Topic: China mining machinery investment (Read 166 times)
I think China is the first country which too interested in cryptocurrencies compared to other ones existing worldwide which also gives them an edge over other nations.
You have great information asymmetry on China's bitcoin market. All mining machines and mines in China are not invested by the Chinese government. They are all individual and enterprise behaviors. It's free.
How come? Do the chinese government knows about this? The china is a communist country and everything that owns by their people especially if it is a property or an asset means that it is also own by their government. I am not sure though but when we say about bitcoin mining farm then it is huge and that should not be own by an individual instead it is from the government just like @Lorence said. Anyway, if you really wanted to attest all your claims are true then put a link to an article that migh help you to support your claim.Because I started mining in 2013, I was the first group of people to mine in China. I was also a native Chinese. I have a very clear understanding of China's policies. I am a lover of bitcoin and a loyal practitioner. In order to be more decentralized, I am a lover of bitcoin, It's just that bit's computing power is too concentrated now. China's electronic industry and manufacturing industry are developing very well, and people are very diligent. They have nothing to do with the government. They all rely on the wisdom of the people themselves. I think this is the same as most countries,
I wouldn't invest in mining right now, I don't think this is the best time to do it.
I personally did not have the opportunity to check out the mining machines but a known friend of mine was purchasing one from China since they were giving the machines at a far lower price as compared to other countries. He was getting one for around 2000$. But China's market of Bitcoins is actually very fragile. The government have now and again given signals that they hate the Bitcoins.
Rest the people I know were for sure going to buy machine from China therefore I do believe that they have a good audience, but then again as for me I am not going to invest in Chinese machinery since their products are cheap for sure but at the same time these products are not very good for the long term and the only way you getting a mining machine is going to work is when you , in the long term earn more than what you spent. Therefore as for me personally I would go for other options.
With amazon now giving opportunity for buyers to buy mining machines I do believe it would be a much better option for us.
Rest the people I know were for sure going to buy machine from China therefore I do believe that they have a good audience, but then again as for me I am not going to invest in Chinese machinery since their products are cheap for sure but at the same time these products are not very good for the long term and the only way you getting a mining machine is going to work is when you , in the long term earn more than what you spent. Therefore as for me personally I would go for other options.
With amazon now giving opportunity for buyers to buy mining machines I do believe it would be a much better option for us.
You have great information asymmetry on China's bitcoin market. All mining machines and mines in China are not invested by the Chinese government. They are all individual and enterprise behaviors. It's free.
How come? Do the chinese government knows about this? The china is a communist country and everything that owns by their people especially if it is a property or an asset means that it is also own by their government. I am not sure though but when we say about bitcoin mining farm then it is huge and that should not be own by an individual instead it is from the government just like @Lorence said. Anyway, if you really wanted to attest all your claims are true then put a link to an article that migh help you to support your claim. That will not be possible, as far as I know, Chinese bitcoin farms are state sponsored which means that individual investments is not an option, there is also that investment exclusivity in Chinese soil where you are not allowed if you are not a citizen and the market is closed off to only mainland citizens. I want to invest in one but most have the problem with the power costs which ates up most of the profits for miners, that will be an old wives tale very soon as mines are getting closer to power sources and most are converting to cheap renewables which could drastically profit many investors and the miners themselves.
You have great information asymmetry on China's bitcoin market. All mining machines and mines in China are not invested by the Chinese government. They are all individual and enterprise behaviors. It's free.
That will not be possible, as far as I know, Chinese bitcoin farms are state sponsored which means that individual investments is not an option, there is also that investment exclusivity in Chinese soil where you are not allowed if you are not a citizen and the market is closed off to only mainland citizens. I want to invest in one but most have the problem with the power costs which ates up most of the profits for miners, that will be an old wives tale very soon as mines are getting closer to power sources and most are converting to cheap renewables which could drastically profit many investors and the miners themselves.
:oNo one cares about that anymore
BTC
As we all know, China's low-cost telephone and perfect electronic manufacturing industry account for more than 95% of China's computing power today
How many people are willing to invest and purchase Chinese mines and mining machines through the token fund of BTC mining machinery?
We are trying to decentralize China's computing power base in a way that makes the whole bit system more decentralized,
As we all know, China's low-cost telephone and perfect electronic manufacturing industry account for more than 95% of China's computing power today
How many people are willing to invest and purchase Chinese mines and mining machines through the token fund of BTC mining machinery?
We are trying to decentralize China's computing power base in a way that makes the whole bit system more decentralized,
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