Topic: China is thinking about unbanning bitcoin mining after price rise - page 7. (Read 839 times)
October 25, 2021, 10:27:53 PM
They done fucked up didn't they? lol. I guess it makes sense for them to be banning something they can't have control of, but if this industry accelerates in growth they'll be missing out on a lot of economic activity.
October 25, 2021, 10:12:20 PM
[...]
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.
Read in full https://digesttime.com/2021/10/24/china-is-thinking-about-unbanning-bitcoin-and-started-a-new-research/
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.
Read in full https://digesttime.com/2021/10/24/china-is-thinking-about-unbanning-bitcoin-and-started-a-new-research/
"...is now seeking public opinion", what the hell China. Are you joking or are you a joke yourself?
I gotta say they have put 14 year old on the national development body and he is not able to make the mind on how to develop the nation!
Whatever this CNDRM is, they should have been clever enough to take this opinion before they banned the crypto industry from their nation. Not after the damage has been done dude. Imagine how much crypto money chinese lost already and how they might have sold off their hardware, leased contracts might have been forfeited, employment gone and what not.
This is a serious joke now, that they are asking the same peeps, whether to bring back the crypto or not. I mean who is going to believe on them now?
October 25, 2021, 09:54:17 PM
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.
October 25, 2021, 09:50:37 PM
Is this a reliable news article? It seems the news does not have anything solid to say. It is purely speculation. This is like one of the many crypto-related articles that are published on online news sites for the sake of having released a new article.
It even says, "China’s plan to crash the Bitcoin value appears to have backfired." I doubt they have a source for this claim. Did China plan to crash Bitcoin's value? Was there such intention as this from China?
It even says, "China’s plan to crash the Bitcoin value appears to have backfired." I doubt they have a source for this claim. Did China plan to crash Bitcoin's value? Was there such intention as this from China?
October 25, 2021, 09:08:58 PM
One thing I know is that they don't care what we think and want, because they are Chinese. The moves represent an attempt by the world's second-largest economy to eliminate risks in the financial system, launching an ambitious campaign to save energy and cut emissions. But the problem is that we are on a very strong development, and they banned it 
, I have to be more honest that the news does not affect my pursuit of this market and many others.
If you are still afraid of China's crypto ban issue, you should live in China to understand it better, I'm not a Chinese citizen and I support crypto.
, I have to be more honest that the news does not affect my pursuit of this market and many others.If you are still afraid of China's crypto ban issue, you should live in China to understand it better, I'm not a Chinese citizen and I support crypto.
October 25, 2021, 08:50:07 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/
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/
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