比特币挖矿神话破灭

{"1":14}{"1":519,"2":{"5":1}} {"1":563}{"1":576,"2":{"5":1}} {"1":598}{"1":1337,"2":{"5":1}} {"1":1360}{"1":2394,"2":{"5":1}} {"1":2428}{"1":3346,"2":{"5":1}} {"1":3403}{"1":4227,"2":{"5":1}} {"1":4268}{"1":5552,"2":{"5":1}} {"1":5628}" data-sheets-userformat="{"2":641,"3":{"1":0},"10":0,"12":0}" data-sheets-value="{"1":2,"2":"Quick Summary\n\nBitcoin, being the flagship cryptocurrency out of all the cryptocurrencies, also gave rise to several rumours and myths, which some people believe and some don’t. When there are misconceptions, it is sure to bring a humble bustle in the mind of investors or miners as to what if it actually turns out to be what’s mentioned.\n\nTherefore, in this blog, we have tried to cover almost all the myths related to the well-known cryptocurrency Bitcoin, discover what’s behind those myths, and unveil the truth.\n\nCommon Myths associated with Bitcoin Mining\n---image---\n\n#1: Bitcoin is Illegal\nIt is said that in many countries, Bitcoin is illegal. However, it is not valid. A few countries have placed a ban on Bitcoins, such as China, Bangladesh, Morocco, Egypt, Iraq, and Algeria. It is also the case that in the majority of countries Bitcoin might not be legalized and unregulated. However, anyone in these countries can freely buy, sell, mine, and use Bitcoin if they want to.\n\nAlso, the U.S. IRS considers Bitcoin or cryptocurrency a digital asset like stocks and trades. Its usage has been regulated, and now they have also imposed taxation depending on how and for how long one holds the crypto, marking the regulation of Bitcoin and asserting that it is not illegal everywhere except for a few countries across the globe.\n\n#2: Bitcoin is a Bubble\nA lot of people think that Bitcoin (BTC) is a bubble that will collapse and cause investors to lose a lot of money. Indeed, some investors in Bitcoin do so speculatively in the hopes of making significant profits, but this does not prove that the market is in a bubble. Despite significant variations in prices throughout its 14-year existence, Bitcoin has continuously shown that it is resilient and capable of recovering. Bitcoin has reached new all-time highs by enduring every price pattern of rise and fall.\n\nMany supporters of Bitcoin argue that these price cycles are a regular occurrence for developing markets, viewing them as a plus rather than a disadvantage. New technologies often go through price cycles as the market works out their actual value through a process called price discovery. Supporters of Bitcoin anticipate less severe price fluctuations and longer time spans between them as the currency develops and becomes more widely used globally. It is also expected to lead to more stable pricing in the future.\n\n#3: Bitcoin has no intrinsic value\nIn its most fundamental financial form, intrinsic value is intended to offer a precise evaluation of an asset independent of market value. It is said that Bitcoin does not hold any real value on its own, which is a total myth. However, intrinsic value isn’t appropriate for many assets other than stocks and businesses because it uses metrics like cash flow. It also applies to Bitcoin, as well as gold and other commodities, without an underlying cash flow.\n\nIts supply, limited to 21 million in the real world, is alone a massive driving force in itself, raising its value. If one were to apply a more general definition, one could argue that the value of Bitcoin comes from its uniqueness, its reputation as the very first decentralized digital currency, and its large user, developer, and mining community worldwide, all of which have helped it grow to become an asset surpassing over $1.4 trillion at its peak.\n\n#4: Bitcoin Mining is Less inclined toward Sustainability\nThe cryptocurrency sector is making headway in addressing environmental problems despite the ongoing dispute. Although there is still debate on Bitcoin’s energy usage, new data from the Cambridge Bitcoin Electricity Consumption Index indicates a drop in greenhouse gas emissions. There is growing agreement among regulatory bodies that sustainable practices are necessary, and this is reflected in their quest for greener Bitcoin mining methods.\n\nFurthermore, the industry’s use of energy-efficient technologies and renewable energy sources, including hydropower, wind, and solar power, highlights its commitment to environmental responsibility. Ethereum’s recent attempt to switch to proof-of-stake, an efficient consensus method, represents a broader commitment to lowering the environmental impact of cryptocurrencies.\n\n#5: Bitcoin wastes Energy in high amounts\nBitcoin is mined using specialized gear that demands high computational work and consumes Energy; it has to be agreed upon. However, this Energy cannot be characterized as waste because it is extremely helpful in securing the network. Many people asserted that the energy source miners are frequently connected to the national grid, which gets its electricity from non-sustainable sources. However, the dynamics of the market have forced Bitcoin mining to look for the least expensive energy sources and sustainable means.\n\nBitcoin mining’s energy has definitely been a concern for many in the past few years as it requires a lot of energy. However, it’s also true that there have been advancements that are eliminating the risks associated with energy consumption. Bitcoin is considerably efficient in electricity use. However, other means that utilize energy in the highest amount are global banking systems, which are conniving ATMs, transaction machines, banking systems, etc. However, they are not doing much about it. Bitcoin mining is moving towards greener mining, and therefore, it is not a bad idea to mine it. There will be even more developments in the future that will evidently reduce the energy-intensive mining that has been occurring throughout the last few years.\n\n#6: Bitcoin compromises security as it is mainly used for Illicit activities\nBitcoin was the first ever cryptocurrency to address the double-spending issue, eliminating the prominence of trustless transactions amongst peer-to-peer cryptocurrencies. It is required to take control of 51% of the network in order to carry out the hacking or malicious activity and execute the attempt to take control of the majority of the network itself by one body versus the millions of users participating in the Bitcoin network is next to impossible or highly unlikely. Every Bitcoin transaction is verified and then added to the public blockchain, which maintains the immutability and privacy of the entire Bitcoin network.\n\nIt has been discovered that several of the largest banks in the world have helped criminals launder trillions of dollars. It is valid to some extent that in the early days of Bitcoin, there were a few websites that accepted only Bitcoin as a mode of transaction, and criminals utilized these sites for illegal purposes. Still, then, it was also strictly looked upon, and it eventually stopped. Now, with the publicly verified ledgers of the Bitcoin network, increasing popularity, and increasing network difficulty, the focus of carrying out illicit activities on the Bitcoin network has shifted away drastically."}" data-sheets-root="1" data-mce-fragment="1">快速摘要 {"1":14}{"1":519,"2":{"5":1}} {"1":563}{"1":576,"2":{"5":1}} {"1":598}{"1":1337,"2":{"5":1}} {"1":1360}{"1":2394,"2":{"5":1}} {"1":2428}{"1":3346,"2":{"5":1}} {"1":3403}{"1":4227,"2":{"5":1}} {"1":4268}{"1":5552,"2":{"5":1}} {"1":5628}" data-sheets-userformat="{"2":641,"3":{"1":0},"10":0,"12":0}" data-sheets-value="{"1":2,"2":"Quick Summary\n\nBitcoin, being the flagship cryptocurrency out of all the cryptocurrencies, also gave rise to several rumours and myths, which some people believe and some don’t. When there are misconceptions, it is sure to bring a humble bustle in the mind of investors or miners as to what if it actually turns out to be what’s mentioned.\n\nTherefore, in this blog, we have tried to cover almost all the myths related to the well-known cryptocurrency Bitcoin, discover what’s behind those myths, and unveil the truth.\n\nCommon Myths associated with Bitcoin Mining\n---image---\n\n#1: Bitcoin is Illegal\nIt is said that in many countries, Bitcoin is illegal. However, it is not valid. A few countries have placed a ban on Bitcoins, such as China, Bangladesh, Morocco, Egypt, Iraq, and Algeria. It is also the case that in the majority of countries Bitcoin might not be legalized and unregulated. However, anyone in these countries can freely buy, sell, mine, and use Bitcoin if they want to.\n\nAlso, the U.S. IRS considers Bitcoin or cryptocurrency a digital asset like stocks and trades. Its usage has been regulated, and now they have also imposed taxation depending on how and for how long one holds the crypto, marking the regulation of Bitcoin and asserting that it is not illegal everywhere except for a few countries across the globe.\n\n#2: Bitcoin is a Bubble\nA lot of people think that Bitcoin (BTC) is a bubble that will collapse and cause investors to lose a lot of money. Indeed, some investors in Bitcoin do so speculatively in the hopes of making significant profits, but this does not prove that the market is in a bubble. Despite significant variations in prices throughout its 14-year existence, Bitcoin has continuously shown that it is resilient and capable of recovering. Bitcoin has reached new all-time highs by enduring every price pattern of rise and fall.\n\nMany supporters of Bitcoin argue that these price cycles are a regular occurrence for developing markets, viewing them as a plus rather than a disadvantage. New technologies often go through price cycles as the market works out their actual value through a process called price discovery. Supporters of Bitcoin anticipate less severe price fluctuations and longer time spans between them as the currency develops and becomes more widely used globally. It is also expected to lead to more stable pricing in the future.\n\n#3: Bitcoin has no intrinsic value\nIn its most fundamental financial form, intrinsic value is intended to offer a precise evaluation of an asset independent of market value. It is said that Bitcoin does not hold any real value on its own, which is a total myth. However, intrinsic value isn’t appropriate for many assets other than stocks and businesses because it uses metrics like cash flow. It also applies to Bitcoin, as well as gold and other commodities, without an underlying cash flow.\n\nIts supply, limited to 21 million in the real world, is alone a massive driving force in itself, raising its value. If one were to apply a more general definition, one could argue that the value of Bitcoin comes from its uniqueness, its reputation as the very first decentralized digital currency, and its large user, developer, and mining community worldwide, all of which have helped it grow to become an asset surpassing over $1.4 trillion at its peak.\n\n#4: Bitcoin Mining is Less inclined toward Sustainability\nThe cryptocurrency sector is making headway in addressing environmental problems despite the ongoing dispute. Although there is still debate on Bitcoin’s energy usage, new data from the Cambridge Bitcoin Electricity Consumption Index indicates a drop in greenhouse gas emissions. There is growing agreement among regulatory bodies that sustainable practices are necessary, and this is reflected in their quest for greener Bitcoin mining methods.\n\nFurthermore, the industry’s use of energy-efficient technologies and renewable energy sources, including hydropower, wind, and solar power, highlights its commitment to environmental responsibility. Ethereum’s recent attempt to switch to proof-of-stake, an efficient consensus method, represents a broader commitment to lowering the environmental impact of cryptocurrencies.\n\n#5: Bitcoin wastes Energy in high amounts\nBitcoin is mined using specialized gear that demands high computational work and consumes Energy; it has to be agreed upon. However, this Energy cannot be characterized as waste because it is extremely helpful in securing the network. Many people asserted that the energy source miners are frequently connected to the national grid, which gets its electricity from non-sustainable sources. However, the dynamics of the market have forced Bitcoin mining to look for the least expensive energy sources and sustainable means.\n\nBitcoin mining’s energy has definitely been a concern for many in the past few years as it requires a lot of energy. However, it’s also true that there have been advancements that are eliminating the risks associated with energy consumption. Bitcoin is considerably efficient in electricity use. However, other means that utilize energy in the highest amount are global banking systems, which are conniving ATMs, transaction machines, banking systems, etc. However, they are not doing much about it. Bitcoin mining is moving towards greener mining, and therefore, it is not a bad idea to mine it. There will be even more developments in the future that will evidently reduce the energy-intensive mining that has been occurring throughout the last few years.\n\n#6: Bitcoin compromises security as it is mainly used for Illicit activities\nBitcoin was the first ever cryptocurrency to address the double-spending issue, eliminating the prominence of trustless transactions amongst peer-to-peer cryptocurrencies. It is required to take control of 51% of the network in order to carry out the hacking or malicious activity and execute the attempt to take control of the majority of the network itself by one body versus the millions of users participating in the Bitcoin network is next to impossible or highly unlikely. Every Bitcoin transaction is verified and then added to the public blockchain, which maintains the immutability and privacy of the entire Bitcoin network.\n\nIt has been discovered that several of the largest banks in the world have helped criminals launder trillions of dollars. It is valid to some extent that in the early days of Bitcoin, there were a few websites that accepted only Bitcoin as a mode of transaction, and criminals utilized these sites for illegal purposes. Still, then, it was also strictly looked upon, and it eventually stopped. Now, with the publicly verified ledgers of the Bitcoin network, increasing popularity, and increasing network difficulty, the focus of carrying out illicit activities on the Bitcoin network has shifted away drastically."}" data-sheets-root="1" data-mce-fragment="1">比特币是所有加密货币中的旗舰加密货币，但也引发了一些谣言和神话，有些人相信，有些人不相信。当出现误解时，投资者或矿机肯定会感到不安，担心如果事实真的如他们所说，该怎么办。

{"1":14}{"1":519,"2":{"5":1}} {"1":563}{"1":576,"2":{"5":1}} {"1":598}{"1":1337,"2":{"5":1}} {"1":1360}{"1":2394,"2":{"5":1}} {"1":2428}{"1":3346,"2":{"5":1}} {"1":3403}{"1":4227,"2":{"5":1}} {"1":4268}{"1":5552,"2":{"5":1}} {"1":5628}" data-sheets-userformat="{"2":641,"3":{"1":0},"10":0,"12":0}" data-sheets-value="{"1":2,"2":"Quick Summary\n\nBitcoin, being the flagship cryptocurrency out of all the cryptocurrencies, also gave rise to several rumours and myths, which some people believe and some don’t. When there are misconceptions, it is sure to bring a humble bustle in the mind of investors or miners as to what if it actually turns out to be what’s mentioned.\n\nTherefore, in this blog, we have tried to cover almost all the myths related to the well-known cryptocurrency Bitcoin, discover what’s behind those myths, and unveil the truth.\n\nCommon Myths associated with Bitcoin Mining\n---image---\n\n#1: Bitcoin is Illegal\nIt is said that in many countries, Bitcoin is illegal. However, it is not valid. A few countries have placed a ban on Bitcoins, such as China, Bangladesh, Morocco, Egypt, Iraq, and Algeria. It is also the case that in the majority of countries Bitcoin might not be legalized and unregulated. However, anyone in these countries can freely buy, sell, mine, and use Bitcoin if they want to.\n\nAlso, the U.S. IRS considers Bitcoin or cryptocurrency a digital asset like stocks and trades. Its usage has been regulated, and now they have also imposed taxation depending on how and for how long one holds the crypto, marking the regulation of Bitcoin and asserting that it is not illegal everywhere except for a few countries across the globe.\n\n#2: Bitcoin is a Bubble\nA lot of people think that Bitcoin (BTC) is a bubble that will collapse and cause investors to lose a lot of money. Indeed, some investors in Bitcoin do so speculatively in the hopes of making significant profits, but this does not prove that the market is in a bubble. Despite significant variations in prices throughout its 14-year existence, Bitcoin has continuously shown that it is resilient and capable of recovering. Bitcoin has reached new all-time highs by enduring every price pattern of rise and fall.\n\nMany supporters of Bitcoin argue that these price cycles are a regular occurrence for developing markets, viewing them as a plus rather than a disadvantage. New technologies often go through price cycles as the market works out their actual value through a process called price discovery. Supporters of Bitcoin anticipate less severe price fluctuations and longer time spans between them as the currency develops and becomes more widely used globally. It is also expected to lead to more stable pricing in the future.\n\n#3: Bitcoin has no intrinsic value\nIn its most fundamental financial form, intrinsic value is intended to offer a precise evaluation of an asset independent of market value. It is said that Bitcoin does not hold any real value on its own, which is a total myth. However, intrinsic value isn’t appropriate for many assets other than stocks and businesses because it uses metrics like cash flow. It also applies to Bitcoin, as well as gold and other commodities, without an underlying cash flow.\n\nIts supply, limited to 21 million in the real world, is alone a massive driving force in itself, raising its value. If one were to apply a more general definition, one could argue that the value of Bitcoin comes from its uniqueness, its reputation as the very first decentralized digital currency, and its large user, developer, and mining community worldwide, all of which have helped it grow to become an asset surpassing over $1.4 trillion at its peak.\n\n#4: Bitcoin Mining is Less inclined toward Sustainability\nThe cryptocurrency sector is making headway in addressing environmental problems despite the ongoing dispute. Although there is still debate on Bitcoin’s energy usage, new data from the Cambridge Bitcoin Electricity Consumption Index indicates a drop in greenhouse gas emissions. There is growing agreement among regulatory bodies that sustainable practices are necessary, and this is reflected in their quest for greener Bitcoin mining methods.\n\nFurthermore, the industry’s use of energy-efficient technologies and renewable energy sources, including hydropower, wind, and solar power, highlights its commitment to environmental responsibility. Ethereum’s recent attempt to switch to proof-of-stake, an efficient consensus method, represents a broader commitment to lowering the environmental impact of cryptocurrencies.\n\n#5: Bitcoin wastes Energy in high amounts\nBitcoin is mined using specialized gear that demands high computational work and consumes Energy; it has to be agreed upon. However, this Energy cannot be characterized as waste because it is extremely helpful in securing the network. Many people asserted that the energy source miners are frequently connected to the national grid, which gets its electricity from non-sustainable sources. However, the dynamics of the market have forced Bitcoin mining to look for the least expensive energy sources and sustainable means.\n\nBitcoin mining’s energy has definitely been a concern for many in the past few years as it requires a lot of energy. However, it’s also true that there have been advancements that are eliminating the risks associated with energy consumption. Bitcoin is considerably efficient in electricity use. However, other means that utilize energy in the highest amount are global banking systems, which are conniving ATMs, transaction machines, banking systems, etc. However, they are not doing much about it. Bitcoin mining is moving towards greener mining, and therefore, it is not a bad idea to mine it. There will be even more developments in the future that will evidently reduce the energy-intensive mining that has been occurring throughout the last few years.\n\n#6: Bitcoin compromises security as it is mainly used for Illicit activities\nBitcoin was the first ever cryptocurrency to address the double-spending issue, eliminating the prominence of trustless transactions amongst peer-to-peer cryptocurrencies. It is required to take control of 51% of the network in order to carry out the hacking or malicious activity and execute the attempt to take control of the majority of the network itself by one body versus the millions of users participating in the Bitcoin network is next to impossible or highly unlikely. Every Bitcoin transaction is verified and then added to the public blockchain, which maintains the immutability and privacy of the entire Bitcoin network.\n\nIt has been discovered that several of the largest banks in the world have helped criminals launder trillions of dollars. It is valid to some extent that in the early days of Bitcoin, there were a few websites that accepted only Bitcoin as a mode of transaction, and criminals utilized these sites for illegal purposes. Still, then, it was also strictly looked upon, and it eventually stopped. Now, with the publicly verified ledgers of the Bitcoin network, increasing popularity, and increasing network difficulty, the focus of carrying out illicit activities on the Bitcoin network has shifted away drastically."}" data-sheets-root="1" data-mce-fragment="1">因此，在这篇博客中，我们试图涵盖与著名加密货币比特币有关的几乎所有神话，发现这些神话背后的原因，并揭开真相。

