Topic: China plans closing Bitcoin mining. - page 18. (Read 3575 times)
China plans closing bitcoin mining because those government aren't believe able mining site.Bitcoin mining earning bitcoin from easy.China government Easy income not accepted.So I there for china plans closing bitcoin.
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.
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.
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.
How does closing of bitcoin mining in China boost the price of bitcoin, i am not sure whether these things are facts rather than China hunting down illegal mining farms and i have not heard any legit farms being given any ultimatum about their operations. 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 the price will stand on it possition, china shops of minigs are and will always very cheaper than other brands
Given the prohibitive arrangement that may end with a restriction on tasks for bitcoin mining in the coming months, mineworkers are starting to get ready to move their bedeviling activities to various abroad zones that authorize or don't emphatically denounce the bitcoin exchange and mining. Russia is the objective nation most focused by bitcoin excavators from China given the shoddy cost of power. ideally what this china does isn't excessively negative impact on bitcoin value, length of exchange time and edge.
it seems like it will make bitcoin very rare and harder to get which means bitcoin can be very expensive because bitcoin will get harder to get, hopefully it's genuine news and no fake news.
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, currently the second-biggest economy in the world, proposed a ban on Bitcoin mining companies. I think there is a huge impact of miners.If miners were left jobless, even temporarily, market performance might be impacted. There’s also the possibility of Bitcoin dropping to its lowest price point if the miners are unable to resume operations within a few months. 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 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).
Bitcoin mining site very easily income bitcoin.It's china closing very easily.I isn't think china bitcoin stop mining.Bitcoin mining very easily because Mining account created from bitcoin collect more bitcoin.China mining site some time then bitcoin ming ban from country.
I don't think China will, there is no reason for them to. They make massive amounts of money just mining, and the profits are still feasible.
Bitcoins have recovered from a fatal blow from China only in the past and it will remain to do so in the future because..
What fatal blow from China are you talking about? There is none. Also, do you even know the definition of fatal?
The Chinese market is thriving perhaps less hard than before due to the legal restrictions, but they are still in the market, don't forget that. China's +1.3 billion population means that if even 1% (which equals to 13 million) of them is still involved in Bitcoin, they are still a very large market. I am even pretty confident that there are more than 1% of them still involved in Bitcoin.
Also, China will be back. Ditching everything related to crypto isn't something they want to be doing, but they are pretty much forced to do so due to the explosive growth.
I doubt that China could ever do this. All this is just a pump mechanism to raise the price up. The bitcoin block is still available and then they return to mining and the price crashes. Its a ploy to cause the bitcoin price to be bullish.
I do not think that China will seriously take and stop mining Bitcoin. As you can imagine, 60% of all mining companies will stop working. What's the excitement? or another option, all mining farms will move to Hong Kong or even another country where everything is allowed legally.
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.
I never believed the news came from China. It seems that China is trying to make a lot of rumors so bitcoin and crypto prices are down. Maybe they do so to buy cheaper bitcoin and altcoinThis 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.
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.
I never believed the news came from China. It seems that China is trying to make a lot of rumors so bitcoin and crypto prices are down. Maybe they do so to buy cheaper bitcoin and altcoinThis 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've seen a video on YouTube, that in China there is a person who built a very large Bitcoin miner, If the State of China really closes the Bitcoin mining in that country, I'm sure this person will be very disappointed. And maybe He'll auction the Mining Machine to the people who need it, of course at a lower price. Hopefully this Chinese policy, will be able to make Bitcoin prices increase.
Although im in favor of closing bitcoin mining due to its very expensive mining rig but still im not sure if the reports are true because no one can proved that its a valid and its a pure speculation.
I've seen a video on YouTube, that in China there is a person who built a very large Bitcoin miner, If the State of China really closes the Bitcoin mining in that country, I'm sure this person will be very disappointed. And maybe He'll auction the Mining Machine to the people who need it, of course at a lower price. Hopefully this Chinese policy, will be able to make Bitcoin prices increase.
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 found a news "Although China has become the world’s largest Bitcoin trading market,the country has strictly banned digital currencies on banks because 70% of the central banking authority is owned by the Chinese government". This news published in innov8tiv.
But general people can use bitcoin for trading.
It seems after closing all the mining operations in China, Bitcoin market could take a rise in terms of its value apart from all the other rumours that Bitcoin value could take a great fall by June. But cryptocurrencies statistics show a clear rise in market value.
banning miners hopefully shows some signs of legalizing Bitcoin in most of the countries. let's see where it goes. China does see a future in Cryptocurrency.
banning miners hopefully shows some signs of legalizing Bitcoin in most of the countries. let's see where it goes. China does see a future in Cryptocurrency.
Everything that is happening in China is questionable.
Someone tells this and that but we don't have anything to prove that his claims or news are legit. You don't believe in someone without any valid of authenticity.
Someone tells this and that but we don't have anything to prove that his claims or news are legit. You don't believe in someone without any valid of authenticity.
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