BTC To 9K$, China Banned miners

[alexey14]

Good news, China Banned BTC miners,Demand will be increased so Price will go up.

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[Hannu]

Hey buddy,

It is bad because of its big industry in China -ASIC hashing and bitcoin hashing.

[proTECH77]

Good news, China Banned BTC miners,Demand will be increased so Price will go up.

Although at some point you are very right but the negative side of this will affect the cryptocurrency industry especially the Bitcoin. We are looking forward for another county that will replace China to balance up the mining industry. For Bitcoin to hit $9000 is very visible because of the good start the year brought to cryptocurrency market.

[Jating]

Did they really ban bitcoin mining?

It only says it's considering a bitcoin mining ban, so it's not yet final so I guess everyone should stop speculating as this point until we really heard fro the Chinese government about their stance on it.

On the bright side, it might cut the monopoly of Bitmain and other countries might be willing to keep bitcoin mining on their back-yard.

[kaya11]

Well it is good in many ways, for instance if miners there would be banned there then the greater shares would come to small time miners. But this scenario has been familiar, remember they've said about banning totally bitcoin in there? What have been the outcome? Great right? Another is who cares now about what China says about Bitcoin, I don't think BTC solely revolves around them, I mean look at us, we don't need them anyways.

[jvdp]

Good news, China Banned BTC miners,Demand will be increased so Price will go up.

I thought others will capture the market but in your point of view it is right and maximum we can find the growth that is what expected too.
Keep dig more news about bitcoin and make all success for crypto currency.
How about the confirmation time and transaction processing on bitcoin transactions.

[Indamuck]

Did they really ban bitcoin mining?

It only says it's considering a bitcoin mining ban, so it's not yet final so I guess everyone should stop speculating as this point until we really heard fro the Chinese government about their stance on it.

On the bright side, it might cut the monopoly of Bitmain and other countries might be willing to keep bitcoin mining on their back-yard.

There is no way China will actually ban bitcoin mining.  They get tax revenue from businesses and mining has been thriving in their country.  Its just sabotaging their own economy only to let other countries gobble up the mining industry.

[manok jepang]

China has made various efforts to hinder the development of the bitcoin cryptocurrency industry since 2017. In my opinion If this ban is really implemented, it will have an impact on the existence of bitcoin itself because China has the largest number of bitcoin mining operations in the world.

[Shenzou]

Good news, China Banned BTC miners,Demand will be increased so Price will go up.

This is not a good thing, look at it this way, less miners means less people trying to verify transactions being made in the blockchain, which leads to fees going up and being delayed, Chinese miners have been a huge part of the bitcoin mining since electricity there is cheap which means it profitable than any other place, and with them gone it will really have an effect on the bitcoin overall, in a bad way that is, that being said i don't think that they are actually banning, they did limit or regulate it, but not banned, because cryptocurrency has been well established its roots in their economy and people's business.

[alisafidel58]

Just because China banned miners it doesn't mean that the demand will increase. Price of bitcoin is not connected to China miners, they only play a small role in addressing the transaction confirmation.

[Mometaskers]

Good news, China Banned BTC miners,Demand will be increased so Price will go up.

No, there is still no ban, at least I still can't find any reliable site saying so. The government however has been floating the idea for the past week and we are yet to see if they'll go through with it.

Most commentators seem to believe it'll have positive effect on price since it'll be more expensive to produce. Frankly, I really don't care much. Even if there's a drop, eventually prices will pick back up as new mines outside China become operational. As long as China also don't ban the production of equipment for mines, we're all good.

If one thing, mining being more spread out will make prices less susceptible to government FUD.

[Sithara007]

Good news, China Banned BTC miners,Demand will be increased so Price will go up.

You should stop posting BS.

I just checked all the major crypto news sites and none of them has published any news article related to this. There are indications that the Chinese government wants to ban crypto mining. But no concrete step has been taken yet, as they know that it can have a major impact on some of the private entities. And in case they ban mining, then it is going to affect the other cryptos as well, and not just BTC.

[cizatext]

Good news, China Banned BTC miners,Demand will be increased so Price will go up.

Hey ops this is not a good news because the less miners we have the more congested the bitcoin network become, because the will not be less available to harsh the transaction network. What is now the point of having high price with higher transactions fees?

[niisarearning]

I don’t think China ban doesn’t effect bitcoin price in 2017 China banned cryptocurrency exchanges and ico’s lots of fud happened people started to sell btc . Then huge bull run happened everyone regretted including me for selling bitcoin because of China fud.

[Ailmand]

If ever China will ban mining, I am sure that other countries will try to focus on that to grab the opportunity to operate big mining operation in their country. China had been announcing that a lot a few years ago. Let's just wait for further news about it and wait if China really announced this or if they will really do this.

[The Cryptovator]

Good news, China Banned BTC miners,Demand will be increased so Price will go up.

How you are considering this is a good news? China isn't a small country and if they really ban bitcoin mining then it's really negative for crypto-currency. Then how are you expecting price would go up. It might go down instead of price up. Will try to describe briefly about your though ? Ban bitcoin mining could not good news even its happen by others country as well. I am really not considering it as a good news even there is more country would encourage for mining. We really need expand mining community.

[dothebeats]

China's 'ban' on crypto mining wouldn't change anything in the cryptomarket landscape IMO. Most mining companies in China would just relocate into other countries and continue hashing. And that does not affect the demand side of the market in any way, considering that the world has since moved on from China's antics on the wee days of 2016. If anything, this will just free up the control the Chinese has over the network--not that the same miners would likely do something stupid to the blockchain anyway.

[n0ne]

Majority of the mining process takes place in China. This is a big industry contributing a large scale change to the cryptocurrency as mining is the base for every process. With the ban on bitcoin mining there are two possibilities, one is for a large scale growth in the market due to the sudden decrease in the supply. Next one is about the unexpected collapse of the mining segment.

[franky1]

bitcoin mining has not been a CHINA thing for a couple years now.

will people stop living in propoganda past

[boyptc]

Did they really ban bitcoin mining?

No, they have not.

I've looked for all articles that says they actually banned but most of the search results said 'wants'. So it means that this is a rumor like this article.

--> https://www.wired.com/story/china-says-bitcoin-wasteful-wants-ban-mining/