In the past, I don't think mining operations could compete with chinese mining being powered directly by deregulated hydroelectric plants producing electricity at a lower cost per watt than coal. That may have given chinese miners an unfair advantage in global free markets, making it impossible for miners in foreign nations to compete under a proportionally higher degree of taxes and regulation hampering operations.
I'm not 100% certain the extent of the recent exchange ban, which some claim is intended to keep investment money inside china's borders and prevent an exodus of funding which could spell ruin for china's economy, as it requires consistent capital investment to fuel its growth. This explanation runs contrary to the concept of china's exchange ban being motivated by anti crypto sentiment and could be valid.
Topic: Another 1 bites the dust......make that 2 (Read 170 times)
Azuramining lasted a whopping 5 days before collapse....
Spacemining, (feeling like a jackass on this one 😀). Dead mining😣. They had a run of 23 days, paying over $2,000,000 in btc....and..........gone. If u got in early, it worked. It's HIGH risk, but somehow fun/exciting while it lasts. These types of fools can do alot of harm to crypto community.
Now, the million dollar question?!?.....does anyone know of a legitimate crypto investing site? Thanks
Spacemining, (feeling like a jackass on this one 😀). Dead mining😣. They had a run of 23 days, paying over $2,000,000 in btc....and..........gone. If u got in early, it worked. It's HIGH risk, but somehow fun/exciting while it lasts. These types of fools can do alot of harm to crypto community.
Now, the million dollar question?!?.....does anyone know of a legitimate crypto investing site? Thanks
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