Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
...snip image ...
copy-paste image to google translate ... grmblblbl doesn't work dammit
The title: emergency announcement to ban bitcoin mining
Details are basically to notice any sub power stations to stop providing electricity to bitcoin minging business. any violators will be punished (get their power generation license revoked aka kicked out of business).
Soon we'll find some cheap asic miners on ebay ...
It's just from one electricity company in one of 33 provinces in China.
Unless the ban expends to other provinces, you won't find any cheap miners on sale.
maybe Sichuan's loss can be turned into Southern or Occupied Mongolia's gain. (sorry won't call it 'Inner')
https://twitter.com/VJMallet/status/930228216068837376
https://www.ft.com/content/86db7612-c822-11e7-ab18-7a9fb7d6163e
China coal glut threatens to create $90bn in stranded assets
Report predicts huge losses on investments as country shifts to renewable energy
edit/add conspiracy: maybe Kangding is just too damn Tibetan for the centre to countenance. easier to mine with the more docile Mongolians to use up all that coal...