The plugs are, quite literally being pulled out by government officials - to save the world from coal powered crypto
https://www.globaltimes.cn/page/202106/1226598.shtml
https://www.france24.com/en/live-new...ining-industry
leaving these two chaps and a few others, not in the cold anymore but out in the warm sunshine
SO.... if Crypto mining ceases enormously in China, in theory the volume of its creation will slow. Maybe the price would rise?
Except its not REALLY about saving the coal and saving the CO2 emmisions - its about controlling currency and ensuring taxation and so all that crypto hit the markets and the prices have tanked


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Crypto creation is fixed for Bitcoin, Ethereum and any of the other crypto currencies I know of. The reduction in mining rate will just mean that it takes less "effort" for the remaining miners to earn. However with the recent price reductions there probably isn;t more profit for those that are left.
