What is going to happen Biden orders remove of Chinese-owned crypto Miner?

[Ojinga]

They'll probably just move or if the US government is right about their suspicion that it's used by the Chinese government to spy on other people, that can only mean that they're going to not have any effect to the bitcoin network because it wasn't built to be a bitcoin mining facility at all, it was a front to spy on the airbase that it's probably targeting, that's probably how it's going to be, I do hope though that it's really is nothing and that it was a suspicion after all and that it was just a bitcoin mining company that was a Chinese and was at the wrong place at the wrong time.

I don't think the Chinese are there to spy on the US. For my understanding before the Chinese got there they were an agreement between the two of them so the crypto Chinese being at the farm base facility their was a settlement conditions. But on the line with the process the US started noticing some things so they've to stop them for security purposes, the mining facility are not targeting anyone all we should just know is that the Chinese company are not their to plan anything for the US government.

[el kaka22]

Using this much power is not acceptable for a foreign company, doesn't matter if they are willing to even pay taxes for it, it is just not acceptable. Because, they are basically saying that they are willing to pay to get all the energy out of that place, and make mining income, which means it will be profitable, and take all that money back to mainland China. I think Biden would make a good decision by just limiting the way mining can be done, it has to be renewable energy otherwise it doesn't look all that great to me.

As long as we do not force people to do renewable energy for bitcoin mining (or any mining) then we are going to have energy issues, we should definitely force all mining companies to generate their own energy.

[spectre71]

Using this much power is not acceptable for a foreign company, doesn't matter if they are willing to even pay taxes for it, it is just not acceptable. Because, they are basically saying that they are willing to pay to get all the energy out of that place, and make mining income, which means it will be profitable, and take all that money back to mainland China. I think Biden would make a good decision by just limiting the way mining can be done, it has to be renewable energy otherwise it doesn't look all that great to me.

As long as we do not force people to do renewable energy for bitcoin mining (or any mining) then we are going to have energy issues, we should definitely force all mining companies to generate their own energy.

Never ever ever invite government into your business, they never do anything good.

So what, if they legally have a company here and they consume the power an pay for it who cares.

If they make a profit, cool, that's how business work. They employ americans and american made power.

Let me educate you on your thinking.

https://www.youtube.com/watch?v=JM1L3Lobdsk

[Cryptoprincess101]

United States President Joe Biden has signed an order preventing a China-linked crypto mining firm, to see more of this News you can click in the link below

Stop spreading propaganda, the news says

United States President Joe Biden has signed an order preventing a China-linked crypto mining firm from continuing to use land near a Wyoming nuclear missile base.

It is related to national security and does not specifically target mining farms, and the same will apply to all investments, so whether you think the decision is right or not, it is not related to cryptocurrencies.

I was surprised as well to see this in bitcoin discussion, this is more of security related matters instead of cryptocurrency however Biden reasons for signing the order was for security reasons because America doesn't joke with anything about security concerns that is why Biden signed the order. So bad some people don't read the real content of a news before they give their opinion. SMH
This topic should be moved to off topics

[legiteum]

Never ever ever invite government into your business, they never do anything good.

Based on your comments here, it would appear that you are fine with the Chinese government and the Iranian government being involved in business in the US, just not the American government preventing them from doing so. Interesting....

The Trump administration would have done the same thing, so you should actually be okay with what Biden is doing here.

[davis196]

United States President Joe Biden has signed an order preventing a China-linked crypto mining firm, to see more of this News you can click in the link below 👇👇👇

https://cointelegraph.com/news/biden-orders-removal-chinese-owned-crypto-miner-near-missile-base

But what the president is doing i don't think, is going to end well with Chinese this is going to affect their business over there and more people. Even if they move out crypto at missile base it'll surely not change anything cause the Chinese crypto are really helping out there. I don't know what's your opinion towards this? Or maybe the Chinese are trespassing?

The short answer is one. Nothing! Nothing is going to happen to Bitcoin and the crypto industry in general.
AFAIK, the US authorities want the crypto mining firm to relocate it's facilities. They aren't shutting down the mining firm, they just want it to change it's location. This is some useless FUD/"fake drama"/clickbait news by Cointelegraph. I don't know whether or not the Chinese are spying on the US military base near them. Maybe they do. In that case, the decision made by the US authorities is completely right.

[Ojinga]

United States President Joe Biden has signed an order preventing a China-linked crypto mining firm, to see more of this News you can click in the link below 👇👇👇

https://cointelegraph.com/news/biden-orders-removal-chinese-owned-crypto-miner-near-missile-base

But what the president is doing i don't think, is going to end well with Chinese this is going to affect their business over there and more people. Even if they move out crypto at missile base it'll surely not change anything cause the Chinese crypto are really helping out there. I don't know what's your opinion towards this? Or maybe the Chinese are trespassing?

