On January 10, the National Development and Reform Commission issued a decision on amending the Catalogue for the Guidance of Industrial Structure Adjustment (2019 Version): adding "virtual currency 'mining' activities" to the elimination categories of "I. Backward Production Process Equipment" and "(XVIII) Others". This means that at the domestic policy level, "mining" activities are included in the elimination of industries and sentenced to death.
For mining, DIY players are certainly not strangers. The rise of virtual currency prices in the past few years has led to a surge in graphics card prices, and people from all walks of life have joined the mining army. This also makes users who are ready to buy high-performance computers complain, and the epidemic is coming, and the shortage of chips has exacerbated this situation.
Of course, from the perspective of the computing power of the whole network, the crowd of graphics card mining can only be regarded as a small fight, and the main computing power is still those professional mining machines. In the case of Bitcoin, mining with a graphics card is basically insufficient. In the entire mining industry, the main costs are in the purchase of mining equipment and electricity bills. In the past few years, many mining machines have been arranged in some western regions where electricity charges are relatively low in China, which is the reason.
The virtual currency represented by Bitcoin, in practical applications, has advantages in scarcity and cryptographic characteristics. However, the decentralized nature of cryptocurrencies makes it easy for cryptocurrencies to be used by criminals and become a funding channel for criminal activities such as money laundering and smuggling.
Moreover, whether it is a mining machine or a graphics card mining, it is essentially "inner volume" in computing power, which will not produce actual value, but is actually a huge waste of resources such as networks, chips, and electricity. The generation and trading of virtual currencies are unregulated, and it is easy to form scams and wealth harvesting for ordinary users.
In fact, the domestic regulatory authorities have previously expressed their position and taken measures against cryptocurrencies, including banning "mining farms" and prohibiting financial institutions from providing capital channels for cryptocurrency transactions. At present, domestic bank cards, Alipay WeChat accounts, etc., cannot participate in cryptocurrency transactions. At the same time, a number of large cryptocurrency trading platforms have withdrawn from the Chinese market.
However, in the global market, the frenzy of trading speculators on cryptocurrencies will not subside for a while and a half, and the price of Bitcoin is still at a high level. As an ordinary consumer or DIY player, it is estimated that you can't buy the original high-performance graphics card for the time being.