If china does so, they will miss out on a extremely profitable business - unlikely. But if they go ahead, imagine the profitability for miners on the entire planet skyrocketing. The network will suffer for a time, but surely many people will grab the opportunity to mine digital gold :)
On LTC i agree with the charismatic @haejin, Litecoin is gathering strength and not just charging like a bull :]
RE: LiteCoin (LTC): When in Doubt...It's a Triangle!
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LiteCoin (LTC): When in Doubt...It's a Triangle!
Miners have had unfair advantage for years due to heavily subsidised electricity. This is just redressing the balance. It’s good news for the network as less mining power will be centralised leading to a more decentralised network.
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you have to differentiate between Chinese people and China government. the government is literally tightening control over everything, especially finance.
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