China banned mining!!!

hairygrape
hairygrape

CHINA BANNED BITCOIN MINING

ITS GONNA DUMP!!!

BinaryMan
BinaryMan

@hairygrape
Why did they only ban BTC mining and not BCH mining though?

Nojokur
Nojokur

@BinaryMan
Coupe, why do you think core people are fudding so hard?

Illusionz
Illusionz

@BinaryMan
is this confirmed?

Fried_Sushi
Fried_Sushi

@hairygrape
they banned power to miners.

MPmaster
MPmaster

@Fried_Sushi

What do you mean ? Electricity?

Spamalot
Spamalot

@hairygrape
This is overall bullish. Bad news for BCH though

takes2long
takes2long

@Spamalot
bch can survive a hash power dump better than btc

Poker_Star
Poker_Star

man its fake

Deadlyinx
Deadlyinx

@takes2long
BTC mining is about to become more profitable with these cartels gone. It will be fine

Sharpcharm
Sharpcharm

@hairygrape
Time get a pos coin aka neo. Bitcoin is a scam

Burnblaze
Burnblaze

should I dump BCH now?

eGremlin
eGremlin

@Deadlyinx
by what logic? bch minig difficulty auto adjusts now

StrangeWizard
StrangeWizard

So BTG -AKA Bitcoin GOLD is now the best DEZENTRALIZED solution for a stable coin mining.

Nude_Bikergirl
Nude_Bikergirl

@eGremlin
Everyone knows BCH is a shitcoin. This whole event now looks like an exit pump by Jihan. Lets see how much longer the price will hold up if Chinese miners are truly gone

Harmless_Venom
Harmless_Venom

@eGremlin
yeah 10minute blocks regardless

holy shit the flippening was planned by the chinese state they probably even set up core and blockstrean as a false flag. they've accumulated a huge amount of bch just like they've been doing physical gold

askme
askme

BTC gonna correct to -$6k
BCH gonna pump to +$1700

PackManBrainlure
PackManBrainlure

@askme
good. then i can dump that pos and then invest all the btc i get in acid. fuck this crypto. i'm not cut out for it.

TalkBomber
TalkBomber

get in ETH now. BTC and BCH will both dump

PurpleCharger
PurpleCharger

@Nude_Bikergirl

BCH will be unaffected by this because of the newly hard forked Difficulty adjustment algorithm.

Timing coincidence? I guess that depends how naive you are. Especially in light of /biz/thread/4354548#p4357194

That's a hell of a lot of coincidences all aligning for what looks to be one hell of a bitchslap for core.

farquit
farquit

@Deadlyinx
If all the hashrate power stops tomorrow that means BTC will take months to adjust its difficulty.

hairygrape
hairygrape

I hope this wasn't a lie, I just went all out of Bcash and all in ETH and NEO.

TreeEater
TreeEater

@Techpill
KEK

5mileys
5mileys

Even if true, the mining difficulty will adjust within days...no big deal.

Stop spreading FUD, especially since you obviously don't have a clue about how BTC mining works.

TurtleCat
TurtleCat

This isnt fake.

StrangeWizard
StrangeWizard

@TurtleCat
But it's dated 11.3.2017, why hasn't the market reacted to this yet?

Dreamworx
Dreamworx

@Fried_Sushi
Power as in electricity or power as in Power To the People?

Lord_Tryzalot
Lord_Tryzalot

@StrangeWizard
priced in

Sir_Gallonhead
Sir_Gallonhead

@StrangeWizard
Maybe they kept it a secret until now?

SomethingNew
SomethingNew

@Fried_Sushi
Which is basically the same as banning miners.

likme
likme

@StrangeWizard
Sometimes there's news that's so bad that everyone pretends nothing happened for a little while.

TreeEater
TreeEater

It’s not fake, but it’s not the whole China, just one of the states Seizchun, yeah the one who makes the seizchun sauce

Fuzzy_Logic
Fuzzy_Logic

@hairygrape
The article says the Sichuan power company has issued a warning to bitcoin mining enterprises stating that they will no longer be providing power to them because "using power to produce bitcoin" constitutes an illegal activity.
It's a single company though, no idea how important this one power provider is and if it all other will follow suit

by the way,
all these first-world neets with tons of inherited resources
not a single one of these retards has enough drive to learn the second most spoken language in the world
have to wait for a third-worlder to come translate it for them
the absolute state of Veeky Forums

lostmypassword
lostmypassword

@hairygrape
ITS GONNA DUMP!!!
DUMP of cheep mining eqipment

Poker_Star
Poker_Star

@Fuzzy_Logic
choke on a bag of niggers you filthy dog boiler.

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