Actually more bad news than good.
The reason mining was so profitable their cheap subsidize electricity.
That is over , rate will be at least .07 per kilowatt and most likely higher and a tariff charged on all imported ASICS.
Don't forget , nothing stops them from later outlawing it and then seizing the ASICS for their own use.
The reason mining was so profitable their cheap subsidize electricity.
That is over , rate will be at least .07 per kilowatt and most likely higher and a tariff charged on all imported ASICS.
Don't forget , nothing stops them from later outlawing it and then seizing the ASICS for their own use.
the plan was never to prevent miners from mining. the plan was to take their cut from it from day one, just like any other country and their tax man
this means the cost of electricity for these miners will not be that much higher, there profit will surely reduce compared to when they were stealing electricity but it still will remain high enough for them to continue.