Post
Topic
Board Bitcoin Discussion
Re: What is going to happen Biden orders remove of Chinese-owned crypto Miner?
by
target
on 14/05/2024, 17:11:46 UTC
But what the president is doing i don't think, is going to end well with Chinese this is going to affect their business over there and more people. Even if they move out crypto at missile base it'll surely not change anything cause the Chinese crypto are really helping out there. I don't know what's your opinion towards this? Or maybe the Chinese are trespassing?

The mining facility is close to a US Air Force Base that houses intercontinental ballistic missiles. No country will want a political and military enemy to be close to such a sensitive facility. The location of this Chinese crypto-mining firm is a security threat to the US because they can easily collect sensitive information or even carry out an attack. My reservation is that didn't the land authority know that MineOne was a Chinese mining firm before the land was allocated to them. Now they are putting pressure on the crypto firm to relocate within 120 days.   

Sounds like a national security issue.

But because they just want to relocate the mining farm, they may still be in the US. The first reason why they came to the US was because there was a crackdown in China during that time. Now that China seems to loosen its belt and even approve the ETFs in Hong Kong, I think the miners will likely be going back to China.