stop doing it yourself, read my post.

It's just from one electricity company in one of 33 provinces in China.
Unless the ban expends to other provinces, you won't find any cheap miners on sale.

https://upload.wikimedia.org/wikipedia/commons/thumb/4/46/China_provinces.png/450px-China_provinces.png

The title: emergency announcement to ban bitcoin mining
Details are basically to notice any sub power stations to stop providing electricity to bitcoin minging business. any violators will be punished (get their power generation license revoked aka kicked out of business).

There is no such thing as magic internet money. Amazon received the fiat from stolen credit cards and shipped you the products. simple as that.

1/11/2017 is the dead line given by China authority, major Chinese Exchangers are going to shutdown tomorrow.
Any one telling you something is re-opening in China or China gov is secretly allowing crytos trading or Chinese unicorn is farting out new exchangers, are fudders.

okcoin.cn:
"从10月31日24时起，OKCoin币行(www.okcoin.cn)将停止人民币和比特币交易，大家可以随时提现人民币至自己的银行卡；对于数字资产，大家也可以提现至其他平台或钱包。"
"from 31/10 24:00 okcoin.cn stops CNY/BTC trading, go withdraw now!"

huobi.com:
"公告：关于火币网(www.huobi.com)10月31日停止交易的公告"
"huobi.com stop trading after 31/10"

btcchina.com:
"2. 比特币中国将按照9月14日公告所示，准时在9月30日中午12:00关停一切交易，包括人民币和数字资产的交易，以及币币交易；
3. 平台数字资产及人民帀的最终提现截止时间为10月30日中午12:00；用户如不想保留数字资产，请尽快兑换成人民币再进行提现；"
"Last warning, deadline for you to withdraw is 30/10 mid 12:00"

Some of these exchangers recently registered aboard with new domains trading USD Tether/BTC pairs, they don't accept CNY deposit nor Withdrawal, they might not even accept clients from China and US. in fact, they can't even accept USD deposit directly, that's why they go for Tether. such as:
huobi.pro by huobi.com
okex.com and okcoin.com by okcoin.cn
etc..

Remind everyone here, these fake foreign exchangers are operating under the same people in China, China gov can raid them over night. be caution trading on any of them. tether.to is also risky to be cracked down by the US authority just like btc-e code, using ".to" domain to get away from domain seizing by FBI & VeriSign is good but that's not enough, use it at your own risk.

https://www.wired.com/images_blogs/threatlevel/2012/03/unclesam.jpeg
https://www.eff.org/files/styles/large/public/2017/03/17/screen_shot_2017-03-17_at_92837_am.png
https://www.cryptocoinsnews.com/wp-content/uploads/2017/07/BTC-Seized.jpg

They can sell through p2p trading in China or sell to foreign buyer / exchanger and receive the payment in their offshore bank account.

For now, most Chinese is simply out. the rest is using localbitcoin like websites to do p2p trading.

China is a capital control country you know? if you can't trade for CNY, then it has nothing to do with China anymore.
NO USD/EUR/CAD/GBP/JPY/etc goes in nor comes out from China. Chinese used to buy Bitcoin in China and dump aboard to bypass the control, this is one of the many reasons of the ban.

I gave you word by word translation and fact up there, but if you don't want to wake up, fine.

no one is coming back, you have been fooled.

We sure can know what is going on in China, exchangers are banned, this simple. want to know about more? read it: "Big News From China" is spreading false information, Exchangers are banned !
https://bitcointalk.org/index.php?topic=2320265.0

No it is not. you have been fooled by the op. read this:

"Big News From China" is spreading false information, Exchangers are banned !
https://bitcointalk.org/index.php?topic=2320265.0

Exactly! there is only ban and no such "re-open" thing. they are all closing down in 3 days before 1/11/2017.

