China to shut down over 90% of its Bitcoin mining capacity after local bans

DJPaulyD

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Looks like we going down boys.

Now is a good time to buy USDT and get ready for those bargain basement black friday prices

Code:
https://www.globaltimes.cn/page/202106/1226598.shtml
 
I hope this is not a joke

Hasnt China been supporting Crypto since the start or what?
 
they have their own currency now
it's controlled ofc
 
Good finally they can f off
Now they wont have a major impact on crypto im glad were done with them
I hope you don't lose all your money along the way
 
is it one of the reason the price of Bitcoin is going down?
Its good to invest in Bitcoin now but not sure how will be the future.
 
It will be interesting to the long term impact of this one and SEC regulations on bitcoin. Defeat the purpose of decentralization
 
It will be interesting to the long term impact of this one and SEC regulations on bitcoin. Defeat the purpose of decentralization
I am confused, how its going to be, the price of Bitcoin after an year or so will it increase or decrease.
 
Great
This means i can wake up all my old machines to mine again.
This also means that the price will go up
Since there will be much demand and not enough mined btc
 
Some places have already started disassembling their units. I expect to see a large flood of GPU's on the market soon. (might be monetizable btw)
 
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