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Topic: this dude is out of business - page 2. (Read 3756 times)

hero member
Activity: 826
Merit: 1000
'All that glitters is not gold'
December 19, 2013, 11:04:10 AM
#12
they have not "banned" bitcoin, you are spreading FUD

Bitcoin remains legal to use in China, and the People Central Bank Of China is standing by an announcement that individuals are free to trade it at their own risk. But without banned 3rd party payment providers, new purchases of the currency are virtually impossible.
I was just wondering what the owner of this giant mining installation will do in to the future in these conditions.


hero member
Activity: 854
Merit: 500
einc.io
December 19, 2013, 11:01:21 AM
#11
After China banned the Bitcoin, this miner can find his huge coin-sucker useless:

http://www.theverge.com/2013/12/2/5165428/bitcoin-mine-in-hong-kong-uses-jelly-to-keep-cool

Do you fell any sorrow for him ?

Do you even know how bitcoin works?
hero member
Activity: 1246
Merit: 501
December 19, 2013, 06:30:55 AM
#10

And like it or not, Hong Kong is part of China, so I expect that the Chinese ban of Bitcoin to be applied here too.

Hong Kong is still more British than it is Chinese.  But, hey, don't let facts get in the way of a forum thread.
legendary
Activity: 1036
Merit: 1000
Nighty Night Don't Let The Trolls Bite Nom Nom Nom
December 19, 2013, 05:36:36 AM
#9
After China banned the Bitcoin, this miner can find his huge coin-sucker useless:

http://www.theverge.com/2013/12/2/5165428/bitcoin-mine-in-hong-kong-uses-jelly-to-keep-cool

Do you fell any sorrow for him ?


He is not a miner, he is a journalist and it is not his mining farm.

the china rulings will not effect HK based businesses

I know he is a journalist  Cheesy
I asked about the owner of that mining installation. I have serious doubts that a common person can invest so much money or have so much technical expertise !
And like it or not, Hong Kong is part of China, so I expect that the Chinese ban of Bitcoin to be applied here too.

Quote
The constitutional framework for the legal system is provided by the Hong Kong Basic Law. Under the principle of ‘one country, two systems’, the legal framework of Hong Kong is based on the English common law, supplemented by local legislation. The statute law is collected in a compilation called the Laws of Hong Kong. As a Special Administrative Region of the People's Republic of China, the Hong Kong legal system is significantly different from that of the People's Republic of China (PRC).
legendary
Activity: 3220
Merit: 4398
diamond-handed zealot
December 19, 2013, 05:35:31 AM
#8
they have not "banned" bitcoin, you are spreading FUD
hero member
Activity: 826
Merit: 1000
'All that glitters is not gold'
December 19, 2013, 05:33:08 AM
#7
After China banned the Bitcoin, this miner can find his huge coin-sucker useless:

http://www.theverge.com/2013/12/2/5165428/bitcoin-mine-in-hong-kong-uses-jelly-to-keep-cool

Do you fell any sorrow for him ?


He is not a miner, he is a journalist and it is not his mining farm.

the china rulings will not effect HK based businesses

I know he is a journalist  Cheesy
I asked about the owner of that mining installation. I have serious doubts that a common person can invest so much money or have so much technical expertise !
And like it or not, Hong Kong is part of China, so I expect that the Chinese ban of Bitcoin to be applied here too.
legendary
Activity: 1036
Merit: 1000
Nighty Night Don't Let The Trolls Bite Nom Nom Nom
December 19, 2013, 05:18:16 AM
#6
After China banned the Bitcoin, this miner can find his huge coin-sucker useless:

http://www.theverge.com/2013/12/2/5165428/bitcoin-mine-in-hong-kong-uses-jelly-to-keep-cool

Do you fell any sorrow for him ?


He is not a miner, he is a journalist and it is not his mining farm.

the china rulings will not effect HK based businesses
legendary
Activity: 3220
Merit: 4398
diamond-handed zealot
December 19, 2013, 05:17:33 AM
#5
OP is fail
sr. member
Activity: 406
Merit: 250
December 19, 2013, 05:15:46 AM
#4
After China banned the Bitcoin, this miner can find his huge coin-sucker useless:

http://www.theverge.com/2013/12/2/5165428/bitcoin-mine-in-hong-kong-uses-jelly-to-keep-cool

Do you fell any sorrow for him ?

Hong Kong isn't really China. They have autonomous government, elections and laws. Bitcoin hasn't been banned in HK.

And by the way, it's ASICMINER's datacenter :-)
hero member
Activity: 896
Merit: 500
December 19, 2013, 03:37:34 AM
#3
That's why hong kong people are cool!

I dont think china will lift the ban.
newbie
Activity: 28
Merit: 0
December 18, 2013, 09:35:16 PM
#2
Let's not forget that the U.S.A. had their moments of Bitcoin rejection.  So do most countries.

The Chinese will be back, more innovative in their investment strategies then before...
hero member
Activity: 826
Merit: 1000
'All that glitters is not gold'
December 18, 2013, 07:52:04 PM
#1
After China banned the Bitcoin, this miner can find his huge coin-sucker useless:

http://www.theverge.com/2013/12/2/5165428/bitcoin-mine-in-hong-kong-uses-jelly-to-keep-cool

Do you fell any sorrow for him ?
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