Topic: Urgent news: China is shutting down cryptomining - page 2. (Read 185 times)
shutting down cryptomining in China is not new anymore. It barely affects the crypto community today.
The reason they are shutting down miners is that they are using too much electricity and in some parts of china electricity is free.
China is not shutting down cryptocurrency mining completely, just the errant mining companies.
https://www.cryptoinfomag.com/2018/01/04/china-btc-mining-shakedown/
https://www.cryptoinfomag.com/2018/01/04/china-btc-mining-shakedown/
This news came out a couple of days ago. But this almost did not affect the price of Ethereum and bitcoin. All expected that the cost will decrease, as in China there are a lot of miners. However, this did not happen. And the currencies are quite stable. Perhaps this will affect the market a little later. But the Chinese projects are developing rapidly and the government can not do anything about it.
Ughm ... wasn't the mining and the whole cryptocurrency been already banned in China? Slowpoked? 
Oh this wont be pretty for Bitcoin and Ethereum. Chinese miners and mining pools make up for a big portion of the network. Regulation have now begun.
https://mobile.twitter.com/cnLedger/status/949468263800479744
RIP Bitcoin
https://mobile.twitter.com/cnLedger/status/949468263800479744
RIP Bitcoin
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