Bitcoin Garden Forum

Cryptocurrencies => Mining => Topic started by: sabrina8089 on January 10, 2018, 07:53:25 AM

Title: China is Allegedly Considering Banning Bitcoin Mining
Post by: sabrina8089 on January 10, 2018, 07:53:25 AM
(https://i0.wp.com/www.coinstaker.com/wp-content/uploads/2018/01/btc-mining.jpg?resize=768%2C428&ssl=1)

According to reports, China is on the verge of halting bitcoin mining in the next few months to come. The Chinese government is allegedly worried about pollution and other possible outcomes that could arise should investors lose their money which they have invested in the mining of this virtual coin.


Know more here: https://www.coinstaker.com/china-allegedly-considering-banning-bitcoin-mining/
Title: Re: China is Allegedly Considering Banning Bitcoin Mining
Post by: BlockTechnology on January 12, 2018, 12:22:32 AM
 China can affect the cost of bitcoin, because there are a lot of bitcoin miners there. China along with the USA and Russia has a large turnover of money and great influence.
Title: Re: China is Allegedly Considering Banning Bitcoin Mining
Post by: shibob on January 13, 2018, 06:26:33 PM
They're considering but I think it could be hard.
Title: Re: China is Allegedly Considering Banning Bitcoin Mining
Post by: BitSat on January 13, 2018, 07:13:44 PM
Quote from: shibob on January 13, 2018, 06:26:33 PM
They're considering but I think it could be hard.
Yea its very hard for them to ban this just because of this too much rumors about this issue around here for some time
Title: Re: China is Allegedly Considering Banning Bitcoin Mining
Post by: Coindgr on January 30, 2018, 09:08:13 PM

For me it looks like market manipulation news
Title: Re: China is Allegedly Considering Banning Bitcoin Mining
Post by: lippiestick on April 06, 2018, 03:30:19 PM
I think that would be hard for them considering how advanced technology is today and how secure Bitcoin is. For instance, a friend of mine who recently flew to China was able to access and post to Facebook (he used VPN) without any problems. So I guess a total ban would be really difficult.

But knowing how strict the Chinese government is, and God knows what could happen to you (especially if you're a foreigner) thrown into prison there, then I probably won't even consider mining should it be banned. LOL.