The short answer is one. Nothing! Nothing is going to happen to Bitcoin and the crypto industry in general.
AFAIK, the US authorities want the crypto mining firm to relocate it's facilities. They aren't shutting down the mining firm, they just want it to change it's location. This is some useless FUD/"fake drama"/clickbait news by Cointelegraph. I don't know whether or not the Chinese are spying on the US military base near them. Maybe they do. In that case, the decision made by the US authorities is completely right.

but they don't know if the Chinese are spying on them yet. What he the US authorities did, it's for their own safety purposes so I won't say they're wrong. It seems they're moving out from the military Base area and locating to a better place, my question is that, are the Chinese crypto mining farm moving out totally from US? Cause if they're moving out totally it's gonna affect the Bitcoin and crypto industry in general. So for now what the US are doing it's for their own safety.

[yazher]

To a far extent, the US government are right in they decision to move the mining farm away from a military base, this is not debatable at all since it matters of security intelligence.
Having a military based and a bitcoin mining farm in the same location will lead to a more severe security challenge in the future, so it better to prevent that from happening as soon as possible, this is not about the United States government and Chinese government.

Obviously, this is a fair reason and if China wanted some explanations, then this is enough for them since this is not gonna make them waste their money rather they are just being warned right now not to do anything funny regarding their intelligence. It could be used for monitoring their moves and countering them whenever a war breaks out between these two heavyweight countries the US doesn't want that to happen and neither any country in the world will let such foolish things except their leaders are fools. But the sad thing is, that crypto will be highlighted and used to confuse investors once again.

[pooya87]

Based on your comments here, it would appear that you are fine with the Chinese government and the Iranian government being involved in business in the US, just not the American government preventing them from doing so. Interesting....

Isn't that the definition of Economic Liberalism inside a Democracy? Or was it all lies told to the sheeple to lull them into thinking they aren't subjects in a Neo Dictatorship regime?

[legiteum]

Isn't that the definition of Economic Liberalism inside a Democracy? Or was it all lies told to the sheeple to lull them into thinking they aren't subjects in a Neo Dictatorship regime?

I guess what Xi and Putin want is for people to be convinced that their dictatorships are the same as our democracies...

[electronicash]

Based on your comments here, it would appear that you are fine with the Chinese government and the Iranian government being involved in business in the US, just not the American government preventing them from doing so. Interesting....

Isn't that the definition of Economic Liberalism inside a Democracy? Or was it all lies told to the sheeple to lull them into thinking they aren't subjects in a Neo Dictatorship regime?

that's China's part of being overcapacity. who buys such land now with the kind of real estate market today? the mining farm will be forced to sell the land for the cheapest price. but i'm guessing this is part of their suspicion that there will be a Chinese hacking attack and it may come from that mining farm, remember this is a security concern since it's near the military base.

that mining farm might as well move to Venezuela where there is cheap oil to run the entire company.

[stompix]

Even if they move out crypto at missile base it'll surely not change anything cause the Chinese crypto are really helping out there.

Helping what with what?

I don't think the Chinese are there to spy on the US. For my understanding before the Chinese got there they were an agreement between the two of them so the crypto Chinese being at the farm base facility their was a settlement conditions.

From what did you draw those conclusions?

MineOne purchased the land that is within one mile of the Air Force base in Cheyenne in 2022, and according to CFIUS, the purchase was not reported to the committee as required until after the panel received a public tip.

Any purchase or change of ownership is areas deemed sensitive by the government is meant to be approved before the transaction happens, the mining company never filed for that approval so they have been ordered to disinvest from that area as they have never legally owned anything there!

I guess what Xi and Putin want is for people to be convinced that their dictatorships are the same as our democracies...

Don't bother, he truly thinks Iran is a world superpower and the only true democracy in the world, the level of brainwashing they apply there is out of this world!

that mining farm might as well move to Venezuela where there is cheap oil to run the entire company.

If things are so great in Venezuela and China, why does the US have the largest hash rate and Venezuela zero while China even banned it?
Funny how everyone says China is great, the US is bad, but every Chinese company wants to do business in the US, not in SHITS, oh my bad BRICS!

[spectre71]

Never ever ever invite government into your business, they never do anything good.

Based on your comments here, it would appear that you are fine with the Chinese government and the Iranian government being involved in business in the US, just not the American government preventing them from doing so. Interesting....

The Trump administration would have done the same thing, so you should actually be okay with what Biden is doing here.

No. You don't want the government in ANY business. It's always comes it disguised as something helpful and eventually mutates into it's intended malicious intent.

Biden does give a rats ass about security, that's a fact. We have a coordinated narrative that Warren is on with "security" and Iran.  It's about the money, they can't manipulate BTC. 

[cryptosize]

Never ever ever invite government into your business, they never do anything good.

