Post
Topic
Board Bitcoin Discussion
Re: Photos: Life inside of China’s massive and remote bitcoin mines
by
itsallpc
on 13/07/2017, 12:18:25 UTC
Until now, I don't understand why the Chinese are more interested in bitcoin then other people. We need to see more of these mining farms around the world or It will be just a matter of time until we see centralization If we could call it that way. (This is valid for exchanges as well)
It might be because they get ASIC mining machines at very low prices and also their electriity charges would also be cheap.We have already seen china dominating our bitcoin environment by just dumping and then buying bitcoins at cheap price.Thanks to PBOC because since it ha regulated bitcoin exchanges,their dominance have come to an end in bitcoin community.