{"1":14}{"1":519,"2":{"5":1}} {"1":563}{"1":576,"2":{"5":1}} {"1":598}{"1":1337,"2":{"5":1}} {"1":1360}{"1":2394,"2":{"5":1}} {"1":2428}{"1":3346,"2":{"5":1}} {"1":3403}{"1":4227,"2":{"5":1}} {"1":4268}{"1":5552,"2":{"5":1}} {"1":5628}" data-sheets-userformat="{"2":641,"3":{"1":0},"10":0,"12":0}" data-sheets-value="{"1":2,"2":"Quick Summary\n\nBitcoin, being the flagship cryptocurrency out of all the cryptocurrencies, also gave rise to several rumours and myths, which some people believe and some don’t. When there are misconceptions, it is sure to bring a humble bustle in the mind of investors or miners as to what if it actually turns out to be what’s mentioned.\n\nTherefore, in this blog, we have tried to cover almost all the myths related to the well-known cryptocurrency Bitcoin, discover what’s behind those myths, and unveil the truth.\n\nCommon Myths associated with Bitcoin Mining\n---image---\n\n#1: Bitcoin is Illegal\nIt is said that in many countries, Bitcoin is illegal. However, it is not valid. A few countries have placed a ban on Bitcoins, such as China, Bangladesh, Morocco, Egypt, Iraq, and Algeria. It is also the case that in the majority of countries Bitcoin might not be legalized and unregulated. However, anyone in these countries can freely buy, sell, mine, and use Bitcoin if they want to.\n\nAlso, the U.S. IRS considers Bitcoin or cryptocurrency a digital asset like stocks and trades. Its usage has been regulated, and now they have also imposed taxation depending on how and for how long one holds the crypto, marking the regulation of Bitcoin and asserting that it is not illegal everywhere except for a few countries across the globe.\n\n#2: Bitcoin is a Bubble\nA lot of people think that Bitcoin (BTC) is a bubble that will collapse and cause investors to lose a lot of money. Indeed, some investors in Bitcoin do so speculatively in the hopes of making significant profits, but this does not prove that the market is in a bubble. Despite significant variations in prices throughout its 14-year existence, Bitcoin has continuously shown that it is resilient and capable of recovering. Bitcoin has reached new all-time highs by enduring every price pattern of rise and fall.\n\nMany supporters of Bitcoin argue that these price cycles are a regular occurrence for developing markets, viewing them as a plus rather than a disadvantage. New technologies often go through price cycles as the market works out their actual value through a process called price discovery. Supporters of Bitcoin anticipate less severe price fluctuations and longer time spans between them as the currency develops and becomes more widely used globally. It is also expected to lead to more stable pricing in the future.\n\n#3: Bitcoin has no intrinsic value\nIn its most fundamental financial form, intrinsic value is intended to offer a precise evaluation of an asset independent of market value. It is said that Bitcoin does not hold any real value on its own, which is a total myth. However, intrinsic value isn’t appropriate for many assets other than stocks and businesses because it uses metrics like cash flow. It also applies to Bitcoin, as well as gold and other commodities, without an underlying cash flow.\n\nIts supply, limited to 21 million in the real world, is alone a massive driving force in itself, raising its value. If one were to apply a more general definition, one could argue that the value of Bitcoin comes from its uniqueness, its reputation as the very first decentralized digital currency, and its large user, developer, and mining community worldwide, all of which have helped it grow to become an asset surpassing over $1.4 trillion at its peak.\n\n#4: Bitcoin Mining is Less inclined toward Sustainability\nThe cryptocurrency sector is making headway in addressing environmental problems despite the ongoing dispute. Although there is still debate on Bitcoin’s energy usage, new data from the Cambridge Bitcoin Electricity Consumption Index indicates a drop in greenhouse gas emissions. There is growing agreement among regulatory bodies that sustainable practices are necessary, and this is reflected in their quest for greener Bitcoin mining methods.\n\nFurthermore, the industry’s use of energy-efficient technologies and renewable energy sources, including hydropower, wind, and solar power, highlights its commitment to environmental responsibility. Ethereum’s recent attempt to switch to proof-of-stake, an efficient consensus method, represents a broader commitment to lowering the environmental impact of cryptocurrencies.\n\n#5: Bitcoin wastes Energy in high amounts\nBitcoin is mined using specialized gear that demands high computational work and consumes Energy; it has to be agreed upon. However, this Energy cannot be characterized as waste because it is extremely helpful in securing the network. Many people asserted that the energy source miners are frequently connected to the national grid, which gets its electricity from non-sustainable sources. However, the dynamics of the market have forced Bitcoin mining to look for the least expensive energy sources and sustainable means.\n\nBitcoin mining’s energy has definitely been a concern for many in the past few years as it requires a lot of energy. However, it’s also true that there have been advancements that are eliminating the risks associated with energy consumption. Bitcoin is considerably efficient in electricity use. However, other means that utilize energy in the highest amount are global banking systems, which are conniving ATMs, transaction machines, banking systems, etc. However, they are not doing much about it. Bitcoin mining is moving towards greener mining, and therefore, it is not a bad idea to mine it. There will be even more developments in the future that will evidently reduce the energy-intensive mining that has been occurring throughout the last few years.\n\n#6: Bitcoin compromises security as it is mainly used for Illicit activities\nBitcoin was the first ever cryptocurrency to address the double-spending issue, eliminating the prominence of trustless transactions amongst peer-to-peer cryptocurrencies. It is required to take control of 51% of the network in order to carry out the hacking or malicious activity and execute the attempt to take control of the majority of the network itself by one body versus the millions of users participating in the Bitcoin network is next to impossible or highly unlikely. Every Bitcoin transaction is verified and then added to the public blockchain, which maintains the immutability and privacy of the entire Bitcoin network.\n\nIt has been discovered that several of the largest banks in the world have helped criminals launder trillions of dollars. It is valid to some extent that in the early days of Bitcoin, there were a few websites that accepted only Bitcoin as a mode of transaction, and criminals utilized these sites for illegal purposes. Still, then, it was also strictly looked upon, and it eventually stopped. Now, with the publicly verified ledgers of the Bitcoin network, increasing popularity, and increasing network difficulty, the focus of carrying out illicit activities on the Bitcoin network has shifted away drastically."}" data-sheets-root="1" data-mce-fragment="1">与比特币挖矿相关的常见误解 {"1":14}{"1":519,"2":{"5":1}} {"1":563}{"1":576,"2":{"5":1}} {"1":598}{"1":1337,"2":{"5":1}} {"1":1360}{"1":2394,"2":{"5":1}} {"1":2428}{"1":3346,"2":{"5":1}} {"1":3403}{"1":4227,"2":{"5":1}} {"1":4268}{"1":5552,"2":{"5":1}} {"1":5628}" data-sheets-userformat="{"2":641,"3":{"1":0},"10":0,"12":0}" data-sheets-value="{"1":2,"2":"Quick Summary\n\nBitcoin, being the flagship cryptocurrency out of all the cryptocurrencies, also gave rise to several rumours and myths, which some people believe and some don’t. When there are misconceptions, it is sure to bring a humble bustle in the mind of investors or miners as to what if it actually turns out to be what’s mentioned.\n\nTherefore, in this blog, we have tried to cover almost all the myths related to the well-known cryptocurrency Bitcoin, discover what’s behind those myths, and unveil the truth.\n\nCommon Myths associated with Bitcoin Mining\n---image---\n\n#1: Bitcoin is Illegal\nIt is said that in many countries, Bitcoin is illegal. However, it is not valid. A few countries have placed a ban on Bitcoins, such as China, Bangladesh, Morocco, Egypt, Iraq, and Algeria. It is also the case that in the majority of countries Bitcoin might not be legalized and unregulated. However, anyone in these countries can freely buy, sell, mine, and use Bitcoin if they want to.\n\nAlso, the U.S. IRS considers Bitcoin or cryptocurrency a digital asset like stocks and trades. Its usage has been regulated, and now they have also imposed taxation depending on how and for how long one holds the crypto, marking the regulation of Bitcoin and asserting that it is not illegal everywhere except for a few countries across the globe.\n\n#2: Bitcoin is a Bubble\nA lot of people think that Bitcoin (BTC) is a bubble that will collapse and cause investors to lose a lot of money. Indeed, some investors in Bitcoin do so speculatively in the hopes of making significant profits, but this does not prove that the market is in a bubble. Despite significant variations in prices throughout its 14-year existence, Bitcoin has continuously shown that it is resilient and capable of recovering. Bitcoin has reached new all-time highs by enduring every price pattern of rise and fall.\n\nMany supporters of Bitcoin argue that these price cycles are a regular occurrence for developing markets, viewing them as a plus rather than a disadvantage. New technologies often go through price cycles as the market works out their actual value through a process called price discovery. Supporters of Bitcoin anticipate less severe price fluctuations and longer time spans between them as the currency develops and becomes more widely used globally. It is also expected to lead to more stable pricing in the future.\n\n#3: Bitcoin has no intrinsic value\nIn its most fundamental financial form, intrinsic value is intended to offer a precise evaluation of an asset independent of market value. It is said that Bitcoin does not hold any real value on its own, which is a total myth. However, intrinsic value isn’t appropriate for many assets other than stocks and businesses because it uses metrics like cash flow. It also applies to Bitcoin, as well as gold and other commodities, without an underlying cash flow.\n\nIts supply, limited to 21 million in the real world, is alone a massive driving force in itself, raising its value. If one were to apply a more general definition, one could argue that the value of Bitcoin comes from its uniqueness, its reputation as the very first decentralized digital currency, and its large user, developer, and mining community worldwide, all of which have helped it grow to become an asset surpassing over $1.4 trillion at its peak.\n\n#4: Bitcoin Mining is Less inclined toward Sustainability\nThe cryptocurrency sector is making headway in addressing environmental problems despite the ongoing dispute. Although there is still debate on Bitcoin’s energy usage, new data from the Cambridge Bitcoin Electricity Consumption Index indicates a drop in greenhouse gas emissions. There is growing agreement among regulatory bodies that sustainable practices are necessary, and this is reflected in their quest for greener Bitcoin mining methods.\n\nFurthermore, the industry’s use of energy-efficient technologies and renewable energy sources, including hydropower, wind, and solar power, highlights its commitment to environmental responsibility. Ethereum’s recent attempt to switch to proof-of-stake, an efficient consensus method, represents a broader commitment to lowering the environmental impact of cryptocurrencies.\n\n#5: Bitcoin wastes Energy in high amounts\nBitcoin is mined using specialized gear that demands high computational work and consumes Energy; it has to be agreed upon. However, this Energy cannot be characterized as waste because it is extremely helpful in securing the network. Many people asserted that the energy source miners are frequently connected to the national grid, which gets its electricity from non-sustainable sources. However, the dynamics of the market have forced Bitcoin mining to look for the least expensive energy sources and sustainable means.\n\nBitcoin mining’s energy has definitely been a concern for many in the past few years as it requires a lot of energy. However, it’s also true that there have been advancements that are eliminating the risks associated with energy consumption. Bitcoin is considerably efficient in electricity use. However, other means that utilize energy in the highest amount are global banking systems, which are conniving ATMs, transaction machines, banking systems, etc. However, they are not doing much about it. Bitcoin mining is moving towards greener mining, and therefore, it is not a bad idea to mine it. There will be even more developments in the future that will evidently reduce the energy-intensive mining that has been occurring throughout the last few years.\n\n#6: Bitcoin compromises security as it is mainly used for Illicit activities\nBitcoin was the first ever cryptocurrency to address the double-spending issue, eliminating the prominence of trustless transactions amongst peer-to-peer cryptocurrencies. It is required to take control of 51% of the network in order to carry out the hacking or malicious activity and execute the attempt to take control of the majority of the network itself by one body versus the millions of users participating in the Bitcoin network is next to impossible or highly unlikely. Every Bitcoin transaction is verified and then added to the public blockchain, which maintains the immutability and privacy of the entire Bitcoin network.\n\nIt has been discovered that several of the largest banks in the world have helped criminals launder trillions of dollars. It is valid to some extent that in the early days of Bitcoin, there were a few websites that accepted only Bitcoin as a mode of transaction, and criminals utilized these sites for illegal purposes. Still, then, it was also strictly looked upon, and it eventually stopped. Now, with the publicly verified ledgers of the Bitcoin network, increasing popularity, and increasing network difficulty, the focus of carrying out illicit activities on the Bitcoin network has shifted away drastically."}" data-sheets-root="1" data-mce-fragment="1">1. 比特币是非法的 {"1":14}{"1":519,"2":{"5":1}} {"1":563}{"1":576,"2":{"5":1}} {"1":598}{"1":1337,"2":{"5":1}} {"1":1360}{"1":2394,"2":{"5":1}} {"1":2428}{"1":3346,"2":{"5":1}} {"1":3403}{"1":4227,"2":{"5":1}} {"1":4268}{"1":5552,"2":{"5":1}} {"1":5628}" data-sheets-userformat="{"2":641,"3":{"1":0},"10":0,"12":0}" data-sheets-value="{"1":2,"2":"Quick Summary\n\nBitcoin, being the flagship cryptocurrency out of all the cryptocurrencies, also gave rise to several rumours and myths, which some people believe and some don’t. When there are misconceptions, it is sure to bring a humble bustle in the mind of investors or miners as to what if it actually turns out to be what’s mentioned.\n\nTherefore, in this blog, we have tried to cover almost all the myths related to the well-known cryptocurrency Bitcoin, discover what’s behind those myths, and unveil the truth.\n\nCommon Myths associated with Bitcoin Mining\n---image---\n\n#1: Bitcoin is Illegal\nIt is said that in many countries, Bitcoin is illegal. However, it is not valid. A few countries have placed a ban on Bitcoins, such as China, Bangladesh, Morocco, Egypt, Iraq, and Algeria. It is also the case that in the majority of countries Bitcoin might not be legalized and unregulated. However, anyone in these countries can freely buy, sell, mine, and use Bitcoin if they want to.\n\nAlso, the U.S. IRS considers Bitcoin or cryptocurrency a digital asset like stocks and trades. Its usage has been regulated, and now they have also imposed taxation depending on how and for how long one holds the crypto, marking the regulation of Bitcoin and asserting that it is not illegal everywhere except for a few countries across the globe.\n\n#2: Bitcoin is a Bubble\nA lot of people think that Bitcoin (BTC) is a bubble that will collapse and cause investors to lose a lot of money. Indeed, some investors in Bitcoin do so speculatively in the hopes of making significant profits, but this does not prove that the market is in a bubble. Despite significant variations in prices throughout its 14-year existence, Bitcoin has continuously shown that it is resilient and capable of recovering. Bitcoin has reached new all-time highs by enduring every price pattern of rise and fall.\n\nMany supporters of Bitcoin argue that these price cycles are a regular occurrence for developing markets, viewing them as a plus rather than a disadvantage. New technologies often go through price cycles as the market works out their actual value through a process called price discovery. Supporters of Bitcoin anticipate less severe price fluctuations and longer time spans between them as the currency develops and becomes more widely used globally. It is also expected to lead to more stable pricing in the future.\n\n#3: Bitcoin has no intrinsic value\nIn its most fundamental financial form, intrinsic value is intended to offer a precise evaluation of an asset independent of market value. It is said that Bitcoin does not hold any real value on its own, which is a total myth. However, intrinsic value isn’t appropriate for many assets other than stocks and businesses because it uses metrics like cash flow. It also applies to Bitcoin, as well as gold and other commodities, without an underlying cash flow.\n\nIts supply, limited to 21 million in the real world, is alone a massive driving force in itself, raising its value. If one were to apply a more general definition, one could argue that the value of Bitcoin comes from its uniqueness, its reputation as the very first decentralized digital currency, and its large user, developer, and mining community worldwide, all of which have helped it grow to become an asset surpassing over $1.4 trillion at its peak.\n\n#4: Bitcoin Mining is Less inclined toward Sustainability\nThe cryptocurrency sector is making headway in addressing environmental problems despite the ongoing dispute. Although there is still debate on Bitcoin’s energy usage, new data from the Cambridge Bitcoin Electricity Consumption Index indicates a drop in greenhouse gas emissions. There is growing agreement among regulatory bodies that sustainable practices are necessary, and this is reflected in their quest for greener Bitcoin mining methods.