Post
Topic
Board Bitcoin Discussion
Re: China refuses mining?
by
maianh09
on 11/04/2019, 15:48:43 UTC
China intends to abandon mining cryptocurrency by 2021.How do You think this news will affect the entire industry and what alternative countries can replace this niche?What is the cost of 1 kilowatt of electricity in your country?
https://uk.reuters.com/article/us-china-cryptocurrency/china-wants-to-ban-bitcoin-mining-traders-say-move-not-a-surprise-idUKKCN1RL0C4
China has enacted prohibitions and raised electricity prices in this country high to limit Bitcoin mining in this country. As much of the information reported from web blogs shows that Bitman, China's giant has moved its mining site to another country with a colder climate and has lower electricity prices. I believe this is not too important Bitcoin mining.