fluidjax
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November 14, 2017, 12:33:00 PM |
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FUD? Who knows.
Tencent reported that Sichuan has issued a notice indicating that all BTC production is ILLEGAL. Thus all hydro power plants are to cut off electricity supplies or face penalty.
The second image is the supposedly "official document".
As I discussed before, those miners ship their miners to KangDing in Sichuan during Spring as the Himalaya melts and water flow downstream into Sichuan for cheap electricity from hydro power. Miners ship their Antminers to coal producing region like Inner Mongolia during winter as the Tibetan plateau freeze up and electricity cost doubles. Just to note that it is almost winter now.
Edit: Just to note that this is actually "Bullish" for BTC as it will effectively kill off those Bitmain mining farms, if true, or at least increase electricity cost significantly. So that individual miners actually have a chance to mine if profitability allows.
This is good news, without the cheap electricity subsidy perhaps everyone will be able to compete fairly. If mining is banned in China, the mining operations can probably easily move to neighbouring countries, who I'm sure will be very happy to take a slice of their profits through some sort of taxation.
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flynn
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November 14, 2017, 12:45:24 PM |
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copy-paste image to google translate ... grmblblbl doesn't work dammit
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monsanto
Legendary
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Activity: 1241
Merit: 1005
..like bright metal on a sullen ground.
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November 14, 2017, 12:51:41 PM |
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copy-paste image to google translate ... grmblblbl doesn't work dammit
Try googling "Chinese FUD" instead
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BTCMILLIONAIRE
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November 14, 2017, 12:55:34 PM |
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FUD? Who knows. Tencent reported that Sichuan has issued a notice indicating that all BTC production is ILLEGAL. Thus all hydro power plants are to cut off electricity supplies or face penalty. The second image is the supposedly "official document". As I discussed before, those miners ship their Antminers to KangDing in Sichuan during Spring as the Himalaya melts and water flow downstream into Sichuan for cheap electricity from hydro power. Miners ship their Antminers back to coal producing region like Inner Mongolia during winter as the Tibetan plateau freezes up and electricity cost doubles. Just to note that it is almost winter now. Edit: Just to note that this is actually "Bullish" for BTC as it will effectively kill off those Bitmain mining farms, if true, or at least increase electricity cost significantly. So that individual miners actually have a chance to mine if profitability allows. http://8btc.com/data/attachment/forum/201711/14/183317v6w7rmbi1916l95v.pnghttps://pbs.twimg.com/media/DOlnUdhXcAA_Vtk.jpgKarma much? Hopefully it is true and not fake news.
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LewisPirenne
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November 14, 2017, 12:56:51 PM |
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It says,
"Emergency notice concerning the prohibition of Bitcoin production"
"Bitcoin production is an illegal operation. All power plants would thus be engaging in illegal operation (by supplying electricity to the said operation). From the date of reception of this notice, all power plants are to stop (aiding) Bitcoin production. Electricity production are now to be controlled and distributed via *Name* power substation. All illegal supply of electricity will be cut off from the power grid and face penalty. National Sichuan *Name* Power Corporation."
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tscen
Newbie
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Activity: 22
Merit: 0
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November 14, 2017, 12:57:36 PM |
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copy-paste image to google translate ... grmblblbl doesn't work dammit The title: emergency announcement to ban bitcoin mining Details are basically to notice any sub power stations to stop providing electricity to bitcoin minging business. any violators will be punished (get their power generation license revoked aka kicked out of business).
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flynn
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November 14, 2017, 01:03:04 PM |
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...snip image ...
copy-paste image to google translate ... grmblblbl doesn't work dammit The title: emergency announcement to ban bitcoin mining Details are basically to notice any sub power stations to stop providing electricity to bitcoin minging business. any violators will be punished (get their power generation license revoked aka kicked out of business). Soon we'll find some cheap asic miners on ebay ...
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eXpl0sive
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November 14, 2017, 01:04:50 PM |
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FUD? Who knows. -snip-
I gave that image to Google translate and this is what I got back in English: Each grid of small hydropower: Bitcoin production is illegal business, all grid-connected power station also belong to the illegal transfer of power operations, since the date of receipt of notification, all grid-connected power stations stop production of bitcoin, power generation by Zhang Valley Substation unified scheduling arrangements, continue to illegally transfer power grid-connected power station, our company will be relieved net punishment. State Grid Sichuan Ganzi Prefecture Power Co., Ltd.
