China's banning bitcoin mines soon!

in bitcoin •  7 years ago  (edited)

https://news.vice.com/en_us/article/59w5eb/china-is-about-to-kill-nearly-all-bitcoin-mining-operations-in-the-world

The goverment is shutting down the bitcoin mines. This will force the miners to search for other country's with low energy prices.

This all means that mining bitcoins will cost more money and also lead to surging of the bitcoin price (in my opinion). What do you think?

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will...what? What impact will it have? What else did you forget to include?

This will force the miners to search for other country's with low energy prices. This means that mining bitcoins will cost more money and also lead to surging of the bitcoin price (in my opinion). What do you think?

To be fair, the rumors that china was cracking down led to the $19,000 surge in the beginning of December. It's not all that surprising.

I think we'll start to see more soviet bloc nations taking up crypto mining operations.