I don't doubt the source of the information is legit. It really looks like China is trying to check how its reputation is right now at crypto market among investors. They dropped the bait, if the market pumps, China can consider it is due to them being opened to rethinking their position regards crypto currencies, what would mean they are still influent here. If nothing significant happens, well, they will have to think in something smarter to get the importance they had before the final ban.
As I see China is behaving similar to the girl who keeps despising the boy who likes her, but once the boy forgets her, she will do everything to attract his attention back.
Topic: China is thinking about unbanning bitcoin mining after price rise - page 3. (Read 839 times)
October 28, 2021, 07:58:36 AM
October 28, 2021, 07:00:20 AM
Oh so China is taking a “u-turn” by considering to unban Bitcoin mining? I would assume that it’s not just gonna be mining alone, but trading of cryptocurrencies as well. I think they just realized that they’ve missed the big boat by means of outright banning Bitcoin mining.
However, I am not convinced of China’s motives. However, I do believe in the “change of heart”, but not this kind of news. So yes it’s a good thing that they are going to research and educate themselves about the positive and real use cases of Bitcoin rather than seeing it as a threat to the digital yuan.
No matter how many times they spread FUD and crackdown stuff, BTC always bounce back bigger than ever. They can’t beat BTC.
However, I am not convinced of China’s motives. However, I do believe in the “change of heart”, but not this kind of news. So yes it’s a good thing that they are going to research and educate themselves about the positive and real use cases of Bitcoin rather than seeing it as a threat to the digital yuan.
No matter how many times they spread FUD and crackdown stuff, BTC always bounce back bigger than ever. They can’t beat BTC.
October 28, 2021, 02:24:02 AM
Personally I’m pretty surprised that China would be considering this as I would think they would just be happy with doing their own mining and collecting bitcoin for its own use (the government/dictatorship of Chinas use). But then again little makes sense to me over there.
China has demonstrated its influence in crypto, from ban issues to mining licensing issues. I think China doesn't want to miss the opportunity to make a profit in crypto, this makes China always have a controversial policy in crypto 
October 28, 2021, 01:27:42 AM
If at the moment they think like that of course the decision they have made at that time harms their own country because very many miners from China have moved all their mining facilities to a safer country of course to return to their country they have to think twice because they do not want them to continue to face the same problems while the mining process is doing, Whereas China is one of the countries that many miners so the government does not see the benefits they get so it bans crypto as it is today, and in the future we do not know what they are planning.
October 28, 2021, 12:35:40 AM
If I were those miners who already migrated to other countries and managed to establish my new mining facility, I don't give a second thought to going back to China where their government is unpredictable and will issue another decision about cryptocurrencies about a year later. I think it's better for those people not to care about their decision and move on wherever in the world they are currently building their new bitcoin mining facility.
Exactly, setup is very important here. If someone already had made his setup in another place, it will be difficult for him or her to make another decision for going back and I don't think so it will be a wise decision to go back. If possible to run from a new place, do it successfully and hope for the best.
October 27, 2021, 09:21:59 PM
Personally I’m pretty surprised that China would be considering this as I would think they would just be happy with doing their own mining and collecting bitcoin for its own use (the government/dictatorship of Chinas use). But then again little makes sense to me over there.
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October 27, 2021, 08:40:06 PM
I'm still puzzled how including it in the list of phased-out industries acts as a complete reversal of the ban?
What the hell is this, Reverso world? Who the f word writes these articles, monkeys that are still not able to peel a banana?
What the hell is this, Reverso world? Who the f word writes these articles, monkeys that are still not able to peel a banana?
I think they write those article just to answer the speculation like this thread thrown away at them after there statement of unbanning it. Chinese regulation is indeed very complex and they regularly update there catalogue for the list of they want to phase out due to intensity of illegal activities happening there. Maybe this kind of action is common on a communist country since they control everything and mainstream media is just making the issue worst just to give an impact to cryptocurrency valuation.
October 27, 2021, 03:01:42 PM
What do bitcointalk’s community and users think and speculate about this latest news development? Would anyone consider that the Chinese government might be recognizing that they have made a mistake and might be ready to unban mining for bitcoin and other cryptocoins?
That would be their choice to make for themselves, really I am starting to get tired of all these Chinese this and that. If they decide that it is best for them to life the ban on cryptocurrency, then they should go ahead and do that and allow people to continue to mine cryptocurrency in their country, but if they still think that cryptocurrency is bad for them in their country, then they should go ahead and ban it for good and stop moving back and forth.For me, whatever Chinese thinks doesn’t stop me from making use of crypto currency and we have seen that their decision will not affect the market anymore from what we have seen so far, the market kept moving despite everything that has happened.
