ELECTRIC, WITH AN EDGE
ELECTRIC, WITH AN EDGE
Blockchain is mined by mining machines. These mining machines generally use the computing power brought by the graphics card, and the other is to consume a lot of electricity. Choosing the right transformer is the good way to save your money . it can can favorably support your Blockchain Mining power.
According to the size of the crypto farm, you can choose 750kva transformer, 1250kva transformer, 1600kva transformer, 2000kva transformer, 3500kva transformer, 3750kva transformer, 5000 kva transformer
According to the type of transformer, the main types of transformers that conform to the Blockchain farm are pad mounted transformer and mini substation transformer.
Blockchain is a new application model of computer technology such as distributed data storage, point-to-point transmission, consensus mechanism, encryption algorithm, etc., of which Blockchain is an important concept.
Blockchain mining is a mathematical operation for the blockchain network through computer hardware.
In the process, Blockchain mining starts with low-cost hardware such as CPU or GPU. By optimizing the operation of the hash algorithm, it seizes the right to account for data blocks and obtains blockchain rewards.
The digital currency represented by Blockchain is actually the product of the “hard work” of the mining machine’s computing power under the support of electricity.
Blockchain is a decentralized Crypto that integrates existing computer network technologies such as encrypted computing, consensus mechanism, point-to-point transmission, and distributed data storage.
On this basis, the proof of work is used to perfectly overcome the Byzantine problem of the decentralized system.
After the emergence of blockchain technology was widely defined as the underlying technology of blockchain.
It can be said that blockchain technology was born out of blockchain, and while the blockchain market and even the global Crypto market have suffered setbacks recently, blockchain technology is still the object of discussion among major research institutions.
Its applications continue to expand, from initially only used for the operation of cryptocurrencies, to later Internet of Things, social communication, file storage, supply chain finance, e-commerce, logistics tracking, identity verification, securities trading, equity crowdfunding, smart contracts, etc. multiple fields
The blockchain system uses blockchain as the underlying technology, and builds a distributed general ledger network through P2P technology; ensures the security of transactions through computer encryption and network signature technology;
And solves the Byzantine problem of decentralized networks through workload proof.
At the same time, due to the sharp fluctuations in the value of blockchain , there are few payment scenarios for commodity purchases, and there is a lack of regulation and supervision and is excluded from the definition of currency by most scholars.blockchain
There are also many defects in the blockchain network.
First, the blockchain distributed ledger always faces a “51% computing power attack”;
Second, the proof-of-work used in blockchain mining can easily cause a lot of energy waste;
Third, the transaction throughput of the blockchain system is limited, and the transaction confirmation time is too long;
Fourth, the price of blockchain fluctuates violently, and it is easily affected by external factors to generate bubbles.blockchain
Cryptocurrencies such as blockchain are circulated in global markets.
But central banks around the world have different policies towards it.
Next, I will tell you in detail about the policies of various regions on cryptocurrencies, and provide a reference for the location of your encrypted mining farms.
| Nation | blockchain trading | blockchain ICOs | Are there regulations |
| China | prohibit | prohibit | no |
| Japan | allow | allow | Yes |
| South Korea | prohibit | prohibit | Yes |
| Thailand | Supervision | Supervision | Yes |
| Singapore | undecided | undecided | Yes |
| India | value | prohibit | Yes |
| Iran | value | undecided | no |
| USA | undecided | undecided | no |
| Israel | undecided | undecided | no |
| Australia | Supervision | Supervision | Yes |
| new Zealand | undecided | undecided | Yes |
| UK | undecided | undecided | no |
| France | undecided | Supervision | Yes |
| Germany | undecided | undecided | no |
| Russia | Supervision | Supervision | Yes |
| Switzerland | undecided | undecided | no |
| Italy | undecided | undecided | Yes |
| Spain | undecided | undecided | no |
| America | Supervision | Supervision | no |
| Canada | Supervision | undecided | no |
| Mexico | undecided | prohibit | Yes |
| Brazil | undecided | undecided | no |
| Chile | prohibit | undecided | no |
At present, blockchain is prohibited from trading and mining in China. On September 4, 2017, seven ministries including the People’s Bank of China jointly issued the “Announcement on Preventing the Risk of Token Issuance and Financing”, which pointed out that a large number of ICOs (the first generation of Token issuance) activities are suspected of being illegal, which seriously disrupted the economic and financial order, requiring that all kinds of token issuance activities should be stopped immediately, and China’s digital currency exchanges were also ordered to shut down.
