follow us on twitter . like us on facebook . follow us on instagram . subscribe to our youtube channel . announcements on telegram channel . ask urgent question ONLY . Subscribe to our reddit . Altcoins Talks Shop Shop


This is an Ad. Advertised sites are not endorsement by our Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise Here

Author Topic: China’s Qinghai Province Bans Bitcoin Mining  (Read 644 times)

Offline LazY

  • Sr. Member
  • *
  • Activity: 384
  • points:
    8656
  • Karma: 22
  • Trade Count: (0)
  • Referrals: 0
  • Last Active: August 16, 2021, 08:16:49 PM
    • View Profile

  • Total Badges: 19
    Badges: (View All)
    10 Posts First Post Third year Anniversary
China’s Qinghai Province Bans Bitcoin Mining
« on: June 09, 2021, 05:42:17 PM »
Qinghai has become the latest Chinese province to clamp down on Bitcoin mining.

According to a document shared by China-focused cryptocurrency outlet 8BTCNews, miners have been ordered to stop setting up new cryptocurrency mining projects.

Coinbase
All existing mining operations will be suspended by the government.         

Unscrupulous mining farms masquerading as big data centers will be investigated and punished.

As reported by no link shorteningday, some miners in the Xinjiang province were ordered to immediately cease their operations earlier today, which has caused a substantial drop in Bitcoin's hashrate.

Thomas Heller of Compass Mining tweeted that the news was "huge" for the mining industry since Xinjiang is the main destination for mining during dry seasons.

More info

Altcoins Talks - Cryptocurrency Forum

China’s Qinghai Province Bans Bitcoin Mining
« on: June 09, 2021, 05:42:17 PM »

This is an Ad. Advertised sites are not endorsement by our Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise Here


 

ETH & ERC20 Tokens Donations: 0x2143F7146F0AadC0F9d85ea98F23273Da0e002Ab
BNB & BEP20 Tokens Donations: 0xcbDAB774B5659cB905d4db5487F9e2057b96147F
BTC Donations: bc1qjf99wr3dz9jn9fr43q28x0r50zeyxewcq8swng
BTC Tips for Moderators: 1Pz1S3d4Aiq7QE4m3MmuoUPEvKaAYbZRoG
Powered by SMFPacks Social Login Mod