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.

I almost fell off the chair laughing bro haha.
Well and then China will do their own cryptocurrency? Aren't they are being too much because they are neglecting the technology and then using it their own, if Satoshi is alive and make the blockchain as a patent, china won't have a chance in crypto, and they will be using their own traditional money till year 3000.
Grin

They're just good at taking properties that not their own and restricting things that agaist their govenment. Bad.