\n\nFurthermore, the industry’s use of energy-efficient technologies and renewable energy sources, including hydropower, wind, and solar power, highlights its commitment to environmental responsibility. Ethereum’s recent attempt to switch to proof-of-stake, an efficient consensus method, represents a broader commitment to lowering the environmental impact of cryptocurrencies.\n\n#5: Bitcoin wastes Energy in high amounts\nBitcoin is mined using specialized gear that demands high computational work and consumes Energy; it has to be agreed upon. However, this Energy cannot be characterized as waste because it is extremely helpful in securing the network. Many people asserted that the energy source miners are frequently connected to the national grid, which gets its electricity from non-sustainable sources. However, the dynamics of the market have forced Bitcoin mining to look for the least expensive energy sources and sustainable means.\n\nBitcoin mining’s energy has definitely been a concern for many in the past few years as it requires a lot of energy. However, it’s also true that there have been advancements that are eliminating the risks associated with energy consumption. Bitcoin is considerably efficient in electricity use. However, other means that utilize energy in the highest amount are global banking systems, which are conniving ATMs, transaction machines, banking systems, etc. However, they are not doing much about it. Bitcoin mining is moving towards greener mining, and therefore, it is not a bad idea to mine it. There will be even more developments in the future that will evidently reduce the energy-intensive mining that has been occurring throughout the last few years.\n\n#6: Bitcoin compromises security as it is mainly used for Illicit activities\nBitcoin was the first ever cryptocurrency to address the double-spending issue, eliminating the prominence of trustless transactions amongst peer-to-peer cryptocurrencies. It is required to take control of 51% of the network in order to carry out the hacking or malicious activity and execute the attempt to take control of the majority of the network itself by one body versus the millions of users participating in the Bitcoin network is next to impossible or highly unlikely. Every Bitcoin transaction is verified and then added to the public blockchain, which maintains the immutability and privacy of the entire Bitcoin network.\n\nIt has been discovered that several of the largest banks in the world have helped criminals launder trillions of dollars. It is valid to some extent that in the early days of Bitcoin, there were a few websites that accepted only Bitcoin as a mode of transaction, and criminals utilized these sites for illegal purposes. Still, then, it was also strictly looked upon, and it eventually stopped. Now, with the publicly verified ledgers of the Bitcoin network, increasing popularity, and increasing network difficulty, the focus of carrying out illicit activities on the Bitcoin network has shifted away drastically."}" data-sheets-root="1" data-mce-fragment="1">据说在许多国家，比特币是非法的。然而，它是无效的。一些国家已经禁止使用比特币，例如中国、孟加拉国、摩洛哥、埃及、伊拉克和阿尔及利亚。在大多数国家，比特币可能不合法且不受监管。然而，这些国家的任何人都可以自由地购买、出售、开采和使用比特币，只要他们愿意。

{"1":14}{"1":519,"2":{"5":1}} {"1":563}{"1":576,"2":{"5":1}} {"1":598}{"1":1337,"2":{"5":1}} {"1":1360}{"1":2394,"2":{"5":1}} {"1":2428}{"1":3346,"2":{"5":1}} {"1":3403}{"1":4227,"2":{"5":1}} {"1":4268}{"1":5552,"2":{"5":1}} {"1":5628}" data-sheets-userformat="{"2":641,"3":{"1":0},"10":0,"12":0}" data-sheets-value="{"1":2,"2":"Quick Summary\n\nBitcoin, being the flagship cryptocurrency out of all the cryptocurrencies, also gave rise to several rumours and myths, which some people believe and some don’t. When there are misconceptions, it is sure to bring a humble bustle in the mind of investors or miners as to what if it actually turns out to be what’s mentioned.\n\nTherefore, in this blog, we have tried to cover almost all the myths related to the well-known cryptocurrency Bitcoin, discover what’s behind those myths, and unveil the truth.\n\nCommon Myths associated with Bitcoin Mining\n---image---\n\n#1: Bitcoin is Illegal\nIt is said that in many countries, Bitcoin is illegal. However, it is not valid. A few countries have placed a ban on Bitcoins, such as China, Bangladesh, Morocco, Egypt, Iraq, and Algeria. It is also the case that in the majority of countries Bitcoin might not be legalized and unregulated. However, anyone in these countries can freely buy, sell, mine, and use Bitcoin if they want to.\n\nAlso, the U.S. IRS considers Bitcoin or cryptocurrency a digital asset like stocks and trades. Its usage has been regulated, and now they have also imposed taxation depending on how and for how long one holds the crypto, marking the regulation of Bitcoin and asserting that it is not illegal everywhere except for a few countries across the globe.\n\n#2: Bitcoin is a Bubble\nA lot of people think that Bitcoin (BTC) is a bubble that will collapse and cause investors to lose a lot of money. Indeed, some investors in Bitcoin do so speculatively in the hopes of making significant profits, but this does not prove that the market is in a bubble. Despite significant variations in prices throughout its 14-year existence, Bitcoin has continuously shown that it is resilient and capable of recovering. Bitcoin has reached new all-time highs by enduring every price pattern of rise and fall.\n\nMany supporters of Bitcoin argue that these price cycles are a regular occurrence for developing markets, viewing them as a plus rather than a disadvantage. New technologies often go through price cycles as the market works out their actual value through a process called price discovery. Supporters of Bitcoin anticipate less severe price fluctuations and longer time spans between them as the currency develops and becomes more widely used globally. It is also expected to lead to more stable pricing in the future.\n\n#3: Bitcoin has no intrinsic value\nIn its most fundamental financial form, intrinsic value is intended to offer a precise evaluation of an asset independent of market value. It is said that Bitcoin does not hold any real value on its own, which is a total myth. However, intrinsic value isn’t appropriate for many assets other than stocks and businesses because it uses metrics like cash flow. It also applies to Bitcoin, as well as gold and other commodities, without an underlying cash flow.\n\nIts supply, limited to 21 million in the real world, is alone a massive driving force in itself, raising its value. If one were to apply a more general definition, one could argue that the value of Bitcoin comes from its uniqueness, its reputation as the very first decentralized digital currency, and its large user, developer, and mining community worldwide, all of which have helped it grow to become an asset surpassing over $1.4 trillion at its peak.\n\n#4: Bitcoin Mining is Less inclined toward Sustainability\nThe cryptocurrency sector is making headway in addressing environmental problems despite the ongoing dispute. Although there is still debate on Bitcoin’s energy usage, new data from the Cambridge Bitcoin Electricity Consumption Index indicates a drop in greenhouse gas emissions. There is growing agreement among regulatory bodies that sustainable practices are necessary, and this is reflected in their quest for greener Bitcoin mining methods.\n\nFurthermore, the industry’s use of energy-efficient technologies and renewable energy sources, including hydropower, wind, and solar power, highlights its commitment to environmental responsibility. Ethereum’s recent attempt to switch to proof-of-stake, an efficient consensus method, represents a broader commitment to lowering the environmental impact of cryptocurrencies.\n\n#5: Bitcoin wastes Energy in high amounts\nBitcoin is mined using specialized gear that demands high computational work and consumes Energy; it has to be agreed upon. However, this Energy cannot be characterized as waste because it is extremely helpful in securing the network. Many people asserted that the energy source miners are frequently connected to the national grid, which gets its electricity from non-sustainable sources. However, the dynamics of the market have forced Bitcoin mining to look for the least expensive energy sources and sustainable means.\n\nBitcoin mining’s energy has definitely been a concern for many in the past few years as it requires a lot of energy. However, it’s also true that there have been advancements that are eliminating the risks associated with energy consumption. Bitcoin is considerably efficient in electricity use. However, other means that utilize energy in the highest amount are global banking systems, which are conniving ATMs, transaction machines, banking systems, etc. However, they are not doing much about it. Bitcoin mining is moving towards greener mining, and therefore, it is not a bad idea to mine it. There will be even more developments in the future that will evidently reduce the energy-intensive mining that has been occurring throughout the last few years.\n\n#6: Bitcoin compromises security as it is mainly used for Illicit activities\nBitcoin was the first ever cryptocurrency to address the double-spending issue, eliminating the prominence of trustless transactions amongst peer-to-peer cryptocurrencies. It is required to take control of 51% of the network in order to carry out the hacking or malicious activity and execute the attempt to take control of the majority of the network itself by one body versus the millions of users participating in the Bitcoin network is next to impossible or highly unlikely. Every Bitcoin transaction is verified and then added to the public blockchain, which maintains the immutability and privacy of the entire Bitcoin network.\n\nIt has been discovered that several of the largest banks in the world have helped criminals launder trillions of dollars. It is valid to some extent that in the early days of Bitcoin, there were a few websites that accepted only Bitcoin as a mode of transaction, and criminals utilized these sites for illegal purposes. Still, then, it was also strictly looked upon, and it eventually stopped. Now, with the publicly verified ledgers of the Bitcoin network, increasing popularity, and increasing network difficulty, the focus of carrying out illicit activities on the Bitcoin network has shifted away drastically."}" data-sheets-root="1" data-mce-fragment="1">此外，美国国税局将比特币或加密货币视为与股票和交易类似的数字资产。其使用已受到监管，现在他们还根据持有加密货币的方式和时间征收税款，标志着对比特币的监管，并声称除全球少数国家外，比特币在其他地方并不违法。

{"1":14}{"1":519,"2":{"5":1}} {"1":563}{"1":576,"2":{"5":1}} {"1":598}{"1":1337,"2":{"5":1}} {"1":1360}{"1":2394,"2":{"5":1}} {"1":2428}{"1":3346,"2":{"5":1}} {"1":3403}{"1":4227,"2":{"5":1}} {"1":4268}{"1":5552,"2":{"5":1}} {"1":5628}" data-sheets-userformat="{"2":641,"3":{"1":0},"10":0,"12":0}" data-sheets-value="{"1":2,"2":"Quick Summary\n\nBitcoin, being the flagship cryptocurrency out of all the cryptocurrencies, also gave rise to several rumours and myths, which some people believe and some don’t. When there are misconceptions, it is sure to bring a humble bustle in the mind of investors or miners as to what if it actually turns out to be what’s mentioned.\n\nTherefore, in this blog, we have tried to cover almost all the myths related to the well-known cryptocurrency Bitcoin, discover what’s behind those myths, and unveil the truth.\n\nCommon Myths associated with Bitcoin Mining\n---image---\n\n#1: Bitcoin is Illegal\nIt is said that in many countries, Bitcoin is illegal. However, it is not valid. A few countries have placed a ban on Bitcoins, such as China, Bangladesh, Morocco, Egypt, Iraq, and Algeria. It is also the case that in the majority of countries Bitcoin might not be legalized and unregulated. However, anyone in these countries can freely buy, sell, mine, and use Bitcoin if they want to.\n\nAlso, the U.S. IRS considers Bitcoin or cryptocurrency a digital asset like stocks and trades. Its usage has been regulated, and now they have also imposed taxation depending on how and for how long one holds the crypto, marking the regulation of Bitcoin and asserting that it is not illegal everywhere except for a few countries across the globe.\n\n#2: Bitcoin is a Bubble\nA lot of people think that Bitcoin (BTC) is a bubble that will collapse and cause investors to lose a lot of money. Indeed, some investors in Bitcoin do so speculatively in the hopes of making significant profits, but this does not prove that the market is in a bubble. Despite significant variations in prices throughout its 14-year existence, Bitcoin has continuously shown that it is resilient and capable of recovering. Bitcoin has reached new all-time highs by enduring every price pattern of rise and fall.\n\nMany supporters of Bitcoin argue that these price cycles are a regular occurrence for developing markets, viewing them as a plus rather than a disadvantage. New technologies often go through price cycles as the market works out their actual value through a process called price discovery. Supporters of Bitcoin anticipate less severe price fluctuations and longer time spans between them as the currency develops and becomes more widely used globally. It is also expected to lead to more stable pricing in the future.\n\n#3: Bitcoin has no intrinsic value\nIn its most fundamental financial form, intrinsic value is intended to offer a precise evaluation of an asset independent of market value. It is said that Bitcoin does not hold any real value on its own, which is a total myth. However, intrinsic value isn’t appropriate for many assets other than stocks and businesses because it uses metrics like cash flow. It also applies to Bitcoin, as well as gold and other commodities, without an underlying cash flow.\n\nIts supply, limited to 21 million in the real world, is alone a massive driving force in itself, raising its value. If one were to apply a more general definition, one could argue that the value of Bitcoin comes from its uniqueness, its reputation as the very first decentralized digital currency, and its large user, developer, and mining community worldwide, all of which have helped it grow to become an asset surpassing over $1.4 trillion at its peak.\n\n#4: Bitcoin Mining is Less inclined toward Sustainability\nThe cryptocurrency sector is making headway in addressing environmental problems despite the ongoing dispute. Although there is still debate on Bitcoin’s energy usage, new data from the Cambridge Bitcoin Electricity Consumption Index indicates a drop in greenhouse gas emissions. There is growing agreement among regulatory bodies that sustainable practices are necessary, and this is reflected in their quest for greener Bitcoin mining methods.\n\nFurthermore, the industry’s use of energy-efficient technologies and renewable energy sources, including hydropower, wind, and solar power, highlights its commitment to environmental responsibility. Ethereum’s recent attempt to switch to proof-of-stake, an efficient consensus method, represents a broader commitment to lowering the environmental impact of cryptocurrencies.\n\n#5: Bitcoin wastes Energy in high amounts\nBitcoin is mined using specialized gear that demands high computational work and consumes Energy; it has to be agreed upon. However, this Energy cannot be characterized as waste because it is extremely helpful in securing the network. Many people asserted that the energy source miners are frequently connected to the national grid, which gets its electricity from non-sustainable sources. However, the dynamics of the market have forced Bitcoin mining to look for the least expensive energy sources and sustainable means.\n\nBitcoin mining’s energy has definitely been a concern for many in the past few years as it requires a lot of energy. However, it’s also true that there have been advancements that are eliminating the risks associated with energy consumption. Bitcoin is considerably efficient in electricity use. However, other means that utilize energy in the highest amount are global banking systems, which are conniving ATMs, transaction machines, banking systems, etc. However, they are not doing much about it. Bitcoin mining is moving towards greener mining, and therefore, it is not a bad idea to mine it. There will be even more developments in the future that will evidently reduce the energy-intensive mining that has been occurring throughout the last few years.\n\n#6: Bitcoin compromises security as it is mainly used for Illicit activities\nBitcoin was the first ever cryptocurrency to address the double-spending issue, eliminating the prominence of trustless transactions amongst peer-to-peer cryptocurrencies. It is required to take control of 51% of the network in order to carry out the hacking or malicious activity and execute the attempt to take control of the majority of the network itself by one body versus the millions of users participating in the Bitcoin network is next to impossible or highly unlikely. Every Bitcoin transaction is verified and then added to the public blockchain, which maintains the immutability and privacy of the entire Bitcoin network.\n\nIt has been discovered that several of the largest banks in the world have helped criminals launder trillions of dollars. It is valid to some extent that in the early days of Bitcoin, there were a few websites that accepted only Bitcoin as a mode of transaction, and criminals utilized these sites for illegal purposes. Still, then, it was also strictly looked upon, and it eventually stopped. Now, with the publicly verified ledgers of the Bitcoin network, increasing popularity, and increasing network difficulty, the focus of carrying out illicit activities on the Bitcoin network has shifted away drastically."}" data-sheets-root="1" data-mce-fragment="1">2. 比特币是一个泡沫 {"1":14}{"1":519,"2":{"5":1}} {"1":563}{"1":576,"2":{"5":1}} {"1":598}{"1":1337,"2":{"5":1}} {"1":1360}{"1":2394,"2":{"5":1}} {"1":2428}{"1":3346,"2":{"5":1}} {"1":3403}{"1":4227,"2":{"5":1}} {"1":4268}{"1":5552,"2":{"5":1}} {"1":5628}" data-sheets-userformat="{"2":641,"3":{"1":0},"10":0,"12":0}" data-sheets-value="{"1":2,"2":"Quick Summary\n\nBitcoin, being the flagship cryptocurrency out of all the cryptocurrencies, also gave rise to several rumours and myths, which some people believe and some don’t. When there are misconceptions, it is sure to bring a humble bustle in the mind of investors or miners as to what if it actually turns out to be what’s mentioned.\n\nTherefore, in this blog, we have tried to cover almost all the myths related to the well-known cryptocurrency Bitcoin, discover what’s behind those myths, and unveil the truth.\n\nCommon Myths associated with Bitcoin Mining\n---image---\n\n#1: Bitcoin is Illegal\nIt is said that in many countries, Bitcoin is illegal. However, it is not valid. A few countries have placed a ban on Bitcoins, such as China, Bangladesh, Morocco, Egypt, Iraq, and Algeria. It is also the case that in the majority of countries Bitcoin might not be legalized and unregulated. However, anyone in these countries can freely buy, sell, mine, and use Bitcoin if they want to.\n\nAlso, the U.S. IRS considers Bitcoin or cryptocurrency a digital asset like stocks and trades. Its usage has been regulated, and now they have also imposed taxation depending on how and for how long one holds the crypto, marking the regulation of Bitcoin and asserting that it is not illegal everywhere except for a few countries across the globe.\n\n#2: Bitcoin is a Bubble\nA lot of people think that Bitcoin (BTC) is a bubble that will collapse and cause investors to lose a lot of money. Indeed, some investors in Bitcoin do so speculatively in the hopes of making significant profits, but this does not prove that the market is in a bubble. Despite significant variations in prices throughout its 14-year existence, Bitcoin has continuously shown that it is resilient and capable of recovering. Bitcoin has reached new all-time highs by enduring every price pattern of rise and fall.