Post
Topic
Board Bitcoin Discussion
Re: How could bitcoins survive further
by
L lawliet
on 15/10/2018, 00:56:45 UTC
The Chinese government plans to close Bitcoin miners as part of the last firm action against crypto money. On January 10, the Leading Group of Internet Financial Risks Remediation requested that the Chinese regional government make an "orderly way out" of this industry.
This news is important because Chinese miners account for around 60% of the total Bitcoin worldwide, making it the largest Bitcoin mining country in the world. The fact that most Bitcoin mining takes place in China can bring chaos to the Bitcoin community.