Post
Topic
Board Mining
Re: Bitcoin mining’s comeback in China
by
safar1980
on 20/12/2023, 16:52:18 UTC
I find that these articles are more to attract clicks than to be something real. There is still a ban in China and without a legal regulation, so all speculation is of no use. Regardless of the reason for China’s ban on mining, Bitcoin mining on farms needs legal approval because of the ease of discovering these farms, and individual mining need space and risk, especially since I believe that the laws in China are strictly implemented.
"Analysts from the research institute Stone Center on Socio-Economic Inequality found that 91% of officials convicted of corruption within 10 years after Xi Jinping took office as Chairman of the People's Republic of China (2013) were among the 1%. richest people in China. If it were not for the income received by officials in the form of bribes, only 6% of them would be among the wealthiest Chinese."
https://www.mn.ru/smart/za-2-pyatiletki-v-kitae-otpravili-pod-sud-37-mln-vzyatochnikov-kak-ustroena-zverinaya-ierarhiya-korrupczionerov
https://osf.io/preprints/socarxiv/b3jze/download
Bribery in China still makes it possible to bypass all legal prohibitions on mining.