What's going on ? | Bitcointalksearch.org

XUR_TIP

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Quote from: swogerino on September 29, 2021, 06:21:01 AM

Quote from: FloridaKid on September 29, 2021, 05:10:14 AM

Ok today I read news that sparkpool is shutting down and also beepool will follow suit too, I don't know about you guys but this gets me a bit nervous because these are one of the best mining pools available today, is future of crypto mining still intact or this is just a new journey of grand manipulation?

Future of crypto mining is absolutely intact as there are dozens of other pools which you can work with.Not all countries are stupid and dictatorships like China is.There are US and Germany two of the strongest economies of the world that let you mine whatever coin you like as many pools like Ethermine one of the best one has servers there.There are a lot of pools to list them all,bottom line is no one gives a damn anymore about what China does and since the price of Bitcoin resisted and didn't crash a lot this time,this is another good sign we are on the right way to reach that 100.000 dollars for a Bitcoin.

China isn't stupid dictatorship? Well yes but still I believe China is one of the smartest country ever, I believe they did this on purpose which will be revealed later on, my guess is CBDC they want to get crypto out of the way first and see how things will go with their digital currency, it's why I said the ban will be lifted later

batsonxl

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Quote from: FP91G on October 01, 2021, 08:51:37 AM

Sparkpool closed yesterday and Ethereum hashrate has not decreased.
Sparkpool hash rate is now 0 megahash.
https://miningpoolstats.stream/ethereum
Can Chinese miners mine bypassing the Chinese firewall or is it illegal for them?
If this is possible, then I think that small miners will continue mining.

I think all chinease miners moved away, remember we had really good hasrate drop after may crash on that time they moved i guess. ETH paying less than may but hasrate is still going up.

Synerggy

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I only recognise beepool and few others to be from China majority of them aren't in China as we speak and there are tons of pools out there, this isn't a bad news as you think OP, just move to other pools that aren't base in China and you will be fine, I'm few months later china will end up lifting the ban this isn't something new

FP91G

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Sparkpool closed yesterday and Ethereum hashrate has not decreased.
Sparkpool hash rate is now 0 megahash.
https://miningpoolstats.stream/ethereum
Can Chinese miners mine bypassing the Chinese firewall or is it illegal for them?
If this is possible, then I think that small miners will continue mining.

batsonxl

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Activity: 1201

Merit: 26

Quote from: Gorosden on October 01, 2021, 03:13:14 AM

Quote from: batsonxl on September 30, 2021, 01:13:53 PM

Why lately i remember Trump saying : China China China China China China Grin

We dont know what Chinas plans, they always did something in most critical bitcoin price they doing again when it is time for bitcoin rise.

Lol, since 2016 that I've been into crypto china have the highest ban on crypto so far but mind you this time around seem more serious than the past bans but still yet I find it hard to believe that this isn't another market manipulation anyways, by the way Iran have lifted crypto mining ban two days ago hahaha

I dont know man but this makes me think somebody making good profits on this. Every time China says something crypto goes down then fear silence bamm and up again.think buying BTC at 41k and sell at 45k. 1billion yuan turned into = 1.1billion in couple days.

Gorosden

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Quote from: batsonxl on September 30, 2021, 01:13:53 PM

Why lately i remember Trump saying : China China China China China China Grin

We dont know what Chinas plans, they always did something in most critical bitcoin price they doing again when it is time for bitcoin rise.

Lol, since 2016 that I've been into crypto china have the highest ban on crypto so far but mind you this time around seem more serious than the past bans but still yet I find it hard to believe that this isn't another market manipulation anyways, by the way Iran have lifted crypto mining ban two days ago hahaha

batsonxl

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Activity: 1201

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Why lately i remember Trump saying : China China China China China China Grin

We dont know what Chinas plans, they always did something in most critical bitcoin price they doing again when it is time for bitcoin rise.

HashingTower

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$CYBERCASH METAVERSE

Before getting more nervous I suggest you do research on mining pools available, this will automatically erase all your nervous from your body 😂 it's easier to run a pool than to run a new crypto project mate, only pools from China will be affected and 100s of them aren't even from China

adaseb

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This is nothing new. Been going around for months. Didn’t you notice when the difficulty all of a sudden decreased for ETH and BTC a few months back? It was due to China ban. And now it’s months later and nothing really happened.

Just made it difficult to mine in China and that is all. Most of the equipment was shipped elsewhere and the difficulty came back up. So with mining pools shutting down don’t be surprised. The entire world is not China. There are many other countries that don’t set these restrictions and most people don’t worry. Just use another pool and you will be fine.

FP91G

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Quote from: FloridaKid on September 29, 2021, 05:10:14 AM

Ok today I read news that sparkpool is shutting down and also beepool will follow suit too, I don't know about you guys but this gets me a bit nervous because these are one of the best mining pools available today, is future of crypto mining still intact or this is just a new journey of grand manipulation?

In Russia they say this:"Don't care, let's continue mining"
If several Chinese pools stop mining, then nothing terrible will happen, because more than 50% of miners are no longer in China.
If the hashrate of mining in China decreases, then the rest of the miners will receive more profit.

swogerino

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Quote from: FloridaKid on September 29, 2021, 05:10:14 AM

Ok today I read news that sparkpool is shutting down and also beepool will follow suit too, I don't know about you guys but this gets me a bit nervous because these are one of the best mining pools available today, is future of crypto mining still intact or this is just a new journey of grand manipulation?

Future of crypto mining is absolutely intact as there are dozens of other pools which you can work with.Not all countries are stupid and dictatorships like China is.There are US and Germany two of the strongest economies of the world that let you mine whatever coin you like as many pools like Ethermine one of the best one has servers there.There are a lot of pools to list them all,bottom line is no one gives a damn anymore about what China does and since the price of Bitcoin resisted and didn't crash a lot this time,this is another good sign we are on the right way to reach that 100.000 dollars for a Bitcoin.

sxemini

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Quote from: FloridaKid on September 29, 2021, 05:10:14 AM

Ok today I read news that sparkpool is shutting down and also beepool will follow suit too, I don't know about you guys but this gets me a bit nervous because these are one of the best mining pools available today, is future of crypto mining still intact or this is just a new journey of grand manipulation?

You get nervous while 2 chinese pools shutdown after the chinese banning crypto? It is better for you to plant some flowers or go fishing if this make you nervous Roll Eyes

What do you think? There are thousands of other pools and crypto currencies that you can mine. The hashrate of this 2 pools goes to other pools.

FloridaKid

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Ok today I read news that sparkpool is shutting down and also beepool will follow suit too, I don't know about you guys but this gets me a bit nervous because these are one of the best mining pools available today, is future of crypto mining still intact or this is just a new journey of grand manipulation?

Topic: What's going on ? (Read 221 times)