Quote from: rasho321 on November 18, 2017, 06:19:24 PM

Quote from: stompix on November 18, 2017, 06:13:52 PM

Quote from: rasho321 on November 18, 2017, 06:09:14 PM

Hi,

China has already banned ICOs and is shutting down Bitcoin exchanges. What would happen if they also banned crypto mining?

Overall nothing.
A decrease in hashrate, slower blocks till the next difficulty adjustment and then everything back to normal while miners will probably relocate to other countries.

Once this is over I will open the third beer since we will be finally done with china banning bitcoin/ico/mining and there is nothing left for them to ban.

It seems that they will switch to bch and neo in china, Do yo think it's a fake news ?

I heard that too they are switching to BCH but the official news for that is not clear so we can consider that as a rumor not fake news yet, well it is not our loss for them to ban mining because it will be their miners loss but some of them will cleverly shift their mining business most of them are going to Japan of course, Traders have been move to JP lately and now if this news is fact, the miners will go as well next to them. so probably this will effect the price and mining a bit.

Whats next if this is true? China will probably ban their citizens by saying the word bitcoin.