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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?

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 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.

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.

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.

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.

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.

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.

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.

Stop spreading propaganda, the news says

https://talkimg.com/images/2024/05/15/1TyQG.png

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.

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 :D
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 ;D

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

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.

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.

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.

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.

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.

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.

They'll probably just move or if the US government is right about their suspicion that it's used by the Chinese government to spy on other people, that can only mean that they're going to not have any effect to the bitcoin network because it wasn't built to be a bitcoin mining facility at all, it was a front to spy on the airbase that it's probably targeting, that's probably how it's going to be, I do hope though that it's really is nothing and that it was a suspicion after all and that it was just a bitcoin mining company that was a Chinese and was at the wrong place at the wrong time.

Actions not words or spin.

Biden doesn't give two fucks about national security especially because of his Chinese handlers / money. Fact.

Remember the Chinese balloon that flew all over everything and he didn't do anything? Remember? So he doesn't care, fact.

Biden is destroying the American economy, fact. He hates bitcoin because the government can't control it. Specifically can't create inflation that robs Americans of retirements and investments and exports our debt to other country's.

Biden attacking btc through "climate change" bullshit. Fact. Now Elizabeth Warren is attacking it because Iran is mining it. Now we have a coordinated narrative of Biden now using "national" security.. Bullshit.

Where is he on China buying up farmland and American property in records number? Nowhere, that's what his Chinese handlers want.

Ray Charles can see this.


   

I don't think the Chinese are there to spy on the US. For my understanding before the Chinese got there they were an agreement between the two of them so the crypto Chinese being at the farm base facility their was a settlement conditions. But on the line with the process the US started noticing some things so they've to stop them for security purposes, the mining facility are not targeting anyone all we should just know is that the Chinese company are not their to plan anything for the US government.

Using this much power is not acceptable for a foreign company, doesn't matter if they are willing to even pay taxes for it, it is just not acceptable. Because, they are basically saying that they are willing to pay to get all the energy out of that place, and make mining income, which means it will be profitable, and take all that money back to mainland China. I think Biden would make a good decision by just limiting the way mining can be done, it has to be renewable energy otherwise it doesn't look all that great to me.

As long as we do not force people to do renewable energy for bitcoin mining (or any mining) then we are going to have energy issues, we should definitely force all mining companies to generate their own energy.

Never ever ever invite government into your business, they never do anything good.

So what, if they legally have a company here and they consume the power an pay for it who cares.

If they make a profit, cool, that's how business work. They employ americans and american made power.

Let me educate you on your thinking.

https://www.youtube.com/watch?v=JM1L3Lobdsk

I was surprised as well to see this in bitcoin discussion, this is more of security related matters instead of cryptocurrency however Biden reasons for signing the order was for security reasons because America doesn't joke with anything about security concerns that is why Biden signed the order. So bad some people don't read the real content of a news before they give their opinion. SMH
This topic should be moved to off topics

Based on your comments here, it would appear that you are fine with the Chinese government and the Iranian government being involved in business in the US, just not the American government preventing them from doing so. Interesting....

The Trump administration would have done the same thing, so you should actually be okay with what Biden is doing here.

The short answer is one. Nothing! Nothing is going to happen to Bitcoin and the crypto industry in general.
AFAIK, the US authorities want the crypto mining firm to relocate it's facilities. They aren't shutting down the mining firm, they just want it to change it's location. This is some useless FUD/"fake drama"/clickbait news by Cointelegraph. I don't know whether or not the Chinese are spying on the US military base near them. Maybe they do. In that case, the decision made by the US authorities is completely right.

but they don't know if the Chinese are spying on them yet. What he the US authorities did, it's for their own safety purposes so I won't say they're wrong. It seems they're moving out from the military Base area and locating to a better place, my question is that, are the Chinese crypto mining farm moving out totally from US? Cause if they're moving out totally it's gonna affect the Bitcoin and crypto industry in general. So for now what the US are doing it's for their own safety.