October 27, 2021, 01:26:43 PM
First of all, we need to see whether this news comes from some credible source or it's just a speculation, I think just speculation.
Secondly, the Chinese govt doesn't break out its official news so easily. Lastly, Chinese government is not that weak in front of BTC that its willing to realize its mistake. We must stop giving importance to China govt, Musk and other entities for BTC price.
Secondly, the Chinese govt doesn't break out its official news so easily. Lastly, Chinese government is not that weak in front of BTC that its willing to realize its mistake. We must stop giving importance to China govt, Musk and other entities for BTC price.
October 27, 2021, 12:45:33 PM
^snip~
The funny thing is their decision, it seems we can guess at the end. Looks like we don't need them in Bitcoin Growth and other cryptos. I don't really like those who seem to have no stand in making decisions. The reason was simple, they had turned off and kicked out all minners and it looked like they had gone overseas. So it's about time China didn't become a country with a big influence on Bitcoin. October 27, 2021, 12:29:20 PM
What do bitcointalk’s community and users think and speculate about this latest news development? Would anyone consider that the Chinese government might be recognizing that they have made a mistake and might be ready to unban mining for bitcoin and other cryptocoins?
According to CoinTelegraph, China’s National Development and Reform Commission (CNDRM) is now seeking public opinion on the inclusion of crypto mining in its list of “phased-out” industries, after seeing that the ban helped the U.S. to become the world’s dominant crypto mining nation.
It looked like China’s stance regarding crypto mining was finally cemented with the ban imposed in May this year, after it had been going back and forth on the issue since 2019, but now, they are skeptical after most of the Bitcoin hashing power was relocated from China to other states, helping the U.S. become the leading hashrate provider.
Read in full https://digesttime.com/2021/10/24/china-is-thinking-about-unbanning-bitcoin-and-started-a-new-research/
The only thing I have to say is good luck with that, the Chinese governments obviously did not liked the development we are seeing but what I wonder is what did they thought it would happen? Did they thought the miners will just turn off their machines and they will accept to loss their investment of millions of dollars just because they said so?According to CoinTelegraph, China’s National Development and Reform Commission (CNDRM) is now seeking public opinion on the inclusion of crypto mining in its list of “phased-out” industries, after seeing that the ban helped the U.S. to become the world’s dominant crypto mining nation.
It looked like China’s stance regarding crypto mining was finally cemented with the ban imposed in May this year, after it had been going back and forth on the issue since 2019, but now, they are skeptical after most of the Bitcoin hashing power was relocated from China to other states, helping the U.S. become the leading hashrate provider.
Read in full https://digesttime.com/2021/10/24/china-is-thinking-about-unbanning-bitcoin-and-started-a-new-research/
Miners just did the rational thing, they relocated to countries with cheap electricity and that will let them work without the threat of their activities being banned every single month, now they are seeing they could be losing some revenue and a lot of the excess electricity they were producing that was used by miners now is wasted and now they want them back, but I am sure many miners out of principle will refuse unless they have no other alternative as who wants to run a business under those conditions.
October 27, 2021, 12:04:53 PM
Its so funny to think that after they ban crypto and spreading negative views, now they want to be part of crypto again. Lol maybe their digital currency didn't give them a good return after all the efforts that they invested in it such those criticism about crypto to obtain more attention around the internet wherein even they're a out of crypto and cannot influence the market anymore.lol But obviously it's epic fail that's why they want to embrace it again. 
I believe it is a bit of a marketing gimmick. This is because, since bitcoin has recently been used in illegal transactions, people will judge it immediately, and most people will not judge it until the price rises. It's ironic that they used to criticize it, but now they want to join in because they're looking for a good investment as well as passive income. It is similar to China in that as long as big money is involved, people's choices and thinking change. However, it is still speculation whether they will unban it, so let's wait and see.
October 27, 2021, 11:55:19 AM
Damn. China has become a country that has vehemently abandoned bitcoin and current explanations contain any commitment to a penance when feeling lonely 
. Lol, please don't bring bitcoin back as their next test. It is too late to issue disclaimers with meaningless explanations. Who will accept?
. Lol, please don't bring bitcoin back as their next test. It is too late to issue disclaimers with meaningless explanations. Who will accept? 
October 27, 2021, 11:50:05 AM
I'm still puzzled how including it in the list of phased-out industries acts as a complete reversal of the ban?
What the hell is this, Reverso world? Who the f word writes these articles, monkeys that are still not able to peel a banana?
Now that the test is starting to completely get out of hand with people claiming that China is reverting this because without Bitcoin they will end like Somalia and all their economy is going to crash I think it's about time to lock this one and start a poll on the number of users reading more than the title. My bet is less than 30% and diminishing by half for every page.
