Sentences with phrase «chinese bitcoin mining operations»
Instead, it focused on one proposed solution for curbing the overwhelming influence of Chinese bitcoin mining operations, which are quickly spreading on an industrial scale.
http://www.ibtimes.com/ Not exact matches
The entrepreneur explain that he «got out» of the Chinese bitcoin exchange business, and now instead focuses ambitions on an international trading platform, a mining and minting operation and a cryptocurrency wallet called Mobi.
The entrepreneur explain that he «got out» of the Chinese bitcoin exchange business, and now instead focuses ambitions on an international trading platform, a mining and minting operation and a cryptocurrency wallet
The Chinese government has already shut down exchanges in China, but it was recently reported to be taking even further measures against new forms of online trading as well as Bitcoin mining operations in the country.
If Chinese authorities indeed intend to ban Bitcoin from the country entirely, Bitcoin mining operations — both mining pools and hash power data centers — will be easy targets to shut down.On the other hand, this is not the first time that fears of China «banning Bitcoin» have been raised.
Jiang is an influential blogger and identity in the Chinese Bitcoin community, having invested hundreds of millions of RMB in local mining operations.
Plus, the Chinese government can just wake up one day and decide to crush Bitmain's mining operations due to its authoritarian nature and lack of support for bitcoin and other cryptocurrencies.
However, the growing Chinese crackdown on Bitcoin and other digital assets has raised concerns that the nation's mining operations will be forced to disband, a development that could create a huge void in the mining sphere.
Also read: Force of Will Goes Digital With Tradeable Blockchain Game Assets Influential Figure Opposes SegWit Plan Jiang is an influential blogger and identity in the Chinese Bitcoin community, having invested hundreds of millions of RMB in local mining operations.
According to online leaked documents, the Chinese government is seeking an «orderly exit» from bitcoin mining operations in the coming months with the Leading Group of Internet Financial Risks Remediation, which happens to be the country's top internet - finance regulator, issuing a notice asking local governments to force mining operations out of business by resorting to measures such taxation, electricity pricing, property law and environmental regulations.