China plans closing Bitcoin mining.

[thirdkiller]

China is a country where freedom is not a guaranteed issue. Therefore, all government actions contrary to bitcoin and other crypto are normal for a centralizing country and do not admit decentralization

I agree with you because Tina has special laws for the people living there. If the government decide to close the mining of Bitcoin people except this. They still believe in their government.

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[Vanes_brz]

That's the news of course.. They have the most farms are.. let's hope that the price will fly up not otherwise)

[jojohamasa]

Most mining companies are fleeing from warm to cold countries
Mining companies are growing and becoming large
I think prices will not change much
do not worry

[angelramirez24]

Is there any official news about this? i think these are just rumors and nothing more.

[GeorgiyBilyk]

Very many interesting opinions on this matter! but my opinion is that the Chinese only make themselves worse! a few years ago, China was the first in the development of the crypto world! And now, due to incomprehensible laws, big players, big miners, large projects - are starting to leave for other countries, where doors are open for them! The number of bitcoins will not decrease because of this, and the price will not be affected by these changes! But China will lose its leading role in the development of the crypto market!

[oanhtrang1523584@gmail.co]

China is a country with the most policies with Bitcoin. It is difficult to understand what they are thinking. They are prohibited from purchasing ICO in some projects

[macdevil007]

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 was been planned and announced few more months ago but still there is a large pool in china when it comes to crypto mining. and some are putting it or operate on a very rural or undisclosed location.. Well it should have a negative infact on most of blockchain not only in Bitcoin if that totally happen. because almost 30 to 50% of pools came from china.

[crowdfarmx]

This does not mean mining activity will reduced. Mining can operate in other part of the world, it doesn't necessarily be in China. The one that will hamper the growth is actually trading ban or OTC ban

[Igromania]

I think this is fake news and China will not close anything. China is a developing country and they understand that if you ban the mining of bitcoin, it will not benefit anyone.

[Marlo Stanfield]

Very many interesting opinions on this matter! but my opinion is that the Chinese only make themselves worse! a few years ago, China was the first in the development of the crypto world! And now, due to incomprehensible laws, big players, big miners, large projects - are starting to leave for other countries, where doors are open for them! The number of bitcoins will not decrease because of this, and the price will not be affected by these changes! But China will lose its leading role in the development of the crypto market!

I mean it's good for them, and I'm sure lots of Chinese business people and such have made themselves rich from this. But the rest of the world is the one that got stuck with Chinese monopolies on producing mining ASICs and a semi-monopoly on mining itself. I don't think that was very good for decentralization at all.

[aleksej.rozhkov]

I do not understand China's policy at all! why do they constantly introduce some kind of prohibitions? !!! They must understand that the biktoin and the whole system is the future! Crypto currency has given life to so many projects! And I also gave a very powerful jolt of world information technology!

[dhanushilakshani]

I think the effect of this bitcoin mining boycott in China will likewise cut the exchange time, making expanded charges be paid to exchange bitcoin. This could adversely influence the esteem, as it would make digital currency less down to earth as an other option to the typical cash.

[Derizo]

Economicaly China is among top of the world. They plans to close bitcoin as it is not well secure, and internationally do not have much value. International trade is mainly in euro and dollars. All the prices of oil and other products are in flat currency.

[hohuan101]

In China, bitcoin mining consumes a lot of energy and the Chinese government is concerned about the problem. They fear that bitcoin digging will affect their energy.

Well they fear right. Energy is an important thing in the development of a country's economy and if mining bitcoin affects that then they ought to make that decision to stop mining.

Yes, it can be detrimental to many people. But national energy is also a very interesting thing, they choose so completely accurate. Mining is very energy consuming ...

[jmvzlfyg]

This is not true news that many of my friends in China are mining in the western part of the country and some are planning to invest more.

[Ortintin1]

Bt why are they clamping down on bitcoin

[gordeevaverona]

This is a very wrong decision! All Chinese prohibitions will not lead to anything good ..... China itself must understand that a new era has come, and a new digital revolution has come! Now a lot of countries are opening their doors to the entire crypto market! A very large number of miners began to move to other countries, where a more pleasant environment for the formation and extraction! China begins to lose its position in the development of the crypto industry! Now those countries that refuse to support and develop the technology of Blochkchain will remain behind the 21st century! Such countries will have to catch up with the entire Information New World Economy for a very long time! Already today, China no longer occupies a leading position in the crypt world! Sharp prohibitions can only harm those who enter these prohibitions! Already many countries have open doors for the crypto market, and all the miners have rushed there! Such a move can not very much affect the entire crypto system! In China, a lot of interesting projects with interesting products, they will have to move to other places! For example, today India has appointed a meeting and a meeting on September 11! At this meeting they will discuss the removal of restrictions in the creep market! This is the right step, India understands all the consequences of debt bans! Especially India is one of many countries where there are a lot of good projects! India does not want to lose such projects from its economy!

[Wayan_Pedjeng]

The Chinese officials will live to regret this decision and I have very strong suspicion that the Russians will be overjoyed at this news. If this is actually going to happen, then the majority of the hash-power will move to Russia.

[cetald]

There were many such statements from different governments. In fact, it has always been not about a ban, but about regulation. This news is always misinterpreted.

[bapetdik]

It seems nowadays chinese try hard to turn off bitcoin. In the sense that bitcoin does not want to continue to exist in china. So they closed the bitcoin mining there. It looks like bitcoin is now too strong and hard to resist. That's just my opinion. Because I see the trip that is on bitcoin.