Topic: AGAIN: China says it wants to eliminate bitcoin mining - page 2. (Read 11366 times)
It will be a difficult thing to do in trying to eliminate bitcoin mining. People have invested thousands of dollars in building mining farms in China and some of these people are yet to gain profits from their investment. This is one of the speculations about Bitcoin haters of the entire bitcoin ecosystem create just to put fear in the hearts of investors and crypto enthusiasts in the crypto space. Threats about China wanting to ban cryptocurrency started way back in the later part of 2017 and up to now cryptocurrency is not ban in China. It will not be easy to ban bitcoin mining and I pray this doesn't happen...
I am pretty sure I've seen the same rumors a few months ago but seems like nothing happened since them. Losing China from mining would definitely be a bad thing for bitcoin and cryptocurrencies since it's the country with the most population in the world meaning that a certain percentage of them are also mining. For now nothing is official and this are just rumors, so let's wait and see what's going to happen because anyway we can't do much against it
Largest population in the world but not the largest mining place for cryptocurrency. So far the market are getting bettet and this rumors will remain rumors not unless the market will dump because of this. I know China is not that supportive at all because they want to control their people so its normal to hear news like this. Cryptocurrency will stay even if other countries hates it, they can’t stop this. 
Maybe this is one of the reasons Bitcoin had a congestion and a lot of unconfirmed transactions formed. I just thought of it. Anyway, I know that there are a lot of mining farms there and I have seen videos regarding having one of the largest farms there. If China limits it, meaning they want to have control over it completely. Maybe there's a motive, and we are still unsure of it. No possible leaks yet I presume, just banning of the farms. I hope it gets resolved.
If we are really concern about the community and the market prices then we will stop spreading this kind of post when it has nothing to help the cryptoworld
China is always there whenever the market starts to grow,so why helping the story grow when we can just forget this kind of issues,and for the second time they release this topic but yet nothing happen
China is always there whenever the market starts to grow,so why helping the story grow when we can just forget this kind of issues,and for the second time they release this topic but yet nothing happen
It is difficult to say exactly what the Chinese regulator is guided by. Perhaps the Chinese government has long-term plans for the global spread of the yuan in international payments and they see a threat in Bitcoin. But if bitcoin is mined mainly by Chinese miners, then this theory is also not entirely clear, since China will still have a significant part of bitcoins thanks to its miners. Perhaps the Chinese leadership is still afraid that the shadow economy will increase and the state will receive less tax revenue.
All governments in the world treat negatively cryptocurrencies and Bitcoin as alpha-currency, they are afraid of financial capital leaving the country's budget in the shade.
My opinion is that China is simply taking another step towards Bitcoin legalization, there can be no complete denial ...
My opinion is that China is simply taking another step towards Bitcoin legalization, there can be no complete denial ...
it is just temporary decision, they will change their mind.
anyway China is really closed country, so it is not a surpise
China and India fighting for clean air. That's something new. They are among the three biggest pollutants in the world.
China should first stop polluting air and water and install some filtration systems or they will destroy this planet.
China should first stop polluting air and water and install some filtration systems or they will destroy this planet.
Quote
"There are three kinds of lies: lies, damned lies, and statistics."
That's one side of the story. If we consider pollution by country.
BUT, and there is a big but, if we take the other stats, from the same page you took the graph, it paints a different story.
2015 per capita carbon dioxide emissions from fuel combustion (metric tons)
India may pollute 1/3 of the US but the average Indian only does 10% compared to an American or Canadian.
You know what, a lot of people have been complaining about China being in control of Bitcoin mining and mining being centralized and fud like that, so we should see the positive side of this, if this should happen. Let's say China did accomplish to ban Bitcoin mining, then the monopoly that they supposedly had, would be broken. 
The Chinese miners are also very creative and most of them will shift their operations to other countries, when and if the Chinese government starts to ban Bitcoin mining.
Let's see the opportunity in an announcement like this.
The Chinese miners are also very creative and most of them will shift their operations to other countries, when and if the Chinese government starts to ban Bitcoin mining.
Let's see the opportunity in an announcement like this.
The Chinese communist government is trying to control the people’s money. They control what their people can view on the internet, so they ent to control this too. Typical communist stuff.
If China decides to ban it , this could have some trouble in the market and as a result it can fall a bit in prices as things will turn to negative sentiment and those panic sellers are lot in a market who will sell quickly.
