What is going to happen Biden orders remove of Chinese-owned crypto Miner? - page 2.

Felicity_Tide

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Quote from: target on May 14, 2024, 12:11:46 PM

Quote from: Die_empty on May 14, 2024, 11:57:21 AM

Quote from: Ojinga on May 14, 2024, 11:09:16 AM

But what the president is doing i don't think, is going to end well with Chinese this is going to affect their business over there and more people. Even if they move out crypto at missile base it'll surely not change anything cause the Chinese crypto are really helping out there. I don't know what's your opinion towards this? Or maybe the Chinese are trespassing?

The mining facility is close to a US Air Force Base that houses intercontinental ballistic missiles. No country will want a political and military enemy to be close to such a sensitive facility. The location of this Chinese crypto-mining firm is a security threat to the US because they can easily collect sensitive information or even carry out an attack. My reservation is that didn't the land authority know that MineOne was a Chinese mining firm before the land was allocated to them. Now they are putting pressure on the crypto firm to relocate within 120 days.

Sounds like a national security issue.

But because they just want to relocate the mining farm, they may still be in the US. The first reason why they came to the US was because there was a crackdown in China during that time. Now that China seems to loosen its belt and even approve the ETFs in Hong Kong, I think the miners will likely be going back to China.

If they are currently in the US, that means they are operating under the regulations of the US but not China. If their next relocation site happens to be in China, then there might be a change in regulations which might be far lesser than that of the US.

Though the relocation process would cost alot, as they might have to cease operation for a period of time. But I think operating under a better regulatory agency should be the way forward.

arwin100

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Quote from: Ojinga on May 14, 2024, 11:09:16 AM

United States President Joe Biden has signed an order preventing a China-linked crypto mining firm, to see more of this News you can click in the link below 👇👇👇

https://cointelegraph.com/news/biden-orders-removal-chinese-owned-crypto-miner-near-missile-base

But what the president is doing i don't think, is going to end well with Chinese this is going to affect their business over there and more people. Even if they move out crypto at missile base it'll surely not change anything cause the Chinese crypto are really helping out there. I don't know what's your opinion towards this? Or maybe the Chinese are trespassing?

I don't see its attack of crypto currency miners but maybe they see it as national threat since they always think that they have bad blood with chinese government and US government just avoiding the possibilities that there are spying activities happening hiding in that industry. Remember what US government actions made on Huawei? They are been accused as a security risk of their country that's why expect some actions made if they see any Chinese related activities happening in their country. Maybe US is just avoiding some consequences that Chinese government to find weakness on their national security. But Hopefully it cannot also affect the whole crypto industry since its unfortunate if they totally erase all crypto mining activities and disallow them to operate in their country.

Dave1

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Quote from: Ojinga on May 14, 2024, 11:09:16 AM

United States President Joe Biden has signed an order preventing a China-linked crypto mining firm, to see more of this News you can click in the link below 👇👇👇

https://cointelegraph.com/news/biden-orders-removal-chinese-owned-crypto-miner-near-missile-base

But what the president is doing i don't think, is going to end well with Chinese this is going to affect their business over there and more people. Even if they move out crypto at missile base it'll surely not change anything cause the Chinese crypto are really helping out there. I don't know what's your opinion towards this? Or maybe the Chinese are trespassing?

Not sure how big that crypto mining farm that's about to be closed, but it seems that it is big as it raised a millions of money. Nevertheless, there are still a lot of miner farms across the globe that can cover so the effect might not be felt and there could be no impact to the price itself.

Really hard to comment on the repercussions or what is the motive by the Biden administration but it's obvious it is political. And this is not the first case though, there are many countries now specially in the South east Asia that there are suspicions that China is trying to insert someone in the government and thought to be sleeper agent. So I wouldn't blame US government for doing this.

peter0425

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Quote from: Dunamisx on May 14, 2024, 12:12:40 PM

Die empty has already hit the nail on the head, this is not a direct attack on cryptocurrency for now, but they are considering the risk at stake in having a Chinese based crypto mining facility near their own sensitive military coverage,

The USA and China has never seen each other eye to eye. They are both known as very powerful nations who are on the opposite sides.

