Quote from: awik p on Today at 03:07:16 AM

Quote from: zanezane on July 07, 2021, 10:14:00 AM

Because China is influential in the cryptocurrency industry with them recently holding the biggest mines in the world and with that the hash rate of bitcoin, and thus when they do something related to cryptocurrency, then be sure that it will affect the prices. Not to mention that they have a big population.

China does always make surprising news, this time by using its greatest strength as a bitcoin miner, China prohibits mining activities, and of course this has a big impact on the development of bitcoin. but I think this is only a problem for a moment, because it will soon grow back to normal, because on the other hand many people see this as an opportunity

After the craziest half a year, China's crypto mining entered a period of sharp turbulence from May to June. Under the attack of local governments, most of the mines were shut down. The miners who just entered the high point this year suffered huge losses. The sell-off of some miners under economic pressure also led to a sharp correction in the crypto market.
At the moment, how to dispose of this batch of down-time mining machines and minimize losses is the most urgent problem for miners of all sizes.
Going overseas is the way that miners have placed the greatest hope before, but after a period of exploration, the road to overseas is not as smooth as expected, and some small miners are still trying to stay