3 ms·
Isnt this just one of those headlines that isnt really true though? Like that China banned video games for kids? From the same comic sansesk article you posted
by AlwaysRock 4y ago
Isnt this just one of those headlines that isnt really true though? Like that China banned video games for kids?
From the same comic sansesk article you posted:
"Even though crypto-mining cracked down in China many miners have come out with several ways to continue the operations and escape detection. Twenty percent of the bitcoin network remains in China according to experts’ report."
Doesnt exactly seem like they have ended crypto if 20% of the bitcoin network remains there. It sounds like they cracked down on some and let others keep running.
- Animats 4y agoIt's not clear that the mining is still in China. It may look like mining is in China based on where new Bitcoins enter the network, but the mining farm may be elsewhere with the control hub still in China. Or the mining may have moved to other provinces. The big crackdown was at the provincial level, where the electrical load was substantial. [1] https://www.cnbc.com/2022/05/18/china-is-second-biggest-bitcoin-mining-hub-as-miners-go-underground.html https://www.cnbc.com/2022/05/18/china-is-second-biggest-bitc...