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D-Fault
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Activity: 154
Merit: 10
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January 06, 2018, 11:47:27 AM |
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Ughm ... wasn't the mining and the whole cryptocurrency been already banned in China? Slowpoked?  |
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Fahim
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January 06, 2018, 12:09:25 PM |
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This news came out a couple of days ago. But this almost did not affect the price of Ethereum and bitcoin. All expected that the cost will decrease, as in China there are a lot of miners. However, this did not happen. And the currencies are quite stable. Perhaps this will affect the market a little later. But the Chinese projects are developing rapidly and the government can not do anything about it.
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Metroid
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Activity: 2142
Merit: 353
Xtreme Monster
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January 06, 2018, 12:19:14 PM |
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The reason they are shutting down miners is that they are using too much electricity and in some parts of china electricity is free.
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BTC Address: 1DH4ok85VdFAe47fSVXNVctxkFhUv4ujbR
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Stonesteel
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January 06, 2018, 12:20:37 PM |
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shutting down cryptomining in China is not new anymore. It barely affects the crypto community today.
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nakamote
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Activity: 210
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WINSTARS - We are changing the face of gambling
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January 06, 2018, 12:21:17 PM |
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Electricity isnt the big problem,the greedy people who is taking advantage the crypto for their wealth,there will a lot of powerful people in the chinese if the china dont regulate cryptocurrency,chinese are too racist to each other
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Chokolo (OP)
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Activity: 168
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January 06, 2018, 12:22:00 PM |
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This news came out a couple of days ago. But this almost did not affect the price of Ethereum and bitcoin. All expected that the cost will decrease, as in China there are a lot of miners. However, this did not happen. And the currencies are quite stable. Perhaps this will affect the market a little later. But the Chinese projects are developing rapidly and the government can not do anything about it.
No the news came yesterday on western media. Bitcoin is already going down value. Wouldnt surprise me to see a huge crash in price. |
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natasha-lev
Newbie
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Activity: 210
Merit: 0
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January 06, 2018, 12:24:46 PM |
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Very interesting news. But I am not sure that we understand those regulations in the correct way. It doesn't mean that BTC rip. Think that we need to prepare money for buying cheap crypto with the current FUD.
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Chokolo (OP)
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Activity: 168
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January 06, 2018, 12:25:25 PM |
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Didnt you read the news? It is also about miners not paying tax. China wants a big piece of the cake and the numbers of miners not paying tax are probably HUGE |
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sarfwr
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Activity: 210
Merit: 10
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January 06, 2018, 12:26:07 PM |
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In fact, China has no effect on cryptocurrency markets, and this foolish country has given up its pricing power. |
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Metroid
Sr. Member
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Activity: 2142
Merit: 353
Xtreme Monster
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January 06, 2018, 12:27:24 PM |
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No the news came yesterday on western media. Bitcoin is already going down value. Wouldnt surprise me to see a huge crash in price.
Are you kidding? that sounds like cause when the word banned comes up the only thing that happens is bitcoin going up. |
BTC Address: 1DH4ok85VdFAe47fSVXNVctxkFhUv4ujbR
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natasha-lev
Newbie
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Activity: 210
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January 06, 2018, 12:27:39 PM |
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This news came out a couple of days ago. But this almost did not affect the price of Ethereum and bitcoin. All expected that the cost will decrease, as in China there are a lot of miners. However, this did not happen. And the currencies are quite stable. Perhaps this will affect the market a little later. But the Chinese projects are developing rapidly and the government can not do anything about it.
Even if China closes mining - its good for worldwide decentralization of BTC mining. Secondly, look at envion ICO. They are making movable containers for mining with cheap energy. |
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hieu81
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January 06, 2018, 12:29:24 PM |
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May be we have more power for mining? I think! Mining need more support from country! Because blockchain verry attractive |
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Sniar
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January 06, 2018, 12:38:20 PM |
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I thought it was already banned in China. so you're telling that was illegal to trade with crypctocurrency in China but legal to mine it? sounds like a fake news.
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Metroid
Sr. Member
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Activity: 2142
Merit: 353
Xtreme Monster
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January 06, 2018, 12:44:31 PM |
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I thought it was already banned in China. so you're telling that was illegal to trade with crypctocurrency in China but legal to mine it? sounds like a fake news.
China banned bitcoin for the 1210th time and people here asking --> "did china ban bitcoin?" hehe |
BTC Address: 1DH4ok85VdFAe47fSVXNVctxkFhUv4ujbR
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LUCKY21
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January 06, 2018, 12:47:49 PM |
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It seems to me that after the autumn news from China about the prohibition of bitcoin this news will not scare anyone. This is all manipulation kryptorkom. And someone pursues their goals by releasing such news.
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nicedreams
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Activity: 173
Merit: 10
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January 06, 2018, 12:50:11 PM |
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Come back when China outlaw miner or mining and willing to send miners to gulag. If not then not really gonna put down Chinese miners and their way. |
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a6ledn218
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January 06, 2018, 12:51:29 PM |
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In fact, this news is simply nothing in words. As the rectification and disposal of the mine started last year, especially after the exchange was closed down in the country last year, the relevant regulatory agencies also discussed about the mine However, the conclusion is that the reasons for the closure of the mine are not sufficient and that the mine has not caused any more social problems and the risk point is not clear and no specific arrangements have been made
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bamboylee
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January 06, 2018, 12:53:05 PM |
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The effect seems different from what you expected. The price pumped in the last 24 hours. It seems that the crypto community is already tired of hearing FUD news coming from China. It has no effect anymore. Anyway, if ever its true there is ample enough miners coming from other countries to cover what will be lost. |
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