Quote from: hugeblack on Today at 12:47:11 PM

Isn't Bitcoin mining and trading banned in China? Huh

Miners have moved from that country due to legal complications, so I don't think it will enable you to create PoW-based cryptocurrency.
If you want to create a currency better than Bitcoin, perhaps start by solving the problems of Bitcoin. Bitcoin is open source, you can see everything, and there are problems such as scalability, increased fees, and delayed confirmation times. If you succeed in solving it better than Bitcoin, there will inevitably be a demand for your currency, but unfortunately there are thousands of cryptocurrencies.

You are very familiar with China’s crypto market. You are right. Trading and mining cryptocurrencies are not allowed in China. However, many users are also participating in the crypto market. China’s financial management authorities have always imposed restrictions. .

The altcoin I need is purely hype and cannot solve actual problems. It is just to allow users to obtain this altcoin for free or at low cost. Users only need to pay a very low electricity bill to participate in mining.

As for the future value of this altcoin, it will be left to the users to decide. If the number of users of this altcoin reaches 10,000-100,000 or more, I believe the value will be very high.

In China, free mining of altcoins is a very worthwhile thing to do. Most users do not look at the immediate value and do not want to miss an opportunity to become rich.

As long as there is an opportunity to participate in mining, it will attract a lot of users to participate, and dozens to millions of users will come in to mine altcoins.
Moreover, these people are all users with spending power, and they will continue to preach and invite new users.

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