I think that it`s impossible for government of one single country even as strong and influental as China to take over the mining of BTC. The process has been launched and it can`t be stopped.
I even do not think that they will like to take over mining, because their people are getting a good profit from it which is increase and making their economy more better, therefore i think that they will let their people to continue mining. because mining is one time investment and after that it will can give you a good profit. 
Topic: Could the Chinese Govt take over the mining of BTC? - page 2. (Read 477 times)
This news is slowly coming out but over half the Bitcoin miners are Chinese entities!
What would happen if the Chinese Govt took the mining over from the entities: It is a scary possibility and i was made aware of it on a you tube channel that has 200,000 subscribers!
What would happen if the Chinese Govt took the mining over from the entities: It is a scary possibility and i was made aware of it on a you tube channel that has 200,000 subscribers!
This is not a news for at least a few years already. In other words, you are late to the party, mate. And if you think that the Chinese authorities don't already have control over the biggest miners, you simply don't know how such matters stand in this country. They don't need to take over the miners as they are already controlling them as much as they want. I wouldn't be surprised to find out one day that some high-ranking Communist party members are actually standing behind many of the biggest miners in China.
I think that it`s impossible for government of one single country even as strong and influental as China to take over the mining of BTC. The process has been launched and it can`t be stopped.
This news is slowly coming out but over half the Bitcoin miners are Chinese entities!
What would happen if the Chinese Govt took the mining over from the entities: It is a scary possibility and i was made aware of it on a you tube channel that has 200,000 subscribers!
What would happen if the Chinese Govt took the mining over from the entities: It is a scary possibility and i was made aware of it on a you tube channel that has 200,000 subscribers!
Well, for sure it's price will fall specially knowing China's population right now. And Bitcoin will loose it's significance if it is being controlled or govern by any Nation. Bitcoin should always remain discreet and away from taxes.
Chinese entrepreneurs recognized that hydropower necessary to keep processing plants in operation was cheap, as was local labor.
This news is slowly coming out but over half the Bitcoin miners are Chinese entities!
What would happen if the Chinese Govt took the mining over from the entities: It is a scary possibility and i was made aware of it on a you tube channel that has 200,000 subscribers!
They would be able to control it and maybe set bitcoin as a world currency after USD is dethroned? Actually, it wouldn't be that bad, would it? Isn't it something we hodlers are all waiting for, that Bitcoin becomes world currency? What would happen if the Chinese Govt took the mining over from the entities: It is a scary possibility and i was made aware of it on a you tube channel that has 200,000 subscribers!
China can quite strongly affect bitcoin, we have already seen this earlier this year. The question is, do they need the disappearance of bitcoin? Especially now there are already countries that are loyal to the cryptocurrencies.
I am very surprised that no government has had the foresight to invest heavily into mining but I think the moment that happens it will more than likely devalue any currency that it openly mines.
What would happen if the Chinese Govt took the mining over from the entities
Who you think that could own the mining farms in China? Private investors?
I'm sure that all of them are owned directly or indirectly by the government members or their friends.
You cannot do that without political backup. Not at that scale. Also just think, many are made near dams for cheap or free power. How else would that be possible?
So what will happen? Nothing!
Because they know that if they do any wrong movement (51% attack for example) they actually hurt their own investment.
there is no doubt that China is a country with the largest bitcoin mining in the world because it has access to cheaper sources of electrical energy. but not only China has the largest bitcoin miners, Georgia and America are also the countries that control the bitcoin market of the world and both countries have large companies that have bitcoin mining. I think it's impossible if the Chinese government can take over bitcoin mining because some time ago china was able to provide a ban on cryptocurrency
I don't think so. Many mines in China are built in remote areas, which consume only a very small part of the power resources.
the government can not regulate this mining, many small miners are also participating in it, it is not so easy that the Chinese government can regulate the rules related to mining conducted. this is the right of many citizens to participate in this mining.
I don't think so. Many mines in China are built in remote areas, which consume only a very small part of the power resources.
Chines government wont ever take over mining of bitcoins. China as a whole is banned from using crytpocurrency ,hence how will such a government contradict itself and turn around to take over mining of bitcoins.
They banned bitcoin yet they did but they were I think changing their mind to it, but it is fine although they will change their mind they cannot take over or control the price of bitcoin or the mining of it, as they want to build their own brand, they are so greedy much of this.
Chines government wont ever take over mining of bitcoins. China as a whole is banned from using crytpocurrency ,hence how will such a government contradict itself and turn around to take over mining of bitcoins.
I don't think so. Many mines in China are built in remote areas, which consume only a very small part of the power resources.
This news is slowly coming out but over half the Bitcoin miners are Chinese entities!
What would happen if the Chinese Govt took the mining over from the entities: It is a scary possibility and i was made aware of it on a you tube channel that has 200,000 subscribers!
What would happen if the Chinese Govt took the mining over from the entities: It is a scary possibility and i was made aware of it on a you tube channel that has 200,000 subscribers!
What would be the point?
You have to first think of that, what would be the point for the government to take over btc?
It's not like Chinese market is worried in any way about btc... Or like the cryptos are frightening the Chinese government. They have such a tight control on their internet that they already can slow down the expense of btc in their country if they really care about it xD
the point is spreading FUD. the question is whether OP is trying to do it or if he is a victim of some dumbass on the internet who is spreading a 3 year old FUD as a new one.
honestly China is so 2015-16 now. nobody cares about them anymore the day their volume bubble broke and everyone saw how fake everything was over there.
This is possible, because in the field of bitcoin mining, it is said that China has occupied more than 70% of the computing power.
This news is slowly coming out but over half the Bitcoin miners are Chinese entities!
What would happen if the Chinese Govt took the mining over from the entities: It is a scary possibility and i was made aware of it on a you tube channel that has 200,000 subscribers!
whsre did they get this informations sometimes im just thinking is there any real informafions heee in bitcoin talk but ues maybe its jut contradicting in my mind What would happen if the Chinese Govt took the mining over from the entities: It is a scary possibility and i was made aware of it on a you tube channel that has 200,000 subscribers!
This news is slowly coming out but over half the Bitcoin miners are Chinese entities!
What would happen if the Chinese Govt took the mining over from the entities: It is a scary possibility and i was made aware of it on a you tube channel that has 200,000 subscribers!
What would happen if the Chinese Govt took the mining over from the entities: It is a scary possibility and i was made aware of it on a you tube channel that has 200,000 subscribers!
What would be the point?
You have to first think of that, what would be the point for the government to take over btc?
It's not like Chinese market is worried in any way about btc... Or like the cryptos are frightening the Chinese government. They have such a tight control on their internet that they already can slow down the expense of btc in their country if they really care about it xD
This news is slowly coming out but over half the Bitcoin miners are Chinese entities!
What would happen if the Chinese Govt took the mining over from the entities: It is a scary possibility and i was made aware of it on a you tube channel that has 200,000 subscribers!
What would happen if the Chinese Govt took the mining over from the entities: It is a scary possibility and i was made aware of it on a you tube channel that has 200,000 subscribers!
I don't think the government is involved in mining. I has been known since long time that chinese miners are the whales, but nothing to do with gov in my opinion
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