Topic: China plans closing Bitcoin mining. - page 10. (Read 3520 times)
China is a country with the most policies with Bitcoin. It is difficult to understand what they are thinking. They are prohibited from purchasing ICO in some projects
Very many interesting opinions on this matter! but my opinion is that the Chinese only make themselves worse! a few years ago, China was the first in the development of the crypto world! And now, due to incomprehensible laws, big players, big miners, large projects - are starting to leave for other countries, where doors are open for them! The number of bitcoins will not decrease because of this, and the price will not be affected by these changes! But China will lose its leading role in the development of the crypto market!
Is there any official news about this? i think these are just rumors and nothing more.
Most mining companies are fleeing from warm to cold countries
Mining companies are growing and becoming large
I think prices will not change much
do not worry
Mining companies are growing and becoming large
I think prices will not change much
do not worry
That's the news of course.. They have the most farms are.. let's hope that the price will fly up not otherwise)
China is a country where freedom is not a guaranteed issue. Therefore, all government actions contrary to bitcoin and other crypto are normal for a centralizing country and do not admit decentralization
I agree with you because Tina has special laws for the people living there. If the government decide to close the mining of Bitcoin people except this. They still believe in their government.
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.
China had already closed their market to cryptos and btc and what should we expect coming from them; that they will open for us!
China for the past years banned bitcoin because it is this technology that will end up the traditional businesses within their country. There are many Chinese investors who wanted to enter the world of cryptocurrency and the first gen – bitcoin, most of them invested in BTC. The Chinese government never wants to disrupt their businesses with such Ponzi scheme they believed.
In my opinion,it is hard to believe some of the statements here in the forum especially those who do not have their source. Well, that's true, it will make me think that effect is important for all users of cryptocurrency but I think it will not be a big problem.There are two reasons why I say that.First is that even though they close bitcoin mining,there are many ways here in bitcoin for us to use it. Another thing is that even they are banned,
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.
Well they fear right. Energy is an important thing in the development of a country's economy and if mining bitcoin affects that then they ought to make that decision to stop mining. 
Those are fake news, China is nit closing anything, why would they? And jf they wanted to, they couldn't really forbid mining for everyone, some people would still mine. If that ever happened it would surely leave a negative effect on the market, the price would probably drop, fortunately it isn't going to happen.
if China makes such a move than the mining companies would move their mining sections which are worth maybe millions of dollars to some other crypto friendly country and that country would make money from them.
I do not believe in that. China is very cunning. How can China refuse the mining of Bitcoin if they took the top position in extracting the main currency. Moreover, China is one of the main countries that have a significant impact on the entire crypto industry. Therefore, less believe the people who talk about it. China is the main engine of the crypto currency. Just like the US, South Korea.
Some of China’s mining operations are already looking to relocate overseas, but the process will take time and will inevitably lead to lower margin since electricity prices outside China are much higher.
What can you say about China of closing their rigs/mining?
Nothing strange to their rules, since November 9, 2017 and then they often issued a statement beyond expectations.
This could overshoot the price to the moon or plunge the price below the ground?
Not for both, but will make the market move slowly to grow even tends to stagnate. As we know China previously is including a country with a very large number of miners, then any policy made by his government, the impact will certainly be felt by all users of cryptocurrency especially bitcoin.
I don't think China will close bitcoin mining. The equipment belongs to large players who work for the future. But if China closes mining, a wave of panic will start.
China is already a country with a stance against crypto. It's pointless that you still have more crypto stuff. It will not be done there anymore in mining. Chinese attitude is clear.
China in general has developed a two-year program to completely ban decentralized crypto currency in its territory. In this regard, it turns out, they will try to isolate themselves from the rest of the world. It is unlikely that they, of course, will succeed, but they plan to close all the sites that somehow will be connected with the crypto currency. Apparently, they, as always, are trying to find their own way of using crypto currency in their national interests. Well, let them try. However, they risk falling behind the world's progress in the field of crypto-currency.
China does not have to be that strict. They support Blockchain technology. They can support the crypto in the same way. They can do it with the necessary legal regulations.
If the Chinese government shuts down the mining business, the miners will immediately enter other countries and have good electricity supply in North America and South America, and I hear that it costs only 570 dollars to collect a bitcoin at the Sara.
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 China should not close bitcoin mining because that is one way to earn a free bitcoin and many people is mining bitcoin so if they close mining many people will lose money and they find other cryptocurrency that has mining.
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