Stay away from "mining" and be alert to virtual currency "cut leeks"

The "mining machine", "mining" successful

Take a wealth train

From then on to the pinnacle of life

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The virtual currency creates the myth of wealth

Unexpectedly, with the country's paper ban

"Mining" failed

In recent years, some individuals and enterprises have engaged in the "mining" activities of virtual currencies under the banner of high -tech and seek benefits. The production and transaction activities of virtual currency "mining" bring many risks in the fields of energy, network security, financial stability and other fields, and adversely affect the promotion of the high -quality development of the economy and society and energy conservation and emission reduction. In September 2021, 11 departments such as the National Development and Reform Commission jointly issued the "Notice on Rectifying the" Mining "Campaign of Virtual Currency" to clearly strengthen the supervision of upstream and downstream industrial chain of the "mining" activity of virtual currency. Mining "projects, accelerate the orderly exit of the stock projects. According to the spirit of relevant documents of the state, provincial, and municipalities, our district adopts the combination of "online supervision+offline rectification" to normalize and efficiently carry out the special rectification work of virtual currency "mining", and resolutely investigate and punish the virtual currency "mining" of virtual currencies according to law. Behavior.

So

What is virtual currency?

What is "mining"?

What is the harm of virtual currency "mining"?

Let's learn through the following content

What is virtual currency?

Virtual currency is not a real currency, it exists in the online world in digitalization. Unlike traditional currencies, virtual currency cannot be used as currency in the market, and virtual currencies in investment and transactions are not protected by law. Virtual currency is not issued by the currency authorities. It does not have monetary attributes such as legal and mandatoryness, and does not have the legal status as the currency.

What is "mining"?

"Mining" refers to the process of using computer hardware to calculate the position of digital currency and obtain. The essence of "mining" is equivalent to a mathematical problem in the virtual currency system. Whoever calculates the correct answer first can get the corresponding virtual currency reward. This process requires the continuous calculation of the computer. The faster the computer calculation speed, the greater the consumption of power.

Who is "mining"?

The "mining" activity of virtual currency is the process of calculating the production of virtual currencies through a dedicated "mining machine". Its scope is as follows:

1. The virtual currency "mining" enterprise disguised as a data center;

2. Enterprises and individuals who provide venue leasing such as "mining" activity enterprises engaged in virtual currencies;

3. Enterprises obtaining power supply through illegal means, enterprises engaged in virtual currency "mining" activities;

4. Enterprises, Internet cafes, etc. in "mining" in other hidden forms.

Harm of virtual currency "mining"

1. "Mining" consumes a lot of computing resources, which makes the system, software, and application services run slowly, and may even cause the system to collapse, causing data loss;

2. The personal computer or server is controlled by the "mining" program, causing data leakage or infection of the virus, which can easily cause network security issues;

3. The "mining" of virtual currencies will cause a large amount of energy consumption and carbon emissions, which violates the new development concept and is not conducive to the realization of the national carbon peak, carbon neutrality;

4. Virtual currency uses anonymous transactions to disturb the normal financial order and become a tool for illegal and criminal activities such as money laundering and illegal transfer of assets.

"Mining" activity illegal nature

Virtual currency "mining" activities have been listed in the "Industrial Structure Adjustment Guidance Catalog" (2019) elimination category, which is the category of "backward production process equipment". In September 2021, the People's Bank of China issued the "Notice on Further Preventing and Disposing the Risks of the hype of virtual currency transactions" with relevant departments to clarify that virtual currencies do not have legal status as equivalent to legal currencies. There are legal risks in investment trading activities. In November 2021, a spokesperson for the National Development and Reform Commission said that it will continue to rectify the "mining" activities of virtual currencies with a high voltage situation. Plus punishment for electricity prices.

Virtual currency "mining" activities violated laws and regulations such as the "People's Republic of China Code" and "Circular Economic Promotion Law of the People's Republic of China (Amended 2018)" and "The People's Republic of China Save the Energy Conservation Law" and other laws and regulations.

Article 9 of the People's Republic of China: Civil actors engaged in civil activities should be conducive to saving resources and protecting the ecological environment.

Article 50 of the "Circulation Economic Promotion Law of the People's Republic of China (Amendment of 2018)": If the products and equipment of the production and sales of the elimination list shall be punished in accordance with the provisions of the "Product Quality Law of the People's Republic of China". Those who use the technology, technology, equipment, and materials of the elimination list shall be ordered by the comprehensive management department of the local people's government at or above the county level or or above the comprehensive management department of the circular economy development. The following fines; if the circumstances are serious, the comprehensive management department of the people's governments at or above the county level shall be submitted to the comprehensive management department of the circular economy development of the people's governments at or above the county level, reporting to the people's governments at the same level in accordance with the permissions prescribed by the State Council to order to suspend or close them.

Article 71 of the "Energy Conservation Law of the People's Republic of China": If the use of energy equipment or production technology that is eliminated by the state, the department that manages the energy conservation work is ordered to stop using it and confiscate the energy equipment eliminated by the state. The departments that manage energy -saving work can be submitted to the people's governments of the people at the same level in accordance with the permissions stipulated by the State Council at the same level.

Here I remind the general public to invest and trade virtual currencies from law protection

Citizen friends should choose regular and legal investment channels

Awareness of prevention

Do not participate in "mining"

Avoid cause of property loss and adverse consequences

Source: Comprehensive Finance of the Internet

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