China plans closing Bitcoin mining.

[kiemponxs]

I think everyone already knows this issue since January.and I think since China government ban ico then following by ban crypto exchange and crypto itself.no more news from China can bring offense to market.

yes I agree with you, despite the many bad news from china I am sure now will not have any effect on the crypto market, although now the market is low but it's not because of bad news from china.

[Getcoinsite]

What can you say about China of closing their rigs/mining?
This could overshoot the price to the moon or plunge the price below the ground?

Those holding btc just brace yourself fasten  your seat bet for possible vortex of price.

Shit Chinese government,why not just let them do what they wanna do and lets stop making news about them.because they only making this market shake everytime new update coming from this country in which we dont care because since the time they banned bitcoin we still survive so why care about they're concerns

[DaryaDancova]

I think that the Chinese government will change its decision many times and eventually everyone will come to some compromise. Major miners simply will not give up this type of activity.

[biskitop]

this will worry some people. because if china announces it will shut down minco bitcoin and they explain also the reason they closed it, it is not impossible other countries will also be affected.

[angelinedelatorre]

If china closed the bitcoin mining in their country I think it cannot affect us because there is still other country that support the crypto world. I don't want to hear news about china they always make bitcoin down.

[bluemoon84]

Yes , I think the impact of this bitcoin mining ban in China will also puncture the transaction time, causing increased fees to be paid to transfer bitcoin. This could negatively affect the value.Because they can change their minds at any time. In the past, China has vowed to ban ICO investment activities, blocking all Bitcoin and ICO ads aimed at minimizing fraudulent activities. Now, China plans to start exploiting bitcoin.

[Falmera]

What can you say about China of closing their rigs/mining?
This could overshoot the price to the moon or plunge the price below the ground?

Those holding btc just brace yourself fasten  your seat bet for possible vortex of price.

It will affect cryptocurrency. This causes a decrease in the value of crypto coins. This news really affects all of us  investors, ou r feelings towards crypto currency.

[redhorsebeer1980]

can we really trust Chinese government not to change their mind?

China should not closed the mining in their country because there are many people who rely and needd the mining in their daily needs.I hope this will not happening to China.Bitcoin mining brings a big help to a country.

[Donotfoolme]

Do not worry guys ban does not affect the market,  the market will continue trend. Just keep on touch sometimes i dont care about others news of what will happen or what is happening right now,  i just focus how and monitor about the price of the coin.

[airdnasxela]

Where does this news come from? I mean it is hard to trust some of the statements here in the forum specially those who don't have their sources. Well,  it it is true,  it will make I think a notieceable effect to all the cryptocurrency users but I think it will not be a major problem. There are two things why I have said that.  First is that even though they close bitcoin mining, there are many ways here in bitcoin for us to use it. Another thing is that even they banned, they wouldn't have tracked more if you are in a far place from the city.

[King_Linda]

I would not worry too much about China being the first and not the last to ban and will ban the production of bitcoin. The strong weakening of bitcoin will not give it, be calm.

[bryant.coleman]

This is not very practical. China is home to a number of firms, which produce the hardware needed for Bitcoin mining. And a large part of the profit for these firms come from mining coins using the rigs which are waiting to be shipped to the customers.

[bitcoinman93]

it feels like china is harming bitcoin over and over again. But it's not the problem at all as it's up to all people to give the options to bitcoin users in china. Bitcoin is pen source software, chinese can use use it

[thenxinhang89]

I would like to ask: this decision of the Chinese government has a great impact on the bitmain, the world's largest Bitcoin exploited factory in China?

[Sam San]

What can you say about China of closing their rigs/mining?
This could overshoot the price to the moon or plunge the price below the ground?

Those holding btc just brace yourself fasten  your seat bet for possible vortex of price.

China has used blockchain technology and uses it. Chinese pools have not disappeared, but they are preparing to just go to the next level.

[maxti]

The relationship between China and the cryptocurrency is in general a separate topic. At one time he i studied a huge amount of materials to predict the future of the crypt in China

[Wind_FURY]

What would China plan to do with their excess electricity now? I believe many of you do not understand that once electrcity is generated, it should be used or it will be WASTED because it cannot be stored. Then any electricity generated that is used by the miners really saved it from being WASTED.

The people who say that "Bitcoin mining is a waste of electricity" are wrong and misinformed.

They just don't spend time to read and gather those information, for sure china have other things in mind in terms of crypto they wouldn't bother to do things that will benefits them, knowing how they played with the market are really needed to take it seriously,

I believe the Chinese government and the PBOC are carefully putting the needed regulatory infrastructure in place before they open up fully to cryptocurrencies. It took their country hundreds of years to open their economy to the world, so it might take them longer than expected to open their economy to Bitcoin again.

as china really understand how to make more money out from their investment, just like what you have said, they will maximized the potentials since it is a spare electricity they would do things that can generate more extra funding.

But they are pushing miners out of their country. They want to clear their country from Bitcoin and altcoins until they are certain they won't disrupt their financial system.

[avoxosuccesful]

If cryptocurrency price falling too far in the market, then not only china but most of the miners will close their mining activities because they won't get any profit from mining. The mining earnings will not cover the equipment and electricity cost. But what you said really true about china, then bitcoin difficulty may falling down drastically. Recently there was a flood in china and their mining rigs were damaged, bitcoin difficulty decreased very much. with china closing the bitcoin miners i dnt knw hw transaction is going to be easy this days anymore.

[anam17]

This is not good  news to us after banning btc  to their country,  I hooe the country of china will accept again btc  and not banning and closing mining. Because btc  is goold opportunity to earn money and they can help to their economy I think to grow more.

[Alex_Kidd]

What can you say about China of closing their rigs/mining?
This could overshoot the price to the moon or plunge the price below the ground?

Those holding btc just brace yourself fasten  your seat bet for possible vortex of price.

In my opinion it would only be a good thing. I'm really tired of reading every week some news, usually bad, regarding Chinese government and the bitcoin, we can perfectly live and keep going without them. They don't want bitcoin? Ok, just ban it and that's it.