Yo fuder. here is the info you asked, you are welcome.


http://www.miit.gov.cn/n1146290/n4388791/c5781140/content.html

"中国人民银行 中央网信办 工业和信息化部 工商总局 银监会 证监会 保监会 关于防范代币发行融资风险的公告 04/09/2017" Announcement issued by "People's of China Central Bank, Internet Information Regulation Office, Office of the Ministry of Industry and Information Technology, Trade and Industry Bureau, Banking Regulatory Commission, Securities Regulatory Commission, Insurance Regulatory Commission 04/09/2017"

"三、加强代币融资交易平台的管理
本公告发布之日起，任何所谓的代币融资交易平台不得从事法定货币与代币、“虚拟货币”相互之间的兑换业务，不得买卖或作为中央对手方买卖代币或“虚拟货币”，不得为代币或“虚拟货币”提供定价、信息中介等服务。"
Chapiter 3,
Since the day of this announcement, any kind of so called cryptocurrencies exchange
shouldn't provide fiat CNY <--> cryptocurrencies nor cryptocurrencies <-> other cryptocurrencies trading service,
shouldn't sell/buy cryptocurrencies,
shouldn't set/provide price index for cryptocurrencies,
shouldn't act as trading escrow (p2p) neither.
cryptocurrencies = all kinds of cryptocurrencies, bitcoin, altcoins, shitcoins, ico scam coins, myass coin, fud gold, fake money, talkbitcoin fuddermonies or whatever..


Exchangers should be thankful to be given some delay (until the end of this month) to close down and clear the house and refund client's fund.
Now, you cool?

In fact, they can't be called as China's exchange at all, they are not registered in China and doesn't support CNY deposit/withdrawal. which means no average Chinese traders at there.
The only thing China related is the exchange is running by Chinese in China.

you can think as this: some American registered an exchange at HongKong and only do EUR deposit/withdrawal/trade and doesn't / can't accept any kind of fund from/to America (say America used the same capital controls as China's).
Is it an American exchange then? compare the differences between this exchange and coinbase/gemini.

I dont know people are so dump these days, can't even check for the public announcement on the website frontpage.

https://www.btcchina.com/ such a huge banner of "shutdown announcement" on the frontpage, pick eng at the bottom-right then you can see english version of details.
https://www.huobi.com/ on the middle of frontpage, " 公告：关于火币网（huobi.com）停止所有虚拟货币交易业务的公告" --> Announcement: huobi.com about to shutdown all virtual currency trading
https://www.okcoin.cn/t-2510731.html "OKCoin币行网(okcoin.cn)关于停止人民币交易业务的公告" --> Announcement: okcoin.cn stop virtual currency/CNY trading
etc..

All Chinese exchangers have disabled user registration and fiat deposit since last month, they are all going to completely shutdown before 1 November (stop trading & withdrawal).

I told you already, here is not about price or market talk, its about pointing out that the post of "Big News From China" is spreading false information.

You are totally wrong. there is no "a lot of people telling this and that".

China did ban exchangers, and exchangers have all made public announcements of shutdown process on their front pages. and you are still "confuse" if its true?

I don't care about the market influence neither, i see someone trying to spread FUD about huobi is re-opening and "China is not banning anymore", that's why i make this fact clear.

You are being fooled by this false information. China banned exchange and nothing has been changed.


"Big News From China" is spreading false information: https://bitcointalk.org/index.php?topic=2320265.0

Why are you lying to the fact? and blamed someone who wakes you up from the fake sweet wet dream..

Huobi is banned in China. No exchange of BTC / CNY Legal Tender (bank wire, third party payment etc) is allowed to operate in China.

The current running exchanges e.g. okcoin, huobi, btcchina etc are all going to close down this month before the final limit date given by the government.

Those Chinese exchanges can register abroad e.g. in Hongkong, Singapore, Japan, Virgin Islands or whatever low tax lite regulation countries, and running with BTC / NON-CNY currency pair. the case in the post "Big News From China", huobi.com registered abroad with a new domain huobi.pro, running with btc / usd tether to bypass China gov's ban. it has nothing to do with China.

Will it work? may be, may be not. For how long is a question.
usd tether is just like btc-e code or Liberty Reserve waiting to be cracked down by the US Authority.
The whole fake foreign but real Chinese companies like huobi.pro or okcoin.com etc are all operating in China, maybe even by the same group of people in the same office and the same room. China gov surely can raid them over night.

US gov already showed us this with btc-e, which its even worse that they hunted the russian admin down in Greece. compare to this, China has prefect authority.

In conclusion, exchange of bitcoin or any crypto for fiat or reverse is banned in China. stop spreading false information.