Continuously improve cryptocurrency mining operations in many areas.

As of 2021, as a rule of thumb, many sites will continue to trade cryptocurrency mining activities.

Double for carbon monoxide, short for carbon peak and carbon medium. In September 2020, China set a clear goal of “carbon sequestration” by 2030 and “carbon neutrality” by 2060. On December 20, 2021, it was selected as one of ten announcements. 2021 and the ten new words for 2021. A "double carbon" offers an eco-responsible, environmentally friendly and low-carbon lifestyle. The rapid reduction of carbon monoxide will help boost green technologies and improve the global competitiveness of industry and commerce.

On January 10, 2022, the National Development and Reform Commission announced the decision to revise the "Catalog of Guidelines for Industry Restructuring (2019 Edition)" to "Catalog of Guidelines for Industrial Restructuring (Edition 2019) ".Item 7 is added to “1. Electronic and Electronic Resources” and “(18) Other” in the disposal category, and the content is “Virtual Currency Mining Activities”.

On the same day, an article published on the website of the Central Commission of Justice and the National Council highlighted the facts.Quasi-monetary "mining" consumes a lot of energy and emits a lot of carbon, and the blind and illegal development work against carbon monoxide, carbon neutrality and the objectives of good development of our country.Under the banner of new ideas, the use of advanced technology and digitization, to prevent "old walking shoes", the provincial administration and supervision of Zhejiang can use public resources to participate in the "economy" and fertilization. marketing. The Jiangxi Provincial Justice Ministry requested and cooperated with the agencies to investigate issues such as the creation of illegal profits by some TEDA companies, and to promptly investigate and correct indifferent behavior regarding the application of new strategies. improvement. , design flexibility and choice.

In fact, improvements in mining have continued since May of last year. On May 21 of last year, the State Security and Financial Services Commission (hereinafter referred to as the Financial Services Commission) of the Council of State held its 51st meeting to study and prepare for the next major financial sector project. The meeting stressed that the financial system will be stable to the implementation of the decisions and plans of the China Justice Council and the State Council, expand support for the economy truly, handle changes in monetary policy and necessary, and adapt accordingly. market needs. Significant results have been achieved in helping athletes acquire appropriate and adequate management skills, improving financial support, improving financial support, preventing and controlling the spread of disease, and promoting business improvement and relationships. The meeting called for decisions to prevent and manage financial risks. Adhere to the core principles, strengthen the comprehensive investigation and early warning of financial risks, promote the reform of small and medium-sized enterprises, focus on reducing risks and lending risks, and strengthen the financial supervision of the platform. form of negotiation. ., against the mining and trading of bitcoinsDecisions to prevent the spread of self-destructive relationships. It is necessary to maintain a stable supply of goods, liabilities and foreign trade, strictly for security breaches, and severe penalties for crimes and misdemeanors.

On the evening of September 24, the National Development and Reform Commission, the Central Bank and others issued notices regarding the review of speculation on mining and cryptocurrency trading. The National Development and Reform Commission and other departments have issued notices of amendments to virtual mining, concerning the tightening of double control of electricity consumption for new virtual machines of the projects. "Mining". The notice also states:, defines the activity of "mining" cryptocurrency as removal from the market. Virtual mining operations on behalf of a repository are strictly prohibited.Improve the credit management of information centers. Strict restrictions on phone and energy use by virtual currency "mining" companies. It is prohibited to provide financial, fiscal and financial assistance to new virtual currency "mining" projects.

In addition, it should speed up the dismantling of existing businesses and investigate and prosecute the illegal and unauthorized use of electricity. Energy consumption varies. Virtual currency "mining" projects cannot participate in the electricity industry. Stop all finances and taxes on the virtual profit "mining" project. Do not provide financial support for virtual "mining" projects. Deleted within the deadline in accordance with the 「Guidance Catalog for Industrial Restructuring」.

In November 2021, the National Development and Reform Commission also hosted a video conference on the regulation of cryptocurrency “mining”. The meeting said:All states, autonomous regions and cities under the direct control of central government must comply with measures affecting the achievement of virtual "mining", play an important role locally, establish a system, and strictly monitor, set up, repair and inspect the virtual results of "mining" operations in your requirements. Sanctions for state enterprises and "mining industry" related to the computer room.

In addition, according to the data, to reach the goal of 'zero' cryptocurrency mining by 2021,, specially dealt with virtual mining "mining" in 15 states.

It should be noted that the purpose of the project is only gradually replaced by the efforts of mine rectification activities. The United States overtook China to become the world's largest bitcoin miner after China banned bitcoin mining, according to a study released Wednesday by the Cambridge Center for Alternative Finance at the University of Cambridge. At the end of August 2021, the American hashrate represented 35.4% of the global hashrate, more than double that of April. He followed Kazakhstan and Russia. China's hash rate fell from 44% in May to 0 in July and rose to 75% in 2019.

However, with the gradual change in the mining industry, many countries including Kazakhstan, Kosovo and Iran have introduced interventions to address issues such as weakness, China with restrictions on mining. illegal and calls for speeding up the cryptocurrency mining policy. . Classification measure for crypto miners, etc.