\n\nMany supporters of Bitcoin argue that these price cycles are a regular occurrence for developing markets, viewing them as a plus rather than a disadvantage. New technologies often go through price cycles as the market works out their actual value through a process called price discovery. Supporters of Bitcoin anticipate less severe price fluctuations and longer time spans between them as the currency develops and becomes more widely used globally. It is also expected to lead to more stable pricing in the future.\n\n#3: Bitcoin has no intrinsic value\nIn its most fundamental financial form, intrinsic value is intended to offer a precise evaluation of an asset independent of market value. It is said that Bitcoin does not hold any real value on its own, which is a total myth. However, intrinsic value isn’t appropriate for many assets other than stocks and businesses because it uses metrics like cash flow. It also applies to Bitcoin, as well as gold and other commodities, without an underlying cash flow.\n\nIts supply, limited to 21 million in the real world, is alone a massive driving force in itself, raising its value. If one were to apply a more general definition, one could argue that the value of Bitcoin comes from its uniqueness, its reputation as the very first decentralized digital currency, and its large user, developer, and mining community worldwide, all of which have helped it grow to become an asset surpassing over $1.4 trillion at its peak.\n\n#4: Bitcoin Mining is Less inclined toward Sustainability\nThe cryptocurrency sector is making headway in addressing environmental problems despite the ongoing dispute. Although there is still debate on Bitcoin’s energy usage, new data from the Cambridge Bitcoin Electricity Consumption Index indicates a drop in greenhouse gas emissions. There is growing agreement among regulatory bodies that sustainable practices are necessary, and this is reflected in their quest for greener Bitcoin mining methods.\n\nFurthermore, the industry’s use of energy-efficient technologies and renewable energy sources, including hydropower, wind, and solar power, highlights its commitment to environmental responsibility. Ethereum’s recent attempt to switch to proof-of-stake, an efficient consensus method, represents a broader commitment to lowering the environmental impact of cryptocurrencies.\n\n#5: Bitcoin wastes Energy in high amounts\nBitcoin is mined using specialized gear that demands high computational work and consumes Energy; it has to be agreed upon. However, this Energy cannot be characterized as waste because it is extremely helpful in securing the network. Many people asserted that the energy source miners are frequently connected to the national grid, which gets its electricity from non-sustainable sources. However, the dynamics of the market have forced Bitcoin mining to look for the least expensive energy sources and sustainable means.\n\nBitcoin mining’s energy has definitely been a concern for many in the past few years as it requires a lot of energy. However, it’s also true that there have been advancements that are eliminating the risks associated with energy consumption. Bitcoin is considerably efficient in electricity use. However, other means that utilize energy in the highest amount are global banking systems, which are conniving ATMs, transaction machines, banking systems, etc. However, they are not doing much about it. Bitcoin mining is moving towards greener mining, and therefore, it is not a bad idea to mine it. There will be even more developments in the future that will evidently reduce the energy-intensive mining that has been occurring throughout the last few years.\n\n#6: Bitcoin compromises security as it is mainly used for Illicit activities\nBitcoin was the first ever cryptocurrency to address the double-spending issue, eliminating the prominence of trustless transactions amongst peer-to-peer cryptocurrencies. It is required to take control of 51% of the network in order to carry out the hacking or malicious activity and execute the attempt to take control of the majority of the network itself by one body versus the millions of users participating in the Bitcoin network is next to impossible or highly unlikely. Every Bitcoin transaction is verified and then added to the public blockchain, which maintains the immutability and privacy of the entire Bitcoin network.\n\nIt has been discovered that several of the largest banks in the world have helped criminals launder trillions of dollars. It is valid to some extent that in the early days of Bitcoin, there were a few websites that accepted only Bitcoin as a mode of transaction, and criminals utilized these sites for illegal purposes. Still, then, it was also strictly looked upon, and it eventually stopped. Now, with the publicly verified ledgers of the Bitcoin network, increasing popularity, and increasing network difficulty, the focus of carrying out illicit activities on the Bitcoin network has shifted away drastically."}" data-sheets-root="1" data-mce-fragment="1">很多人认为比特币（BTC）是一个泡沫，泡沫会破裂并导致投资者损失惨重。事实上，一些比特币投资者投机性地这样做，希望获得可观的利润，但这并不能证明市场处于泡沫之中。尽管比特币在其 14 年的发展历程中价格波动很大，但它不断显示出其韧性和恢复能力。比特币经历了每一次价格上涨和下跌，创下了历史新高。

{"1":14}{"1":519,"2":{"5":1}} {"1":563}{"1":576,"2":{"5":1}} {"1":598}{"1":1337,"2":{"5":1}} {"1":1360}{"1":2394,"2":{"5":1}} {"1":2428}{"1":3346,"2":{"5":1}} {"1":3403}{"1":4227,"2":{"5":1}} {"1":4268}{"1":5552,"2":{"5":1}} {"1":5628}" data-sheets-userformat="{"2":641,"3":{"1":0},"10":0,"12":0}" data-sheets-value="{"1":2,"2":"Quick Summary\n\nBitcoin, being the flagship cryptocurrency out of all the cryptocurrencies, also gave rise to several rumours and myths, which some people believe and some don’t. When there are misconceptions, it is sure to bring a humble bustle in the mind of investors or miners as to what if it actually turns out to be what’s mentioned.\n\nTherefore, in this blog, we have tried to cover almost all the myths related to the well-known cryptocurrency Bitcoin, discover what’s behind those myths, and unveil the truth.\n\nCommon Myths associated with Bitcoin Mining\n---image---\n\n#1: Bitcoin is Illegal\nIt is said that in many countries, Bitcoin is illegal. However, it is not valid. A few countries have placed a ban on Bitcoins, such as China, Bangladesh, Morocco, Egypt, Iraq, and Algeria. It is also the case that in the majority of countries Bitcoin might not be legalized and unregulated. However, anyone in these countries can freely buy, sell, mine, and use Bitcoin if they want to.\n\nAlso, the U.S. IRS considers Bitcoin or cryptocurrency a digital asset like stocks and trades. Its usage has been regulated, and now they have also imposed taxation depending on how and for how long one holds the crypto, marking the regulation of Bitcoin and asserting that it is not illegal everywhere except for a few countries across the globe.\n\n#2: Bitcoin is a Bubble\nA lot of people think that Bitcoin (BTC) is a bubble that will collapse and cause investors to lose a lot of money. Indeed, some investors in Bitcoin do so speculatively in the hopes of making significant profits, but this does not prove that the market is in a bubble. Despite significant variations in prices throughout its 14-year existence, Bitcoin has continuously shown that it is resilient and capable of recovering. Bitcoin has reached new all-time highs by enduring every price pattern of rise and fall.\n\nMany supporters of Bitcoin argue that these price cycles are a regular occurrence for developing markets, viewing them as a plus rather than a disadvantage. New technologies often go through price cycles as the market works out their actual value through a process called price discovery. Supporters of Bitcoin anticipate less severe price fluctuations and longer time spans between them as the currency develops and becomes more widely used globally. It is also expected to lead to more stable pricing in the future.\n\n#3: Bitcoin has no intrinsic value\nIn its most fundamental financial form, intrinsic value is intended to offer a precise evaluation of an asset independent of market value. It is said that Bitcoin does not hold any real value on its own, which is a total myth. However, intrinsic value isn’t appropriate for many assets other than stocks and businesses because it uses metrics like cash flow. It also applies to Bitcoin, as well as gold and other commodities, without an underlying cash flow.\n\nIts supply, limited to 21 million in the real world, is alone a massive driving force in itself, raising its value. If one were to apply a more general definition, one could argue that the value of Bitcoin comes from its uniqueness, its reputation as the very first decentralized digital currency, and its large user, developer, and mining community worldwide, all of which have helped it grow to become an asset surpassing over $1.4 trillion at its peak.\n\n#4: Bitcoin Mining is Less inclined toward Sustainability\nThe cryptocurrency sector is making headway in addressing environmental problems despite the ongoing dispute. Although there is still debate on Bitcoin’s energy usage, new data from the Cambridge Bitcoin Electricity Consumption Index indicates a drop in greenhouse gas emissions. There is growing agreement among regulatory bodies that sustainable practices are necessary, and this is reflected in their quest for greener Bitcoin mining methods.\n\nFurthermore, the industry’s use of energy-efficient technologies and renewable energy sources, including hydropower, wind, and solar power, highlights its commitment to environmental responsibility. Ethereum’s recent attempt to switch to proof-of-stake, an efficient consensus method, represents a broader commitment to lowering the environmental impact of cryptocurrencies.\n\n#5: Bitcoin wastes Energy in high amounts\nBitcoin is mined using specialized gear that demands high computational work and consumes Energy; it has to be agreed upon. However, this Energy cannot be characterized as waste because it is extremely helpful in securing the network. Many people asserted that the energy source miners are frequently connected to the national grid, which gets its electricity from non-sustainable sources. However, the dynamics of the market have forced Bitcoin mining to look for the least expensive energy sources and sustainable means.\n\nBitcoin mining’s energy has definitely been a concern for many in the past few years as it requires a lot of energy. However, it’s also true that there have been advancements that are eliminating the risks associated with energy consumption. Bitcoin is considerably efficient in electricity use. However, other means that utilize energy in the highest amount are global banking systems, which are conniving ATMs, transaction machines, banking systems, etc. However, they are not doing much about it. Bitcoin mining is moving towards greener mining, and therefore, it is not a bad idea to mine it. There will be even more developments in the future that will evidently reduce the energy-intensive mining that has been occurring throughout the last few years.\n\n#6: Bitcoin compromises security as it is mainly used for Illicit activities\nBitcoin was the first ever cryptocurrency to address the double-spending issue, eliminating the prominence of trustless transactions amongst peer-to-peer cryptocurrencies. It is required to take control of 51% of the network in order to carry out the hacking or malicious activity and execute the attempt to take control of the majority of the network itself by one body versus the millions of users participating in the Bitcoin network is next to impossible or highly unlikely. Every Bitcoin transaction is verified and then added to the public blockchain, which maintains the immutability and privacy of the entire Bitcoin network.\n\nIt has been discovered that several of the largest banks in the world have helped criminals launder trillions of dollars. It is valid to some extent that in the early days of Bitcoin, there were a few websites that accepted only Bitcoin as a mode of transaction, and criminals utilized these sites for illegal purposes. Still, then, it was also strictly looked upon, and it eventually stopped. Now, with the publicly verified ledgers of the Bitcoin network, increasing popularity, and increasing network difficulty, the focus of carrying out illicit activities on the Bitcoin network has shifted away drastically."}" data-sheets-root="1" data-mce-fragment="1">许多比特币的支持者认为，这些价格周期对于发展中市场来说是常有的事，他们认为这是一种优势而不是劣势。新技术通常会经历价格周期，因为市场会通过一个称为价格发现的过程来确定它们的实际价值。随着比特币的发展和在全球范围内的广泛使用，比特币的支持者预计价格波动会减少，波动间隔会更长。预计未来比特币的价格也会更加稳定。

{"1":14}{"1":519,"2":{"5":1}} {"1":563}{"1":576,"2":{"5":1}} {"1":598}{"1":1337,"2":{"5":1}} {"1":1360}{"1":2394,"2":{"5":1}} {"1":2428}{"1":3346,"2":{"5":1}} {"1":3403}{"1":4227,"2":{"5":1}} {"1":4268}{"1":5552,"2":{"5":1}} {"1":5628}" data-sheets-userformat="{"2":641,"3":{"1":0},"10":0,"12":0}" data-sheets-value="{"1":2,"2":"Quick Summary\n\nBitcoin, being the flagship cryptocurrency out of all the cryptocurrencies, also gave rise to several rumours and myths, which some people believe and some don’t. When there are misconceptions, it is sure to bring a humble bustle in the mind of investors or miners as to what if it actually turns out to be what’s mentioned.\n\nTherefore, in this blog, we have tried to cover almost all the myths related to the well-known cryptocurrency Bitcoin, discover what’s behind those myths, and unveil the truth.\n\nCommon Myths associated with Bitcoin Mining\n---image---\n\n#1: Bitcoin is Illegal\nIt is said that in many countries, Bitcoin is illegal. However, it is not valid. A few countries have placed a ban on Bitcoins, such as China, Bangladesh, Morocco, Egypt, Iraq, and Algeria. It is also the case that in the majority of countries Bitcoin might not be legalized and unregulated. However, anyone in these countries can freely buy, sell, mine, and use Bitcoin if they want to.\n\nAlso, the U.S. IRS considers Bitcoin or cryptocurrency a digital asset like stocks and trades. Its usage has been regulated, and now they have also imposed taxation depending on how and for how long one holds the crypto, marking the regulation of Bitcoin and asserting that it is not illegal everywhere except for a few countries across the globe.\n\n#2: Bitcoin is a Bubble\nA lot of people think that Bitcoin (BTC) is a bubble that will collapse and cause investors to lose a lot of money. Indeed, some investors in Bitcoin do so speculatively in the hopes of making significant profits, but this does not prove that the market is in a bubble. Despite significant variations in prices throughout its 14-year existence, Bitcoin has continuously shown that it is resilient and capable of recovering. Bitcoin has reached new all-time highs by enduring every price pattern of rise and fall.\n\nMany supporters of Bitcoin argue that these price cycles are a regular occurrence for developing markets, viewing them as a plus rather than a disadvantage. New technologies often go through price cycles as the market works out their actual value through a process called price discovery. Supporters of Bitcoin anticipate less severe price fluctuations and longer time spans between them as the currency develops and becomes more widely used globally. It is also expected to lead to more stable pricing in the future.\n\n#3: Bitcoin has no intrinsic value\nIn its most fundamental financial form, intrinsic value is intended to offer a precise evaluation of an asset independent of market value. It is said that Bitcoin does not hold any real value on its own, which is a total myth. However, intrinsic value isn’t appropriate for many assets other than stocks and businesses because it uses metrics like cash flow. It also applies to Bitcoin, as well as gold and other commodities, without an underlying cash flow.\n\nIts supply, limited to 21 million in the real world, is alone a massive driving force in itself, raising its value. If one were to apply a more general definition, one could argue that the value of Bitcoin comes from its uniqueness, its reputation as the very first decentralized digital currency, and its large user, developer, and mining community worldwide, all of which have helped it grow to become an asset surpassing over $1.4 trillion at its peak.\n\n#4: Bitcoin Mining is Less inclined toward Sustainability\nThe cryptocurrency sector is making headway in addressing environmental problems despite the ongoing dispute. Although there is still debate on Bitcoin’s energy usage, new data from the Cambridge Bitcoin Electricity Consumption Index indicates a drop in greenhouse gas emissions. There is growing agreement among regulatory bodies that sustainable practices are necessary, and this is reflected in their quest for greener Bitcoin mining methods.\n\nFurthermore, the industry’s use of energy-efficient technologies and renewable energy sources, including hydropower, wind, and solar power, highlights its commitment to environmental responsibility. Ethereum’s recent attempt to switch to proof-of-stake, an efficient consensus method, represents a broader commitment to lowering the environmental impact of cryptocurrencies.\n\n#5: Bitcoin wastes Energy in high amounts\nBitcoin is mined using specialized gear that demands high computational work and consumes Energy; it has to be agreed upon. However, this Energy cannot be characterized as waste because it is extremely helpful in securing the network. Many people asserted that the energy source miners are frequently connected to the national grid, which gets its electricity from non-sustainable sources. However, the dynamics of the market have forced Bitcoin mining to look for the least expensive energy sources and sustainable means.\n\nBitcoin mining’s energy has definitely been a concern for many in the past few years as it requires a lot of energy. However, it’s also true that there have been advancements that are eliminating the risks associated with energy consumption. Bitcoin is considerably efficient in electricity use. However, other means that utilize energy in the highest amount are global banking systems, which are conniving ATMs, transaction machines, banking systems, etc. However, they are not doing much about it. Bitcoin mining is moving towards greener mining, and therefore, it is not a bad idea to mine it. There will be even more developments in the future that will evidently reduce the energy-intensive mining that has been occurring throughout the last few years.\n\n#6: Bitcoin compromises security as it is mainly used for Illicit activities\nBitcoin was the first ever cryptocurrency to address the double-spending issue, eliminating the prominence of trustless transactions amongst peer-to-peer cryptocurrencies. It is required to take control of 51% of the network in order to carry out the hacking or malicious activity and execute the attempt to take control of the majority of the network itself by one body versus the millions of users participating in the Bitcoin network is next to impossible or highly unlikely. Every Bitcoin transaction is verified and then added to the public blockchain, which maintains the immutability and privacy of the entire Bitcoin network.\n\nIt has been discovered that several of the largest banks in the world have helped criminals launder trillions of dollars. It is valid to some extent that in the early days of Bitcoin, there were a few websites that accepted only Bitcoin as a mode of transaction, and criminals utilized these sites for illegal purposes. Still, then, it was also strictly looked upon, and it eventually stopped. Now, with the publicly verified ledgers of the Bitcoin network, increasing popularity, and increasing network difficulty, the focus of carrying out illicit activities on the Bitcoin network has shifted away drastically."}" data-sheets-root="1" data-mce-fragment="1">3. 