Bitmain and Canaan Said China’s Proposed Mining Ban won’t Impact their Operation - page 2.

franky1

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Quote from: avikz on April 10, 2019, 10:08:08 PM

Correct! But Bitmain is headquartered in Beijing. Probably their operations are scattered all over the world, but the head of the body is placed in China. Probably pulling out of China is the best thing they can do once the Chinese government decides anything negative! As of now, the confusion still holds!

confusion doesnt hold. bitmain and canaan both said they are not confused or worried.
its the racist 'fox news crowd' that want to scream 'china bad' all day long that are confused

as for moving out of the china. to be honest. where they head quarter has NO impact on bitcoin.
but as for staying innovative. i would say having an office/meeting room in the shenzhen region is beneficial to them to have close contact with the different industries

avikz

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Quote from: franky1 on April 10, 2019, 01:54:47 PM

Quote from: TravelMug on April 10, 2019, 01:23:44 PM

As far as I know, Bitmain has plans already in place in USA (Texas) however, it was scrapped due to the worsening market conditions throughout 2018.

https://cointelegraph.com/news/mining-giant-bitmain-reportedly-suspends-mining-operations-in-texas

Of course as business operators, you always look for options specially if you are being pressured by someone, in this case the government of China. There are a lot of places suitable for mining, specially countries wherein the climate is cold with cheap electricity.

imagine bitmain as just a franchise licencer, allowing private businesses to start their own franchise(mining farm) under the bitmain brand, for special discounts on hardware and access to special customers(OTC deals)

now imagine not bitmain HQ. but private business USA wanted to set something up in texas as a franchisee. but didnt find the whole opportunity in texas great, so pulled out.
thats the crux of it

Correct! But Bitmain is headquartered in Beijing. Probably their operations are scattered all over the world, but the head of the body is placed in China. Probably pulling out of China is the best thing they can do once the Chinese government decides anything negative! As of now, the confusion still holds!

pooya87

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Quote from: franky1 on April 10, 2019, 01:50:55 PM

so the whole "china control mining" debate has been a propaganda thing, and in reality a NON ISSUE for a couple years now.
and its about time people stop trying to sound like fox news by shouting the words china in anything related to mining

then do it whenever it suits them. and it is always about the price. right now that the price has started entering the "rise mode" the FUDs are coming out again trying to break that trend. otherwise China is became old news about 2 years ago when they closed down their exchanges.

DreamStage

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If they move to some China's non regulated location then yeah they will still be operating without any issues whatsoever.

But if they want to make some actions inside China's boundaries when and if China blocks it that would still impact them.

As long they stay out of their limited territories (in case it becomes a real situation) they should be ok and running perfectly.

franky1

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Quote from: TravelMug on April 10, 2019, 01:23:44 PM

As far as I know, Bitmain has plans already in place in USA (Texas) however, it was scrapped due to the worsening market conditions throughout 2018.

https://cointelegraph.com/news/mining-giant-bitmain-reportedly-suspends-mining-operations-in-texas

Of course as business operators, you always look for options specially if you are being pressured by someone, in this case the government of China. There are a lot of places suitable for mining, specially countries wherein the climate is cold with cheap electricity.

imagine bitmain as just a franchise licencer, allowing private businesses to start their own franchise(mining farm) under the bitmain brand, for special discounts on hardware and access to special customers(OTC deals)

now imagine not bitmain HQ. but private business USA wanted to set something up in texas as a franchisee. but didnt find the whole opportunity in texas great, so pulled out.
thats the crux of it

franky1

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bitmain us TSMC
ill give you a hint. T stands for Taiwan

taiwan is governed by the "REPUBLIC OF CHINA"
do not confuse that with chinese mainland that is governed by "PEOPLES REPUBLIC OF CHINA"

by confusing the two its much the same confusion as saying mexico is part of USA and under trump rule because mexico is part of north "america"

once you understand manufacturing is not mainland china
then you can move

the next step is to understand the mining farms are not mainland china
antpool alone has farms in georgia(europe) iceland, america and other places

so the whole "china control mining" debate has been a propaganda thing, and in reality a NON ISSUE for a couple years now.
and its about time people stop trying to sound like fox news by shouting the words china in anything related to mining

TravelMug

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As far as I know, Bitmain has plans already in place in USA (Texas) however, it was scrapped due to the worsening market conditions throughout 2018.

https://cointelegraph.com/news/mining-giant-bitmain-reportedly-suspends-mining-operations-in-texas

Of course as business operators, you always look for options specially if you are being pressured by someone, in this case the government of China. There are a lot of places suitable for mining, specially countries wherein the climate is cold with cheap electricity.

dothebeats

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Merit: 1352

Cashback 15%

Their hashing operations could certainly go elsewhere should the Chinese government finalized the draft with a clause regarding mining farms, but the manufacturing of mining chips IMO would not be impacted as we know that the Chinese are benefiting from this (go figure.) For sure, both BITMAIN and Canaan are already scouting for places to relocate at and their logistics teams are already busy planning the trip as early as now.

Baofeng

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https://news.8btc.com/bitmain-and-canaan-said-chinas-proposed-mining-ban-wont-impact-their-operation

Quote

According to Security Times, both spokesmen from Bitmain and Canaan stated that the draft list has a rare impact on their operation for the time being, but it still remains unknown if they will arrange their business strategy later on.

Perhaps they are trying to do some damage control here. Obviously, it will have no impact since the Chinese government has not yet finalized it's decision. However, I'm sure Bitmain and Canaan are looking for options now because we all know that Chinese government doesn't work in the middle, it's either you are out or in.

The main source of the news is in the article, you just have to translate it though.

Topic: Bitmain and Canaan Said China’s Proposed Mining Ban won’t Impact their Operation - page 2. (Read 378 times)