China always makes new sensations to influence the BTC market. if BTC mining in China is removed, then it will make the BTC chart become stagnant or fall dramatically again. I do not understand how their concept is cryptic. the point of my assumption is that China wants to control the crypto market. but they can't.
If could affect the price obviously, but I would say not in the long run. Many countries will take the lead and its more willing to do so. Bitmain, as far as I can remember have been venturing outside though, so let's see how it will transpire in the future.
if public enthusiasm for crypto is very large. then the government must provide a quick and positive response. or the government can make crypto backed by yuan or natural resources.
The Chinese government doesn't care about the sentiments of its people. They want to control everything and bitcoin will not be the one to destroy their ideology.
The Chinese communist government is trying to control the people’s money. They control what their people can view on the internet, so they ent to control this too. Typical communist stuff.
China always makes new sensations to influence the BTC market. if BTC mining in China is removed, then it will make the BTC chart become stagnant or fall dramatically again. I do not understand how their concept is cryptic. the point of my assumption is that China wants to control the crypto market. but they can't.
if public enthusiasm for crypto is very large. then the government must provide a quick and positive response. or the government can make crypto backed by yuan or natural resources.
if public enthusiasm for crypto is very large. then the government must provide a quick and positive response. or the government can make crypto backed by yuan or natural resources.
this sounds to me more like FUD coming from a group of people who are so scared about bitcoin price rising again after a year of drops and because the new ATH is being predicted to be around $100k this time, they feel threatened their "empire" is going to be brought down to dust by bitcoin's adoption so they are starting to do things like this and spread nonsense.
bitcoin mining in China has turned into a strong thing that is feeding the electric companies, and lots of other sectors. so if they shut it down they are not just shutting down mining they would be shutting down dozens of other businesses and put thousands of people out of work.
bitcoin mining in China has turned into a strong thing that is feeding the electric companies, and lots of other sectors. so if they shut it down they are not just shutting down mining they would be shutting down dozens of other businesses and put thousands of people out of work.
I am pretty sure I've seen the same rumors a few months ago but seems like nothing happened since them. Losing China from mining would definitely be a bad thing for bitcoin and cryptocurrencies since it's the country with the most population in the world meaning that a certain percentage of them are also mining. For now nothing is official and this are just rumors, so let's wait and see what's going to happen because anyway we can't do much against it
Maybe bitcoin is already affecting the flow and the value of China's fiat money so they are threaten that even their business industry will be affecred. All we know that China owns the biggest minning system and they also lead in other business such as product and industrial manufacturing so I did not wonder why they are threten that people will have or to own their lot bitcoin.
I never agree that China or India, or even any other developing country needs to care SO much about the environment and sacrifice their industrial outputs and productivity,,, remember it is easy for developed nations to say they take care of the planet, but it was them who killed all their wildlife and burned down all their forests and polluted all their rivers,,, then also came to Asia and Africa to take resources.
But at the same time,,, China pretending to care about the environment is too silly!
But at the same time,,, China pretending to care about the environment is too silly!
China and India fighting for clean air. That's something new. They are among the three biggest pollutants in the world.
China should first stop polluting air and water and install some filtration systems or they will destroy this planet.
China is banning bitcoin from 2011.I have been reading explanation from person who is familiar with China law.That so much advertised by media China ban is in fact proposal only
First proposal was in 2013 next it was updated in 2016 and next update is now 2019
It looks like it is advertised without explanation to make people worry
First proposal was in 2013 next it was updated in 2016 and next update is now 2019
It looks like it is advertised without explanation to make people worry
Maybe they will close mining, but if the price will be over 50,000$ for 1BTC or more at that time, will they still close the mining? We can't do anything even if they close at that time, more bitcoin to another miners then.
Trust me, China is not going to shut down anything that brings in the Forex. Right now the Chinese farms dominate the mining sector (in part due to cheap rig prices and free electricity). The government is going to ignore it, as long as the BTC-CNY exchange remains in low amounts. Apart from the revenues, this sector also employs a good number of people in China.
Whenever Bitcoin price starting to rally china always release a news statement that they will ban anything about bitcoin or cryptocurrency.
During the 2017 bull how many bans and restriction they announce and it didn't stop the bull from raging the market.
And again a quick FUD response whenever Bitcoin market starting to grow. Whatever their plan it doesn't seem that the public didn't take the bait, i guess they were used to it ever since from their FUD last year that make Bitcoin suffer more up until this year. During the 2017 bull how many bans and restriction they announce and it didn't stop the bull from raging the market.
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