比特币没有内在价值 {"1":14}{"1":519,"2":{"5":1}} {"1":563}{"1":576,"2":{"5":1}} {"1":598}{"1":1337,"2":{"5":1}} {"1":1360}{"1":2394,"2":{"5":1}} {"1":2428}{"1":3346,"2":{"5":1}} {"1":3403}{"1":4227,"2":{"5":1}} {"1":4268}{"1":5552,"2":{"5":1}} {"1":5628}" data-sheets-userformat="{"2":641,"3":{"1":0},"10":0,"12":0}" data-sheets-value="{"1":2,"2":"Quick Summary\n\nBitcoin, being the flagship cryptocurrency out of all the cryptocurrencies, also gave rise to several rumours and myths, which some people believe and some don’t. When there are misconceptions, it is sure to bring a humble bustle in the mind of investors or miners as to what if it actually turns out to be what’s mentioned.\n\nTherefore, in this blog, we have tried to cover almost all the myths related to the well-known cryptocurrency Bitcoin, discover what’s behind those myths, and unveil the truth.\n\nCommon Myths associated with Bitcoin Mining\n---image---\n\n#1: Bitcoin is Illegal\nIt is said that in many countries, Bitcoin is illegal. However, it is not valid. A few countries have placed a ban on Bitcoins, such as China, Bangladesh, Morocco, Egypt, Iraq, and Algeria. It is also the case that in the majority of countries Bitcoin might not be legalized and unregulated. However, anyone in these countries can freely buy, sell, mine, and use Bitcoin if they want to.\n\nAlso, the U.S. IRS considers Bitcoin or cryptocurrency a digital asset like stocks and trades. Its usage has been regulated, and now they have also imposed taxation depending on how and for how long one holds the crypto, marking the regulation of Bitcoin and asserting that it is not illegal everywhere except for a few countries across the globe.\n\n#2: Bitcoin is a Bubble\nA lot of people think that Bitcoin (BTC) is a bubble that will collapse and cause investors to lose a lot of money. Indeed, some investors in Bitcoin do so speculatively in the hopes of making significant profits, but this does not prove that the market is in a bubble. Despite significant variations in prices throughout its 14-year existence, Bitcoin has continuously shown that it is resilient and capable of recovering. Bitcoin has reached new all-time highs by enduring every price pattern of rise and fall.\n\nMany supporters of Bitcoin argue that these price cycles are a regular occurrence for developing markets, viewing them as a plus rather than a disadvantage. New technologies often go through price cycles as the market works out their actual value through a process called price discovery. Supporters of Bitcoin anticipate less severe price fluctuations and longer time spans between them as the currency develops and becomes more widely used globally. It is also expected to lead to more stable pricing in the future.\n\n#3: Bitcoin has no intrinsic value\nIn its most fundamental financial form, intrinsic value is intended to offer a precise evaluation of an asset independent of market value. It is said that Bitcoin does not hold any real value on its own, which is a total myth. However, intrinsic value isn’t appropriate for many assets other than stocks and businesses because it uses metrics like cash flow. It also applies to Bitcoin, as well as gold and other commodities, without an underlying cash flow.\n\nIts supply, limited to 21 million in the real world, is alone a massive driving force in itself, raising its value. If one were to apply a more general definition, one could argue that the value of Bitcoin comes from its uniqueness, its reputation as the very first decentralized digital currency, and its large user, developer, and mining community worldwide, all of which have helped it grow to become an asset surpassing over $1.4 trillion at its peak.\n\n#4: Bitcoin Mining is Less inclined toward Sustainability\nThe cryptocurrency sector is making headway in addressing environmental problems despite the ongoing dispute. Although there is still debate on Bitcoin’s energy usage, new data from the Cambridge Bitcoin Electricity Consumption Index indicates a drop in greenhouse gas emissions. There is growing agreement among regulatory bodies that sustainable practices are necessary, and this is reflected in their quest for greener Bitcoin mining methods.\n\nFurthermore, the industry’s use of energy-efficient technologies and renewable energy sources, including hydropower, wind, and solar power, highlights its commitment to environmental responsibility. Ethereum’s recent attempt to switch to proof-of-stake, an efficient consensus method, represents a broader commitment to lowering the environmental impact of cryptocurrencies.\n\n#5: Bitcoin wastes Energy in high amounts\nBitcoin is mined using specialized gear that demands high computational work and consumes Energy; it has to be agreed upon. However, this Energy cannot be characterized as waste because it is extremely helpful in securing the network. Many people asserted that the energy source miners are frequently connected to the national grid, which gets its electricity from non-sustainable sources. However, the dynamics of the market have forced Bitcoin mining to look for the least expensive energy sources and sustainable means.\n\nBitcoin mining’s energy has definitely been a concern for many in the past few years as it requires a lot of energy. However, it’s also true that there have been advancements that are eliminating the risks associated with energy consumption. Bitcoin is considerably efficient in electricity use. However, other means that utilize energy in the highest amount are global banking systems, which are conniving ATMs, transaction machines, banking systems, etc. However, they are not doing much about it. Bitcoin mining is moving towards greener mining, and therefore, it is not a bad idea to mine it. There will be even more developments in the future that will evidently reduce the energy-intensive mining that has been occurring throughout the last few years.\n\n#6: Bitcoin compromises security as it is mainly used for Illicit activities\nBitcoin was the first ever cryptocurrency to address the double-spending issue, eliminating the prominence of trustless transactions amongst peer-to-peer cryptocurrencies. It is required to take control of 51% of the network in order to carry out the hacking or malicious activity and execute the attempt to take control of the majority of the network itself by one body versus the millions of users participating in the Bitcoin network is next to impossible or highly unlikely. Every Bitcoin transaction is verified and then added to the public blockchain, which maintains the immutability and privacy of the entire Bitcoin network.\n\nIt has been discovered that several of the largest banks in the world have helped criminals launder trillions of dollars. It is valid to some extent that in the early days of Bitcoin, there were a few websites that accepted only Bitcoin as a mode of transaction, and criminals utilized these sites for illegal purposes. Still, then, it was also strictly looked upon, and it eventually stopped. Now, with the publicly verified ledgers of the Bitcoin network, increasing popularity, and increasing network difficulty, the focus of carrying out illicit activities on the Bitcoin network has shifted away drastically."}" data-sheets-root="1" data-mce-fragment="1">内在价值是金融领域最基本的衡量标准，其目的是对资产进行独立于市场价值的精确评估。有人说，比特币本身不具备任何实际价值，这完全是无稽之谈。然而，内在价值并不适用于股票和企业以外的许多资产，因为它使用现金流等指标。它也适用于比特币以及黄金和其他没有基础现金流的商品。

{"1":14}{"1":519,"2":{"5":1}} {"1":563}{"1":576,"2":{"5":1}} {"1":598}{"1":1337,"2":{"5":1}} {"1":1360}{"1":2394,"2":{"5":1}} {"1":2428}{"1":3346,"2":{"5":1}} {"1":3403}{"1":4227,"2":{"5":1}} {"1":4268}{"1":5552,"2":{"5":1}} {"1":5628}" data-sheets-userformat="{"2":641,"3":{"1":0},"10":0,"12":0}" data-sheets-value="{"1":2,"2":"Quick Summary\n\nBitcoin, being the flagship cryptocurrency out of all the cryptocurrencies, also gave rise to several rumours and myths, which some people believe and some don’t. When there are misconceptions, it is sure to bring a humble bustle in the mind of investors or miners as to what if it actually turns out to be what’s mentioned.\n\nTherefore, in this blog, we have tried to cover almost all the myths related to the well-known cryptocurrency Bitcoin, discover what’s behind those myths, and unveil the truth.\n\nCommon Myths associated with Bitcoin Mining\n---image---\n\n#1: Bitcoin is Illegal\nIt is said that in many countries, Bitcoin is illegal. However, it is not valid. A few countries have placed a ban on Bitcoins, such as China, Bangladesh, Morocco, Egypt, Iraq, and Algeria. It is also the case that in the majority of countries Bitcoin might not be legalized and unregulated. However, anyone in these countries can freely buy, sell, mine, and use Bitcoin if they want to.\n\nAlso, the U.S. IRS considers Bitcoin or cryptocurrency a digital asset like stocks and trades. Its usage has been regulated, and now they have also imposed taxation depending on how and for how long one holds the crypto, marking the regulation of Bitcoin and asserting that it is not illegal everywhere except for a few countries across the globe.\n\n#2: Bitcoin is a Bubble\nA lot of people think that Bitcoin (BTC) is a bubble that will collapse and cause investors to lose a lot of money. Indeed, some investors in Bitcoin do so speculatively in the hopes of making significant profits, but this does not prove that the market is in a bubble. Despite significant variations in prices throughout its 14-year existence, Bitcoin has continuously shown that it is resilient and capable of recovering. Bitcoin has reached new all-time highs by enduring every price pattern of rise and fall.\n\nMany supporters of Bitcoin argue that these price cycles are a regular occurrence for developing markets, viewing them as a plus rather than a disadvantage. New technologies often go through price cycles as the market works out their actual value through a process called price discovery. Supporters of Bitcoin anticipate less severe price fluctuations and longer time spans between them as the currency develops and becomes more widely used globally. It is also expected to lead to more stable pricing in the future.\n\n#3: Bitcoin has no intrinsic value\nIn its most fundamental financial form, intrinsic value is intended to offer a precise evaluation of an asset independent of market value. It is said that Bitcoin does not hold any real value on its own, which is a total myth. However, intrinsic value isn’t appropriate for many assets other than stocks and businesses because it uses metrics like cash flow. It also applies to Bitcoin, as well as gold and other commodities, without an underlying cash flow.\n\nIts supply, limited to 21 million in the real world, is alone a massive driving force in itself, raising its value. If one were to apply a more general definition, one could argue that the value of Bitcoin comes from its uniqueness, its reputation as the very first decentralized digital currency, and its large user, developer, and mining community worldwide, all of which have helped it grow to become an asset surpassing over $1.4 trillion at its peak.\n\n#4: Bitcoin Mining is Less inclined toward Sustainability\nThe cryptocurrency sector is making headway in addressing environmental problems despite the ongoing dispute. Although there is still debate on Bitcoin’s energy usage, new data from the Cambridge Bitcoin Electricity Consumption Index indicates a drop in greenhouse gas emissions. There is growing agreement among regulatory bodies that sustainable practices are necessary, and this is reflected in their quest for greener Bitcoin mining methods.\n\nFurthermore, the industry’s use of energy-efficient technologies and renewable energy sources, including hydropower, wind, and solar power, highlights its commitment to environmental responsibility. Ethereum’s recent attempt to switch to proof-of-stake, an efficient consensus method, represents a broader commitment to lowering the environmental impact of cryptocurrencies.\n\n#5: Bitcoin wastes Energy in high amounts\nBitcoin is mined using specialized gear that demands high computational work and consumes Energy; it has to be agreed upon. However, this Energy cannot be characterized as waste because it is extremely helpful in securing the network. Many people asserted that the energy source miners are frequently connected to the national grid, which gets its electricity from non-sustainable sources. However, the dynamics of the market have forced Bitcoin mining to look for the least expensive energy sources and sustainable means.\n\nBitcoin mining’s energy has definitely been a concern for many in the past few years as it requires a lot of energy. However, it’s also true that there have been advancements that are eliminating the risks associated with energy consumption. Bitcoin is considerably efficient in electricity use. However, other means that utilize energy in the highest amount are global banking systems, which are conniving ATMs, transaction machines, banking systems, etc. However, they are not doing much about it. Bitcoin mining is moving towards greener mining, and therefore, it is not a bad idea to mine it. There will be even more developments in the future that will evidently reduce the energy-intensive mining that has been occurring throughout the last few years.\n\n#6: Bitcoin compromises security as it is mainly used for Illicit activities\nBitcoin was the first ever cryptocurrency to address the double-spending issue, eliminating the prominence of trustless transactions amongst peer-to-peer cryptocurrencies. It is required to take control of 51% of the network in order to carry out the hacking or malicious activity and execute the attempt to take control of the majority of the network itself by one body versus the millions of users participating in the Bitcoin network is next to impossible or highly unlikely. Every Bitcoin transaction is verified and then added to the public blockchain, which maintains the immutability and privacy of the entire Bitcoin network.\n\nIt has been discovered that several of the largest banks in the world have helped criminals launder trillions of dollars. It is valid to some extent that in the early days of Bitcoin, there were a few websites that accepted only Bitcoin as a mode of transaction, and criminals utilized these sites for illegal purposes. Still, then, it was also strictly looked upon, and it eventually stopped. Now, with the publicly verified ledgers of the Bitcoin network, increasing popularity, and increasing network difficulty, the focus of carrying out illicit activities on the Bitcoin network has shifted away drastically."}" data-sheets-root="1" data-mce-fragment="1">比特币的供应量在现实世界中被限制在 2100 万枚，但仅凭这一点，它本身就是一种巨大的推动力，提升了它的价值。如果要应用一个更宽泛的定义，人们可以说，比特币的价值来自于它的独特性、它作为第一个去中心化数字货币的声誉，以及它在全球的庞大用户、开发者和挖矿社区，所有这些都帮助它成长为一项在巅峰时期超过 1.4 万亿美元的资产。

{"1":14}{"1":519,"2":{"5":1}} {"1":563}{"1":576,"2":{"5":1}} {"1":598}{"1":1337,"2":{"5":1}} {"1":1360}{"1":2394,"2":{"5":1}} {"1":2428}{"1":3346,"2":{"5":1}} {"1":3403}{"1":4227,"2":{"5":1}} {"1":4268}{"1":5552,"2":{"5":1}} {"1":5628}" data-sheets-userformat="{"2":641,"3":{"1":0},"10":0,"12":0}" data-sheets-value="{"1":2,"2":"Quick Summary\n\nBitcoin, being the flagship cryptocurrency out of all the cryptocurrencies, also gave rise to several rumours and myths, which some people believe and some don’t. When there are misconceptions, it is sure to bring a humble bustle in the mind of investors or miners as to what if it actually turns out to be what’s mentioned.\n\nTherefore, in this blog, we have tried to cover almost all the myths related to the well-known cryptocurrency Bitcoin, discover what’s behind those myths, and unveil the truth.\n\nCommon Myths associated with Bitcoin Mining\n---image---\n\n#1: Bitcoin is Illegal\nIt is said that in many countries, Bitcoin is illegal. However, it is not valid. A few countries have placed a ban on Bitcoins, such as China, Bangladesh, Morocco, Egypt, Iraq, and Algeria. It is also the case that in the majority of countries Bitcoin might not be legalized and unregulated. However, anyone in these countries can freely buy, sell, mine, and use Bitcoin if they want to.\n\nAlso, the U.S. IRS considers Bitcoin or cryptocurrency a digital asset like stocks and trades. Its usage has been regulated, and now they have also imposed taxation depending on how and for how long one holds the crypto, marking the regulation of Bitcoin and asserting that it is not illegal everywhere except for a few countries across the globe.\n\n#2: Bitcoin is a Bubble\nA lot of people think that Bitcoin (BTC) is a bubble that will collapse and cause investors to lose a lot of money. Indeed, some investors in Bitcoin do so speculatively in the hopes of making significant profits, but this does not prove that the market is in a bubble. Despite significant variations in prices throughout its 14-year existence, Bitcoin has continuously shown that it is resilient and capable of recovering. Bitcoin has reached new all-time highs by enduring every price pattern of rise and fall.\n\nMany supporters of Bitcoin argue that these price cycles are a regular occurrence for developing markets, viewing them as a plus rather than a disadvantage. New technologies often go through price cycles as the market works out their actual value through a process called price discovery. Supporters of Bitcoin anticipate less severe price fluctuations and longer time spans between them as the currency develops and becomes more widely used globally. It is also expected to lead to more stable pricing in the future.\n\n#3: Bitcoin has no intrinsic value\nIn its most fundamental financial form, intrinsic value is intended to offer a precise evaluation of an asset independent of market value. It is said that Bitcoin does not hold any real value on its own, which is a total myth. However, intrinsic value isn’t appropriate for many assets other than stocks and businesses because it uses metrics like cash flow. It also applies to Bitcoin, as well as gold and other commodities, without an underlying cash flow.\n\nIts supply, limited to 21 million in the real world, is alone a massive driving force in itself, raising its value. If one were to apply a more general definition, one could argue that the value of Bitcoin comes from its uniqueness, its reputation as the very first decentralized digital currency, and its large user, developer, and mining community worldwide, all of which have helped it grow to become an asset surpassing over $1.4 trillion at its peak.\n\n#4: Bitcoin Mining is Less inclined toward Sustainability\nThe cryptocurrency sector is making headway in addressing environmental problems despite the ongoing dispute. Although there is still debate on Bitcoin’s energy usage, new data from the Cambridge Bitcoin Electricity Consumption Index indicates a drop in greenhouse gas emissions. There is growing agreement among regulatory bodies that sustainable practices are necessary, and this is reflected in their quest for greener Bitcoin mining methods.\n\nFurthermore, the industry’s use of energy-efficient technologies and renewable energy sources, including hydropower, wind, and solar power, highlights its commitment to environmental responsibility. Ethereum’s recent attempt to switch to proof-of-stake, an efficient consensus method, represents a broader commitment to lowering the environmental impact of cryptocurrencies.\n\n#5: Bitcoin wastes Energy in high amounts\nBitcoin is mined using specialized gear that demands high computational work and consumes Energy; it has to be agreed upon. However, this Energy cannot be characterized as waste because it is extremely helpful in securing the network. Many people asserted that the energy source miners are frequently connected to the national grid, which gets its electricity from non-sustainable sources. However, the dynamics of the market have forced Bitcoin mining to look for the least expensive energy sources and sustainable means.\n\nBitcoin mining’s energy has definitely been a concern for many in the past few years as it requires a lot of energy. However, it’s also true that there have been advancements that are eliminating the risks associated with energy consumption. Bitcoin is considerably efficient in electricity use. However, other means that utilize energy in the highest amount are global banking systems, which are conniving ATMs, transaction machines, banking systems, etc. However, they are not doing much about it. Bitcoin mining is moving towards greener mining, and therefore, it is not a bad idea to mine it. There will be even more developments in the future that will evidently reduce the energy-intensive mining that has been occurring throughout the last few years.