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Inner Mongolia plans to shut down all virtual currency mining projects. what do you think?
The news that Inner Mongolia plans to shut down all virtual currency mining projects has attracted many people's attention and won a lot of applause. In my opinion, this measure is actually very good, because virtual currency mining projects need too much energy, virtual currency mining can not stimulate the economy, and the rise of virtual currency mining projects is not a good thing. Therefore, I personally support this measure.

First, the virtual coin mining project needs to consume too much energy.

At present, the mainstream virtual coin mining needs mining machines. Generally, a mine will be equipped with several graphics cards and other auxiliary hardware. In the case of complete functions, the daily power consumption of a mining machine is very amazing. Moreover, a mine basically has dozens or even hundreds of mining machines. In this case, the daily energy consumption of a virtual coin mining project is shocking enough.

Second, virtual coin mining can't stimulate the economy.

Virtual coin mining not only consumes a lot of energy, but also can not play a role in stimulating the economy. This is because virtual coin mining only needs a string of digital characters in the virtual network to make profits, and it can't convert energy into other products that can be easily circulated. Therefore, from this perspective, the virtual coin mining project has hardly contributed to the local economy except increasing the local electricity bill.

Third, the rise of virtual currency mining is not a good thing.

In addition, the reason why virtual currency attracts people's attention now is mainly because of its high price, which makes people feel profitable and wants to share a piece of it. But in fact, the prices of virtual coins are almost all speculated, and these virtual coins themselves have no value. In other words, the mining project itself has great risks. So in my opinion, it is not a good thing that more and more people are involved in the virtual currency mining industry.

Generally speaking, I personally support this decision and hope other provinces can follow suit.