China plans closing Bitcoin mining.

[stephen_fortune]

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.

I don't think that this news I will be true in the future. Generally, China is very great country with its own view about cryptocurrency. Even if they will close my name people will find a way to do it. Because people are smart and want to earn for themselves.

Yeah you know what'll probably happen is the government will establish a crypto division of their cyber police who actively hunt and tax the piss out of all the miners in China. Then they will start creating firewalls of their own to hide behind and we'll be having crypto firewall wars. Fuck third world war, the future is virtual.

But yeah, Chinese people are usually pretty smart at outsmarting their government and finding ways to make money. They're also really good at getting money out of that country. So it'll happen, on way or another.

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[Gurueconom]

If the Chinese government completely prohibits the production of crypto currency, then people will simply transfer their miners to other countries and nothing terrible will happen, so you should not worry. At a price, this will not be reflected much.

[axemelada]

China has a very strict law. And counterfeiters are likely to take advantage of this opportunity in full. Since the number of the population is huge. It will be difficult to track the exact routes of the fake coins. China itself is a huge market, the loss of this partner in the Bitcoin market will lead to not very pleasant consequences.

[zander09]

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.

I don't think that this news I will be true in the future. Generally, China is very great country with its own view about cryptocurrency. Even if they will close my name people will find a way to do it. Because people are smart and want to earn for themselves.

Many people on China is business man and I think all they want is to get profit. In that way they can want bitcoin because they can see how to earn huge profit on bitcoin so I didn't see any reason for them to close mining.

[21BTC100ETH]

We have heard this several times from different countries. I don't think it will stand for long.

[aleksej.rozhkov]

I do not understand China? !! why do they put the stick in their wheels ? !!! why ban what now in all countries begin to legalize! those laws that were adopted, because of them already a lot of companies and miners left for other countries!

[tek_zoom]

I do not think China plans closing Bitcoin Mining. This may be the bitcoin rumors of Chinese speculators. Bitcoin is still a good choice for Chinese politicians. I think they will protect their rights and not let this happen.

[muneeb.zain]

This really an alarming situation for the bitcoin holders.Bitcoin can be affected by this.This can cause in the sudden jump to the peak in the price of the bitcoin  or it will be buried so it's hard to predict what would be the reaction of the bitcoin.

[xzxcoin]

just the fake News. we can't believe that. Maybe They are buy a lot at bottom price for BTC.

[NowLovebed]

I heard that China has flooded a lot of bitcoin mines due to floods in the last few days. They have suffered heavy losses. Due to the shortage of miners, we may have to increase our transfer fees recently.

[killerfrost]

China is moving toward closing its virtual bitcoin industry in the country due to concerns about its excess power and financial risks. This accurately reflects Beijing's assessment that virtual currency will not be a strategic sector.

[112_blockchain]

In my opinion, this is a rather stupid decision, which in consequence will undoubtedly entail the collapse of the market and a kind of rollback.

[nehemiah31]

Yes, because the government bodies have concern about energy usage. Bitcoin mining is estimated to use up to 4 gigawatts of electricity, that is equal to 3 nuclear reactors’ production levels.

[flowers5]

In the end if China bans Bitcoin I don't think anyone will care let alone Bitcoin.  It will keep moving forward with the rest of the world while the Chinese people fall victim to unjust government.  There are over a billion of you.  I wonder what it will take to spark a bout of freedom over there. 

[dimbaba]

It will be difficult to track the exact routes of the fake coins.They have suffered heavy losses.It will keep moving forward with the rest of the world while the Chinese people fall victim to unjust government.

[saumang2m]

I do not think China will close Bitcoin. Because China also has the address that if China will close Bitcoin. Then they will suffer from it.

[imToken]

There is one of the world's largest bitcoin mines in China. Its name is BITMAIN. I believe many people have heard of it, and we can see that it is alive now.So I think China does not really intend to close the Bitcoin mine，and it is very likely that China will re-recognize Bitcoin in the future.

[tiktak89]

Of course this will affect bitcoin, but without serious consequences. Still, there are many people in the world who are happy to mine bitcoins.

[drukoz2]

I hope that the Chinese government will reconsider its decision and will not interfere with the production of bitcoin in the territory of its country. Why hinder the development of technology?

[Saldom12]

Why is China doing such a bad thing, it makes me dislike China. Mining is one way to get bitcoin and if it is closed it will affect bitcoin.