Topic: BTC To 9K$, China Banned miners - page 3. (Read 868 times)
this news is not final still the plan of the Chinese government but whether with the ban the price will rise or even will decrease. but what is clear is that this can change if the miners use environmentally friendly energy to produce electricity but if not then the mining ban may be possible
Good news, China Banned BTC miners,Demand will be increased so Price will go up.
It is not certain they have done so. i think it is just a plan that may not happen, we have so many alternatives that the miners can continue to use for mining that is beyound their control, so it may not really reduce the supply limit.
it is China and news coming from China on shitty news sites so I wouldn't be surprised that there has never been anything remotely close to an actual "ban" but something that the news sites exaggerated like they have been doing in the past 10 years just to get traffic with their click baits.
as for bitcoin price it won't change based on this news specially not upwards. if anything it should have dropped because of the panic. you can associate the recent small drop with it but that was too small and it is already over so it is not worth talking about that either!!!
as for bitcoin price it won't change based on this news specially not upwards. if anything it should have dropped because of the panic. you can associate the recent small drop with it but that was too small and it is already over so it is not worth talking about that either!!!
Good news, China Banned BTC miners,Demand will be increased so Price will go up.
The statement is clear that china is Considering to banned miningbut that was not decided so there is only a possibilities and not realityThough in some point that would have a good effect in bitcoin price and market will sure move but still we need to wait until things happens
So it is too early to count the checks from the eggs that is not broken yet
lol. it is funny how people connect things together sometimes when it comes to price speculations around here. it doesn't matter if they are completely irrelevant either 
most of the businesses have already exited Chinese government jurisdiction a very long time ago. that includes exchanges, ASIC manufacturer, mining farms,... so the only badness of this news is its FUD which has also been rather ineffective if you look at the price charts and how price is currently above $5100!
Good news, China Banned BTC miners,Demand will be increased so Price will go up.
bad news for china miner and bad news for us, demand will not be increase. when they go to under ground miner or go to outside countrymost of the businesses have already exited Chinese government jurisdiction a very long time ago. that includes exchanges, ASIC manufacturer, mining farms,... so the only badness of this news is its FUD which has also been rather ineffective if you look at the price charts and how price is currently above $5100!
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I don't think that China banned miners because bitcoin is potential to give a huge profit not just for the miners but also for the government if they do mining too with their super-duper hardware. When something gives benefit, then I don't think that it could stop right away because people will search another way to continue still to take the benefit. So do with mining, when they can mining and get a big reward from crypto, then they try to move their hardware or their company in a safe place to continue mining.
Good news, China Banned BTC miners,Demand will be increased so Price will go up.
I do not believe in such news now neither bitcoin community take it seriously. We have seen such statements of ban crypto / mining in china which resulted in price pump and dump, but now everyone is aware that china just spread the Fud and there is no significant movement in prices by such news.
Good news, China Banned BTC miners,Demand will be increased so Price will go up.
bad news for china miner and bad news for us, demand will not be increase. when they go to under ground miner or go to outside countryPeople who like to continue the business of mining, they can find another place to operate with a cheap electricity, I'm sure these guys already anticipated this.
Good news, China Banned BTC miners,Demand will be increased so Price will go up.
bad news for china miner and bad news for us, demand will not be increase. when they go to under ground miner or go to outside country bitcoin mining has not been a CHINA thing for a couple years now.
will people stop living in propoganda past
will people stop living in propoganda past
You sure about that? China remains the leader in Bitcoin mining, as per the latest available data. Earlier this year, Jordan Tuwiner estimated that China contributes to 81% of the mining hash power. Just check the below image, and you'll see that the largest mining pools are all from China:
These are chinese companies, but this dont means the mining operations are in China. Some of them have moved their headquarters too. I read somewhere that only 32% of hashing power is in China, right now.
Still I'd say 32% is a huge share, to lose that much will have ramifications, though it opens up the opportunity for existing companies to increase their quota, and if that doesn't happen, it just might affect the industry, and price as well.
Good news, China Banned BTC miners,Demand will be increased so Price will go up.
fake news.It is proposal only from 2013.Every three years proposal is updated.Next China ban will be 2022.
But bitcoin will rise to 9 k and much higher it is matter of time only
Indeed is bad, because ASIC miners are created on China, but i don't think is banned now and maybe if the price go up they will not ban bitcoin, but we need a higher price, so better wait and see what will happen.