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tscen
Newbie
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Activity: 22
Merit: 0
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November 14, 2017, 01:07:37 PM Last edit: November 14, 2017, 01:20:03 PM by tscen |
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...snip image ...
copy-paste image to google translate ... grmblblbl doesn't work dammit The title: emergency announcement to ban bitcoin mining Details are basically to notice any sub power stations to stop providing electricity to bitcoin minging business. any violators will be punished (get their power generation license revoked aka kicked out of business). Soon we'll find some cheap asic miners on ebay ... It's just from one electricity company in one of 33 provinces in China. Unless the ban expends to other provinces, you won't find any cheap miners on sale. https://upload.wikimedia.org/wikipedia/commons/thumb/4/46/China_provinces.png/450px-China_provinces.png
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promomei
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November 14, 2017, 01:07:50 PM |
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crazy days bitmain.com only BCH(Bitcoin Cash) payment method is accepted
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BTCMILLIONAIRE
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November 14, 2017, 01:08:53 PM |
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crazy days bitmain.com only BCH(Bitcoin Cash) payment method is accepted Not for much longer if the "China banning Bitcoin mining" is real. Fuck Denma Bitmain.
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tscen
Newbie
Offline
Activity: 22
Merit: 0
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November 14, 2017, 01:09:26 PM |
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FUD? Who knows. -snip-
I gave that image to Google translate and this is what I got back in English: Each grid of small hydropower: Bitcoin production is illegal business, all grid-connected power station also belong to the illegal transfer of power operations, since the date of receipt of notification, all grid-connected power stations stop production of bitcoin, power generation by Zhang Valley Substation unified scheduling arrangements, continue to illegally transfer power grid-connected power station, our company will be relieved net punishment. State Grid Sichuan Ganzi Prefecture Power Co., Ltd. stop doing it yourself, read my post.
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promomei
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November 14, 2017, 01:10:42 PM |
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crazy days bitmain.com only BCH(Bitcoin Cash) payment method is accepted Not for much longer if the "China banning Bitcoin mining" is real. Fuck Denma Bitmain. agreed fck asics
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RejectedBanana
Sr. Member
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Activity: 406
Merit: 551
I am a banana.
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November 14, 2017, 01:16:14 PM |
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Any thoughts on how high the next BCH rally will go? I'm thinking we might hit 0.8 temporarily, and then crash. I don't think we'll spike above 1.0 on the next wave. At this stage, I think anything over 0.4 is a good place to take profits.
Just as an addendum to your work of art, I permit myself to note also the middle finger formation given by the initial bump in the chart. That's a dick if I've ever seen one. That just blew its load. Initial bump is the scrags. Nicely done.
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sirazimuth
Legendary
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Activity: 3514
Merit: 3613
born once atheist
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November 14, 2017, 01:24:42 PM |
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There are no new scams under the sun. How very dull.
An appeal to the governments of the soi-disant nation states: I would like to see new and more entertaining scammers, please.
How is this for a new scam idea - send me 500BTC and I will send you an image of my own creation, with a resolution of 1280x960 - great for a desktop background. Oh sorry - someone has already SUCCESSFULLY done this back in the day. https://bitcointalk.org/index.php?topic=25Proof - the address still has $4m https://blockchain.info/address/1BHtsCnpmTvpgJEP7eMKEVhpJFunxSM8vqWow! Very interesting. Old legacy threads like that complete with Satoshi posting replies I find fascinating. Thanx for linking.
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oblox
Legendary
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Activity: 1442
Merit: 1018
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November 14, 2017, 01:27:44 PM |
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There are no new scams under the sun. How very dull.
An appeal to the governments of the soi-disant nation states: I would like to see new and more entertaining scammers, please.
How is this for a new scam idea - send me 500BTC and I will send you an image of my own creation, with a resolution of 1280x960 - great for a desktop background. Oh sorry - someone has already SUCCESSFULLY done this back in the day. https://bitcointalk.org/index.php?topic=25Proof - the address still has $4m https://blockchain.info/address/1BHtsCnpmTvpgJEP7eMKEVhpJFunxSM8vqNo... that address does not still hold that amount... gone since 2011.
