https://hacked.com/33035-2/Just to clarify with all we now know there is no merit to the story that miners have been banned in Sichuan ( just one of the many chinese states )
I can say one thing, is south of the Yangtze river its illegal to have central heat, north you can have central heat, miners are heaters, thus using such devices in the south would be construed illegal, as a waste of energy.
They will not ban mining, as its impossible to ban what people do in private homes, what they can do is raise the cost of power on people who use too much power,
But mainly they need to clamp down on political favoritism where political ppl give free hyrdro to their mining pals.
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This is going to happen, meaning that they're going to have to pay the prevailing rate say 0.20 kwh, which is about ONE YUAN per kwh, when that happens most BITMAIN miners will no longer be profitable in CHINA.
An ASIC S-9 burns about 1KW an hour, thus 24 yuan a day times 30 is 720 yuan, which is about $100 USD, or $3/day, but right now at 14THS the S-9 only earns about $6/day, the BCH was doing better a few days ago, but now that its price has collapsed its just more of the same.
Typical Asian price paid for an S-9 is about $5/day for electricity thus for most it isn't profitable, unless you have friends who can it free for you.
With FREE electriciity of course this shit is very popular
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Right now they're reporting higher than average ROI for BTC & BCH ( both sha256 algos that use S-9 ), but that's because the price has risen for BTC which always effects the ROI, but the difficulty will correct very shortly
BITMAIN has actually recently raise the price on now obsolete s-9 buts its short-lived as profit will go back down, as more miners start their S-9's back up.
