The development of digital economy must be the future. From the day when blockchain was born, the real economy has been given an opportunity and a chance to be reshaped. The representative of overcapacity is the lack of planning and data support. Human health can also be effectively developed according to the digital transformation. Money is the first core driving force of mankind. From the mining, we can clearly know that without Bitcoin and other POW mining, the chip and artificial intelligence industries will not come so quickly. Why? Few people go to segment and understand one thing. POW promotes the development of science and technology. What will happen from the perspective of mining machines? The large-scale adoption of chips can promote the iteration of chip technology. The purchase of a large number of mining machines means a large number of chip purchases. A large number of purchases bring a large amount of funds, which can promote a large number of chip iterations and research and development. Why can SMIC process Kirin, why can NVIDIA have so much money in just a few years, and the subsequent graphics card production has made a qualitative leap. The current digital industry is a wild growth. There are so many useful and useless things, which one is worth holding? Few people think about how the digital economy should be combined with the entity. How to set the economic model. The fourth industrial revolution has begun, but the investment of the real rich has become speculation. Most people are in a state of panic, because no one can recite all the legal provisions. No matter how good a person's memory is, it cannot suppress the fear of the unknown. Because there are too many unknowns in front of us.
I spent a year to understand the legal process of Bitcoin mining. The final result is that it is not illegal at all, but compliance is lacking. Let's take a look at the history of mining. When Bitcoin mining started in 2017, many people who participated in it were stealing electricity. At that time, many rural areas stole electricity. The most obvious thing around me was the local power company. One line lost 4 solar electricity bills a month. The most direct manifestation was that the lights at home flickered and the air conditioner could not be turned on. Because it affected people's livelihood, the National Development and Reform Commission abandoned mining in 2018. Later, many people around me were sentenced for stealing electricity. Although mining was listed as an obsolete industry in 2018, it did not affect Bitcoin mining. Most miners chose the water resources in Yunnan, Guizhou and Sichuan to mine Bitcoin. In 2019, the National Development and Reform Commission removed Bitcoin mining from the obsolete industry again? Because at that time, miners chose hydropower stations to allow state-owned electricity to obtain a virtuous cycle, so it was released. So why did it start to be cleared again in 2021? Many people have not studied this issue. Bitcoin has created wealth, but it has affected people's livelihood in 2021? Why? Later, when I was investigating, I found the problem. Yunnan, Guizhou and Sichuan are rich in water resources, but the overall power dispatch is unbalanced. Because in the process of dispatching electricity by the overall dispatching company, it was found that the mining industry developed too fast, and most of the electricity was used to mine Bitcoin. The dispatch of people's livelihood electricity was unbalanced, so it affected people's livelihood electricity. The dispatch weight in the power sector is very large, so they have the most say. The Development and Reform Commission will make some measures in conjunction with the opinions on power dispatch. In 2023, I went to the Development and Reform Commissions of various places many times, and they all told me the same thing: Is it illegal to do Bitcoin? It is not illegal, but the use of electricity violates the Electricity Law. I learned that there is such a thing as the Electricity Law in China. As long as the electricity you use is State Grid Electricity, there will be no problems with the relevant departments. It can be carried out in compliance with the law. If you still go to the power source power station to use electricity like in 2021, it is both illegal and non-compliant.
At present, domestic electricity prices are cheaper than foreign electricity prices. Many people do not understand this because I have built mines in Laos, Thailand, Nigeria, Kazakhstan and other countries before. The electricity fee in Thailandâs industrial zone is RMB 0.65, and in Laos it is 0.695 cents, plus taxes it is about RMB 0.58. The electricity in Kazakhstan is the cheapest at around 0.3 yuan, but because..., it is difficult for people with shallow roots to settle down there. The electricity fee in Nigeria is 0.35 yuan, but the environment is poor and the electricity is unstable. Domestic regular and legal electricity is cheaper and more stable than foreign electricity.
What will the future digital assets become if they are combined with the real economy? Production will be balanced, and it will be continuously iterated according to the supply and demand relationship, rather than looking for customers with excess capacity. People's needs will all be met according to the app, and manufacturers will have the corresponding data to maximize the rationalization of production and iteration. The collapse of the economy is caused by inaccurate data. How many socks should I produce without causing waste and inventory backlogs? Without data support, you will definitely not be able to be accurate. How can the company's production be connected with digitalization? This is a bright continent that we should think about.
