As we all know, the state began regulating bitcoin two months ago, and then banned bitcoin mining last month. Why is that? Where are Bitcoin Miners Going? Why can FIL stand out among many digital currencies without any influence? I’m here to break down a few points for you.

Bitcoin, Ethereum and other digital currencies have been banned. Let me break down a few points for you:

Carbon emissions will peak in 2030. Bitcoin, Ethereum uses thermal energy every day in its mining, that is, using fuels like coal to generate electricity, and it uses a lot of electricity.

Nowadays, the country advocates energy conservation and emission reduction. Since Bitcoin consumes electricity, it causes great pollution to the environment. Thermal power generation produces a lot of carbon dioxide, and excessive carbon dioxide will accelerate global warming, accelerate the melting of polar glaciers, shrink the territory of countries in coastal areas, and reduce the living area of human beings. Learn more about GAA (Z18571569707)Bitcoin does not conform to the concept of green environmental protection. After it was liquidated, the global computing power fell by 50%, and the currency entered a bear market. With the strengthening of supervision, the People’s Bank of China issued a notice again solemnly warning relevant institutions within its control not to provide business sites, commercial displays, payment diversion and other services for virtual currency related business activities. Financial institutions and payment institutions within the jurisdiction shall not directly or indirectly provide customers with virtual currency-related services.

Market twists and turns, bitcoin, ethereum, etc. have all been explicitly banned, which is a heavy blow for the miners. And many want to enter the mining face miners, also dare not rush into the field, holding a wait-and-see mentality. Bitcoin cannot be mined, Chia returns to the current cycle is too long, and BZZ does not maintain its popularity, so the online price plummeted more than 90%. As a result, IPFS distributed storage is back in the spotlight, but there are still concerns about whether IPFS will be disabled as well. Will FIL be dug in the end? What is the future value of FIL?

There is no need to worry about the legitimacy of IPFS/Filecoin, as FIL is currently not mentioned in the entire policy. FIL is currently the only currency in physical use, with high late value, policy support, and low energy consumption. The unique guarantee mechanism of FIL and GAS is the biggest cost, and the perfect economic model is also the key factor for the long-term and stable development of the project.

The reason why IPFS attracts the attention of many experts in the field is that the main storage protocol in the world is still the first generation and has not been updated. For example, the current global mobile phone has entered the 5G era, but in the Internet distributed storage or 2G era, its efficiency is relatively low, need to upgrade, and IPFS is the dark horse on this track. Currently, companies involved in the layout of this field, including Tencent, Alibaba, Google, Amazon, etc., are starting to layout, including the Chinese government is also taking the lead to organize the implementation of projects in this field, which shows that it has a good prospect in the future. IPFS/Filecoin is fine, and choosing a legitimate, compliant, tech-savvy company is the biggest issue for investors right now. Learn more about GAA (Z18571569707)Only by choosing a good company can we develop in the long run. None of your business, do things will be successful; Although the road is long, the line will reach! As Filecoin hits prime time, refresh records often, and hopefully you’re no longer a bystander! Filecoin’s unique guarantee mechanism, along with GAS, is the biggest cost for miners today, and the economics are critical to the long-term success of the project. Pay attention to the IPFS layout public