\n\n#6: Bitcoin compromises security as it is mainly used for Illicit activities\nBitcoin was the first ever cryptocurrency to address the double-spending issue, eliminating the prominence of trustless transactions amongst peer-to-peer cryptocurrencies. It is required to take control of 51% of the network in order to carry out the hacking or malicious activity and execute the attempt to take control of the majority of the network itself by one body versus the millions of users participating in the Bitcoin network is next to impossible or highly unlikely. Every Bitcoin transaction is verified and then added to the public blockchain, which maintains the immutability and privacy of the entire Bitcoin network.\n\nIt has been discovered that several of the largest banks in the world have helped criminals launder trillions of dollars. It is valid to some extent that in the early days of Bitcoin, there were a few websites that accepted only Bitcoin as a mode of transaction, and criminals utilized these sites for illegal purposes. Still, then, it was also strictly looked upon, and it eventually stopped. Now, with the publicly verified ledgers of the Bitcoin network, increasing popularity, and increasing network difficulty, the focus of carrying out illicit activities on the Bitcoin network has shifted away drastically."}" data-sheets-root="1" data-mce-fragment="1">4. 比特币挖矿不太倾向于可持续发展 {"1":14}{"1":519,"2":{"5":1}} {"1":563}{"1":576,"2":{"5":1}} {"1":598}{"1":1337,"2":{"5":1}} {"1":1360}{"1":2394,"2":{"5":1}} {"1":2428}{"1":3346,"2":{"5":1}} {"1":3403}{"1":4227,"2":{"5":1}} {"1":4268}{"1":5552,"2":{"5":1}} {"1":5628}" data-sheets-userformat="{"2":641,"3":{"1":0},"10":0,"12":0}" data-sheets-value="{"1":2,"2":"Quick Summary\n\nBitcoin, being the flagship cryptocurrency out of all the cryptocurrencies, also gave rise to several rumours and myths, which some people believe and some don’t. When there are misconceptions, it is sure to bring a humble bustle in the mind of investors or miners as to what if it actually turns out to be what’s mentioned.\n\nTherefore, in this blog, we have tried to cover almost all the myths related to the well-known cryptocurrency Bitcoin, discover what’s behind those myths, and unveil the truth.\n\nCommon Myths associated with Bitcoin Mining\n---image---\n\n#1: Bitcoin is Illegal\nIt is said that in many countries, Bitcoin is illegal. However, it is not valid. A few countries have placed a ban on Bitcoins, such as China, Bangladesh, Morocco, Egypt, Iraq, and Algeria. It is also the case that in the majority of countries Bitcoin might not be legalized and unregulated. However, anyone in these countries can freely buy, sell, mine, and use Bitcoin if they want to.\n\nAlso, the U.S. IRS considers Bitcoin or cryptocurrency a digital asset like stocks and trades. Its usage has been regulated, and now they have also imposed taxation depending on how and for how long one holds the crypto, marking the regulation of Bitcoin and asserting that it is not illegal everywhere except for a few countries across the globe.\n\n#2: Bitcoin is a Bubble\nA lot of people think that Bitcoin (BTC) is a bubble that will collapse and cause investors to lose a lot of money. Indeed, some investors in Bitcoin do so speculatively in the hopes of making significant profits, but this does not prove that the market is in a bubble. Despite significant variations in prices throughout its 14-year existence, Bitcoin has continuously shown that it is resilient and capable of recovering. Bitcoin has reached new all-time highs by enduring every price pattern of rise and fall.\n\nMany supporters of Bitcoin argue that these price cycles are a regular occurrence for developing markets, viewing them as a plus rather than a disadvantage. New technologies often go through price cycles as the market works out their actual value through a process called price discovery. Supporters of Bitcoin anticipate less severe price fluctuations and longer time spans between them as the currency develops and becomes more widely used globally. It is also expected to lead to more stable pricing in the future.\n\n#3: Bitcoin has no intrinsic value\nIn its most fundamental financial form, intrinsic value is intended to offer a precise evaluation of an asset independent of market value. It is said that Bitcoin does not hold any real value on its own, which is a total myth. However, intrinsic value isn’t appropriate for many assets other than stocks and businesses because it uses metrics like cash flow. It also applies to Bitcoin, as well as gold and other commodities, without an underlying cash flow.\n\nIts supply, limited to 21 million in the real world, is alone a massive driving force in itself, raising its value. If one were to apply a more general definition, one could argue that the value of Bitcoin comes from its uniqueness, its reputation as the very first decentralized digital currency, and its large user, developer, and mining community worldwide, all of which have helped it grow to become an asset surpassing over $1.4 trillion at its peak.\n\n#4: Bitcoin Mining is Less inclined toward Sustainability\nThe cryptocurrency sector is making headway in addressing environmental problems despite the ongoing dispute. Although there is still debate on Bitcoin’s energy usage, new data from the Cambridge Bitcoin Electricity Consumption Index indicates a drop in greenhouse gas emissions. There is growing agreement among regulatory bodies that sustainable practices are necessary, and this is reflected in their quest for greener Bitcoin mining methods.\n\nFurthermore, the industry’s use of energy-efficient technologies and renewable energy sources, including hydropower, wind, and solar power, highlights its commitment to environmental responsibility. Ethereum’s recent attempt to switch to proof-of-stake, an efficient consensus method, represents a broader commitment to lowering the environmental impact of cryptocurrencies.\n\n#5: Bitcoin wastes Energy in high amounts\nBitcoin is mined using specialized gear that demands high computational work and consumes Energy; it has to be agreed upon. However, this Energy cannot be characterized as waste because it is extremely helpful in securing the network. Many people asserted that the energy source miners are frequently connected to the national grid, which gets its electricity from non-sustainable sources. However, the dynamics of the market have forced Bitcoin mining to look for the least expensive energy sources and sustainable means.\n\nBitcoin mining’s energy has definitely been a concern for many in the past few years as it requires a lot of energy. However, it’s also true that there have been advancements that are eliminating the risks associated with energy consumption. Bitcoin is considerably efficient in electricity use. However, other means that utilize energy in the highest amount are global banking systems, which are conniving ATMs, transaction machines, banking systems, etc. However, they are not doing much about it. Bitcoin mining is moving towards greener mining, and therefore, it is not a bad idea to mine it. There will be even more developments in the future that will evidently reduce the energy-intensive mining that has been occurring throughout the last few years.\n\n#6: Bitcoin compromises security as it is mainly used for Illicit activities\nBitcoin was the first ever cryptocurrency to address the double-spending issue, eliminating the prominence of trustless transactions amongst peer-to-peer cryptocurrencies. It is required to take control of 51% of the network in order to carry out the hacking or malicious activity and execute the attempt to take control of the majority of the network itself by one body versus the millions of users participating in the Bitcoin network is next to impossible or highly unlikely. Every Bitcoin transaction is verified and then added to the public blockchain, which maintains the immutability and privacy of the entire Bitcoin network.\n\nIt has been discovered that several of the largest banks in the world have helped criminals launder trillions of dollars. It is valid to some extent that in the early days of Bitcoin, there were a few websites that accepted only Bitcoin as a mode of transaction, and criminals utilized these sites for illegal purposes. Still, then, it was also strictly looked upon, and it eventually stopped. Now, with the publicly verified ledgers of the Bitcoin network, increasing popularity, and increasing network difficulty, the focus of carrying out illicit activities on the Bitcoin network has shifted away drastically."}" data-sheets-root="1" data-mce-fragment="1">尽管争议不断，加密货币行业在解决环境问题方面仍取得了进展。尽管对比特币的能源使用仍存在争议，但剑桥比特币电力消耗指数的新数据显示温室气体排放量有所下降。监管机构越来越一致地认为，可持续的做法是必要的，这反映在他们对更环保的比特币挖矿方法的追求上。

{"1":14}{"1":519,"2":{"5":1}} {"1":563}{"1":576,"2":{"5":1}} {"1":598}{"1":1337,"2":{"5":1}} {"1":1360}{"1":2394,"2":{"5":1}} {"1":2428}{"1":3346,"2":{"5":1}} {"1":3403}{"1":4227,"2":{"5":1}} {"1":4268}{"1":5552,"2":{"5":1}} {"1":5628}" data-sheets-userformat="{"2":641,"3":{"1":0},"10":0,"12":0}" data-sheets-value="{"1":2,"2":"Quick Summary\n\nBitcoin, being the flagship cryptocurrency out of all the cryptocurrencies, also gave rise to several rumours and myths, which some people believe and some don’t. When there are misconceptions, it is sure to bring a humble bustle in the mind of investors or miners as to what if it actually turns out to be what’s mentioned.\n\nTherefore, in this blog, we have tried to cover almost all the myths related to the well-known cryptocurrency Bitcoin, discover what’s behind those myths, and unveil the truth.\n\nCommon Myths associated with Bitcoin Mining\n---image---\n\n#1: Bitcoin is Illegal\nIt is said that in many countries, Bitcoin is illegal. However, it is not valid. A few countries have placed a ban on Bitcoins, such as China, Bangladesh, Morocco, Egypt, Iraq, and Algeria. It is also the case that in the majority of countries Bitcoin might not be legalized and unregulated. However, anyone in these countries can freely buy, sell, mine, and use Bitcoin if they want to.\n\nAlso, the U.S. IRS considers Bitcoin or cryptocurrency a digital asset like stocks and trades. Its usage has been regulated, and now they have also imposed taxation depending on how and for how long one holds the crypto, marking the regulation of Bitcoin and asserting that it is not illegal everywhere except for a few countries across the globe.\n\n#2: Bitcoin is a Bubble\nA lot of people think that Bitcoin (BTC) is a bubble that will collapse and cause investors to lose a lot of money. Indeed, some investors in Bitcoin do so speculatively in the hopes of making significant profits, but this does not prove that the market is in a bubble. Despite significant variations in prices throughout its 14-year existence, Bitcoin has continuously shown that it is resilient and capable of recovering. Bitcoin has reached new all-time highs by enduring every price pattern of rise and fall.\n\nMany supporters of Bitcoin argue that these price cycles are a regular occurrence for developing markets, viewing them as a plus rather than a disadvantage. New technologies often go through price cycles as the market works out their actual value through a process called price discovery. Supporters of Bitcoin anticipate less severe price fluctuations and longer time spans between them as the currency develops and becomes more widely used globally. It is also expected to lead to more stable pricing in the future.\n\n#3: Bitcoin has no intrinsic value\nIn its most fundamental financial form, intrinsic value is intended to offer a precise evaluation of an asset independent of market value. It is said that Bitcoin does not hold any real value on its own, which is a total myth. However, intrinsic value isn’t appropriate for many assets other than stocks and businesses because it uses metrics like cash flow. It also applies to Bitcoin, as well as gold and other commodities, without an underlying cash flow.\n\nIts supply, limited to 21 million in the real world, is alone a massive driving force in itself, raising its value. If one were to apply a more general definition, one could argue that the value of Bitcoin comes from its uniqueness, its reputation as the very first decentralized digital currency, and its large user, developer, and mining community worldwide, all of which have helped it grow to become an asset surpassing over $1.4 trillion at its peak.\n\n#4: Bitcoin Mining is Less inclined toward Sustainability\nThe cryptocurrency sector is making headway in addressing environmental problems despite the ongoing dispute. Although there is still debate on Bitcoin’s energy usage, new data from the Cambridge Bitcoin Electricity Consumption Index indicates a drop in greenhouse gas emissions. There is growing agreement among regulatory bodies that sustainable practices are necessary, and this is reflected in their quest for greener Bitcoin mining methods.\n\nFurthermore, the industry’s use of energy-efficient technologies and renewable energy sources, including hydropower, wind, and solar power, highlights its commitment to environmental responsibility. Ethereum’s recent attempt to switch to proof-of-stake, an efficient consensus method, represents a broader commitment to lowering the environmental impact of cryptocurrencies.\n\n#5: Bitcoin wastes Energy in high amounts\nBitcoin is mined using specialized gear that demands high computational work and consumes Energy; it has to be agreed upon. However, this Energy cannot be characterized as waste because it is extremely helpful in securing the network. Many people asserted that the energy source miners are frequently connected to the national grid, which gets its electricity from non-sustainable sources. However, the dynamics of the market have forced Bitcoin mining to look for the least expensive energy sources and sustainable means.\n\nBitcoin mining’s energy has definitely been a concern for many in the past few years as it requires a lot of energy. However, it’s also true that there have been advancements that are eliminating the risks associated with energy consumption. Bitcoin is considerably efficient in electricity use. However, other means that utilize energy in the highest amount are global banking systems, which are conniving ATMs, transaction machines, banking systems, etc. However, they are not doing much about it. Bitcoin mining is moving towards greener mining, and therefore, it is not a bad idea to mine it. There will be even more developments in the future that will evidently reduce the energy-intensive mining that has been occurring throughout the last few years.\n\n#6: Bitcoin compromises security as it is mainly used for Illicit activities\nBitcoin was the first ever cryptocurrency to address the double-spending issue, eliminating the prominence of trustless transactions amongst peer-to-peer cryptocurrencies. It is required to take control of 51% of the network in order to carry out the hacking or malicious activity and execute the attempt to take control of the majority of the network itself by one body versus the millions of users participating in the Bitcoin network is next to impossible or highly unlikely. Every Bitcoin transaction is verified and then added to the public blockchain, which maintains the immutability and privacy of the entire Bitcoin network.\n\nIt has been discovered that several of the largest banks in the world have helped criminals launder trillions of dollars. It is valid to some extent that in the early days of Bitcoin, there were a few websites that accepted only Bitcoin as a mode of transaction, and criminals utilized these sites for illegal purposes. Still, then, it was also strictly looked upon, and it eventually stopped. Now, with the publicly verified ledgers of the Bitcoin network, increasing popularity, and increasing network difficulty, the focus of carrying out illicit activities on the Bitcoin network has shifted away drastically."}" data-sheets-root="1" data-mce-fragment="1">此外，该行业使用节能技术和可再生能源，包括水电、风能和太阳能，凸显了其对环境责任的承诺。以太坊最近尝试转向一种高效的共识方法——权益证明，这代表了降低加密货币对环境影响的更广泛承诺。

{"1":14}{"1":519,"2":{"5":1}} {"1":563}{"1":576,"2":{"5":1}} {"1":598}{"1":1337,"2":{"5":1}} {"1":1360}{"1":2394,"2":{"5":1}} {"1":2428}{"1":3346,"2":{"5":1}} {"1":3403}{"1":4227,"2":{"5":1}} {"1":4268}{"1":5552,"2":{"5":1}} {"1":5628}" data-sheets-userformat="{"2":641,"3":{"1":0},"10":0,"12":0}" data-sheets-value="{"1":2,"2":"Quick Summary\n\nBitcoin, being the flagship cryptocurrency out of all the cryptocurrencies, also gave rise to several rumours and myths, which some people believe and some don’t. When there are misconceptions, it is sure to bring a humble bustle in the mind of investors or miners as to what if it actually turns out to be what’s mentioned.\n\nTherefore, in this blog, we have tried to cover almost all the myths related to the well-known cryptocurrency Bitcoin, discover what’s behind those myths, and unveil the truth.\n\nCommon Myths associated with Bitcoin Mining\n---image---\n\n#1: Bitcoin is Illegal\nIt is said that in many countries, Bitcoin is illegal. However, it is not valid. A few countries have placed a ban on Bitcoins, such as China, Bangladesh, Morocco, Egypt, Iraq, and Algeria. It is also the case that in the majority of countries Bitcoin might not be legalized and unregulated. However, anyone in these countries can freely buy, sell, mine, and use Bitcoin if they want to.\n\nAlso, the U.S. IRS considers Bitcoin or cryptocurrency a digital asset like stocks and trades. Its usage has been regulated, and now they have also imposed taxation depending on how and for how long one holds the crypto, marking the regulation of Bitcoin and asserting that it is not illegal everywhere except for a few countries across the globe.\n\n#2: Bitcoin is a Bubble\nA lot of people think that Bitcoin (BTC) is a bubble that will collapse and cause investors to lose a lot of money. Indeed, some investors in Bitcoin do so speculatively in the hopes of making significant profits, but this does not prove that the market is in a bubble. Despite significant variations in prices throughout its 14-year existence, Bitcoin has continuously shown that it is resilient and capable of recovering. Bitcoin has reached new all-time highs by enduring every price pattern of rise and fall.\n\nMany supporters of Bitcoin argue that these price cycles are a regular occurrence for developing markets, viewing them as a plus rather than a disadvantage. New technologies often go through price cycles as the market works out their actual value through a process called price discovery. Supporters of Bitcoin anticipate less severe price fluctuations and longer time spans between them as the currency develops and becomes more widely used globally. It is also expected to lead to more stable pricing in the future.\n\n#3: Bitcoin has no intrinsic value\nIn its most fundamental financial form, intrinsic value is intended to offer a precise evaluation of an asset independent of market value. It is said that Bitcoin does not hold any real value on its own, which is a total myth. However, intrinsic value isn’t appropriate for many assets other than stocks and businesses because it uses metrics like cash flow. It also applies to Bitcoin, as well as gold and other commodities, without an underlying cash flow.\n\nIts supply, limited to 21 million in the real world, is alone a massive driving force in itself, raising its value. If one were to apply a more general definition, one could argue that the value of Bitcoin comes from its uniqueness, its reputation as the very first decentralized digital currency, and its large user, developer, and mining community worldwide, all of which have helped it grow to become an asset surpassing over $1.4 trillion at its peak.