Hong Kong customs seize 300 CMP cards

RPGWiZaRD

[H]ard|Gawd
Joined
Jan 24, 2009
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1,160
Damn, now they will just buy normal GPUs instead but blocking mining I wouldn't personally be against if it was blocked more than nation-wide
 
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DejaWiz

Fully [H]
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Apr 15, 2005
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So, is the communist Chinese government banning regular GPUs in order to prevent them from falling into the hands of crypto miners, as well?
 

SvenBent

2[H]4U
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Sep 13, 2008
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3,245
even though I hate what the mining community has done to GPU prices i don't see China's heavy handed governmental control as a good thing either.
They should elevate electricity prices over a certain usage instead making it infeasible to operate big mining operation in the first case

instead of using resources to find mining operation they are now gaining resources and you are no longer needing to find the "Bad guys" and also worsk for massive gpu minning where as looking at CMP cards alone does not
 
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sfsuphysics

[H]F Junkie
Joined
Jan 14, 2007
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14,722
some regions China has bans on crypto mining farms. There were massive surges of electricity demand from crypto mining farms enjoying cheap electricity prices in many regions of China.
But sure keep up with the narratives of why this is being done.
 

DPI

[H]F Junkie
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Apr 20, 2013
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11,444
The words "china" and "bitcoin" in the same sentence, the headline is never be what it seems. It's not an accident that the majority of the BTC chain's processing power is in China. And every head-fake "ban on Bitcoin" they've ever proclaimed (about 7 times historically) that never followed with any enforcement action was also deliberate, because the ensuing price drops enabled major BTC holders including in the government to accumulate more.

As the world transitions to digital currency and slogs through the growing pains of the wild-west, "90's internet" phase of it, China's gaze has been focused forward past that transition with the goal of being majority controllers of it. And they'd burn every last watt at their disposal to ensure it.
 
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Joined
Dec 7, 2010
Messages
874
The words "china" and "bitcoin" in the same sentence, the headline is never be what it seems. It's not an accident that the majority of the BTC chain's processing power is in China. And every head-fake "ban on Bitcoin" they've ever proclaimed (about 7 times historically) that never followed with any enforcement action was also deliberate, because the ensuing price drops enabled major BTC holders including in the government to accumulate more.

As the world transitions to digital currency and slogs through the growing pains of the wild-west, "90's internet" phase of it, China's gaze has been focused forward past that transition with the goal of being majority controllers of it. And they'd burn every last watt at their disposal to ensure it.
So everyone subscribing to "cryptocurrency=GOOD, FIAT=BAD" is essentially just supporting China's powergrab? Nice.
Also the "90s internet" was a much better place than whatever this "new internet" ad-infested cancer is. :p
 
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