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Topic: China Ban Bitcoin mining ??? - page 2. (Read 541 times)

sr. member
Activity: 322
Merit: 250
November 18, 2017, 01:19:42 PM
#4
It'll never happening Smiley). You should know that almost biggest Bitcoin mining factories are being located in China, the amount of money the government get from taxes of these factories everymonth is very huge so I don't think they will ban Bitcoin mining for any reason. But if they will do that I think it'll really bad cause the amount of Bitcoin these factories provide to the world cryptocurrency market everyday is very huge so it'll be a big lost if these factories will be forced to close.
member
Activity: 140
Merit: 10
November 18, 2017, 01:19:24 PM
#3
Hi,

China has already banned ICOs and is shutting down Bitcoin exchanges. What would happen if they also banned crypto mining?

Overall nothing.
A decrease in hashrate, slower blocks till the next difficulty adjustment and then everything back to normal while miners will probably relocate to other countries.

Once this is over I will open the third beer since we will be finally done with china banning bitcoin/ico/mining and there is nothing left for them to ban.


It seems that they will switch to bch and neo in china, Do yo think it's a fake news ?
legendary
Activity: 2912
Merit: 6403
Blackjack.fun
November 18, 2017, 01:13:52 PM
#2
Hi,

China has already banned ICOs and is shutting down Bitcoin exchanges. What would happen if they also banned crypto mining?

Overall nothing.
A decrease in hashrate, slower blocks till the next difficulty adjustment and then everything back to normal while miners will probably relocate to other countries.

Once this is over I will open the third beer since we will be finally done with china banning bitcoin/ico/mining and there is nothing left for them to ban.
member
Activity: 140
Merit: 10
November 18, 2017, 01:09:14 PM
#1
Hi,

China has already banned ICOs and is shutting down Bitcoin exchanges. What would happen if they also banned crypto mining?

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