\n\n#4: Bitcoin Mining is Less inclined toward Sustainability\nThe cryptocurrency sector is making headway in addressing environmental problems despite the ongoing dispute. Although there is still debate on Bitcoin’s energy usage, new data from the Cambridge Bitcoin Electricity Consumption Index indicates a drop in greenhouse gas emissions. There is growing agreement among regulatory bodies that sustainable practices are necessary, and this is reflected in their quest for greener Bitcoin mining methods.\n\nFurthermore, the industry’s use of energy-efficient technologies and renewable energy sources, including hydropower, wind, and solar power, highlights its commitment to environmental responsibility. Ethereum’s recent attempt to switch to proof-of-stake, an efficient consensus method, represents a broader commitment to lowering the environmental impact of cryptocurrencies.\n\n#5: Bitcoin wastes Energy in high amounts\nBitcoin is mined using specialized gear that demands high computational work and consumes Energy; it has to be agreed upon. However, this Energy cannot be characterized as waste because it is extremely helpful in securing the network. Many people asserted that the energy source miners are frequently connected to the national grid, which gets its electricity from non-sustainable sources. However, the dynamics of the market have forced Bitcoin mining to look for the least expensive energy sources and sustainable means.\n\nBitcoin mining’s energy has definitely been a concern for many in the past few years as it requires a lot of energy. However, it’s also true that there have been advancements that are eliminating the risks associated with energy consumption. Bitcoin is considerably efficient in electricity use. However, other means that utilize energy in the highest amount are global banking systems, which are conniving ATMs, transaction machines, banking systems, etc. However, they are not doing much about it. Bitcoin mining is moving towards greener mining, and therefore, it is not a bad idea to mine it. There will be even more developments in the future that will evidently reduce the energy-intensive mining that has been occurring throughout the last few years.\n\n#6: Bitcoin compromises security as it is mainly used for Illicit activities\nBitcoin was the first ever cryptocurrency to address the double-spending issue, eliminating the prominence of trustless transactions amongst peer-to-peer cryptocurrencies. It is required to take control of 51% of the network in order to carry out the hacking or malicious activity and execute the attempt to take control of the majority of the network itself by one body versus the millions of users participating in the Bitcoin network is next to impossible or highly unlikely. Every Bitcoin transaction is verified and then added to the public blockchain, which maintains the immutability and privacy of the entire Bitcoin network.\n\nIt has been discovered that several of the largest banks in the world have helped criminals launder trillions of dollars. It is valid to some extent that in the early days of Bitcoin, there were a few websites that accepted only Bitcoin as a mode of transaction, and criminals utilized these sites for illegal purposes. Still, then, it was also strictly looked upon, and it eventually stopped. Now, with the publicly verified ledgers of the Bitcoin network, increasing popularity, and increasing network difficulty, the focus of carrying out illicit activities on the Bitcoin network has shifted away drastically."}" data-sheets-root="1" data-mce-fragment="1">5. 比特币浪费大量能源 {"1":14}{"1":519,"2":{"5":1}} {"1":563}{"1":576,"2":{"5":1}} {"1":598}{"1":1337,"2":{"5":1}} {"1":1360}{"1":2394,"2":{"5":1}} {"1":2428}{"1":3346,"2":{"5":1}} {"1":3403}{"1":4227,"2":{"5":1}} {"1":4268}{"1":5552,"2":{"5":1}} {"1":5628}" data-sheets-userformat="{"2":641,"3":{"1":0},"10":0,"12":0}" data-sheets-value="{"1":2,"2":"Quick Summary\n\nBitcoin, being the flagship cryptocurrency out of all the cryptocurrencies, also gave rise to several rumours and myths, which some people believe and some don’t. When there are misconceptions, it is sure to bring a humble bustle in the mind of investors or miners as to what if it actually turns out to be what’s mentioned.\n\nTherefore, in this blog, we have tried to cover almost all the myths related to the well-known cryptocurrency Bitcoin, discover what’s behind those myths, and unveil the truth.\n\nCommon Myths associated with Bitcoin Mining\n---image---\n\n#1: Bitcoin is Illegal\nIt is said that in many countries, Bitcoin is illegal. However, it is not valid. A few countries have placed a ban on Bitcoins, such as China, Bangladesh, Morocco, Egypt, Iraq, and Algeria. It is also the case that in the majority of countries Bitcoin might not be legalized and unregulated. However, anyone in these countries can freely buy, sell, mine, and use Bitcoin if they want to.\n\nAlso, the U.S. IRS considers Bitcoin or cryptocurrency a digital asset like stocks and trades. Its usage has been regulated, and now they have also imposed taxation depending on how and for how long one holds the crypto, marking the regulation of Bitcoin and asserting that it is not illegal everywhere except for a few countries across the globe.\n\n#2: Bitcoin is a Bubble\nA lot of people think that Bitcoin (BTC) is a bubble that will collapse and cause investors to lose a lot of money. Indeed, some investors in Bitcoin do so speculatively in the hopes of making significant profits, but this does not prove that the market is in a bubble. Despite significant variations in prices throughout its 14-year existence, Bitcoin has continuously shown that it is resilient and capable of recovering. Bitcoin has reached new all-time highs by enduring every price pattern of rise and fall.\n\nMany supporters of Bitcoin argue that these price cycles are a regular occurrence for developing markets, viewing them as a plus rather than a disadvantage. New technologies often go through price cycles as the market works out their actual value through a process called price discovery. Supporters of Bitcoin anticipate less severe price fluctuations and longer time spans between them as the currency develops and becomes more widely used globally. It is also expected to lead to more stable pricing in the future.\n\n#3: Bitcoin has no intrinsic value\nIn its most fundamental financial form, intrinsic value is intended to offer a precise evaluation of an asset independent of market value. It is said that Bitcoin does not hold any real value on its own, which is a total myth. However, intrinsic value isn’t appropriate for many assets other than stocks and businesses because it uses metrics like cash flow. It also applies to Bitcoin, as well as gold and other commodities, without an underlying cash flow.\n\nIts supply, limited to 21 million in the real world, is alone a massive driving force in itself, raising its value. If one were to apply a more general definition, one could argue that the value of Bitcoin comes from its uniqueness, its reputation as the very first decentralized digital currency, and its large user, developer, and mining community worldwide, all of which have helped it grow to become an asset surpassing over $1.4 trillion at its peak.\n\n#4: Bitcoin Mining is Less inclined toward Sustainability\nThe cryptocurrency sector is making headway in addressing environmental problems despite the ongoing dispute. Although there is still debate on Bitcoin’s energy usage, new data from the Cambridge Bitcoin Electricity Consumption Index indicates a drop in greenhouse gas emissions. There is growing agreement among regulatory bodies that sustainable practices are necessary, and this is reflected in their quest for greener Bitcoin mining methods.\n\nFurthermore, the industry’s use of energy-efficient technologies and renewable energy sources, including hydropower, wind, and solar power, highlights its commitment to environmental responsibility. Ethereum’s recent attempt to switch to proof-of-stake, an efficient consensus method, represents a broader commitment to lowering the environmental impact of cryptocurrencies.\n\n#5: Bitcoin wastes Energy in high amounts\nBitcoin is mined using specialized gear that demands high computational work and consumes Energy; it has to be agreed upon. However, this Energy cannot be characterized as waste because it is extremely helpful in securing the network. Many people asserted that the energy source miners are frequently connected to the national grid, which gets its electricity from non-sustainable sources. However, the dynamics of the market have forced Bitcoin mining to look for the least expensive energy sources and sustainable means.\n\nBitcoin mining’s energy has definitely been a concern for many in the past few years as it requires a lot of energy. However, it’s also true that there have been advancements that are eliminating the risks associated with energy consumption. Bitcoin is considerably efficient in electricity use. However, other means that utilize energy in the highest amount are global banking systems, which are conniving ATMs, transaction machines, banking systems, etc. However, they are not doing much about it. Bitcoin mining is moving towards greener mining, and therefore, it is not a bad idea to mine it. There will be even more developments in the future that will evidently reduce the energy-intensive mining that has been occurring throughout the last few years.\n\n#6: Bitcoin compromises security as it is mainly used for Illicit activities\nBitcoin was the first ever cryptocurrency to address the double-spending issue, eliminating the prominence of trustless transactions amongst peer-to-peer cryptocurrencies. It is required to take control of 51% of the network in order to carry out the hacking or malicious activity and execute the attempt to take control of the majority of the network itself by one body versus the millions of users participating in the Bitcoin network is next to impossible or highly unlikely. Every Bitcoin transaction is verified and then added to the public blockchain, which maintains the immutability and privacy of the entire Bitcoin network.\n\nIt has been discovered that several of the largest banks in the world have helped criminals launder trillions of dollars. It is valid to some extent that in the early days of Bitcoin, there were a few websites that accepted only Bitcoin as a mode of transaction, and criminals utilized these sites for illegal purposes. Still, then, it was also strictly looked upon, and it eventually stopped. Now, with the publicly verified ledgers of the Bitcoin network, increasing popularity, and increasing network difficulty, the focus of carrying out illicit activities on the Bitcoin network has shifted away drastically."}" data-sheets-root="1" data-mce-fragment="1">比特币挖矿使用专门的设备，需要大量计算工作并消耗能源；这必须达成一致。然而，这种能源不能被视为浪费，因为它对保护网络极为有帮助。许多人声称，矿机的能源来源经常连接到国家电网，而国家电网的电力来自不可持续的能源。然而，市场的动态迫使比特币挖矿寻找最便宜的能源和可持续的手段。

{"1":14}{"1":519,"2":{"5":1}} {"1":563}{"1":576,"2":{"5":1}} {"1":598}{"1":1337,"2":{"5":1}} {"1":1360}{"1":2394,"2":{"5":1}} {"1":2428}{"1":3346,"2":{"5":1}} {"1":3403}{"1":4227,"2":{"5":1}} {"1":4268}{"1":5552,"2":{"5":1}} {"1":5628}" data-sheets-userformat="{"2":641,"3":{"1":0},"10":0,"12":0}" data-sheets-value="{"1":2,"2":"Quick Summary\n\nBitcoin, being the flagship cryptocurrency out of all the cryptocurrencies, also gave rise to several rumours and myths, which some people believe and some don’t. When there are misconceptions, it is sure to bring a humble bustle in the mind of investors or miners as to what if it actually turns out to be what’s mentioned.\n\nTherefore, in this blog, we have tried to cover almost all the myths related to the well-known cryptocurrency Bitcoin, discover what’s behind those myths, and unveil the truth.\n\nCommon Myths associated with Bitcoin Mining\n---image---\n\n#1: Bitcoin is Illegal\nIt is said that in many countries, Bitcoin is illegal. However, it is not valid. A few countries have placed a ban on Bitcoins, such as China, Bangladesh, Morocco, Egypt, Iraq, and Algeria. It is also the case that in the majority of countries Bitcoin might not be legalized and unregulated. However, anyone in these countries can freely buy, sell, mine, and use Bitcoin if they want to.\n\nAlso, the U.S. IRS considers Bitcoin or cryptocurrency a digital asset like stocks and trades. Its usage has been regulated, and now they have also imposed taxation depending on how and for how long one holds the crypto, marking the regulation of Bitcoin and asserting that it is not illegal everywhere except for a few countries across the globe.\n\n#2: Bitcoin is a Bubble\nA lot of people think that Bitcoin (BTC) is a bubble that will collapse and cause investors to lose a lot of money. Indeed, some investors in Bitcoin do so speculatively in the hopes of making significant profits, but this does not prove that the market is in a bubble. Despite significant variations in prices throughout its 14-year existence, Bitcoin has continuously shown that it is resilient and capable of recovering. Bitcoin has reached new all-time highs by enduring every price pattern of rise and fall.\n\nMany supporters of Bitcoin argue that these price cycles are a regular occurrence for developing markets, viewing them as a plus rather than a disadvantage. New technologies often go through price cycles as the market works out their actual value through a process called price discovery. Supporters of Bitcoin anticipate less severe price fluctuations and longer time spans between them as the currency develops and becomes more widely used globally. It is also expected to lead to more stable pricing in the future.\n\n#3: Bitcoin has no intrinsic value\nIn its most fundamental financial form, intrinsic value is intended to offer a precise evaluation of an asset independent of market value. It is said that Bitcoin does not hold any real value on its own, which is a total myth. However, intrinsic value isn’t appropriate for many assets other than stocks and businesses because it uses metrics like cash flow. It also applies to Bitcoin, as well as gold and other commodities, without an underlying cash flow.\n\nIts supply, limited to 21 million in the real world, is alone a massive driving force in itself, raising its value. If one were to apply a more general definition, one could argue that the value of Bitcoin comes from its uniqueness, its reputation as the very first decentralized digital currency, and its large user, developer, and mining community worldwide, all of which have helped it grow to become an asset surpassing over $1.4 trillion at its peak.\n\n#4: Bitcoin Mining is Less inclined toward Sustainability\nThe cryptocurrency sector is making headway in addressing environmental problems despite the ongoing dispute. Although there is still debate on Bitcoin’s energy usage, new data from the Cambridge Bitcoin Electricity Consumption Index indicates a drop in greenhouse gas emissions. There is growing agreement among regulatory bodies that sustainable practices are necessary, and this is reflected in their quest for greener Bitcoin mining methods.\n\nFurthermore, the industry’s use of energy-efficient technologies and renewable energy sources, including hydropower, wind, and solar power, highlights its commitment to environmental responsibility. Ethereum’s recent attempt to switch to proof-of-stake, an efficient consensus method, represents a broader commitment to lowering the environmental impact of cryptocurrencies.\n\n#5: Bitcoin wastes Energy in high amounts\nBitcoin is mined using specialized gear that demands high computational work and consumes Energy; it has to be agreed upon. However, this Energy cannot be characterized as waste because it is extremely helpful in securing the network. Many people asserted that the energy source miners are frequently connected to the national grid, which gets its electricity from non-sustainable sources. However, the dynamics of the market have forced Bitcoin mining to look for the least expensive energy sources and sustainable means.\n\nBitcoin mining’s energy has definitely been a concern for many in the past few years as it requires a lot of energy. However, it’s also true that there have been advancements that are eliminating the risks associated with energy consumption. Bitcoin is considerably efficient in electricity use. However, other means that utilize energy in the highest amount are global banking systems, which are conniving ATMs, transaction machines, banking systems, etc. However, they are not doing much about it. Bitcoin mining is moving towards greener mining, and therefore, it is not a bad idea to mine it. There will be even more developments in the future that will evidently reduce the energy-intensive mining that has been occurring throughout the last few years.\n\n#6: Bitcoin compromises security as it is mainly used for Illicit activities\nBitcoin was the first ever cryptocurrency to address the double-spending issue, eliminating the prominence of trustless transactions amongst peer-to-peer cryptocurrencies. It is required to take control of 51% of the network in order to carry out the hacking or malicious activity and execute the attempt to take control of the majority of the network itself by one body versus the millions of users participating in the Bitcoin network is next to impossible or highly unlikely. Every Bitcoin transaction is verified and then added to the public blockchain, which maintains the immutability and privacy of the entire Bitcoin network.\n\nIt has been discovered that several of the largest banks in the world have helped criminals launder trillions of dollars. It is valid to some extent that in the early days of Bitcoin, there were a few websites that accepted only Bitcoin as a mode of transaction, and criminals utilized these sites for illegal purposes. Still, then, it was also strictly looked upon, and it eventually stopped. Now, with the publicly verified ledgers of the Bitcoin network, increasing popularity, and increasing network difficulty, the focus of carrying out illicit activities on the Bitcoin network has shifted away drastically."}" data-sheets-root="1" data-mce-fragment="1">过去几年，比特币挖矿的能源问题一直是许多人关注的问题，因为它需要大量能源。然而，也确实有一些进步正在消除与能源消耗相关的风险。比特币在电力使用方面相当高效。然而，其他能源使用量最大的方式是全球银行系统，包括 ATM、交易机、银行系统等。然而，他们对此并没有做太多。比特币挖矿正在走向更环保的挖矿，因此，挖矿并不是一个坏主意。未来还会有更多的发展，这显然会减少过去几年发生的能源密集型挖矿。

