Quote from: NeuroticFish on Today at 05:09:06 PM

Quote from: lucky9475 on June 22, 2021, 04:36:24 AM

Now China's Xinjiang, Sichuan, Yunnan and other places have completely shut down all mines. At present, the computing power of the entire network has dropped very severely. There is no place for mining in China. Is it hiding at home?
Moreover, China's four major banks have already issued announcements prohibiting all transactions with digital self-currency. Without realizing channels, does mining still have a meaning?

1. We don't know for sure if this is indeed the case, we don't know if this is temporary, we know only whatever information we are allowed to find out.
2. Mining is a business. If a business man cannot do his business in a place, he may stop or may relocate. Mining can go well without China.
3. This world is way bigger than China. If China bans mining, it hurts temporarily, but it's good for long term. If China bans the use/trade of Bitcoin, it also hurts, but there are plenty of people in this world, Bitcoin will still be increasingly used and traded. And, as history has already shown, China bans on crypto just don't stay there forever.

It is a great thing for miners located elsewhere in the world.

I earn

0.00744750
0.00015931
0.00292845

or about 0.01053 a day

soon to be over 0.0132 a day

0.0132 = say 450 usd a day vs 358.

partner and expenses not included in this