can we really trust Chinese government not to change their mind?
This is really a bad news for all Chinese people if China will closed mining.Mining helps many people in China for them to earn money.China government should review this.
Topic: China plans closing Bitcoin mining. - page 14. (Read 3593 times)
This is really a bad news for all Chinese people if China will closed mining.Mining helps many people in China for them to earn money.China government should review this.
What would China plan to do with their excess electricity now? I believe many of you do not understand that once electrcity is generated, it should be used or it will be WASTED because it cannot be stored. Then any electricity generated that is used by the miners really saved it from being WASTED.
The people who say that "Bitcoin mining is a waste of electricity" are wrong and misinformed.
The people who say that "Bitcoin mining is a waste of electricity" are wrong and misinformed.
eventually one by one the country will do that, it could be the beginning of the extinction of bitcoin, because maybe other countries will follow in the footsteps of china. but it's still news, not sure .. we'll see the future .
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 is another fud dont be scared guys we will see a big dump but buy more after a big disaster and dont panic to sell or you will regret if you sell it just follow the flow because china is the one of t he powerful couintry that can control or manipulate the value of all cryptocurrency so all we need is to have a faith. 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 a lot of similar plans and changed it in the last minute. It is difficult to understand what the Chinese are thinking. It made me lose my confidence in their decisions
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.
If cryptocurrency price falling too far in the market, then not only china but most of the miners will close their mining activities because they won't get any profit from mining. The mining earnings will not cover the equipment and electricity cost. But what you said really true about china, then bitcoin difficulty may falling down drastically. Recently there was a flood in china and their mining rigs were damaged, bitcoin difficulty decreased very much.
Indeed, miner should calculating their cost with bitcoin price. If bitcoin price drop too cheap, no one miner interesting on bitcoin not only china. I dont believe china will ban bitcoin mining because china is one biggest market in cryptocurrency
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.
If cryptocurrency price falling too far in the market, then not only china but most of the miners will close their mining activities because they won't get any profit from mining. The mining earnings will not cover the equipment and electricity cost. But what you said really true about china, then bitcoin difficulty may falling down drastically. Recently there was a flood in china and their mining rigs were damaged, bitcoin difficulty decreased very much.
I don’t think so that it will happen. But if this happen then those who are holding bitcoin will be profitable, as I think. But I pray for not to happen this.
China closing their bitcoin mining does not seem very good news. However, whether they close it not will have very little impact on the pricing and develpoment of bitcoins at a whole. This because several other individual and countries other than these chinese are all invoved in the bitcoin mining business.
can we really trust Chinese government not to change their mind?
They pretty well can do it themselves, the Chinese are not very consistent in their decisions. However even discussions of the topic can contribute to Bitcoin price volatility
I don't think china will close it actually because this is profit. Maybe this is just fake news. If it is real then it will really hit bitcoin hard because large population on bitcoin community wi be gone.
According to documents leaked by local governments, China intends to enforce a ban on Bitcoin mining, forcing the mines to stop operating.
It is unclear whether this is a ban on Bitcoin mining or simply the closure of the largest mining farms. But after banning operations in the crypto and ICO markets, China appears to be moving toward a full cut off of Bitcoin-related activities.
It is unclear whether this is a ban on Bitcoin mining or simply the closure of the largest mining farms. But after banning operations in the crypto and ICO markets, China appears to be moving toward a full cut off of Bitcoin-related activities.
I think, bitcoin will keep growing even though many countries forbid, maybe this is unpleasant news should a country like china support the success of btc because of course this will help a lot of the economy, hopefully it's just bad news that will drop the bitcoin 
confused with the country, they legalize bitcoin, but prohibit bitcoin mining .. 
Mining in China consumes too much electricity, so it was decided to stop it, but not to liquidate it completely, but simply to remove it from the territory. At the moment, Chinese miners are in search of locations with cheap electricity and a cool climate, in which the equipment will not overheat. As the most advantageous from this point of view, the Financial Times names Canada, Iceland, Eastern Europe and Russia.
China already banned bitcoin and It's not suprising if they stop or closing also the bitcoin mining to their country. But I don't know the reason why the bitcoin is not accepted to their country. I think the people who behind this is the government because they did not get taxes so they need to ban bitcoin even they have people who earn money.
Yes this is true. in Beijing believe that miners consume too much electricity and create financial risks. However, such a tough measure can carry a serious threat to mining, as 80% of all capacities in the world are concentrated in China.
Base on information I got from a reliable source China does not have any plans of closing down Bitcoin, it was just a FUD, I see no reason why they should do that
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.
Please give us more information a bout the news please provide us a link where did you get this information. China is one who banned bitcoin worldwide, but i read a topic here that china ate developing their own blockchain so they dont want any other coin to their country they are developing their own coins. 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.
Yes this is true. a specific reason is not indicated, on which the work of the miners ceases, an order that has already been executed is simply issued. the closure of mining in China can seriously affect the market of bitcoins, since it is there that 80% of the world's mining capacities are concentrated.
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