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indian jewelry wholesale cheap According to reports, the total supply of Bitcoin has been used 80%, leaving only about 4.2 million, waiting for the global "miners". How long can this last feast remain in the case where the price is cut off and the supervision is increasingly strict?
Bitcoin ushered in the final feast, grabbing the last 4.2 million Bitcoin worldwide.
The price plummeted, investors' claims
yesterday (2nd) Bitcoin fell sharply again, falling below the $ 8,000 mark. In January of this year, Bitcoin declined by 30%, compared with the peak of 20,000 US dollars in December last year, it has fallen nearly 57%.
, although the price plummeted caused many people to "be bloody", an investor told reporters that there are not many people who choose to leave the scene in his circle. He said: "Some investors have been stuck. They want to cut the meat out, but they feel very helpless. I personally think that this ups and downs is normal, and it will rise back after the Spring Festival."
Crazy mining machine, the final feast
Bitcoin is based on a set of password encoding and through complex algorithms. Anyone can download and run the Bitcoin client to participate in the manufacture of Bitcoin. Special computer equipment used to earn Bitcoin is called "mining machine".
The founder of Bitcoin, Nakamoto Nakamoto, originally set a total of 21 million supply for Bitcoin. At present, about 80%and more than 16.8 million Bitcoin have been dug out by the "miners" around the world and entered the market. This also means that the "mining machines" around the world are stealing the last 20%, which is 4.2 million Bitcoin.
The production capacity follows the electricity price, and the mining machine is remote to overseas
. Power consumption is the maximum cost of digging Bitcoin. According to statistics, as of the end of 2017, the demand for mining electricity in Bitcoin in the world has risen to 20.5 Taiwa time, which is equivalent to 0.13%of the global total power consumption, exceeding the annual electricity consumption of more than 159 countries. Therefore, where the electricity price is cheap, Bitcoin mining capacity flows.
In addition, Huang Zhen, director of the Institute of Financial Law of the Central University of Finance and Economics, believes that the tightening of regulatory policies has also led to some "mine" to move overseas.
Huang Zhen said that the "mining" industry has found, investigated, and even interviewed some companies. In the case that "mining" wasted a large amount of energy and did not create a greater value to the real economy, some places had hoped that the "mine" was relocated, so some "mine" had moved overseas.
At present, Malaysia, Kyrgyzstan, Belarus, and even Canada, and Iceland are all active Chinese miners.
C supervision direction to determine the price trend
but internationally, the life of Bitcoin is not good. The US Financial Stability Supervision Commission has established a working group for virtual currency such as Bitcoin to evaluate the negative impacts it may bring. The European Securities and Market Administration also said that it is studying whether digital currency is a financial instrument within the scope of supervision. In addition, financial regulatory authorities such as South Korea and India have also strengthened regulatory efforts.
Huang Zhen believes that the direction of regulatory policies will have a significant impact on the development of Bitcoin. After the policies of various countries are introduced, especially if the G20 can coordinate these developed countries to introduce a unified regulatory policy, the price trend of Bitcoin and the industries in the upstream and downstream will have a clearer expectation.