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How is bitcoin mining going to be eliminated? What does it mean that bitcoin mining will be eliminat

How is bitcoin mining going to be eliminated? What does bitcoin mining mean? Many friends don't know. Let's take a look with Xiaobian.

What's going on with the elimination of bitcoin mining? What does it mean that bitcoin mining will be eliminated

On April 8, the national development and Reform Commission disclosed the guidance catalogue for industrial structure adjustment (2019 version, draft for comments) (hereinafter referred to as the Industrial Catalogue), which is the first new revised version since 2011. The industry catalog includes three categories of industries, namely, encouraged, restricted and eliminated industries. It is worth noting that the virtual currency mining, which was previously required by the policy to be gradually eliminated, is also included in the eliminated industries and is listed in the column of backward production technology and equipment.

Mining is a process of virtual currency production, which is actually a process of solving problems through equipment investment. In this process, a large amount of electricity is consumed, so before, virtual currency mines were mostly deployed in Sichuan, Inner Mongolia, Yunnan and other power rich regions in China.

According to the information disclosed by the national development and Reform Commission, the elimination categories are mainly backward processes, technologies, equipment and products that do not comply with the relevant laws and regulations, do not have the conditions for safe production, seriously waste resources and pollute the environment, and need to be eliminated.

What's going on with the elimination of bitcoin mining? What does it mean that bitcoin mining will be eliminated

In addition, the category of encouragement mainly refers to the technology, equipment, products and industries that play an important role in promoting economic and social development and are conducive to meeting the people's needs for a better life and promoting high-quality development; the category of restriction mainly refers to the production capacity, technology, equipment and products that are backward in technology and do not meet the industry access conditions and relevant regulations, and are prohibited from new construction and expansion and need to be supervised and reformed; Emerging technologies such as artificial intelligence and Internet of things are included in the encouraged industries.

The Guiding Catalogue of industrial structure adjustment is an important supporting policy of the Interim Provisions on promoting industrial structure adjustment promulgated in 2005. In 2005, the national development and Reform Commission promulgated the first guiding catalogue of industrial structure adjustment (2005 Edition); In 2011, the guidance catalogue of industrial structure adjustment (2011 Edition) was issued, which has been adjusted several times since 2011, but no new version has been issued until this time.

According to the information disclosed by the national development and Reform Commission, the orientation of the revision of the industrial catalogue is to focus on the real economy, promote the integration of primary, secondary and tertiary industries in rural areas, and promote the revitalization of rural areas; In line with the new round of world scientific and technological revolution and industrial change, we should support the optimization and upgrading of traditional industries, accelerate the development of advanced manufacturing and modern service industries, promote the digitalization, networking and intelligent upgrading of manufacturing industries, promote the deep integration of advanced manufacturing and modern service industries, and vigorously eliminate ineffective supply by means of marketization and legalization.