"Bitcoin to remain profitable in China as long as it's price stays above $6925"
How long until the hash rate
crashes?
express.co.uk/finance/city/902724/bitcoin-mining-China-Bloomberg-New-Energy-Finance-electricity-cryptocurrency
Bitcoin mining shutdown
Angel Baker
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Adam Hill
What a pointless waste
James Bailey
about the same time they commercialize quantum computers for my 4d porn
Cameron Gomez
Governments don't even need to ban the things, smart guys ran off with all the money a month ago.
Charles Sanders
what is more interesting how is bitmain an rest cashing out with all exchanges banned in china.
Jordan James
okay less supply not a problem
Anthony Murphy
Whats the bad thing about the hashrate crashing? The difficulty will adjust and txn speed will stay the same. Miners will get JUSTed but they will probably just cuntinuing to mine and wait for better days
Christopher Wright
Is the FUD mine really this desperate? Default is 1 antminer s9. Assuming electricity costs are 1/2 the average in the US, BTC has to drop by a factor of 5.57. After doing the math that comes out to $1152. The absolute state of journalism boggles the mind.
t. former miner/trader who sold his cards at 2x new and dumped his stack at 14k BTC avg.
whattomine.com
Daniel Clark
>remain above 6925$
It's well below that by now, does that mean chinese miners are now going to seppuku?
Connor Phillips
>Less miners
>difficult decreases
so whats the problem?
Nathan Bennett
Difficulty on BTC core takes 3 weeks to adjust. Prepare you anus.
Christopher Gomez
offshore companies.
Andrew Cox
there are probably some private offshore whale exchanges. wouldn't worry too much about them cashing out
Logan Gray
>CHAIN DEATH SPIRAL
these places run green many months, you'd expect them to run at least a month of losses before they pack it up. and i thought mining was already banned in china?
Adrian Parker
Are my bags heavy, filthy weeb lao wai?
Zachary Allen
>wanting quantum computers for porn
>not for playing Dwarf Fortress instead
Austin Martin
inb4 these chink whales get tossed in prison and having their btc redistributed to peasant people
David Nelson
They say they're going to ban it so the price crashes so they can buy BTC for cheaper. They've done it like 4 times now. Only thing that's different this time around is India's banning it, or at least saying they're going to.
Juan Parker
I wonder if I could get a cheap 1080 now
Landon Miller
>implying china is communist
>implying communism benefits peasant scum
WEW
E
W
Adrian Hill
Does 1.5x over new for a card I've been raping for a year and a half count as cheap?
Isaac Scott
No, we won't. election is coming. Ruling party won't risk. People already angry about Demonetization and Price hike and extra Taxes.
William Campbell
you need to learn to seperate what headlines say compared to what is actually said.
India never said they were banning.
Joshua Nelson
Was it 2x or 1.5x? or do you live in a vivid memory like those in century village.