I am pretty sure even if it wasn’t crypto-related, the US government could still have been more cautious and suspicious of their position. This whole ordeal might not help cryptocurrencies grow as cryptocurrency might serve as a reason or cause for US’s suspicions specifically on China.

Outhue

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Since when has Bitcoin mining turned into some kind of pistachio disguise thing?

If so then ......

We should be able to set up some invincible atomic bomb with Bitcoin hash rates then, or maybe even steal data from the NSA.

This is getting interesting, I have known about Bitcoin mining since 2010 and I believe that some early miners in the United States have been into Bitcoin mining since 2010, why haven't any attacks taken place then?

If Biden was the president in the days of the 911 terrorist attack maybe he would blame it on Bitcoin mining. Hahaha, this man is a complete joke.

I think Trump is right, Biden has no idea what Bitcoin is.

FinneysTrueVision

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There is a lot of hysteria in the US about China. Biden’s chances of re-election are slipping away so he is desperately trying to appear like he is tough on China. Everything the US accuses countries like China, Russia and Iran of doing, the US and its allies are doing the same thing and probably on a greater scale.

Banning Chinese apps, imposing tariffs, blocking chip sales, and all these other hostile actions towards China don’t have all that much to do with national security. China’s technological capabilities and influence around the world are growing, which the US sees as a threat to its dominance so they will try to sabotage China in any way possible, even at the expense of American companies losing revenue and local economies being impacted by the loss of investment by Chinese businesses.

pooya87

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Over the past decades whenever the US regime wants to crack down on something in the name of "democracy" (read disguised dictatorship) they first tie it with National Security. Like they invade your privacy and NSA mines your data every second of every day and call it "National Security".

99% of the times it has nothing to do with National Security either Cheesy

If they were worried about the missile base they should have been worried about it when the Chinese balloon flew all over United States and accumulated all the classified information it needed and they didn't even realize it half way through the operation and couldn't shoot it down until its operation was done and was exiting US air space Grin

The real question is whether the crack down on Bitcoin related stuff is going to continue?...

hugeblack

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Quote from: Ojinga on May 14, 2024, 11:09:16 AM

United States President Joe Biden has signed an order preventing a China-linked crypto mining firm, to see more of this News you can click in the link below

Stop spreading propaganda, the news says

Quote

United States President Joe Biden has signed an order preventing a China-linked crypto mining firm from continuing to use land near a Wyoming nuclear missile base.

It is related to national security and does not specifically target mining farms, and the same will apply to all investments, so whether you think the decision is right or not, it is not related to cryptocurrencies.

Maus0728

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Quote from: Die_empty on May 14, 2024, 11:57:21 AM

The mining facility is close to a US Air Force Base that houses intercontinental ballistic missiles. No country will want a political and military enemy to be close to such a sensitive facility. The location of this Chinese crypto-mining firm is a security threat to the US because they can easily collect sensitive information or even carry out an attack. My reservation is that didn't the land authority know that MineOne was a Chinese mining firm before the land was allocated to them. Now they are putting pressure on the crypto firm to relocate within 120 days.

Exactly what I was thinking, if there's a possibility that someone might be able to remotely access your nuclear cache and your airbase because they're near that base, there's some level of reasonability as to why this thing should happen. The weather balloon that was actually a spying device should probably be enough answer to this one, China's been upping their espionage game lately so I'm not really sure that we should be too lenient when it comes to this kind of things, better safe than sorry especially with ICBMs caches at stake, I'd rather be paranoid and awesome that everyone's trying to spy on me than be relaxed and then know later that there's someone rogue that's also in control of those world ending weapons.

Darker45

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In what way does the Chinese company help out there?

