Topic: China plans closing Bitcoin mining. (Read 3520 times)
If this information is really true then it will probably affect our market. Because china is a large market and potentially more or less influenced the use exploitation and trade coins.
In China, bitcoin mining consumes a lot of energy and the Chinese government is concerned about the problem. They fear that bitcoin digging will affect their energy.
If that is the case then the Chinese government must seek for another way to find source of renewable energy. They can see the potential of bitcoin that is why more and more Chinese citizens are using it, therefore it is really effective. In such a way we can say that people in china sees the bitcoin as something that has a huge help to them.
its very hard to conclude that the chinese government would do that to bitcoin, because we all know bitcoin is so powerful and we all know that china is one of the powerful country and bitcoin would be a big lost for them if they would close bitcoin in their country. Just my opinion.
Mining companies not interfere to China government, no reason to close it
If this news have accepted by China goverment, it will be big crash for network hashrate but not for long time.
If this news have accepted by China goverment, it will be big crash for network hashrate but not for long time.
I think most the big miners from china and it is not possible to stop mining in china.I think this kind of fake news make confusion for the beginners and demotivate them.
There are so many governments intended, it will greatly affect the deals related to bitcoin and altcoin! But digital money transactions are peer-to-peer so transactions can not be banned!
I have already heard the news but have not received a clear clarification, do you have any evidence about this? I am afraid that this includes only FUD, China does play an important role in the crypto world even in the real economy, a little negative news I think will affect market participants Even though the impact has not yet been felt, the market is still silent, there has been no significant movement
Virtual money peasants rushed to China because of low electricity prices, cheap labor, and many supporting industries. Now, all these advantages are gone, instead, the rules are more stringent. China also offers many proposals to discourage bitcoin digging activities. The tightening of a power management policy will do. The diggers easily ship to other countries. Since virtual currency machines have been in use for over two years and other components are relatively cheap.
What can you say about China of closing their rigs/mining?
This could overshoot the price to the moon or plunge the price below the ground?
Those holding btc just brace yourself fasten your seat bet for possible vortex of price.
china will never banned I have believe it.This could overshoot the price to the moon or plunge the price below the ground?
Those holding btc just brace yourself fasten your seat bet for possible vortex of price.
People of China still praise Democracy but has it been established there?? Mate china is a single country who has been leading in crypto ban debates around the globe.
What can you say about China of closing their rigs/mining?
This could overshoot the price to the moon or plunge the price below the ground?
Those holding btc just brace yourself fasten your seat bet for possible vortex of price.
Eran more Bitcoin start trading,invest and mining,more people always believe it and getting to good profit for the trading,invest and mining.the Bitcoin popular also increase so never end and stop again.china will never banned I have believe it. This could overshoot the price to the moon or plunge the price below the ground?
Those holding btc just brace yourself fasten your seat bet for possible vortex of price.
As more and more people getting into crypto , the bitcoin mining is getting difficult day by day. More importantly is that Bitcoin is a direct thread to conventional payment system and can have adverse affect on Country's fiat system. That is why China is against it.
What can you say about China of closing their rigs/mining?
This could overshoot the price to the moon or plunge the price below the ground?
Those holding btc just brace yourself fasten your seat bet for possible vortex of price.
mining and mining difficulty irrelevant to price This could overshoot the price to the moon or plunge the price below the ground?
Those holding btc just brace yourself fasten your seat bet for possible vortex of price.
I haven't heard that China is going to shut down bitcoin mining, and I think it's all rumors. If that happens, it will definitely affect the price of bitcoin, and demand will increase. The price of bitcoin will go up.
Earn a bit of profit from the bitcoin, people still contemplate digging bitcoin despite strict government control regulations. People's Bank of China has stopped operating for the digital money trading floor at Beijing and Shanghai in the middle of September 2017, fearing that unregulated markets may pose significant financial risks. The development of bitcoin, It has boomed strongly but shows a lack of stability. Despite the ban on bitcoin exchange and exploitation, the Beijing government says it is seeking to release its own digital currency.
China always make changing their mind all the time, so unable to believe what they talk, however they might lost some incoming money from outsourcing.
What can you say about China of closing their rigs/mining?
This could overshoot the price to the moon or plunge the price below the ground?
Those holding btc just brace yourself fasten your seat bet for possible vortex of price.
This could overshoot the price to the moon or plunge the price below the ground?
Those holding btc just brace yourself fasten your seat bet for possible vortex of price.
I think if China starts incapacitating mining in their country, then we'll probably see a rollercoaster price movement since some might panic sell due to the fact that there will be no more big miners, or the price may skyrocket since no one is pooling bitcoins in the total supply anymore.
What can you say about China of closing their rigs/mining?
This could overshoot the price to the moon or plunge the price below the ground?
Those holding btc just brace yourself fasten your seat bet for possible vortex of price.
This could overshoot the price to the moon or plunge the price below the ground?
Those holding btc just brace yourself fasten your seat bet for possible vortex of price.
Actualy i dont believe this kind of feed news thats china would closed all there rigs or mining in cryptocurrency investment because 70% of there economic progress comes from the crypto mining and they are done become more progressive because of cryptocurrency help,maybe this things only a denial strategy in order to no one foreign exchange competitive them in terms of crypto mining, i thinks china would have a great plan to manipulizing have there own glovall rig in order to get all more percentage in rig or mining investment rather than other foreign miners.
I think this will not happen. China will never do that. China is interested in the development of cryptocurrency and, therefore, it will support miners in their work.
What can you say about China of closing their rigs/mining?
This could overshoot the price to the moon or plunge the price below the ground?
Those holding btc just brace yourself fasten your seat bet for possible vortex of price.
This could overshoot the price to the moon or plunge the price below the ground?
Those holding btc just brace yourself fasten your seat bet for possible vortex of price.
I think things like this really have an impact on the development of bitcoin. because the development of bitcoin also saw the situation in reality. so whatever happens is certainly very influential on its development.
China as a communist country, the laws must be strictly follow and the government want to limit electricity to Bitcoin miners and they are very concern with the electricity usage and with the issue also Bitcoin transparency that till now its not properly address and the issue is not resolve.
but bitcoin miners don'd use all the electricity in the country. they buy cheap extra electricity near the power plants.
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