Restrictions on the mining of bitcoin.

Nathan Chan
Nathan Chan

发布于2020-07-15 10:55来源:原创 0 评论 5 点赞

We should say YES to the block-chain technology, but NO to the bitcoin, which is a kind of bubble in a massive market with rare regulations that would cause serious consequences you have no idea when the seemingly prosperous market would crash. You have no choice but to wait to burst. 

The most crucial process of getting a bitcoin is called mining, where new digital coins are created by solving complex mathematical problems, using increasing amounts of computer processing power, and that will turn out to be the big electricity bills. People have gone mad to do everything from hacking computers to grabbing resources for their illegal business. That’s why we restrict more on the mining of bitcoin. 

On the contrary, China, as a front-runner of online business competition, ought to turn a closer eye to the blockchain tech. Make it standardised e-currency, not cards for gambling by the masses.