The National Development and Reform Commission recently designated virtual bitmain t17+currency business activities as illegal financial activities, and virtual currency "mining" behavior is extremely serious. It will also carry out a thorough rectification of the industrial concentration of "mining," as well as the participation of state-owned units in "mining" and Bitcoin "mining."

So, what exactly does "mining" virtual world currency mean, and what are the following method risks?

Virtual money "Mining" is the process of generating virtual currency by calculating a special "mining machine," the essence of which is equivalent to a mathematical problem from a virtual currency system, the mining machine first calculated the correct answer, who will be able to obtain the corresponding virtual currency. The first person to calculate the correct answer receives the corresponding antminer a10 provirtual currency payoff. This process necessitates the computer continuing to calculate, and the faster the calculation, the more power it must consume.

How much energy is required? A large number of graphics cards are required for virtual currency mining machines. A miner's graphics card typically has a power of around 300W, and a miner with four graphics cards has a power of 1200W W. A miner's power, when combined with other equipment, is around 1400W W. A miner typically runs 24 hours a day and consumes 33.6 kWh of electricity per day. Some mines frequently have a large number of mining machines, such as a "data services" company in a western province with an average monthly electricity consumption of 2500 kWh. You can a10 pro minerimagine how much electricity these mining companies use and how much CO2 they emit.

At the same time, what role do these mining companies play in economic development and technological advancement? Not only that, but the high electricity consumption has an impact on the normal production and operation of legitimate businesses.