The real impact of this news, however, is yet to be seen on china's mining industry, thomas heller, former f2pool executive and now coo of bitcoin mining firm hashr8, told.
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China Announces New Blockchain Lab Initiative - Daily ... from coincentral.com
Thus, even if china does outlaw mining farms, it would not be such a bad thing for the blockchain world, after all. Bitcoin is also, by and large, made in china. Bitcoin mines like this makeshift operation located in northeast china are what keep the bitcoin network up and running.
Chinese bitcoin miners lose again after flocking to iran for cheap.
The upcoming bitcoin halving is creating a perfect storm for miners in china, who need to get more powerful rigs. Chinese bitcoin mining farms are reportedly receiving immediate cease and desist notices from authorities. Thus, even if china does outlaw mining farms, it would not be such a bad thing for the blockchain world, after all. The upcoming bitcoin halving is creating a perfect storm for miners in china, who need to get more powerful rigs.