They aren't necessarily trespassing because they legally acquired that property, but the state can of course invoke national security as a valid reason to demand that they leave the place.

Whether this ends well with the Chinese or not isn't the point. The point is that this is a Chinese-owned private company in a highly strategic location as far as national security of the entire country is concerned. I'm not necessarily a fan of Biden but a sitting president can't compromise national security.

Ojinga

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Quote from: target on May 14, 2024, 12:11:46 PM

Quote from: Die_empty on May 14, 2024, 11:57:21 AM

Quote from: Ojinga on May 14, 2024, 11:09:16 AM

But what the president is doing i don't think, is going to end well with Chinese this is going to affect their business over there and more people. Even if they move out crypto at missile base it'll surely not change anything cause the Chinese crypto are really helping out there. I don't know what's your opinion towards this? Or maybe the Chinese are trespassing?

The mining facility is close to a US Air Force Base that houses intercontinental ballistic missiles. No country will want a political and military enemy to be close to such a sensitive facility. The location of this Chinese crypto-mining firm is a security threat to the US because they can easily collect sensitive information or even carry out an attack. My reservation is that didn't the land authority know that MineOne was a Chinese mining firm before the land was allocated to them. Now they are putting pressure on the crypto firm to relocate within 120 days.

Sounds like a national security issue.

But because they just want to relocate the mining farm, they may still be in the US. The first reason why they came to the US was because there was a crackdown in China during that time. Now that China seems to loosen its belt and even approve the ETFs in Hong Kong, I think the miners will likely be going back to China.

president Biden have ordered them to move out they didn't decide to relocate, the president notices that Chinese are now feeling comfortable and it's getting at of hand. But I don't think it's going to affect crypto currency it's only the mining facility but I'm feeling for Chinese about it, I know what the US government is not bad it's for their own security system and safety reasons. They are considering the risk at stake having Chinese based mining crypto facility near their military Base.

Ojima-ojo

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Quote from: Dunamisx on May 14, 2024, 12:12:40 PM

Quote from: Ojinga on May 14, 2024, 11:09:16 AM

United States President Joe Biden has signed an order preventing a China-linked crypto mining firm

Die empty has already hit the nail on the head, this is not a direct attack on cryptocurrency for now, but they are considering the risk at stake in having a Chinese based crypto mining facility near their own sensitive military coverage, this should be seen as a request and not a threat or attack for evacuation, though the whole idea should have been seen that crypto mining mean nothing to harm their activities over there, but for privacy sake, things like this should be taken action upon because its an area that have already accommodated two countries in which shouldn't because of the US government sensitivity to their security covers in that zone.

To a far extent, the US government are right in they decision to move the mining farm away from a military base, this is not debatable at all since it matters of security intelligence.

Having a military based and a bitcoin mining farm in the same location will lead to a more severe security challenge in the future, so it better to prevent that from happening as soon as possible, this is not about the United States government and Chinese government.

Faisal2202

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Quote from: Ojinga on May 14, 2024, 11:09:16 AM

But what the president is doing i don't think, is going to end well with Chinese this is going to affect their business over there and more people. Even if they move out crypto at missile base it'll surely not change anything cause the Chinese crypto are really helping out there. I don't know what's your opinion towards this? Or maybe the Chinese are trespassing?

Hmm, Microsoft raises concerns about this mining platform belonging to China, well I think Microsoft is really doing great with public data. I think the main concern here is the site belongs to China, I don't think if it would have belonged to anyone else like some local then they would have taken this step. No offense but just a thought, although if that site is gaining some kind of information about the base and the authority is raising national security concerns.

Then no one can stop them from make Chinese to leave the place. I think they should comply, but government should give them another spot for mining, so they could continue there business. Giving them 120 days is a lesser time in my opinion. My words might not be liked by US citizens, but I only meant to say they should give them some relaxation too if they just suspect them, as if the MineOne is really sharing some kind of information then they should take action on the basis of proof otherwise such actions are so obvious.

