Topic: Will Bitcoin Mining Farm in China be Closed? - page 3. (Read 1231 times)
there's no need to panic when one door closes, another doors open, this is the real case scenario when there is crisis there is a lot of opportunities to offer, if ever China shutting down its bitcoin mining farm and its bitcoin exchanges, there are other countries that are viable for mining farm like Russia and Iceland where electricity cost was very low and same goes to bitcoin exchanges. Japan, Korea, and other countries can take over the operation. As long as there is market adaptability, the show must go on.
Pictures of “Technical Preplan on Blocking Bitcoin overseas Transaction” were circulated in Wechat group and later posted on weibo around 18pm 16 September.
The document describes the preplan of blocking bitcoin exchanges and Bitcoin blockchain data-syncing, along with a list of overseas exchanges.
The news caused panic sell, a daily low of 16,661 was observed on OKCoin around that time. Chinese Bitcoin community is vulnerable after the “exchange ban”.
Could things get worse like shutting down mining pool in China?
Although the screenshots or pictures cannot be verified without a reliable source, a report on Sina confirmed the authenticity, citing support from “insiders”.
What do you think？
The document describes the preplan of blocking bitcoin exchanges and Bitcoin blockchain data-syncing, along with a list of overseas exchanges.
The news caused panic sell, a daily low of 16,661 was observed on OKCoin around that time. Chinese Bitcoin community is vulnerable after the “exchange ban”.
Could things get worse like shutting down mining pool in China?
Although the screenshots or pictures cannot be verified without a reliable source, a report on Sina confirmed the authenticity, citing support from “insiders”.
What do you think？
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