Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
FUD? Who knows.
Tencent reported that Sichuan has issued a notice indicating that all BTC production is ILLEGAL. Thus all hydro power plants are to cut off electricity supplies or face penalty.
The second image is the supposedly "official document".
As I discussed before, those miners ship their Antminers to KangDing in Sichuan during Spring as the Himalaya melts and water flow downstream into Sichuan for cheap electricity from hydro power. Miners ship their Antminers back to coal producing region like Inner Mongolia during winter as the Tibetan plateau freezes up and electricity cost doubles. Just to note that it is almost winter now.
Edit: Just to note that this is actually "Bullish" for BTC as it will effectively kill off those Bitmain mining farms, if true, or at least increase electricity cost significantly. So that individual miners actually have a chance to mine if profitability allows.
http://8btc.com/data/attachment/forum/201711/14/183317v6w7rmbi1916l95v.png
https://pbs.twimg.com/media/DOlnUdhXcAA_Vtk.jpg
Karma much?Tencent reported that Sichuan has issued a notice indicating that all BTC production is ILLEGAL. Thus all hydro power plants are to cut off electricity supplies or face penalty.
The second image is the supposedly "official document".
As I discussed before, those miners ship their Antminers to KangDing in Sichuan during Spring as the Himalaya melts and water flow downstream into Sichuan for cheap electricity from hydro power. Miners ship their Antminers back to coal producing region like Inner Mongolia during winter as the Tibetan plateau freezes up and electricity cost doubles. Just to note that it is almost winter now.
Edit: Just to note that this is actually "Bullish" for BTC as it will effectively kill off those Bitmain mining farms, if true, or at least increase electricity cost significantly. So that individual miners actually have a chance to mine if profitability allows.
http://8btc.com/data/attachment/forum/201711/14/183317v6w7rmbi1916l95v.png
https://pbs.twimg.com/media/DOlnUdhXcAA_Vtk.jpg
Hopefully it is true and not fake news.
It's true, Chinese mining crackdown incomming. Jihan Wu didn't show up for the mining panel today at ETCsummit, he was 'sick'
