Price plunge, investors hold up
Yesterday (2), bitcoin fell again, falling below the 8000 dollar mark. In January this year, the bitcoin fell to 30%, compared with a peak of $20 thousand in December last year, and has fallen nearly 57%.
Although the price plunge has made many people "heart dripping", one investor told reporters that in his circle, there were not many people who chose to leave the field. He said: "some investors have been stuck, they want to flesh out, but also feel loss, so very helpless. I personally think this kind of rise and fall is very normal, and the Spring Festival will still go back. "
Crazy mining machine, at the end of the feast
Bitcoin is based on a set of cryptographic codes, generated by a complex algorithm, and anyone can download and run the bitcoin client and participate in the manufacture of bitcoins. For special computer equipment earn bitcoin, known as "mining machine".
Ben Cong, the founder of the bitcoin, set a total of 21 million supplies for bitcoin. At present, about 80% or about 16800000 bitcoins have been dug out by "miners" from all over the world to enter the market. This also means that, now the world's "mining machine in snatch last 20%, which is 4 million 200 thousand bitcoins.
Along with the capacity price go, moved far away overseas mining machine
Power consumption is the biggest cost of mining bitcoins. According to statistics, as of the end of 2017, the global bitcoin mining demand rose to 20.5 terawatts, which is equivalent to the global total power consumption of 0.13%, more than 159 countries, the annual electricity consumption. So, where electricity is cheap, bitcoin mining capacity will flow to where.
In addition, Huang Zhen, director of the Institute of financial law, Central University of Finance and Economics, believes that the tightening of regulatory policy has also led to the relocation of some "mines" abroad.
Huang Zhen said, "for the mining industry, the relevant departments carried out, investigation, even for some enterprises also conducted interviews. In the "mining" waste a lot of energy, and not to create greater value for the real economy situation, some places have to "mine" relocation, so some "mine" have been moved overseas.
At present, Malaysia, Kyrgyzstan, Belarus and even Canada and Iceland are all active in the Chinese mine owners.
The direction of supervision determines the price trend
But on the international scale, the days of bitcoin are not so good. The US financial stability Regulatory Commission has set up a working group on virtual currencies such as bitcoin to assess the possible negative effects. The European Securities and market administration also said it is studying whether digital money is a financial instrument within the scope of the regulation. In addition, South Korea, India and other financial supervision departments also strengthen supervision.
Huang Zhen believes that the trend of regulatory policy will have a significant impact on the development of special currency. After the policies of various countries, especially if G20 can coordinate these developed countries' uniform regulatory policies, the price trend of bitcoin and the upstream and downstream industries will have a clearer expectation.