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1  Bitcoin / Bitcoin Discussion / Re: More China Craziness - "Cracking done on mining" on: May 21, 2021, 04:59:51 PM
So just another rehash of the news yesterday? Man, China might as well just crack down on Bitcoin every 10 minutes just so we can get done with it.

This time is a press release:
http://www.gov.cn/xinwen/2021-05/21/content_5610192.htm?ivk_sa=1023197a

Things are getting a bit uglier, of course, this committee is nothing when it comes to the legislature and as far as Google knows it's a mechanism of coordination, so probably what they get done in one of their meetings is just giving out guidelines that might or might not be put into laws or enforced.
But at the same time, that's also one of the politburo committees, and the guy running it is quite high up 4th vice premier, so I could understand the market moves at hearing those.

Going into conspiracy theories I'm starting to wonder if this drop in hashrate is not made by some miners fleeing danger zone, the current 15% drop we're experiencing makes no sense economic-wise, even if we round the price to 35k.

Anyhow, I'll wait a bit anxious myself for some tweets from guys known to run miners in Xinjiang and Sichuan, if they ring alarm bells, then we're going full bear season, if not, just the usual china dip.


Can you please name those miners?
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