China plans closing Bitcoin mining.

[hdtqisg]

There are so many governments intended, it will greatly affect the deals related to bitcoin and altcoin! But digital money transactions are peer-to-peer so transactions can not be banned!

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[Zrs]

I think most the big miners from china and it is not possible to stop mining in china.I think this kind of fake news make confusion for the beginners and demotivate them.

[warning_btc]

Mining companies not interfere to China government, no reason to close it
If this news have accepted by China goverment, it will be big crash for network hashrate but not for long time.

[FRAGILE07]

its very hard to conclude that the chinese government would do that to bitcoin, because we all know bitcoin is so powerful and we all know that china is one of the powerful country and bitcoin would be a big lost for them if they would close bitcoin in their country. Just my opinion.

[Kittygalore]

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.

If that is the case then the Chinese government must seek for another way to find source of renewable energy. They can see the potential of bitcoin that is why more and more Chinese citizens are using it, therefore it is really effective. In such a way we can say that people in china sees the bitcoin as something that has a huge help to them.

[truongdhnh]

If this information is really true then it will probably affect our market. Because china is a large market and potentially more or less influenced the use exploitation and trade coins.