The mining business has been liquidated and 99’s revenue has been affected. What should Lotto Interactive Entertainment and Bit Mining do?

First of all, I personally do not support Bitcoin mining. Secondly, I also think that there is really no need to continue Bitcoin mining in China.

Although many people have repeatedly advocated the value of Bitcoin, based on the current actual situation, the value generated by Bitcoin itself is nothing more than a so-called financial indicator value. Behind the mining and trading of Bitcoin, countless energy is wasted. I think mining Bitcoin is a very unclean way of consuming energy.

Many Bitcoin mining operations are currently forced to shut down.

This incident first occurred in the Qinghai area, and eventually a large number of Bitcoin mines in Sichuan were closed. After this incident happened, the entire other currency mining industry was severely hit in the country. At present, domestic miners are basically at a standstill, and the mining factories in Sichuan have been forced to withdraw. We know that Bitcoin mining itself has a certain degree of difficulty. People who mine Bitcoin now are specialized mines, and the energy pollution and waste in these mines is very serious.

Some people may use Bitcoin’s computing power as an argument.

This statement is a bit puzzling. Some people will think that Bitcoin’s computing power is very valuable in China, and they will feel that we have forcibly pushed out Bitcoin’s computing power. But in my personal opinion, we would rather not have these computing power here, and there is no need to forcibly damage our power and environmental resources because of Bitcoin. We need to know that Sichuan Bitcoin mines consume 80 billion kilowatt-hours of electricity a year, and the Three Gorges Dam generates only about 100 billion electricity this year.

Many mining companies can only choose to relocate.

With regard to our current power environment, many mining companies are no longer able to gain a foothold in the country. They can only choose to continue to operate by relocating overseas. This situation has no impact on us ordinary people, because they themselves are industries that are parasitic on our power system. So I think there is no need to overly discuss their problems and let them fend for themselves.