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ghandi
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November 14, 2017, 01:31:34 PM |
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Do you guys know/use any kind of coin monitor site? Not like cryptowatch or coinmarketcap.
More like "add this coin to my watch list and send an email when it reaches X satoshi"?
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Last of the V8s
Legendary
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Activity: 1652
Merit: 4392
Be a bank
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November 14, 2017, 01:33:25 PM |
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...snip image ...
copy-paste image to google translate ... grmblblbl doesn't work dammit The title: emergency announcement to ban bitcoin mining Details are basically to notice any sub power stations to stop providing electricity to bitcoin minging business. any violators will be punished (get their power generation license revoked aka kicked out of business). Soon we'll find some cheap asic miners on ebay ... It's just from one electricity company in one of 33 provinces in China. Unless the ban expends to other provinces, you won't find any cheap miners on sale. maybe Sichuan's loss can be turned into Southern or Occupied Mongolia's gain. (sorry won't call it 'Inner') https://twitter.com/VJMallet/status/930228216068837376https://www.ft.com/content/86db7612-c822-11e7-ab18-7a9fb7d6163e China coal glut threatens to create $90bn in ‘stranded assets’ Report predicts huge losses on investments as country shifts to renewable energyedit/add conspiracy: maybe Kangding is just too damn Tibetan for the centre to countenance. easier to mine with the more docile Mongolians to use up all that coal...
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Paashaas
Legendary
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Activity: 3560
Merit: 4689
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November 14, 2017, 01:33:53 PM |
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FUD? Who knows. Tencent reported that Sichuan has issued a notice indicating that all BTC production is ILLEGAL. Thus all hydro power plants are to cut off electricity supplies or face penalty. The second image is the supposedly "official document". As I discussed before, those miners ship their Antminers to KangDing in Sichuan during Spring as the Himalaya melts and water flow downstream into Sichuan for cheap electricity from hydro power. Miners ship their Antminers back to coal producing region like Inner Mongolia during winter as the Tibetan plateau freezes up and electricity cost doubles. Just to note that it is almost winter now. Edit: Just to note that this is actually "Bullish" for BTC as it will effectively kill off those Bitmain mining farms, if true, or at least increase electricity cost significantly. So that individual miners actually have a chance to mine if profitability allows. http://8btc.com/data/attachment/forum/201711/14/183317v6w7rmbi1916l95v.pnghttps://pbs.twimg.com/media/DOlnUdhXcAA_Vtk.jpgKarma much? Hopefully it is true and not fake news. It's true, Chinese mining crackdown incoming. Jihan Wu didn't show up for the mining panel today at ETCsummit, he was 'sick'
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BTCMILLIONAIRE
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November 14, 2017, 01:39:21 PM |
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FUD? Who knows. Tencent reported that Sichuan has issued a notice indicating that all BTC production is ILLEGAL. Thus all hydro power plants are to cut off electricity supplies or face penalty. The second image is the supposedly "official document". As I discussed before, those miners ship their Antminers to KangDing in Sichuan during Spring as the Himalaya melts and water flow downstream into Sichuan for cheap electricity from hydro power. Miners ship their Antminers back to coal producing region like Inner Mongolia during winter as the Tibetan plateau freezes up and electricity cost doubles. Just to note that it is almost winter now. Edit: Just to note that this is actually "Bullish" for BTC as it will effectively kill off those Bitmain mining farms, if true, or at least increase electricity cost significantly. So that individual miners actually have a chance to mine if profitability allows. http://8btc.com/data/attachment/forum/201711/14/183317v6w7rmbi1916l95v.pnghttps://pbs.twimg.com/media/DOlnUdhXcAA_Vtk.jpgKarma much? Hopefully it is true and not fake news. It's true, Chinese mining crackdown incomming. Jihan Wu didn't show up for the mining panel today at ETCsummit, he was 'sick' This makes me very happy. Hopefully it will also be illegal to park Chinese miners outside of China so he'll start running out of fiat for his wash trades.
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