Post
Topic
Board Mining
Re: China Bitcoin mining ending are awesome news
by
btc-room101
on 22/06/2021, 10:41:45 UTC
What is really interesting is:  https://www.tomshardware.com/news/bitmain-readies-5nm-mining-asic

If the state bans mining it gives the state the power to seize any mining operations and the equipment contained therein.

Factor the two of those together and we can see what is really going on.



That's why I have said all along here its a twofer, first they  grabbed jack-ma the owner of ant, and now they can 'socialize' what they wish,

IMHO knowing china well, it will just go underground, big country, lots of places to hide, problem was they got all consolidated in the coal areas and shot up elect costs for the normal people, also of course they stole electricity, with gov looking the other way,

People here in Asia are saying "Now we get asic mining hw cheap, china will sell all", I don't think so, the chinese are the smartest people in the room, besides everybody in the city has a village home just one generation back, its not hard to go home visit and setup a rural mining op.