Post
Topic
Board Bitcoin Discussion
Re: China is preparing to wind down blockchain-related mining
by
aysg76
on 15/03/2021, 15:41:13 UTC
The hashrates have already reduced and miners are shifting to other places for mining and China is moving down the list of key players of Bitcoin mining.They have already said such things a lot of times and introduction of China CDBC digital Yuan which will have no utility in future.A report suggest mining rates in china are reducing drastically due to such problems by the Chinese Government to the crypto enthusiast residing there instead of collecting huge taxes from them.Bitcoin mining cannot be stopped unless 2140 when 21 million coins will be mined inspite of any actions taken by government across the globe as miners will find a optimistic solutions for them globally.