Based on your comments here, it would appear that you are fine with the Chinese government and the Iranian government being involved in business in the US, just not the American government preventing them from doing so. Interesting....

The Trump administration would have done the same thing, so you should actually be okay with what Biden is doing here.

No. You don't want the government in ANY business. It's always comes it disguised as something helpful and eventually mutates into it's intended malicious intent.

Biden does give a rats ass about security, that's a fact. We have a coordinated narrative that Warren is on with "security" and Iran.  It's about the money, they can't manipulate BTC. 

 

[pooya87]

Based on your comments here, it would appear that you are fine with the Chinese government and the Iranian government being involved in business in the US, just not the American government preventing them from doing so. Interesting....

Isn't that the definition of Economic Liberalism inside a Democracy? Or was it all lies told to the sheeple to lull them into thinking they aren't subjects in a Neo Dictatorship regime?

that's China's part of being overcapacity. who buys such land now with the kind of real estate market today? the mining farm will be forced to sell the land for the cheapest price. but i'm guessing this is part of their suspicion that there will be a Chinese hacking attack and it may come from that mining farm, remember this is a security concern since it's near the military base.

that mining farm might as well move to Venezuela where there is cheap oil to run the entire company.

You don't run a mining farm on oil, you run it on electricity and electricity isn't generated using oil. The electrical grid of Venezuela has had issues in the past so I wouldn't call it the most reliable and that is very important for an investor who wants to start such a business in another country.

As for the "real estate", I can't comment on it. The individual/businessmen who made the decision have to answer that. But that doesn't change the fact that actions against these individuals that have nothing to do with the Chinese government is against Economic Liberalism that US regime lies about having.

There is absolutely no "security concern" here either. That's just bullshit. As I said before, if China wanted to spy, hack or attack anything in US mainland they'll just send another balloon that US military won't even detect like last time instead of using the most obvious origin which is the bitcoin mining farm!!!

[legiteum]

[picture of Reagan not repeated]

Did you actually just quote Ronald Reagan in aid of surrendering our country to China and Iran? Have you no shame?

No. You don't want the government in ANY business. It's always comes it disguised as something helpful and eventually mutates into it's intended malicious intent.

Biden does give a rats ass about security, that's a fact. We have a coordinated narrative that Warren is on with "security" and Iran.  It's about the money, they can't manipulate BTC. 

What China, Russia, Iran and other countries like them run are not "businesses" like the ones we run here in our democracies. You can't compare an action taken against our enemies to domestic regulation of private business.

And if Biden is manipulating the BTC price, he's doing an awesome job, since... (yes, this bears repeating), Bitcoin went up 500% under president Biden.

[Crypt0Gore]

But what the president is doing i don't think, is going to end well with Chinese this is going to affect their business over there and more people. Even if they move out crypto at missile base it'll surely not change anything cause the Chinese crypto are really helping out there. I don't know what's your opinion towards this? Or maybe the Chinese are trespassing?

The mining facility is close to a US Air Force Base that houses intercontinental ballistic missiles. No country will want a political and military enemy to be close to such a sensitive facility. The location of this Chinese crypto-mining firm is a security threat to the US because they can easily collect sensitive information or even carry out an attack. My reservation is that didn't the land authority know that MineOne was a Chinese mining firm before the land was allocated to them. Now they are putting pressure on the crypto firm to relocate within 120 days.   

Sounds like a national security issue.

But because they just want to relocate the mining farm, they may still be in the US. The first reason why they came to the US was because there was a crackdown in China during that time. Now that China seems to loosen its belt and even approve the ETFs in Hong Kong, I think the miners will likely be going back to China.

They should go back to china, all this while now is the time that these Chinese people will start spying on the military bases? Good one Biden, they should have investigated them or kept a close watch on them first before making this decision.

This shouldn't be so hard for the country to do because they can do anything i believe, they have all the right tools they will need, it would make more sense if they spy on these mining company and caught them in the act.

I personally believe that Biden is making this up, this mining company have been there for long already, and this point is all about guesse still, for all these while there should be some proof already.

If you hate Trump so much, Biden isn't better, there are others you can vote for, like Kennedy Jr.

[pooya87]

I personally believe that Biden is making this up, this mining company have been there for long already, and this point is all about guesse still, for all these while there should be some proof already.

Exactly. They can't just shut down some legitimate business without a legitimate reason so they have to attach some fake thing to it making their actions seem legitimate. In fact this has been the US regime's pattern for years, they have already attacked many bitcoin related businesses with fake accusations such as money laundering. This is particularly getting worse these days with the regime's attacks on bitcoin mixers.

Even though regime policies don't change with the president, I have to say someone like Trump is much more radical and unpredictable than the senile Joe. After all Donald is the same man who his own chairman of the Joint Chiefs of Staff compared with Hitler before stripping him off of his powers as commander in chief;  worried he would pull a "Reichstag Moment"!