Topic: China plans closing Bitcoin mining. - page 9. (Read 3593 times)

In China, there are the largest crypto currency farms in the world, so even if the state is against the crypto currency, no one will simply stop dealing with crypto currency. At the price of most tokens, this of course can say, but in the long run, everything should be fine.

Bitcoin is created to survive so dont worry bitcoin price will go down for a little and later after short time it go up again and everything is back to normal,dont worry they are other companies in world which are mining bitcoin more and more often so bitcoin will not die 

 I guess already the Chinese made plenty of money mining in the early stages and do not find it any longer very profitable to mine Bitcoin anymore so they want to pass this job onto others who might want to do this in the near future. Good luck to them if that is what they want. I am sure they will find new ways now to skin the digital currency cat and mainly they will promote their own blockchains like NEO and VEN and just dump Bitcoin which is a shame really as it is the grandfather of all cryptos.

no country anywhere in the world can stop mining even though mining illegal in some countries still they mine bitcoin and other crypto currencies

We can't trust on chines government because they are business minded peoples and they never do this kind of thing. china always show their two color for the world, if this happen then this situation not create much problems for bitcoin and its transactions but i am sure china will not do because they also like blockchain technology and planing to launch their own cryptocurrency so how they can close mining because they need miners for their cryptocurrency

i think this is a good news from bad news. the good news is that the competition to mine bitcoin become bigger 

It seems nowadays chinese try hard to turn off bitcoin. In the sense that bitcoin does not want to continue to exist in china. So they closed the bitcoin mining there. It looks like bitcoin is now too strong and hard to resist. That's just my opinion. Because I see the trip that is on bitcoin.

There were many such statements from different governments. In fact, it has always been not about a ban, but about regulation. This news is always misinterpreted.

The Chinese officials will live to regret this decision and I have very strong suspicion that the Russians will be overjoyed at this news. If this is actually going to happen, then the majority of the hash-power will move to Russia.

This is a very wrong decision! All Chinese prohibitions will not lead to anything good ..... China itself must understand that a new era has come, and a new digital revolution has come! Now a lot of countries are opening their doors to the entire crypto market! A very large number of miners began to move to other countries, where a more pleasant environment for the formation and extraction! China begins to lose its position in the development of the crypto industry! Now those countries that refuse to support and develop the technology of Blochkchain will remain behind the 21st century! Such countries will have to catch up with the entire Information New World Economy for a very long time! Already today, China no longer occupies a leading position in the crypt world! Sharp prohibitions can only harm those who enter these prohibitions! Already many countries have open doors for the crypto market, and all the miners have rushed there! Such a move can not very much affect the entire crypto system! In China, a lot of interesting projects with interesting products, they will have to move to other places! For example, today India has appointed a meeting and a meeting on September 11! At this meeting they will discuss the removal of restrictions in the creep market! This is the right step, India understands all the consequences of debt bans! Especially India is one of many countries where there are a lot of good projects! India does not want to lose such projects from its economy!

Bt why are they clamping down on bitcoin

This is not true news that many of my friends in China are mining in the western part of the country and some are planning to invest more.

Yes, it can be detrimental to many people. But national energy is also a very interesting thing, they choose so completely accurate. Mining is very energy consuming ...

Economicaly China is among top of the world. They plans to close bitcoin as it is not well secure, and internationally do not have much value. International trade is mainly in euro and dollars. All the prices of oil and other products are in flat currency.

I think the effect of this bitcoin mining boycott in China will likewise cut the exchange time, making expanded charges be paid to exchange bitcoin. This could adversely influence the esteem, as it would make digital currency less down to earth as an other option to the typical cash.

I do not understand China's policy at all! why do they constantly introduce some kind of prohibitions? !!! They must understand that the biktoin and the whole system is the future! Crypto currency has given life to so many projects! And I also gave a very powerful jolt of world information technology!

I mean it's good for them, and I'm sure lots of Chinese business people and such have made themselves rich from this. But the rest of the world is the one that got stuck with Chinese monopolies on producing mining ASICs and a semi-monopoly on mining itself. I don't think that was very good for decentralization at all.

I think this is fake news and China will not close anything. China is a developing country and they understand that if you ban the mining of bitcoin, it will not benefit anyone.

This does not mean mining activity will reduced. Mining can operate in other part of the world, it doesn't necessarily be in China. The one that will hamper the growth is actually trading ban or OTC ban

It was been planned and announced few more months ago but still there is a large pool in china when it comes to crypto mining. and some are putting it or operate on a very rural or undisclosed location.. Well it should have a negative infact on most of blockchain not only in Bitcoin if that totally happen. because almost 30 to 50% of pools came from china.