Mining recognized as a threat to China's energy security. We count how much money goes into the outlet

There are still a couple of months and the "Gold Rush of the 21st Century", as the crypto-currency mining is often called, will turn out to be a year. No, it's not that this phenomenon appeared just a year ago, just around this time, the explosive growth of the rate of crypto-currency has led to the same explosive growth in the number of people wishing to join the high-tech process of their "mining," which provoked a terrible price increase and a shortage of video cards, as well as other specialized equipment.
Throughout this time in different countries around the world, the views on such a new phenomenon as mining have been mixed and often radically opposite - from full approval to a complete ban, and these views continue to change until now. A vivid example in this case is China, where according to various estimates, about 80% of all world's mining capacities are concentrated now. This is not surprising, because it is this country is the largest producer of electronics and in the absence of obstacles on the part of the government it was its citizens who were able to acquire quickly and most importantly all the necessary equipment for this.
Until recently, everything went on relatively well, citizens bought equipment, collected the "farm" first for home use, and shortly after experiencing tremendous benefits began to quickly move to industrial scale by renting entire hangars and concentrating in them huge computing power. As a rule, such "bitcoin mining enterprises" are located in sparsely populated outlying areas of China with relatively inexpensive electricity and a cool climate.

But at the beginning of 2018, an interdepartmental group for studying financial risks under the leadership of the central bank of China is creating a document, some sources called just the Order, which indicates the need to stop mining in the country (creating) bitcoins because of "consuming huge amounts of electricity and heating up speculation by virtual currencies. " One of the measures in this direction can be a direct restriction of electricity supply to the miners.

Here, with great probability it can be assumed that it was the introduction of restrictive measures in China that caused the recent significant drop in the bitcoin rate, but nevertheless the bubble still did not burst and the current rate remains very attractive. In addition, at the end of the year, an unexpected event happened, which entailed a new round of increased demand for video cards, which seemed to have fallen slightly after the "Hot Summer of 2017". The event was a sharp increase in the rate of one of the most popular cryco-currency Ethereum (ETH, ether) after Bitcoin, at its peak, exceeding the $ 1,400 mark. Currently, the rate has fallen a little and on average fluctuates around $ 1000- $ 1100 for 1 ETH.