Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Crypto currency Mining => Topic started by: RSRS on October 19, 2021, 05:29:40 AM
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Chinese blockchain news outlet 8BTCnews has tweeted that one of the biggest miner hosting company in China, Mclouds, will be shutting down their services for customers in mainland China and will withdraw from the region by December 31.
Another large miner leaving China
Source cited by 8BTCnews says that today, on October 18, Mars Cloud Mine, that is part of Mclouds giant, announced that it will be withdrawing mining assets and services from mainland China before end of December, following the recent ban on crypto mining activities and crypto transactions in the country.
The platform provides solutions for Bitcoin and ETH mining, as well as for Filecoin.
Miners hosting platform Mclouds will close all mining service in Mainland China by December 31. As one of the biggest miner hosting platform, Mclouds offers #Bitcoin , #Ethereum and #Filecoin miners hosting service.https://t.co/biEGHBkDx2
— 8BTCnews (@btcinchina) October 18, 2021
More Information (https://cryptonews.net/en/news/mining/2277559/)
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Chinese blockchain news outlet 8BTCnews has tweeted that one of the biggest miner hosting company in China, Mclouds, will be shutting down their services for customers in mainland China and will withdraw from the region by December 31.
Another large miner leaving China
Source cited by 8BTCnews says that today, on October 18, Mars Cloud Mine, that is part of Mclouds giant, announced that it will be withdrawing mining assets and services from mainland China before end of December, following the recent ban on crypto mining activities and crypto transactions in the country.
The platform provides solutions for Bitcoin and ETH mining, as well as for Filecoin.
Miners hosting platform Mclouds will close all mining service in Mainland China by December 31. As one of the biggest miner hosting platform, Mclouds offers #Bitcoin , #Ethereum and #Filecoin miners hosting service.https://t.co/biEGHBkDx2
— 8BTCnews (@btcinchina) October 18, 2021
More Information (https://cryptonews.net/en/news/mining/2277559/)
Even if it is true, it won't give any negative effect into cryptocurrency, its the Chinese government rules anyway.
And Mclouds Cloud mining for sure will find a right place to continue their business in the end were it could be in the other country that accepting or open into this kind of business field in online about blockchain technology.
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many thought that after the ban of the Republic of China, the price of bitcoin and the entire market would fall and cease to exist, but as we see bitcoin, all these regulators only play into the hands of the future