Japan has the most friendly attitude towards blockchain transactions. Japan recognized the legal status of Crypto in the country in the revision of the Funds Settlement Act implemented in April 2017, and implemented listing operations for exchanges. Digital currency trading operations need to hold License granted by the government. At present, there are 16 Japanese exchanges that have obtained legal licenses. According to regulations, these exchanges must pay certain tax items according to their operating profits.
Trading blockchain in South Korea requires a license, and exchanges are regulated like banks. According to South Korean law, ICO financing is illegal, but South Korea has not implemented specific rules, nor has it cleared domestic ICO platforms, and domestic investors can still participate ICO projects and digital currency exchange operations have not been affected.
South Korea’s crypto regulations are tightening around investors and exchanges alike
Crypto trading is a gray area in Singapore. On May 24, 2018, the Monetary Authority of Singapore (MAS) issued a written warning to 8 digital currency exchanges, prohibiting them from trading electronic securities in the form of securities or futures contracts without permission. Token. The new move by the HKMA is to protect Crypto investors by strengthening the supervision of exchanges, and guide the Crypto market towards formal legalization.
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The central bank of India has banned banks from providing services related to Crypto business. On September 12, 2018, the central bank of India (RBI) submitted an affidavit to the Supreme Court of India. In the affidavit, the central bank of India clarified its position on digital currency, According to the current legal system, blockchain and its ilk cannot be recognized.
India might tighten crypto rules instead of imposing an outright ban, crypto exchange boss says
The European Commission has been discussing the details of the regulation. The European Securities and Markets Authority, which is tasked with coordinating regulatory standards across member states, suggested that individual investors should be banned from trading in financial derivatives involving cryptocurrencies.
The other side is also evaluating how the EU’s new regulation, the Markets in Financial Instruments Directive, will apply to virtual assets.
New regulations will also be enacted, restricting the use of sovereign currencies for platforms that conduct Crypto transactions to verify customer identities.
The European Securities and Markets Authority (ESMA) also recently issued an announcement strengthening the CFD regulations for virtual currencies.
The EU has also recently introduced the Anti-Money Laundering Regulation (AML) for cryptocurrencies, which is the fifth anti-money laundering regulation implemented by the EU to detect, investigate and prevent financial crimes in this area. ) to obtain digital currency wallet information and record the owner of the Crypto address.
Although the UK has not yet made a clear statement on regulating cryptocurrencies, it has been actively promoting the implementation of regulation. In April 2018, the UK Financial Conduct Authority FCA announced that companies providing services related to Crypto derivatives must comply with all relevant regulations in the FCA manual, otherwise they will face enforcement measures. Therefore, trading activities related to the issuance of tokens through ICO and the provision of advice or other services require the FCA’s review authorization, including Crypto options, Crypto futures and Crypto CFD contracts.
Digital currency trading in Germany is allowed but requires a listing. German regulators want a case-by-case approach to cryptocurrencies. Review ICO token offerings on a case-by-case basis to determine what legal framework applies. The current German federal agency advises the relevant authorities to refer to the regulations applicable to traditional financial instruments and to comply with the current legal regulations.
French regulators said that crypto-related derivatives online service platforms need to follow more stringent reporting mechanisms and business guidelines. The French government has decided to treat virtual currency as “liquid assets” and reduce the tax rate for individual traders of virtual currency. This measure reduces the loss of income for individual traders by 50%, while the tax point for virtual currency companies has not been lowered. In terms of ICO regulation, the French financial market regulator AMF announced that it is preparing to introduce legislation on ICOs to encourage new types of financing activities in the country.