I don’t see it as good news in the main time, if they ban miners, they are indirectly banning BTC then,
they dont say that they ban btc .they only say that they ban miners . btc users are still welcome to use btc on thier country i guess .
which is not too good for us, miners can always come from region and what is exactly the population of miners in China for us to start jubilating their ban
reduced numbers of miners is not bad beause this give some space to the mining industry . this loosen the difficulty in mining which is good . this gives other a chance to join and earn more in mining .
Anyway, we still cannot fully speculate that the Ban will have any effect on BTC, let us see how it goes this period and see if truly, their ban has any influence in the current market supply.
if the news was true . the ban do have some minor effects but some said that the news was only a hoax . it might be a scare to others for them to panic .
Good news, China Banned BTC miners,Demand will be increased so Price will go up.
But I don’t see it as good news in the main time, if they ban miners, they are indirectly banning BTC then, which is not too good for us, miners can always come from region and what is exactly the population of miners in China for us to start jubilating their ban, China is a big country with rich people, we need them to fully adopt cryptocurrency so that we can have more populations that will invest in it or make use of it as a utility token.Anyway, we still cannot fully speculate that the Ban will have any effect on BTC, let us see how it goes this period and see if truly, their ban has any influence in the current market supply.
Good news, China Banned BTC miners,Demand will be increased so Price will go up.
fake news.It is proposal only from 2013.Every three years proposal is updated.Next China ban will be 2022.
But bitcoin will rise to 9 k and much higher it is matter of time only
Closure of a business would certainly decrease the value of the product they were selling off. I feel the news would bring bad impact to the market decreasing BTC price and obviously altcoin will fall into the same. But on the other hand, when the demand increases, yes the price is going to be growing up in midst of all bad news. Lets see how the impact revolves around.
Good news, China Banned BTC miners,Demand will be increased so Price will go up.
fake news.It is proposal only from 2013.Every three years proposal is updated.Next China ban will be 2022.
But bitcoin will rise to 9 k and much higher it is matter of time only
Did they really ban bitcoin mining?
It only says it's considering a bitcoin mining ban, so it's not yet final so I guess everyone should stop speculating as this point until we really heard fro the Chinese government about their stance on it.
On the bright side, it might cut the monopoly of Bitmain and other countries might be willing to keep bitcoin mining on their back-yard.
It only says it's considering a bitcoin mining ban, so it's not yet final so I guess everyone should stop speculating as this point until we really heard fro the Chinese government about their stance on it.
On the bright side, it might cut the monopoly of Bitmain and other countries might be willing to keep bitcoin mining on their back-yard.
There is no way China will actually ban bitcoin mining. They get tax revenue from businesses and mining has been thriving in their country. Its just sabotaging their own economy only to let other countries gobble up the mining industry.
Could be, but there maybe a deeper roots though. It's their hatred on bitcoin that's why they wanted to end everything.
I guess they are other means for their government to raise revenues, and maybe bitcoin mining is just a small dot and I don't think that they are going to sabotage their economy by banning bitcoin mining.
Good news, China Banned BTC miners,Demand will be increased so Price will go up.
fake news.It is proposal only from 2013.Every three years proposal is updated.Next China ban will be 2022.
But bitcoin will rise to 9 k and much higher it is matter of time only
but why would china want to do so?
You can call me crazy, but I strongly believe that China has some ulterior motive regarding to this. Earlier also, statements from the Chinese government agencies have caused the crypto market to crash on multiple occasions. I would say that they are intentionally doing this, in order to crash the prices. They are not going to ban mining. It is just to crash the market.
Oh well, we have seen Chinese government motives from behind so you are not alone with your assessment. I mean when Bitcoin is making significant gains last week, they suddenly release a statement, saying that they are going to ban mining, blah, blah. They really wanted to bring the price down because they are afraid that Chinese millionaires or billionaires will just put their money on Bitcoin and will be far from the reach of their government.
bitcoin mining has not been a CHINA thing for a couple years now.
will people stop living in propoganda past
will people stop living in propoganda past
The majority of mining operations are in china, it is safe to say that well over 60% of mining gears are located in china, i do not know what is it you smoking that makes you think the way you do.
As for OP , if that is to happen the effect on price will either be nothing or negative, it terms of security any major drop in hashrare is bad, plus i am willing to bet the horse that china won't ban shit related to mining.
That's what I heard too, many miners are in Situan Mountains. But why will this be a good news when there would be less miners will confirm transaction if this happens?
In the other hand if China will really ban BTC mining then I guess mining will soon be a big business for people, they can join the pool or just have it for themselves.
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