There was a news two days ago that China’s Qinghai Province issued a document to stop virtual currency mining operations, now they are not major mining zone but it could still affect Sichuan and Yunnan provinces that have no clear rules and regulations yet.
Like I said before, there should be redistribution of Bitcoin mining to other countries, better sooner than later and South America looks very interesting now.
Bitmain is already working on this and they had a meeting for mining industry moving abroad, and exporting to North America and Kazakhstan.
https://twitter.com/btcinchina/status/1402629163387744256
Like I said before, there should be redistribution of Bitcoin mining to other countries, better sooner than later and South America looks very interesting now.
Bitmain is already working on this and they had a meeting for mining industry moving abroad, and exporting to North America and Kazakhstan.
https://twitter.com/btcinchina/status/1402629163387744256
Quote
According to the @btccom_official, the interval between two Bitcoin blocks recently was as long as 2 hours, the delay may be related to the recent two days of the major mining pool computing power dropped significantly.
https://twitter.com/btcinchina/status/1403271861589348357This is exactly what it is, some of the biggest operations are moving their businesses elsewhere. Dumb move by Chinese officials imo, they’re going to regret this.
