Daily: China Mining Ban? Crypto $763B Marketcap Cap!!!!

in bitcoin •  7 years ago 

Rumors are floating around that China wants to ban Cryptocurrency mining. Cryptocurrency markets hit a cap of 763 Billion dollars.
0:58 Market Analysis
4:58 Will China Ban Mining?
7:02 Sneaky Crypto Malware Miners Are Targeting Ad Networks
8:40 South Korea Law Firm Fights New ‘Unconstitutional’ Crypto Trading Regulations

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I have heard of some websites making users agree to permitting servers access computing power to mine crypto while users are accessing the network. This is apparently happening on free to play, free to download sites.

I have not seen this personally but this is what I have heard from friends I trust, has anyone seen this? Would you allow them to access your computing power, in exchange for free torrents per se?

I wouldn't.

Man China FUD, it's been a thing, still

it will be interesting to see how trading of crypto currencies will be halt.

Great post man Very informative and interesting......

Lol ...am just wondering...it's gonna be interesting

nice video @boxmining
thanks for shere friend

great video, nice post, like tish post, thanks for sharing up voted

Basic economics, supply and demand. Cut the supply, BTC will explode in price. Simple. The need for BTC worldwide is insane! By reducing the supply, you will only force prices upwards, as China DO NOT own Bitcoin project. Imagine Intel going bankrupt. Imagine what would happen to AMD's products and shares.

  ·  7 years ago (edited)

Doesn’t China have an off switch? Their government is terrified, ok, next......

that could be bad, asian market is one of the top if not the top :( we see how it goes, maybe they can issue their own CRYPTO

lol, china

Well, lets hope they only tax/ban the physical mining in China then and not the selling of the mining Hardware.

how do you think or your prediction about bitcoin price in 2018 whether it will be increasing or going down.
I just want to survey some people's opinions

Bitcoin has now come of age. It is no longer a small community. Banning bitcoin or any crypto currencies won't be easy. China should give its population some freedom. I personally think china tries to control every aspect of its citizen's life.