Your partially right, but like the blind men with the elephant, sort of wrong.
COAL is a major problem, but the real problem is historically in CHINA from the begin the miners were near HYDRO, but in recent years everywhere here in ASIA, the rivers are running dry
In order to keep these miners running, and remember we're talking about the equivalent of entire country of power wasted like say Argentina, in terms of powering these BITMAIN miners that burn 3,000KWH each, and they can be lined up to the moon.
Something has to be done, in order to mine bitcoin do we kill everyone in CHINA with smoke from coal??
I know the BITCOIN community don't care about human life, they only care about HODL, and mis-information and lies and get rich quick.
The CCP has to make a decision, they go slow. Jack Ma owner of ANT ( all hw & mining ops ) is under house-arrest, CCP has taken over in the coming months we'll learn what they intend to do with the BITCOIN "PROBLEM".
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Chinese companies to build 700 coal plants in and outside ChinaCiting data gleaned from the world’s biggest developers of coal-fired power plants, Urgewald found that of all the new coal generation expected to go online over the next decade, Chinese companies will build nearly half of it. Specifically, that means 700 new coal plants, with most to be built in China, and about a fifth outside the country, according to figures provided by Urgewald and reported by the New York Times:
https://www.mining.com/chinese-companies-build-700-coal-plants-outside-china/ The issue has always been state subsidies funding coal energy.
China could choose to subsidize more wind, solar or hydroelectric power. They chose to subsidize coal. Bitcoin is not part of the equation.
What "evidence"? You've posted nothing except your own conspiracy theories with no actual facts to back them up. You're asserting that China is taking actions with an intention to manipulate the bitcoin price. What has happened in reality is that China took regulatory actions and the price dropped as a result. Just because a price drop has been correlated with past actions by Chinese regulatory authorities doesn't mean those actions were taken with the intent of crashing the bitcoin price. Assuming that was the case, what was the reason? Did China accumulate a bunch of bitcoin after that? That would have to be the logical conclusion to believing something so ridiculous, and the fact that it didn't happen means you must believe they just intended to crash the bitcoin price for no reason. It makes no sense.
Define a motive behind the media reporting a long list of patently false content which negatively influenced bitcoin's value, over the last 10 years.
Define a motive behind false reports of binance offices in shanghai being raided, false reports of tether being "market manipulation" to "artificially prop up the price of bitcoin" in 2017.
Define a motive behind the public being bombarded with false stories about quantum supremacy being achieved. Another inaccurate media report trend which crashed the market value of crypto on more than one occasion.
Give me a better explanation for these aspects of history.
China reserved virtually all of its crypto related bans for occasions when bitcoin's price peaked at an all time high. They timed their bans with BTC ATHs. Or for cases where bitcoin's price began to breakout of sideways trading. If that doesn't illustrate a motive, what does.