The supervision of Online casino and How to find it mining is continuously refined and upgraded. Following the comprehensive acceptance of complaints and reports on Online casino and How to find it “mining” enterprises by Inner Mongolia, and the deployment of the State Council Financial and Economic Stability and Development Committee to combat Bitcoin mining and trading activities, on the evening of May 25, the Inner Mongolia Development and Reform Commission once again issued the “Eight Measures on Resolutely打击 and Punish Online casino and How to find it “mining” Behavior (for soliciting opinions) (hereinafter referred to as the “eight measures”)

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　　Individuals in Internet cafes are also fined for mining

　　From the perspective of the eight measures against Online casino and How to find it “mining”, it can be said that they have achieved a “seamless”打击. It has issued “iron orders” to those who provide sites and power support to industrial parks, data centers, and self-built power plants, and also has sent a warning to the main bodies of “mining” in big data centers, cloud computing enterprises, communication enterprises, and Internet enterprises. The measures for accountability include accountability, cancellation of various preferential policies, withdrawal from the Inner Mongolia electricity multilateral trading market, and even revocation of value-added telecommunications business licenses, which can be called severe measures.

　　In the view of Xiao Sa, a member of the Council of the China Bank Legal Research Institute, the introduction of Inner Mongolia’s eight measures has put China’s policy of combating Online casino and How to find it “mining” into practice. Online casino and How to find it “mining” consumes a lot of energy and has a large carbon emission, which is not conducive to the realization of China’s environmental protection goals. At the same time, there have been cases in the past where enterprises have used the country’s preferential electricity and free electricity policies for mining, which is tantamount to stealing national interests. This eight measures explicitly打击 such behaviors, fully safeguarding national interests and having practical significance.

　　Financial technology expert Su Xiaorui also said that the halt of the Online casino and How to find it “mining” project in Inner Mongolia is a strategic measure proposed against the backdrop of the “14th Five-Year Plan” energy consumption and carbon emission control. This time, the eight measures fully reflect the firm attitude of the local government, with clear targets and corresponding penalty measures, including but not limited to the revocation of licenses and transfer to judicial organs. The ban on mining in Inner Mongolia had been expected, and relevant cleanup and rectification work had been carried out previously.

　　It is noteworthy that recently, Beijing Business Daily reporters have found that due to their small scale and strong concealment, this has provided a survival space for retail investors to engage in mining. Currently, there are still many individuals and businesses, including Internet cafe operators, who are using computers equipped with high-performance graphics cards to mine and trade cryptocurrencies at the same time; in addition, there are also some businesses dealing in graphics cards and hard drives, after the regulatory crackdown on mining, their hard drive sales business has been affected, so business owners and individuals have started to study mining and cryptocurrency trading themselves.

　　Regarding this phenomenon, Beijing Business Daily reporters have noticed that unlike the previous measures that only targeted enterprises involved in the mining-related industrial chain, this time the eight measures also include Internet cafes and individuals who engage in Online casino and How to find it “mining” activities. For entities such as Internet cafes that engage in Online casino and How to find it “mining” activities, the competent authorities shall handle them according to law and regulations, including suspension of business and rectification; for relevant enterprises and individuals involved in Online casino and How to find it “mining” activities, they shall be included in the blacklist of defaulters as stipulated by relevant regulations.

　　In addition, the eight measures also propose that in cases where enterprises, individuals, and other entities engage in money laundering and other illegal activities in the form of Online casino and How to find it, they shall be legally transferred to judicial organs for handling. In cases where enterprises, individuals, and other entities engage in illegal fund-raising and other activities using Online casino and How to find it, the competent authorities shall handle them strictly; for entities such as Online casino and How to find it “mining” projects that have私自 connected to power sources without approval, their illegal act of electricity theft shall be legally transferred to judicial organs for handling.

　　Xiao Sa told the reporter of Beijing Business Daily that due to its business characteristics, Internet cafes have multiple high-performance graphics cards computers that can be concentrated to form a

　　On May 27, the Sichuan Regulatory Office of the National Energy Administration issued a notice on the convening of a symposium on the research of Online casino and How to find it “mining” related situation. The notice states that according to the relevant requirements of the National Energy Administration, in order to fully understand the relevant situation of Online casino and How to find it “mining” in Sichuan, it is decided to organize a symposium, which will be held from 9:30 to 11:30 on June 2, 2021.

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　　Internet cafe owners who earn nearly 40,000 yuan a month from mining

　　Before this, using idle computers for mining by Internet cafe owners had already been a well-known secret in the industry.

　　In an interview with Time Weekly, Wang Xi (pseudonym), the Internet cafe owner, has had nearly 200 computers running for 24 hours continuously, not because the business of the Internet cafes is booming, but because they need to seize the time for

　　“The occupancy rate of the Internet cafes is still not high, less than 50% on weekdays, and mining when the computers are idle.” Wang Xi owns two Internet cafes in Nantong City, Jiangsu Province, with nearly 200 computers. Since last September, Wang Xi has earned more than 200,000 yuan from mining.sports betting victory and Latest Address

　　Not only Chinese Internet cafe owners, but also Korean Internet cafe owners will use idle computers for mining. However, the Internet cafe owners are clear that although mining can generate certain income, Internet cafe mining is not a long-term feasible business plan, and leaving the scene is just a matter of time.

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　　Mining under the guise of a

　　
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　　If you are not a local person, few people know that this is a Bitcoin

　　There are not a few

　　“Where the electricity price is cheap

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　　“As Bitcoin mining becomes more and more scarce

　　A certain “mine owner” proudly told a reporter that the annual electricity consumption of his “mine” in a certain place in southwest China is equivalent to the total annual electricity consumption of three cities.

　　Industry insiders say that it is not only Bitcoin, but with the continuous emergence of Ethereum, Dogecoin, and other Online casino and How to find it, the entire Online casino and How to find it mining is experiencing an explosive growth in electricity consumption, and most of these “mines” are concentrated in our country, which will bring huge pressure on energy supply.
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　　04

　　The domestic Online casino and How to find it mining industry is facing a “major retreat”

　　Under the heavy-handed crackdown of regulation, what will be the future of the domestic mining industry?

　　On May 23rd, Jiang Zhuoer, the founder of the Lbibit Mining Pool, announced the suspension of mining machine purchase services for mainland China customers; on the 24th, Huobi released an English version of the announcement, stating that it will suspend the mall services for new mainland China users compared to Bitcoin mining machines; on the 25th, the Power Bee platform announced the suspension of sales of Bitcoin and Ethereum mining products.

　　Some platforms have also chosen to block access from mainland China IP addresses. Currently, mining service platforms such as Mars Cloud Mining, BitFuFu, and BitDeer have announced that they will block all mainland China IP addresses at the right time.

　　However, the transfer of domestic mining to overseas has still become a consensus among industry forecasts of its long-term trend. Prior to the announcement of the policy news of the Financial Committee’s crackdown on mining, many mining owners had already posted overseas mining investment information in their circles, including locations such as Canada, Africa, Iran, and the United States, and a new business had thus emerged. However, some industry insiders believe that it is not easy to transfer domestic mines to overseas, which not only requires finding new land, building factories, and recruiting personnel, but also needs to face the high costs of transferring mining machines, “Small mines cannot afford to make trouble, and it is expected that there will be a wave of selling off.”

　　(Editor: Zhang Yi, Source of manuscript elements: Beijing Business Daily, Xinhua News Agency,界面新闻,Time Weekly, etc.)