Be honest, for you bitcoin mining is like coal mining, right? Some other mining farms just got a new excavator and miner more!
What the hell is this, Reverso world? Who the f word writes these articles, monkeys that are still not able to peel a banana?
I created this thread to test everyone.
Now that the test is starting to completely get out of hand with people claiming that China is reverting this because without Bitcoin they will end like Somalia and all their economy is going to crash I think it's about time to lock this one and start a poll on the number of users reading more than the title. My bet is less than 30% and diminishing by half for every page.
The ban of crypto in China really didn't made much of a negative impact for a period of time since mining farms from other countries managed to produce more
Be honest, for you bitcoin mining is like coal mining, right? Some other mining farms just got a new excavator and miner more!
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October 27, 2021, 11:23:23 AM
This article is very misleading same with other news outlet that giving wrong interpretation of China recent statement. They just need to unban Bitcoin Mining so that they can add it to there updated 2019 catalogue for the list of industries that should be phased out.
In short unbanning just to update the ban list to classified it properly. Meaning there still no China in crypto. Media outlet just want to use it to hype the exhausted market by giving there own interpretation.
Reference: www.theblockcrypto.com/amp/post/121893/china-not-unban-bitcoin-mining
In short unbanning just to update the ban list to classified it properly. Meaning there still no China in crypto. Media outlet just want to use it to hype the exhausted market by giving there own interpretation.
Reference: www.theblockcrypto.com/amp/post/121893/china-not-unban-bitcoin-mining
October 27, 2021, 11:15:27 AM
No it would be better if China retains their ban on cryptocurrencies for good. At least we can have have a sustained growth in crypto marketcap if China is not involved in it.
Because we know how the Chinese government is. Even if they plan to remove the ban from cryptocurrencies, at some point in future they might ban it again.
Thus it would again create a panic in the crypto market and will cause a dump in bitcoin's price. So we are better off without China isn't it ?
Although it is good to get the support of as many countries as possible, we have seen China banning crypto and then removing the ban again and again.
Because we know how the Chinese government is. Even if they plan to remove the ban from cryptocurrencies, at some point in future they might ban it again.
Thus it would again create a panic in the crypto market and will cause a dump in bitcoin's price. So we are better off without China isn't it ?
Although it is good to get the support of as many countries as possible, we have seen China banning crypto and then removing the ban again and again.
October 27, 2021, 11:15:15 AM
Whatever the reason and whether the news is true or not, I can only conclude that if it is true it will have a positive effect on the price of bitcoin.
and if not, bitcoin will continue to grow and develop without support from China and also the price will continue to increase because of a lot of good or positive news about bitcoin which I think will continue.
I think all investors are aware and also think smart in response to news from China and don't really care about any questions even if it's positive, because bitcoin will be accepted in other countries and miners will move to bitcoin friendly countries.
So better don't mind any news coming from China to stay focused and keep believing that bitcoin will be fine without China.
and if not, bitcoin will continue to grow and develop without support from China and also the price will continue to increase because of a lot of good or positive news about bitcoin which I think will continue.
I think all investors are aware and also think smart in response to news from China and don't really care about any questions even if it's positive, because bitcoin will be accepted in other countries and miners will move to bitcoin friendly countries.
So better don't mind any news coming from China to stay focused and keep believing that bitcoin will be fine without China.
October 27, 2021, 11:07:52 AM
Its so funny to think that after they ban crypto and spreading negative views, now they want to be part of crypto again. Lol maybe their digital currency didn't give them a good return after all the efforts that they invested in it such those criticism about crypto to obtain more attention around the internet wherein even they're a out of crypto and cannot influence the market anymore.lol But obviously it's epic fail that's why they want to embrace it again.
October 27, 2021, 09:12:43 AM
If I were those miners who already migrated to other countries and managed to establish my new mining facility, I don't give a second thought to going back to China where their government is unpredictable and will issue another decision about cryptocurrencies about a year later. I think it's better for those people not to care about their decision and move on wherever in the world they are currently building their new bitcoin mining facility.
Exactly, setup is very important here. If someone already had made his setup in another place, it will be difficult for him or her to make another decision for going back and I don't think so it will be a wise decision to go back. If possible to run from a new place, do it successfully and hope for the best. October 27, 2021, 08:55:55 AM
After hurricane China passed they started to raise the issue again to keep prices swayed by the issue. Whatever he says, it would be much better if bitcoin is not in China anymore so that its price development is purely due to supply and demand, not just the impact of issues. Far away from China will provide stability to Bitcoin rather than continue to be toyed with conflicts of interest in the country.
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