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How much electricity does it cost to mine a bitcoin?

Original title: in order to dig bitcoin, aunt stole tens of thousands of degrees of electricity and was sentenced to four months! 4hw.com.cn: since the birth of bitcoin, bitcoin has experienced ups and downs. In 2010, bitcoin fell to 10000. Bitcoin is only enough to buy two pizzas. Recently, it was reported that the price of bitcoin doubled in two months. On May 12, the price of bitcoin soared all the way, reaching a year high of $7448. Therefore, the story about bitcoin is still on. Recently, the topic of aunt stealing bitcoin has been on the hot search again. What's going on? Let's have a look.

In 2010, a programmer bought two pizzas (worth $25) with 10000 bitcoin, which is the earliest transaction record of bitcoin. According to the transaction, a bitcoin is worth only 0.0025 cents.

According to the market situation of coinmarketcap.com, the current unit price of bitcoin is about $7900. According to the current price, this batch of bitcoin is worth about $79 million, up 3.16 million times. Especially in December 2017, the unit price of bitcoin hit a high of nearly $20000, and the hot market attracted all kinds of 'gold diggers'. More people are willing to defy the law.

Recently, China referee document network released such a case. A Tangshan woman surnamed Chang, born in 1958, stole 17277.6 kwh of electricity and made an illegal profit of 6500 yuan from January 11 to October 2, 2018 in order to run bitcoin mining machine 'mining'.

After public security investigation, the case has been solved. In the first instance judgment of Tangshan Kaiping District People's court, the defendant Chang Guifeng committed theft and was sentenced to criminal detention for four months and fined 10000 yuan.

Stealing tens of thousands of degrees of electricity in 10 months

Recently, the people's Court of Kaiping District, Tangshan City, Hebei Province published a criminal judgment of first instance on Chang Guifeng's theft.

The verdict shows that the defendant Chang Guifeng, female, born in October 28, 1958, Han Chinese, was born in Tangshan City, junior high school culture, unemployed, registered residence and arrested in Tangshan City. He was criminally detained by Kaiping branch of Tangshan Public Security Bureau on October 2, 2018 on suspicion of theft. On October 15 of the same year, he was arrested with the approval of Kaiping District People's Procuratorate of Tangshan City, and was arrested by Kaiping branch of Tangshan Public Security Bureau on the same day.

Tangshan Kaiping District People's Procuratorate accused the defendant Chang Guifeng of theft and filed a public prosecution with the Kaiping District People's Court of Tangshan City, Hebei Province on January 2, 2019.

Tangshan Kaiping District People's Procuratorate accused the defendant Chang Guifeng of stealing national power resources by connecting private lines in Chang Bingwu (Chang Guifeng's father, deceased) hospital, No. 43, Dongxinzhuang, Shangcun, Kaiping District, Tangshan from January 11 to October 2, 2018, and stealing electricity to operate the four bitcoin mining machines placed in the inverted Westinghouse of the hospital. Some bitcoins had been sold before the incident, The illegal profit is 6500 yuan. According to the accounting of Tangshan power supply company of State Grid Jibei Electric Power Co., Ltd., Chang Guifeng stole 17277.6 kWh (1000 KWH), with an identified value of 8984.35 yuan.

The defendant Chang Guifeng was summoned to the case by the public security organ on October 2, 2018, truthfully confessed to the above criminal facts, and returned 8984.35 yuan for stealing electricity on December 26 of the same year. In response to the above allegations, the defendant Chang Guifeng had no opinion on the charges of the public prosecution. In court, he expressed his willingness to return the illegal gains and pleaded guilty.

The people's Court of Kaiping District, Tangshan City, Hebei Province held that the criminal facts and charges charged by the public prosecution organ were established. The relatives of the defendant Chang Guifeng actively returned the economic losses and illegal gains, showed repentance, and may be given a lighter punishment as appropriate. After being orally summoned to the case, the defendant Chang Guifeng truthfully confessed the facts of the crime. He has confessed and may be given a lighter punishment according to law. According to the relevant provisions of the criminal law of the people's Republic of China, the judgment is as follows:

1、 The defendant Chang Guifeng committed theft and was sentenced to criminal detention for four months and fined 10000 yuan. 2、 Chang Guifeng, the defendant detained by the public security organ, stole electricity and confiscated four bitcoin mining machines, one voltage regulator and one mobile phone. 3、 The defendant Chang Guifeng refunded 8984.35 yuan of electricity theft to Tangshan power supply company of State Grid Jibei Power Co., Ltd; The illegal income of 6500 yuan returned by the defendant Chang Guifeng shall be confiscated and turned over to the State Treasury (paid).

A single bitcoin consumes nearly 40000 kwh

'mining 'is the process of' mining 'virtual currency. It uses special' computing equipment 'to input computing power to' solve problems', which requires a lot of power in this process.

In fact, on April 8 this year, the national development and Reform Commission issued a public announcement on Soliciting Opinions on the Guiding Catalogue for industrial structure adjustment (2019 version, draft for comments). The draft clearly shows that the 'mining' activities of virtual currency (the production process of virtual currencies such as bitcoin) are among the eliminated industries.

So, how much power does the bitcoin network consume? How high is the cost of mining a bitcoin?

In this regard, the reporter of daily economic news (wechat: nbdnews) interviewed Pu Songtao, head of China Electronic Information Industry Development Research Institute and CCID global public chain technology evaluation. Pu Songtao told the daily economic news (wechat: nbdnews): 'because bitcoin is based on workload proof, it is related to computing power. To have computing power, you have to consume electricity, so its power consumption is very large. It is precisely because of such a large power consumption that we can ensure the safe and stable operation of the bitcoin system. "

"According to the data of btc.com website, up to now, the computing power of the whole bitcoin network is about 51.65 eh / s. generally speaking, this is equivalent to 1.84 million bitcontinent S15 (computing power 28T, power 1596w) mining machines in operation, and the power consumption is about 69.92 million kwh a day. Divided by the current daily output of 1800 bitcoin, excluding other costs, each bitcoin consumes 38800 kwh of electricity. "

Thus, although bitcoin is expensive at present, the cost of mining a bitcoin is not low at all.