jiangsu Provincial Telecommunications Bureau released a statement on its official website in October this year, and found that the Jiangsu Provincial Administration showed that the total number of Internet IP addresses involved in "operations" was 4,502, using more than 10 PH / s of calculated power. It consumes 260,000 kWh / day. “Mining” activities focus on virtual currencies such as Ethereum and Bitcoin.

Following these leaders, the reporter traveled to Xuzhou, Changzhou, Suzhou, Nantong and other towns and villages to explore and research, but did not find any major "only mining" project. Most of the certified "mining" IP addresses are private "mining" activities, for example the "mining" IP addresses identified by Xuzhou have joined two online stores.

This kind of "little" type lurking in houses and internet cafes is also available elsewhere. For example, in October last year, residents of a community in Beijing's Chaoyang district used a firefighting system to use a computer for "research" purposes, it was reported. announced and recognized. At the same time, supervision in Jiangsu, Zhejiang and other places has shown the intention to use public capital to engage in "mining operations".

All of the improvements have yielded positive results, and there is always a blind spot in maintaining "one" self.

Regarding the next phase of reform, National Development and Reform Commission spokesman Meng Wei said at a regular press conference in November this year: “They will be trained to keep costs down. Punitive electricity tariffs have created a high-risk situation that continues to transform the value of the “mining market”.

Policies have increased in many areas. However, through local visits, the reporter learned that different regions also face difficulties in complying with the rules due to the free availability of various resources. . At the same time, due to the large number of supervisors involved, there were issues such as poor communication between buildings, poor coordination, and lack of energy and cohesion. In particular, there is also a blind spot in the management and administration of the non-partisan activities involved in the "mining industry" that occurs at this point.

“Naturally decentralized mining is not a large-scale organization or organization. The National Development and Reform Commission and the Ministry of Industry and Information Technologies have no way of interfering with this type of exploitation ”. Qi, CEO of the Wuxi Digital Economy Research Institute, said in the past there has been more oversight. This should be corrected from the point of view of restricted speculation on cryptocurrencies. Whether it is a “business” of a business or an individual, many businesses will happen. From mining to "mining", the leader can cut this link. But if there is no change after the excavation, it is very difficult to study and process.

An official from the Urban Development and City Reform Commission said: “On October 12 of this year, we received the first list of virtual benefits. Investments ”from our leaders. Upon review, comments on intellectual property are now a private matter. Mining operations "and requirements to be placed in industry are excluded, but there are no special rules for individual" only "action.

“Under our law, all four households we surveyed were home users, but unless they steal or pay their utility bills, we cannot release one. Restrict them to surveillance. more than constant. ”Grid Jiangsu Province, director of the city's power company, said that if you pay according to the electricity tariffs in industry and economy, the electricity tariffs will be cheaper.

"In terms of network security, the staff can only monitor traffic and not use electricity," said the director of the city and town network information office.

“Electricity alone does not indicate a problem. Today, most “mining operations” are a self-contained process and consume less energy. Higher institutions can manage communications and other departments with more precision. The supervisor said that "the mining industry" is a kind of electricity, and in order to complete the whole process or supervise the whole chain, it is necessary to examine the water flow, including the energy, electricity consumption and capital.

The separation of "chain" and "room" promotes the deep integration of digital technology and real-world commerce.

Due to the mechanism of decentralization, cryptographic algorithms and other features, virtual currency can be left unattended, and the restriction or high level of care of virtual currency cannot be relaxed until this situation is cleared. resolved.

"Virtual currencies and other crypto assets are financially viable and when traded they should be carefully monitored." Liu Xiaolei looked at many ties in the legacy of the crypto industry and said it was either a "running" front end or not. , advertising or commercial relations are strictly regulated in their country. The main problem with virtual currencies is that they are not tied to trade values. However, China's attitude to the surveillance of crypto assets has always been a separation of “chain” and “money”. Improved support for blockchain technology and risk protection of crypto products.

Liu Xiaolei believes China's blockchain industry still has a lot to do with regulatory support. “In the past, our country has clearly documented the importance of manufacturing, and the commodity market is still powerless. Big data management rules have raised the standard as blockchain storage, according to.

Blockchain technology is very good, but the reality of its application is the desire to share the trust of the parties, but often the application problems are difficult to achieve. While working on the 'Chain' project, I noticed that a controversy arose between the companies. Blockchain technology was the first classification, but it eventually became a blockchain in many buildings, recreating what is called decentralization and centralization. worth learning.

Experts interviewed often expressed support for overseeing the separation of 'chain' and 'coin', and felt that technologies such as blockchain technology should exist. protection and support when fighting virtual currency. China has the advantages of big data and rich applications, and the future applications have been vast. However, how these businesses are affected or depend on the nature of the financial breach and the extent of individual rights and responsibilities. gone clearly ?? , the development of big data management system is also a future concern.

Several interview experts, including Mao Haijun, dean of Namdong University Jiaotong College, made the following remarks. First, it defines the legitimacy of an individual (family) virtual currency “mining” function and specifies the function to be included in the capital layer. Edit.

The second is to jointly review goals, clarify areas of authority and responsibility, and resolve inconsistencies in a timely manner in the business process. At the same time, through the cooperation of power plants, communication and public security, to supervise research and development, and destroy the "" business "is illegal by monitoring the time of poor energy consumption and network connectivity. .

The third is to prevent and regularly advance technologies such as blockchain technology.