Dont believe every crypto headline at face value - especially when it comes to China, since they like to announce but then never enforce. Seven times since Bitcoin's inception in 2009 they've threaten to "ban" it. Zero times enforced it. Same with threatening to ban exchanges. It's pretty much been a ruse to sink the price so insiders and whales can get sale pricing on BTC to increase their stacks. China isn't stupid, they have 40% of the world's BTC and they want more.I was talking to a fellow last night for a local hardware sale who pointed out if the news about China cracking down on miners is true, that’ll increase hashing demand everywhere else making mining even more profitable in the next few months. Thus cards even more desirable and therefore scarce.
Chinese miner's aren't going anywhere.
Last edited: