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Will Bitcoin Mining Farm in China be Closed?
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Topic: Will Bitcoin Mining Farm in China be Closed? (Read 1281 times)
vegito
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Re: Will Bitcoin Mining Farm in China be Closed?
September 21, 2017, 01:13:58 PM
#41
Quote from: cryptocortex on September 21, 2017, 02:27:04 AM
As we know, mining has become a highly specialized busisses, which means these guys take it seriously.
Miners will continue to mine while there is money to be made, whether legally or illegally. Some of them may also leave the country.
Hopefully they leave it fast, because the way things go, the next step is china banning miners from leaving china. lol
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bnkj76
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Re: Will Bitcoin Mining Farm in China be Closed?
September 21, 2017, 09:56:15 PM
#42
If exchanges and OTC trades were banned, China has a very power firewall and censorship to shut down the communication channels in VPN, Tor, or encrypted messenger and they will enforce violations by putting people in jails.
Then, I don't see how Chinese miners can cash out their bitcoins.
Without cash, they can't buy new hardware and pay for electricity and expenses. So miners will just quit well before then.
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