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Do you think it's feasible to mine bitcoin to 'export' wealth from China? Or is there a way to buy bitcoin with Renmimbi?
by adaml_623 4y ago
Do you think it's feasible to mine bitcoin to 'export' wealth from China?
Or is there a way to buy bitcoin with Renmimbi?
- ReflectedImage 4y agoChina mines 50% of all bitcoins
- Brybry 4y agoLooks more like ~20% post-ban.[1][2][3] [1] https://chainbulletin.com/bitcoin-mining-map/ https://chainbulletin.com/bitcoin-mining-map/ [2] 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... [3] https://worldcoin.org/articles/china-crypto-ban https://worldcoin.org/articles/china-crypto-ban
- ikekkdcjkfke 4y agoI wonder how many tonns of coal they burned
- tommek4077 4y agoBecause that is what you would care of if you try to bring your wealth offshore.
- csomar 4y agoThat was a big business until Xi decided to close that loophole. I am pretty sure there is some marginal mining operation in the dark in China. But the times of big miners and big flows moving out of China is over.