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Topic: China may ban bitcoin mining soon. - page 6. (Read 642 times)

hero member
Activity: 1456
Merit: 579
HODLing is an art, not just a word...
April 11, 2019, 10:40:21 AM
#3
there is not that much bitcoin mining left in China for them to ban it. most of the mining farms are already outside of jurisdiction of the Chinese government and big companies such as Bitmain already have their Headquarters in another place. not to mention that the mining pools are servers that are oversees and Chinese government has no power over them either.

so talking about China and bitcoin miners is kind of a meaningless argument in my opinion!
member
Activity: 316
Merit: 25
April 11, 2019, 10:15:27 AM
#2
Why would China allow something that they cannot control? Socialism can't thrive under freedom
jr. member
Activity: 73
Merit: 1
April 11, 2019, 10:12:25 AM
#1
I am very sad by this news
SHANGHAI:HONGKONG
china's state planner wants to eliminate bitcoin mining In The country according to a draft list of industrial activities
The agency is seeking to stop in a sign of growing government pressure on the cryptocurrency sector. China is the world's largest market for computer hardware
designed to mine bitcoin and other crypto currency even though such activities previously fell under a regulatory grey area. It did not stipulate a date or plan for how to eliminate bitcoin mining,meaning that such activities should be phased out immediately.
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