Many large crypto mining operators are moving out of China

[livingfree]

This is a recycle news.

It's exhausting to see such news that's being play on by these medias and they won't stop publishing it. It has been published for a day or two and soon, there's going to be the news about it again. Not just for the next days.

But also for the next weeks to come even though it has been weeks that has past or months or even a year. Well, as for those mining operators, they're removing a huge chunk from the Chinese government and do you people think they'll just allow it to happen if it generates them sum of money?

[TokenForUs]

It is still not confirmed untill i saw it truely moved from china. If wee see from other side, its good news that they moved it outside considering that china ban crypto and could possobly shut them down anytime. Miner shut down can cause the hashrate down. Usualy the price will goes down too when hashrate down.

[Valak]

China’s renewed campaign against cryptocurrency has mining and exchange operators retreating from the country.  READ THE COMPLETE ARTICLE HERE: https://worldpublicityblog.com/index.php/2021/05/28/many-large-crypto-mining-operators-are-moving-out-of-china/

Yes. It is possible that the current condition of crypto prices is due to issues developed by the Chinese authorities. It's something bad happening to crypto. But this is all a game of issues, both pump and dump.

[hari9981]

The media is going crazy again by spreading this misleading news. The fact that so many miners are still in CN and there's no even any confirmation about that. it's just a rumor.
So many people are getting fallen on this garbage news. I think that moving out from china is not an easy task because there must be lots of analyzations.
I don't think the mining operators in china will be moving to the another country

Agree, it will be very costly to do that actions, also the news can be considered as a fud to make a market panic and have a crash later.
I dont believe any news right now, many traders too, they predict many institutions want to entry and paid the fud to buy bitcoin at cheaper price.

[tvplus006]

China’s renewed campaign against cryptocurrency has mining and exchange operators retreating from the country.  READ THE COMPLETE ARTICLE HERE: https://worldpublicityblog.com/index.php/2021/05/28/many-large-crypto-mining-operators-are-moving-out-of-china/

Such a migration of miners will only benefit the entire cryptocurrency market. The current state of affairs, when such large BTC mining capacities are concentrated in the hands of Chinese miners, carries risks for the entire crypto community, because the value of other altcoins depends on the price of BTC.

[Beparanf]

The media is going crazy again by spreading this misleading news. The fact that so many miners are still in CN and there's no even any confirmation about that. it's just a rumor.
So many people are getting fallen on this garbage news. I think that moving out from china is not an easy task because there must be lots of analyzations.
I don't think the mining operators in china will be moving to the another country

Agree, it will be very costly to do that actions, also the news can be considered as a fud to make a market panic and have a crash later.
I dont believe any news right now, many traders too, they predict many institutions want to entry and paid the fud to buy bitcoin at cheaper price.

If you read the content of the article and not relying only on the title. You will understand that they will just stop the hosting the mining pool in China due to tightening of government there which is not FUD since its really happening and Huobi officially announced it too. Its up to the people on they will comprehend the effect of this news. China has been doing this many times to crypto industry in there country since this mining pool operators are not cooperating to Chinese government. I believe operators has some fault too in this scenario.

[ILuckyGuyI]

I grant them right about doing such thing. Because China has cracked down on Bitcoin mining. And it doesn't have a bright future there also. It is better for miners to disperse to different countries.

[hari9981]

The media is going crazy again by spreading this misleading news. The fact that so many miners are still in CN and there's no even any confirmation about that. it's just a rumor.
So many people are getting fallen on this garbage news. I think that moving out from china is not an easy task because there must be lots of analyzations.
I don't think the mining operators in china will be moving to the another country

Agree, it will be very costly to do that actions, also the news can be considered as a fud to make a market panic and have a crash later.
I dont believe any news right now, many traders too, they predict many institutions want to entry and paid the fud to buy bitcoin at cheaper price.

If you read the content of the article and not relying only on the title. You will understand that they will just stop the hosting the mining pool in China due to tightening of government there which is not FUD since its really happening and Huobi officially announced it too. Its up to the people on they will comprehend the effect of this news. China has been doing this many times to crypto industry in there country since this mining pool operators are not cooperating to Chinese government. I believe operators has some fault too in this scenario.

Its my bad not read the news clearly, but as long as if theres another mining pool operated on China, its not problem to Miners on China to have low lattency mining connection right?

[GoodLuckToken]

In my opinion, many of the big mining facilities in China will probably just leave and move them to another country. It's way too profitable for them to just think "ok, well I guess we're done with that.".. There are other countries which they'll be able to setup shop in and the mining will continue. However, who knows what Musk "talked to North American miners" about specifically, and with proof-of-stake coming to Ethereum soon, we could see that start to become more popular as well..