Obviously, this is a fair reason and if China wanted some explanations, then this is enough for them since this is not gonna make them waste their money rather they are just being warned right now not to do anything funny regarding their intelligence. It could be used for monitoring their moves and countering them whenever a war breaks out between these two heavyweight countries the US doesn't want that to happen and neither any country in the world will let such foolish things except their leaders are fools. But the sad thing is, that crypto will be highlighted and used to confuse investors once again.

Isn't that the definition of Economic Liberalism inside a Democracy? Or was it all lies told to the sheeple to lull them into thinking they aren't subjects in a Neo Dictatorship regime? ;)

I guess what Xi and Putin want is for people to be convinced that their dictatorships are the same as our democracies...

that's China's part of being overcapacity. who buys such land now with the kind of real estate market today? the mining farm will be forced to sell the land for the cheapest price. but i'm guessing this is part of their suspicion that there will be a Chinese hacking attack and it may come from that mining farm, remember this is a security concern since it's near the military base.

that mining farm might as well move to Venezuela where there is cheap oil to run the entire company.

Helping what with what?


From what did you draw those conclusions?


Any purchase or change of ownership is areas deemed sensitive by the government is meant to be approved before the transaction happens, the mining company never filed for that approval so they have been ordered to disinvest from that area as they have never legally owned anything there!


Don't bother, he truly thinks Iran is a world superpower and the only true democracy in the world, the level of brainwashing they apply there is out of this world!


If things are so great in Venezuela and China, why does the US have the largest hash rate and Venezuela zero while China even banned it?
Funny how everyone says China is great, the US is bad, but every Chinese company wants to do business in the US, not in SHITS, oh my bad BRICS!

No. You don't want the government in ANY business. It's always comes it disguised as something helpful and eventually mutates into it's intended malicious intent.

Biden does give a rats ass about security, that's a fact. We have a coordinated narrative that Warren is on with "security" and Iran.  It's about the money, they can't manipulate BTC. 

https://talkimg.com/images/2024/05/17/1s0h1.png

 ;D

You don't run a mining farm on oil, you run it on electricity and electricity isn't generated using oil. The electrical grid of Venezuela has had issues in the past so I wouldn't call it the most reliable and that is very important for an investor who wants to start such a business in another country.

As for the "real estate", I can't comment on it. The individual/businessmen who made the decision have to answer that. But that doesn't change the fact that actions against these individuals that have nothing to do with the Chinese government is against Economic Liberalism that US regime lies about having.

There is absolutely no "security concern" here either. That's just bullshit. As I said before, if China wanted to spy, hack or attack anything in US mainland they'll just send another balloon that US military won't even detect like last time instead of using the most obvious origin which is the bitcoin mining farm!!! :D

Did you actually just quote Ronald Reagan in aid of surrendering our country to China and Iran? Have you no shame?



What China, Russia, Iran and other countries like them run are not "businesses" like the ones we run here in our democracies. You can't compare an action taken against our enemies to domestic regulation of private business.

And if Biden is manipulating the BTC price, he's doing an awesome job, since... (yes, this bears repeating), Bitcoin went up 500% under president Biden.

They should go back to china, all this while now is the time that these Chinese people will start spying on the military bases? Good one Biden, they should have investigated them or kept a close watch on them first before making this decision.

This shouldn't be so hard for the country to do because they can do anything i believe, they have all the right tools they will need, it would make more sense if they spy on these mining company and caught them in the act.

I personally believe that Biden is making this up, this mining company have been there for long already, and this point is all about guesse still, for all these while there should be some proof already.

If you hate Trump so much, Biden isn't better, there are others you can vote for, like Kennedy Jr.

Exactly. They can't just shut down some legitimate business without a legitimate reason so they have to attach some fake thing to it making their actions seem legitimate. In fact this has been the US regime's pattern for years, they have already attacked many bitcoin related businesses with fake accusations such as money laundering. This is particularly getting worse these days with the regime's attacks on bitcoin mixers.

Even though regime policies don't change with the president, I have to say someone like Trump is much more radical and unpredictable than the senile Joe. After all Donald is the same man who his own chairman of the Joint Chiefs of Staff compared with Hitler before stripping him off of his powers as commander in chief;  worried he would pull a "Reichstag Moment"!