China's national development and Reform Commission held a press conference in November on the 16th. Meng Wei, spokesman of the national development and Reform Commission, said that it would carry out comprehensive rectification focusing on industrial centralized "mining", state-owned units involving "mining" and bitcoin "mining". For the units implementing residential electricity price, if they find that they participate in the "mining" activities of virtual currency, they will study the imposition of punitive electricity price, so as to form a high-pressure situation of continuously renovating the "mining" activities of virtual currency.

The Chinese government has basically determined the nature of virtual currency mining and will not change it. At present, there are many miners "exiled" by Chinese mining areas in Iran, the United States, Canada, Australia and Kazakhstan all over the world. However, due to the coming winter, power resources in various countries are very tight, and many miners can't find seats.

Correspondingly, since the end of October, the market of cryptocurrencies such as bitcoin has shown a continuous upward trend, and the mining income of miners has continued to rise. According to the block crypto data, the income of bitcoin miners reached $1.72 billion in October, the second in the month's history (it was $1.75 billion in May this year). It is expected that the miners' income is expected to further improve in November.

The miners who believe in their faith are unwilling to give up mining. But under the pressure of policy, the major institutions have closed the door to miners in Chinese mainland. On the other hand, the government cannot prohibit enterprises from legally investing in mining overseas. Therefore, for powerful miners, the best way is to choose to build mines together.

On the one hand, it reduces the difficulty of investment, because the capital demand for the investment and construction of a mine is great, and the relationship between resources and the government needs to be run. For most miners, it is impractical, but the way of jointly building a mine directly reduces the investment difficulty of miners.

On the other hand, for miners, retail investors actually do not have a great sense of security. Even if they have money, they may not be able to find suitable slots. The joint construction of the mine allows miners to obtain the property rights of the mine and slots, so as to facilitate their participation in mining.

Rhy's global joint mine project is still in progress. Miners participate in the mine investment and construction by means of equity subscription, which can not only obtain stable seats, self custody and operation, but also enjoy the dividend income of the mine. On December 15, rhy will hold the foundation laying ceremony of 60MW joint mine in Texas, USA, and sincerely invite partners to participate. Interested partners can consult customer service by downloading rhy app and chatting through blockchain.

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