Topic: China plans closing Bitcoin mining. - page 17. (Read 3520 times)
It is telling that it was China's central bank that met on the issue of Bitcoin mining, underscoring the fact that the issue is not only, or even primarily, an energy issue. It’s about clamping down on perceived risks of the cryptocurrency, which regulators have associated with malicious acts like fraud and money laundering.
Yes, every country has a different policy. Perhaps, China considers that the decision to close bitcoin mining is good for their country. I do not know what the reason China is closing this bitcoin mining. China may feel a loss if this mining continues to exist. If China really closes the bitcoin mining then the market price will decrease as most of the crypto currency players are Chinese. China also affects the crypto currency market especially for the Asian region. Hopefully, China reconsider its decision.
It will be good news for the miners from other countries such as Russia. The difficulty level will go down and the other miners will see an increase in their daily revenues. That said, I can't predict what effect it can have on the exchange rates.
i dont think that this is a good news because as what i always understand if a country has closed btc mining , exchange , etc or any other service related to bitcoin,
the price of bitcoin will also become affected because the demand will be lessen.Im pretty sure that these events can somehow inflict a damage to the current value of btc but only if the news was real and legit. If not , then there is only a small chance that it can cause panic attacks.
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.
It will be good news for the miners from other countries such as Russia. The difficulty level will go down and the other miners will see an increase in their daily revenues. That said, I can't predict what effect it can have on the exchange rates.
Any body know what’s going on with China government faced about cryptocurrency and bitcoin ? before bitcoin have been famous virtual money China is the only one country was support bitcoin and have bee popular virtual money in the world, but when bitcoin have on the top China was banned bitcoin transaction in their country, include all ico and now was banned bitcoin mining. China have more bitcoin mining companies and they have work on big companies.
China I look very inconsistent, first they refuse bitcoin and keep some time later they open the option to open with cryptocurrency. now they are trying to close the bitcoin mining. they are like making an issue for the world to pay attention to the country with the 2 billion people.
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
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.
Friends, China is the most important manufacturer of graphics cards and asics. It can release so many mining farms and negotiate the installation of its computers in the cold regions of Russia, or other cold regions (county) where bitcoin is legalized. It's not a problem for them. Believe me.....
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.
is the chinese government are trusthworthy? Should we really trust i think no because we know that governments of china is very selfish 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.
In my view, China produces the most Bitcoin in the world using Bitcoin mining, which involves an energy-intensive process of solving complex math problems to add transactions to the Blockchain, a public ledger. But the crackdown is about more than the high levels of energy required to mine Bitcoin.
Well i don,t see it affecting prices again. China have tried severally to control bitcoin but the fate of cryptocurrency can't rest on a single country. Miners have already spread their tentacles far and wide many countries so china banning will go unnoticed. many people have started setting up mining rigs in their own countries and all these stuffs counts. Remember this is decentralization and can't be stuffed in one country/
The Chinese government will forcibly shut down bitcoin miner operators in the coming months, Bloomberg reported last week. This Chinese intention will certainly have a fatal impact on the value of the world's largest digital currency today.
China has been one of the most important players in bitcoin development in recent years, but Beijing has spent the last six months raided the Crypto (cryptocurrency) money market - closing the local exchanges and banning coins.
Based on the scattered documents, it appears that the Chinese government is planning to "end the life" of bitcoin mining operations slowly over the next few months.
China has been one of the most important players in bitcoin development in recent years, but Beijing has spent the last six months raided the Crypto (cryptocurrency) money market - closing the local exchanges and banning coins.
Based on the scattered documents, it appears that the Chinese government is planning to "end the life" of bitcoin mining operations slowly over the next few months.
Yes, I know that China’s government is planning to shut down Bitcoin miners in its latest crackdown on the cryptocurrency. The Leading Group of Internet Financial Risks Remediation has requested that local governments make an “orderly exit” from the industry.
China will take over everything, they are doing their purpose slowly
Yes, I am familiar with such information that at the disposal of the media there was a document in which the Chinese government instructs the regional authorities to gradually eliminate the production of crypto-currency in the country.
I watched youtube about the bitcoin mining that was last year, there are many Chinese who like to mine bitcoins some of them rent a building to mine bitcoins, but now government want to close bitcoin mining? this is bad for Chinese miners.
This is bad news to us after banning bitcoin to their country, they want to close mining now. I don't know how they do that. But I hooe the country of china will accept again bitcoin and not banning and closing mining. Because bitcoin is goold opportunity to earn money and they can help to their economy I think to grow more.
China plans to close its bitcoin-producing mine by making electricity consumption more wasteful and includes risky investments. This is in line with the assessment of the authorities that digital currency (cryptocurrency) is not a strategic industry.
A number of institutions are asking the provincial government to "actively guide" companies in each region out of the bitcoin industry.
The move is to encourage digital currency miners to follow the closing of the bourse and ban the initial offer of coins (ICO).
A number of institutions are asking the provincial government to "actively guide" companies in each region out of the bitcoin industry.
The move is to encourage digital currency miners to follow the closing of the bourse and ban the initial offer of coins (ICO).
Yes, but so far bitcoin has participated in the improvement of China economy. In 1 day, china can mine to 25 BTC, but why now mining activity is closed, I do not understand what it means.
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.
To small time miners it is a good news for them and including me. Less miners low difficulty and more shares to get. Maybe we should just focus on development of crypto in other coutnries and not just China, they are not the star in this show.
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