sun might be free but the taxes on that land isn't, business taxes are not. all of which will be going up in china on these farms.
BCwinning, I'll have to give a wide-range kind of answer to you.
By now it is QUITE clear and QUITE annoying since a long time what these folks are trying to do.
We should have to jump in political remarks then.
I've already explained what it is happening since the BCH fork and eventually even South Korean authorities have had a "slightly delayed" understanding about it by now. They just needed to have some kind of backing from a certain western country before going further, just in case
That country which said it will be raise mining-related taxes has to be quite careful, though, as with N. Korea behaviour they've already their neck exposed to world scrutiny. Many foreign investments have been done in their country, and, with the very competitive Tax policy now active in USA many enterprises could say bye bye in a snap, as the next tax increase would be touching them.
BUT I find western countries (but not only western ones) to be guilty on par. Chasing profits in a country with no real democracy, only because it offers lower taxes and lower cost of workmanship (and very few rights for workers of course) is proving to be self-wounding. These countries had choosen the shortest path, not the best.
Lower costs of electricity for mining up to now it is just on the same trend.
The fundamental mistake was to trust someone simply not long-term trustable? No. It was not to think about an emergency plan, mining wise.
Deploying solar energy powered mining farms it is feasible, but takes time and undergoes taxes, as you said. But what if they were overbuilt and the power surplus being sold back to country's own energy purveyors? Accurate planning always brings about rewards, or in the worst chance cuts losses.
On the other side, deploying wallets enabled for PoS mining (even a mixed PoW/PoS)
with a clever and fair "mining" distribution can be done pretty much faster, and gaining time in order to deploy solar energy powered PoW mining farms. How are you going to tax my wallet for my PoS mining, BTW?
Just a few posts ago I suggested that to BTG devs and commanders alike. getting back to the thread.
Accepting PoS as I alredy said implies an inflationary coin, whichever it is. But even a deflationary coin as BTC it is by definition get inflationary when forked even on a 1BTC=0.001NewCoin base. So where it the point?
Yet there is something else to put in the mix just to understand the current moment.
ETH is raising to ludicrously high levels and RSI beyond 85%. In 2-4 days Parabolic SAR will probably intercept price levels and there will be a down-trend. If S. Korean authorities will effectively act even before that date even sooner.
Now, is ETH so immune from culprits in its own ecosystem to deserve this sudden up-trend?
Answer: no
https://www.coindesk.com/ethereum-time-highs-overshadow-wave-technical-issues/A lot of issues in the end!
Why is it raising that much? Because its prices can be altered with far less money than BTC in order to make same profits. Proof is that since 12/06/2017 ETH has more than tripled its value.
ETH and NEO that have so much in common and I guess NEO will soon follow the same trend.
Where is the place for BTG then? I wrote about the following many days ago, it was still December. I warned BTG crew about the necessity to get out of Bithumb dominance (Mate, please go back to my previous posts to find the very day I wrote that). Today this dominance is 49.21% . But Bithumb is #1 world exchange for ETH and so the best seat it is already taken, albeit BTG deserves a mention apart for defending honourably against outgunning enemy.
