China banned mining!!!

hairygrape
hairygrape

CHINA BANNED BITCOIN MINING

ITS GONNA DUMP!!!

All urls found in this thread:

veekyforums.com/thread/4354548/business

BinaryMan
BinaryMan

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

Nojokur
Nojokur

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

Illusionz
Illusionz

is this confirmed?

Fried_Sushi
Fried_Sushi

they banned power to miners.

MPmaster
MPmaster

What do you mean ? Electricity?

Spamalot
Spamalot

This is overall bullish. Bad news for BCH though

takes2long
takes2long

bch can survive a hash power dump better than btc

Poker_Star
Poker_Star

man its fake

Deadlyinx
Deadlyinx

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

Sharpcharm
Sharpcharm

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

Burnblaze
Burnblaze

should I dump BCH now?

eGremlin
eGremlin

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

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

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

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

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 veekyforums.com/thread/4354548/business

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

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

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

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

Dreamworx
Dreamworx

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

Lord_Tryzalot
Lord_Tryzalot

priced in

Sir_Gallonhead
Sir_Gallonhead

Maybe they kept it a secret until now?

SomethingNew
SomethingNew

Which is basically the same as banning miners.

likme
likme

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

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

ITS GONNA DUMP!!!
DUMP of cheep mining eqipment

Poker_Star
Poker_Star

choke on a bag of niggers you filthy dog boiler.

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