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Quote from: target on May 14, 2024, 12:11:46 PM

Sounds like a national security issue.

But because they just want to relocate the mining farm, they may still be in the US. The first reason why they came to the US was because there was a crackdown in China during that time. Now that China seems to loosen its belt and even approve the ETFs in Hong Kong, I think the miners will likely be going back to China.

And now that with the timing that US is strongly against to what China is doing from its neighbor countries, this is really gonna take that hot issue to the next level.

But if the mining firm is allowed to relocate elsewhere so that they won't be a security threat to the government then, that's what the government just want them to do.

It's not about cracking them for the second time around but also needs to consider the situation of the military and their operation's location.

Dunamisx

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Quote from: Ojinga on May 14, 2024, 11:09:16 AM

United States President Joe Biden has signed an order preventing a China-linked crypto mining firm

Die empty has already hit the nail on the head, this is not a direct attack on cryptocurrency for now, but they are considering the risk at stake in having a Chinese based crypto mining facility near their own sensitive military coverage, this should be seen as a request and not a threat or attack for evacuation, though the whole idea should have been seen that crypto mining mean nothing to harm their activities over there, but for privacy sake, things like this should be taken action upon because its an area that have already accommodated two countries in which shouldn't because of the US government sensitivity to their security covers in that zone.

target

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Quote from: Die_empty on May 14, 2024, 11:57:21 AM

Quote from: Ojinga on May 14, 2024, 11:09:16 AM

But what the president is doing i don't think, is going to end well with Chinese this is going to affect their business over there and more people. Even if they move out crypto at missile base it'll surely not change anything cause the Chinese crypto are really helping out there. I don't know what's your opinion towards this? Or maybe the Chinese are trespassing?

The mining facility is close to a US Air Force Base that houses intercontinental ballistic missiles. No country will want a political and military enemy to be close to such a sensitive facility. The location of this Chinese crypto-mining firm is a security threat to the US because they can easily collect sensitive information or even carry out an attack. My reservation is that didn't the land authority know that MineOne was a Chinese mining firm before the land was allocated to them. Now they are putting pressure on the crypto firm to relocate within 120 days.

Sounds like a national security issue.

But because they just want to relocate the mining farm, they may still be in the US. The first reason why they came to the US was because there was a crackdown in China during that time. Now that China seems to loosen its belt and even approve the ETFs in Hong Kong, I think the miners will likely be going back to China.

Die_empty

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Quote from: Ojinga on May 14, 2024, 11:09:16 AM

But what the president is doing i don't think, is going to end well with Chinese this is going to affect their business over there and more people. Even if they move out crypto at missile base it'll surely not change anything cause the Chinese crypto are really helping out there. I don't know what's your opinion towards this? Or maybe the Chinese are trespassing?

The mining facility is close to a US Air Force Base that houses intercontinental ballistic missiles. No country will want a political and military enemy to be close to such a sensitive facility. The location of this Chinese crypto-mining firm is a security threat to the US because they can easily collect sensitive information or even carry out an attack. My reservation is that didn't the land authority know that MineOne was a Chinese mining firm before the land was allocated to them. Now they are putting pressure on the crypto firm to relocate within 120 days.

Ojinga

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United States President Joe Biden has signed an order preventing a China-linked crypto mining firm, to see more of this News you can click in the link below 👇👇👇

https://cointelegraph.com/news/biden-orders-removal-chinese-owned-crypto-miner-near-missile-base

But what the president is doing i don't think, is going to end well with Chinese this is going to affect their business over there and more people. Even if they move out crypto at missile base it'll surely not change anything cause the Chinese crypto are really helping out there. I don't know what's your opinion towards this? Or maybe the Chinese are trespassing?

Topic: What is going to happen Biden orders remove of Chinese-owned crypto Miner? - page 2. (Read 366 times)