France Tightens blockchain Regulations as of June 2021. Here’s Our Guide to Staying Compliant
The Swiss Financial Market Supervisory Authority (FINMA) published ICO guidelines in February 2018, which were developed to increase transparency for ICOs. The regulator has announced that it will review ongoing ICOs in the country for compliance with published ICO regulations. It is unclear whether FINMA will be inclined to take that action against violating platforms.
Russia’s Federal Financial Monitoring Service (FFMS) claims that Crypto trading platforms must comply with the provisions of the Russian Federation’s laws on anti-terrorist and anti-money laundering financing, otherwise their business licenses will be cancelled. Although Russia announced a complete ban on blockchain in February 2014, the Russian Federal Tax Service declared blockchain “not illegal” in November 2016.
Russian Federation: New Bill Defines blockchain, Proposes Tax Regulations
While U.S. states have different regulations on cryptocurrencies, they have generally become stricter in recent years. The U.S. Commodity Futures Trading Commission (CFTC) regards blockchain as a commodity, and claims that its regulatory objects include manipulation and fraud involving blockchain in intercontinental trade, as well as commodity futures transactions directly linked to blockchain .
The Canadian government issued new draft regulations for digital currency exchanges and payment processing providers in June 2017. The draft treats digital currency exchanges and payment processing providers as money services business lines (MSBs), requiring them to report large-value transactions over C$10,000 ($7,700).
Australia does not explicitly ban Crypto exchanges and ICOs, but its officials say it will impose stricter regulations on ICOs. The country’s regulator said it would highlight a ban on ICOs that mislead or deceive investors.
Blockchain & blockchain Laws and Regulations 2022 | Australia
The pad mounted transformer is a complete set of power distribution device which is a combination of high voltage switchgear, power transformer and low voltage switchgear, power factor compensation device and electricity metering device.
It has the advantages of reducing comprehensive investment (such as civil construction), reducing maintenance costs, small footprint, and short on-site installation time.
The pad mounted transformer means that the equipment of the substation is installed in a container with the appearance of a “box”, with no walls, no houses, no cables, no structure, and the construction of the substation is factory-like.
Pad-mounted transformer is a unified design of transformer core, high-voltage load switch, protective fuse, and other equipment, placed in the same oil-filled iron box, so the volume is small.
In the construction of crypto farms, pad-mounted transformers are widely used, which not only reduces engineering investment and floor space but also shortens construction period and maintenance costs.
After the pad-mounted transformer is put into operation, the operation is safe, the reliability is high, and the maintenance is particularly convenient.
Because the pad-mounted transformer is a piece of primary equipment, the selected models are maintenance-free products and do not need periodic overhauls, which enhances the reliability of the power supply to a certain extent and greatly reduces external power outages and equipment maintenance costs.
Because the pad-mounted transformer is designed to be unattended, it has the function of “four remotes”, remote monitoring operations are adopted for power off and power transmission, and it has the function of microcomputer locking device, etc., which can avoid equipment misoperation accidents to the greatest extent, so it is used in crypto farms. widely used.
(1) Small size and compact structure;
(2) Fully sealed and fully insulated structure, no insulation distance is required, and personal safety is reliably protected;
(3) It can be used for both the ring network and the terminal, the conversion is very convenient, and the reliability of the power supply is improved;
(4) Strong overload capacity;
(5) Small loss;
(6) The cable connector can operate a load current of 200A, and can be operated as a load switch in emergency situations, and has the characteristics of an isolation switch, which is convenient and flexible to operate;
(7) Double fuse protection is adopted to reduce operating costs;
(8) Use high flash point oil (fire point up to 312°C), which can be placed in buildings;
(9) The box body adopts anti-corrosion design and special painting treatment, which can be widely used in various harsh environments, such as stormy and highly polluted areas.
ELECTRIC, WITH AN ENGE-- DAELIM BELEFIC
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