{"1":14}{"1":519,"2":{"5":1}} {"1":563}{"1":576,"2":{"5":1}} {"1":598}{"1":1337,"2":{"5":1}} {"1":1360}{"1":2394,"2":{"5":1}} {"1":2428}{"1":3346,"2":{"5":1}} {"1":3403}{"1":4227,"2":{"5":1}} {"1":4268}{"1":5552,"2":{"5":1}} {"1":5628}" data-sheets-userformat="{"2":641,"3":{"1":0},"10":0,"12":0}" data-sheets-value="{"1":2,"2":"Quick Summary\n\nBitcoin, being the flagship cryptocurrency out of all the cryptocurrencies, also gave rise to several rumours and myths, which some people believe and some don’t. When there are misconceptions, it is sure to bring a humble bustle in the mind of investors or miners as to what if it actually turns out to be what’s mentioned.\n\nTherefore, in this blog, we have tried to cover almost all the myths related to the well-known cryptocurrency Bitcoin, discover what’s behind those myths, and unveil the truth.\n\nCommon Myths associated with Bitcoin Mining\n---image---\n\n#1: Bitcoin is Illegal\nIt is said that in many countries, Bitcoin is illegal. However, it is not valid. A few countries have placed a ban on Bitcoins, such as China, Bangladesh, Morocco, Egypt, Iraq, and Algeria. It is also the case that in the majority of countries Bitcoin might not be legalized and unregulated. However, anyone in these countries can freely buy, sell, mine, and use Bitcoin if they want to.\n\nAlso, the U.S. IRS considers Bitcoin or cryptocurrency a digital asset like stocks and trades. Its usage has been regulated, and now they have also imposed taxation depending on how and for how long one holds the crypto, marking the regulation of Bitcoin and asserting that it is not illegal everywhere except for a few countries across the globe.\n\n#2: Bitcoin is a Bubble\nA lot of people think that Bitcoin (BTC) is a bubble that will collapse and cause investors to lose a lot of money. Indeed, some investors in Bitcoin do so speculatively in the hopes of making significant profits, but this does not prove that the market is in a bubble. Despite significant variations in prices throughout its 14-year existence, Bitcoin has continuously shown that it is resilient and capable of recovering. Bitcoin has reached new all-time highs by enduring every price pattern of rise and fall.\n\nMany supporters of Bitcoin argue that these price cycles are a regular occurrence for developing markets, viewing them as a plus rather than a disadvantage. New technologies often go through price cycles as the market works out their actual value through a process called price discovery. Supporters of Bitcoin anticipate less severe price fluctuations and longer time spans between them as the currency develops and becomes more widely used globally. It is also expected to lead to more stable pricing in the future.\n\n#3: Bitcoin has no intrinsic value\nIn its most fundamental financial form, intrinsic value is intended to offer a precise evaluation of an asset independent of market value. It is said that Bitcoin does not hold any real value on its own, which is a total myth. However, intrinsic value isn’t appropriate for many assets other than stocks and businesses because it uses metrics like cash flow. It also applies to Bitcoin, as well as gold and other commodities, without an underlying cash flow.\n\nIts supply, limited to 21 million in the real world, is alone a massive driving force in itself, raising its value. If one were to apply a more general definition, one could argue that the value of Bitcoin comes from its uniqueness, its reputation as the very first decentralized digital currency, and its large user, developer, and mining community worldwide, all of which have helped it grow to become an asset surpassing over $1.4 trillion at its peak.\n\n#4: Bitcoin Mining is Less inclined toward Sustainability\nThe cryptocurrency sector is making headway in addressing environmental problems despite the ongoing dispute. Although there is still debate on Bitcoin’s energy usage, new data from the Cambridge Bitcoin Electricity Consumption Index indicates a drop in greenhouse gas emissions. There is growing agreement among regulatory bodies that sustainable practices are necessary, and this is reflected in their quest for greener Bitcoin mining methods.\n\nFurthermore, the industry’s use of energy-efficient technologies and renewable energy sources, including hydropower, wind, and solar power, highlights its commitment to environmental responsibility. Ethereum’s recent attempt to switch to proof-of-stake, an efficient consensus method, represents a broader commitment to lowering the environmental impact of cryptocurrencies.\n\n#5: Bitcoin wastes Energy in high amounts\nBitcoin is mined using specialized gear that demands high computational work and consumes Energy; it has to be agreed upon. However, this Energy cannot be characterized as waste because it is extremely helpful in securing the network. Many people asserted that the energy source miners are frequently connected to the national grid, which gets its electricity from non-sustainable sources. However, the dynamics of the market have forced Bitcoin mining to look for the least expensive energy sources and sustainable means.\n\nBitcoin mining’s energy has definitely been a concern for many in the past few years as it requires a lot of energy. However, it’s also true that there have been advancements that are eliminating the risks associated with energy consumption. Bitcoin is considerably efficient in electricity use. However, other means that utilize energy in the highest amount are global banking systems, which are conniving ATMs, transaction machines, banking systems, etc. However, they are not doing much about it. Bitcoin mining is moving towards greener mining, and therefore, it is not a bad idea to mine it. There will be even more developments in the future that will evidently reduce the energy-intensive mining that has been occurring throughout the last few years.\n\n#6: Bitcoin compromises security as it is mainly used for Illicit activities\nBitcoin was the first ever cryptocurrency to address the double-spending issue, eliminating the prominence of trustless transactions amongst peer-to-peer cryptocurrencies. It is required to take control of 51% of the network in order to carry out the hacking or malicious activity and execute the attempt to take control of the majority of the network itself by one body versus the millions of users participating in the Bitcoin network is next to impossible or highly unlikely. Every Bitcoin transaction is verified and then added to the public blockchain, which maintains the immutability and privacy of the entire Bitcoin network.\n\nIt has been discovered that several of the largest banks in the world have helped criminals launder trillions of dollars. It is valid to some extent that in the early days of Bitcoin, there were a few websites that accepted only Bitcoin as a mode of transaction, and criminals utilized these sites for illegal purposes. Still, then, it was also strictly looked upon, and it eventually stopped. Now, with the publicly verified ledgers of the Bitcoin network, increasing popularity, and increasing network difficulty, the focus of carrying out illicit activities on the Bitcoin network has shifted away drastically."}" data-sheets-root="1" data-mce-fragment="1">6. 比特币主要用于非法活动，存在安全隐患 {"1":14}{"1":519,"2":{"5":1}} {"1":563}{"1":576,"2":{"5":1}} {"1":598}{"1":1337,"2":{"5":1}} {"1":1360}{"1":2394,"2":{"5":1}} {"1":2428}{"1":3346,"2":{"5":1}} {"1":3403}{"1":4227,"2":{"5":1}} {"1":4268}{"1":5552,"2":{"5":1}} {"1":5628}" data-sheets-userformat="{"2":641,"3":{"1":0},"10":0,"12":0}" data-sheets-value="{"1":2,"2":"Quick Summary\n\nBitcoin, being the flagship cryptocurrency out of all the cryptocurrencies, also gave rise to several rumours and myths, which some people believe and some don’t. When there are misconceptions, it is sure to bring a humble bustle in the mind of investors or miners as to what if it actually turns out to be what’s mentioned.\n\nTherefore, in this blog, we have tried to cover almost all the myths related to the well-known cryptocurrency Bitcoin, discover what’s behind those myths, and unveil the truth.\n\nCommon Myths associated with Bitcoin Mining\n---image---\n\n#1: Bitcoin is Illegal\nIt is said that in many countries, Bitcoin is illegal. However, it is not valid. A few countries have placed a ban on Bitcoins, such as China, Bangladesh, Morocco, Egypt, Iraq, and Algeria. It is also the case that in the majority of countries Bitcoin might not be legalized and unregulated. However, anyone in these countries can freely buy, sell, mine, and use Bitcoin if they want to.\n\nAlso, the U.S. IRS considers Bitcoin or cryptocurrency a digital asset like stocks and trades. Its usage has been regulated, and now they have also imposed taxation depending on how and for how long one holds the crypto, marking the regulation of Bitcoin and asserting that it is not illegal everywhere except for a few countries across the globe.\n\n#2: Bitcoin is a Bubble\nA lot of people think that Bitcoin (BTC) is a bubble that will collapse and cause investors to lose a lot of money. Indeed, some investors in Bitcoin do so speculatively in the hopes of making significant profits, but this does not prove that the market is in a bubble. Despite significant variations in prices throughout its 14-year existence, Bitcoin has continuously shown that it is resilient and capable of recovering. Bitcoin has reached new all-time highs by enduring every price pattern of rise and fall.\n\nMany supporters of Bitcoin argue that these price cycles are a regular occurrence for developing markets, viewing them as a plus rather than a disadvantage. New technologies often go through price cycles as the market works out their actual value through a process called price discovery. Supporters of Bitcoin anticipate less severe price fluctuations and longer time spans between them as the currency develops and becomes more widely used globally. It is also expected to lead to more stable pricing in the future.\n\n#3: Bitcoin has no intrinsic value\nIn its most fundamental financial form, intrinsic value is intended to offer a precise evaluation of an asset independent of market value. It is said that Bitcoin does not hold any real value on its own, which is a total myth. However, intrinsic value isn’t appropriate for many assets other than stocks and businesses because it uses metrics like cash flow. It also applies to Bitcoin, as well as gold and other commodities, without an underlying cash flow.\n\nIts supply, limited to 21 million in the real world, is alone a massive driving force in itself, raising its value. If one were to apply a more general definition, one could argue that the value of Bitcoin comes from its uniqueness, its reputation as the very first decentralized digital currency, and its large user, developer, and mining community worldwide, all of which have helped it grow to become an asset surpassing over $1.4 trillion at its peak.\n\n#4: Bitcoin Mining is Less inclined toward Sustainability\nThe cryptocurrency sector is making headway in addressing environmental problems despite the ongoing dispute. Although there is still debate on Bitcoin’s energy usage, new data from the Cambridge Bitcoin Electricity Consumption Index indicates a drop in greenhouse gas emissions. There is growing agreement among regulatory bodies that sustainable practices are necessary, and this is reflected in their quest for greener Bitcoin mining methods.\n\nFurthermore, the industry’s use of energy-efficient technologies and renewable energy sources, including hydropower, wind, and solar power, highlights its commitment to environmental responsibility. Ethereum’s recent attempt to switch to proof-of-stake, an efficient consensus method, represents a broader commitment to lowering the environmental impact of cryptocurrencies.\n\n#5: Bitcoin wastes Energy in high amounts\nBitcoin is mined using specialized gear that demands high computational work and consumes Energy; it has to be agreed upon. However, this Energy cannot be characterized as waste because it is extremely helpful in securing the network. Many people asserted that the energy source miners are frequently connected to the national grid, which gets its electricity from non-sustainable sources. However, the dynamics of the market have forced Bitcoin mining to look for the least expensive energy sources and sustainable means.\n\nBitcoin mining’s energy has definitely been a concern for many in the past few years as it requires a lot of energy. However, it’s also true that there have been advancements that are eliminating the risks associated with energy consumption. Bitcoin is considerably efficient in electricity use. However, other means that utilize energy in the highest amount are global banking systems, which are conniving ATMs, transaction machines, banking systems, etc. However, they are not doing much about it. Bitcoin mining is moving towards greener mining, and therefore, it is not a bad idea to mine it. There will be even more developments in the future that will evidently reduce the energy-intensive mining that has been occurring throughout the last few years.\n\n#6: Bitcoin compromises security as it is mainly used for Illicit activities\nBitcoin was the first ever cryptocurrency to address the double-spending issue, eliminating the prominence of trustless transactions amongst peer-to-peer cryptocurrencies. It is required to take control of 51% of the network in order to carry out the hacking or malicious activity and execute the attempt to take control of the majority of the network itself by one body versus the millions of users participating in the Bitcoin network is next to impossible or highly unlikely. Every Bitcoin transaction is verified and then added to the public blockchain, which maintains the immutability and privacy of the entire Bitcoin network.\n\nIt has been discovered that several of the largest banks in the world have helped criminals launder trillions of dollars. It is valid to some extent that in the early days of Bitcoin, there were a few websites that accepted only Bitcoin as a mode of transaction, and criminals utilized these sites for illegal purposes. Still, then, it was also strictly looked upon, and it eventually stopped. Now, with the publicly verified ledgers of the Bitcoin network, increasing popularity, and increasing network difficulty, the focus of carrying out illicit activities on the Bitcoin network has shifted away drastically."}" data-sheets-root="1" data-mce-fragment="1">比特币是有史以来第一个解决双重支付问题的加密货币，消除了点对点加密货币中不信任交易的突出地位。要进行黑客攻击或恶意活动，需要控制 51% 的网络，而试图由一个机构控制网络本身的大部分，而不是参与比特币网络的数百万用户，这几乎是不可能的或极不可能的。每笔比特币交易都经过验证，然后添加到公共区块链中，从而保持整个比特币网络的不变性和隐私性。

{"1":14}{"1":519,"2":{"5":1}} {"1":563}{"1":576,"2":{"5":1}} {"1":598}{"1":1337,"2":{"5":1}} {"1":1360}{"1":2394,"2":{"5":1}} {"1":2428}{"1":3346,"2":{"5":1}} {"1":3403}{"1":4227,"2":{"5":1}} {"1":4268}{"1":5552,"2":{"5":1}} {"1":5628}" data-sheets-userformat="{"2":641,"3":{"1":0},"10":0,"12":0}" data-sheets-value="{"1":2,"2":"Quick Summary\n\nBitcoin, being the flagship cryptocurrency out of all the cryptocurrencies, also gave rise to several rumours and myths, which some people believe and some don’t. When there are misconceptions, it is sure to bring a humble bustle in the mind of investors or miners as to what if it actually turns out to be what’s mentioned.\n\nTherefore, in this blog, we have tried to cover almost all the myths related to the well-known cryptocurrency Bitcoin, discover what’s behind those myths, and unveil the truth.\n\nCommon Myths associated with Bitcoin Mining\n---image---\n\n#1: Bitcoin is Illegal\nIt is said that in many countries, Bitcoin is illegal. However, it is not valid. A few countries have placed a ban on Bitcoins, such as China, Bangladesh, Morocco, Egypt, Iraq, and Algeria. It is also the case that in the majority of countries Bitcoin might not be legalized and unregulated. However, anyone in these countries can freely buy, sell, mine, and use Bitcoin if they want to.\n\nAlso, the U.S. IRS considers Bitcoin or cryptocurrency a digital asset like stocks and trades. Its usage has been regulated, and now they have also imposed taxation depending on how and for how long one holds the crypto, marking the regulation of Bitcoin and asserting that it is not illegal everywhere except for a few countries across the globe.\n\n#2: Bitcoin is a Bubble\nA lot of people think that Bitcoin (BTC) is a bubble that will collapse and cause investors to lose a lot of money. Indeed, some investors in Bitcoin do so speculatively in the hopes of making significant profits, but this does not prove that the market is in a bubble. Despite significant variations in prices throughout its 14-year existence, Bitcoin has continuously shown that it is resilient and capable of recovering. Bitcoin has reached new all-time highs by enduring every price pattern of rise and fall.\n\nMany supporters of Bitcoin argue that these price cycles are a regular occurrence for developing markets, viewing them as a plus rather than a disadvantage. New technologies often go through price cycles as the market works out their actual value through a process called price discovery. Supporters of Bitcoin anticipate less severe price fluctuations and longer time spans between them as the currency develops and becomes more widely used globally. It is also expected to lead to more stable pricing in the future.\n\n#3: Bitcoin has no intrinsic value\nIn its most fundamental financial form, intrinsic value is intended to offer a precise evaluation of an asset independent of market value. It is said that Bitcoin does not hold any real value on its own, which is a total myth. However, intrinsic value isn’t appropriate for many assets other than stocks and businesses because it uses metrics like cash flow. It also applies to Bitcoin, as well as gold and other commodities, without an underlying cash flow.\n\nIts supply, limited to 21 million in the real world, is alone a massive driving force in itself, raising its value. If one were to apply a more general definition, one could argue that the value of Bitcoin comes from its uniqueness, its reputation as the very first decentralized digital currency, and its large user, developer, and mining community worldwide, all of which have helped it grow to become an asset surpassing over $1.4 trillion at its peak.\n\n#4: Bitcoin Mining is Less inclined toward Sustainability\nThe cryptocurrency sector is making headway in addressing environmental problems despite the ongoing dispute. Although there is still debate on Bitcoin’s energy usage, new data from the Cambridge Bitcoin Electricity Consumption Index indicates a drop in greenhouse gas emissions. There is growing agreement among regulatory bodies that sustainable practices are necessary, and this is reflected in their quest for greener Bitcoin mining methods.\n\nFurthermore, the industry’s use of energy-efficient technologies and renewable energy sources, including hydropower, wind, and solar power, highlights its commitment to environmental responsibility. Ethereum’s recent attempt to switch to proof-of-stake, an efficient consensus method, represents a broader commitment to lowering the environmental impact of cryptocurrencies.\n\n#5: Bitcoin wastes Energy in high amounts\nBitcoin is mined using specialized gear that demands high computational work and consumes Energy; it has to be agreed upon. However, this Energy cannot be characterized as waste because it is extremely helpful in securing the network. Many people asserted that the energy source miners are frequently connected to the national grid, which gets its electricity from non-sustainable sources. However, the dynamics of the market have forced Bitcoin mining to look for the least expensive energy sources and sustainable means.\n\nBitcoin mining’s energy has definitely been a concern for many in the past few years as it requires a lot of energy. However, it’s also true that there have been advancements that are eliminating the risks associated with energy consumption. Bitcoin is considerably efficient in electricity use. However, other means that utilize energy in the highest amount are global banking systems, which are conniving ATMs, transaction machines, banking systems, etc. However, they are not doing much about it. Bitcoin mining is moving towards greener mining, and therefore, it is not a bad idea to mine it. There will be even more developments in the future that will evidently reduce the energy-intensive mining that has been occurring throughout the last few years.\n\n#6: Bitcoin compromises security as it is mainly used for Illicit activities\nBitcoin was the first ever cryptocurrency to address the double-spending issue, eliminating the prominence of trustless transactions amongst peer-to-peer cryptocurrencies. It is required to take control of 51% of the network in order to carry out the hacking or malicious activity and execute the attempt to take control of the majority of the network itself by one body versus the millions of users participating in the Bitcoin network is next to impossible or highly unlikely. Every Bitcoin transaction is verified and then added to the public blockchain, which maintains the immutability and privacy of the entire Bitcoin network.\n\nIt has been discovered that several of the largest banks in the world have helped criminals launder trillions of dollars. It is valid to some extent that in the early days of Bitcoin, there were a few websites that accepted only Bitcoin as a mode of transaction, and criminals utilized these sites for illegal purposes. Still, then, it was also strictly looked upon, and it eventually stopped. Now, with the publicly verified ledgers of the Bitcoin network, increasing popularity, and increasing network difficulty, the focus of carrying out illicit activities on the Bitcoin network has shifted away drastically."}" data-sheets-root="1" data-mce-fragment="1">据发现，世界上几家最大的银行曾帮助犯罪分子洗钱数万亿美元。在比特币的早期，有几家网站只接受比特币作为交易方式，犯罪分子利用这些网站进行非法活动，这在某种程度上是合理的。尽管如此，当时也受到了严厉的监管，并最终停止了这种行为。现在，随着比特币网络公开验证账本、日益普及和网络难度不断增加，在比特币网络上进行非法活动的重点已经大大转移。