A crackdown on miners in China would radically reduce the carbon footprint of Bitcoin mining, increase the profitability of all the remaining #Bitcoin miners, reduce nagging China FUD, support progress toward our ESG goals, & drive up the value of $BTC. We should be so lucky…
May 21, 2021
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Saylor Moon says so! [https://twitter.com/michael_saylor/status/1395794942295953410](https://twitter.com/michael_saylor/status/1395794942295953410)
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Hello there! My name is Oktay from Tokensboss editors. I introduce myself as a business graduate and writer. I have been doing research on cryptocurrencies and new business lines for over 2 years.
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18 Comments
Is China mining actually dirtier? I thought they use a lot of hydro
Agree that it would overall be a net positive though
19k here we come
Sure but if they do it overnight prepare for a very very slow BTC. Could help the panic sellers though… cant sell if it takes days for your transaction to confirm
you don’t have the faintest clue what a china mining ban would do for the market. why wouldn’t they just move their operation over the border? they already move regularly to capture hydro in the rainy season. markets are dynamic, and so is bitcoin difficulty and price.
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And increase the block time for the rest of the current mining cycle, and the next mining cycle (proportional to how much time of the current cycle was spent at the higher hashrate).
Elon Musk”ateer” thinks other wise if what Saylor “Moon” thinks
Something I think about a lot is. What would happen to Bitcoin transactions if all of China miners went off line?
Do transactions fees increase…. Does it become easier for the little guy to use his PC to mine?
As a guy who frequents the Chinese restaurant across my apartment, I can say that the Chinese are also very much involved in the buying of bitcoin. And they are with more than a billion people, so there is that..
Haha did he replace that model ship with a gold BTC coin? That’s awesome
Make it so
Buy the Dip 🤑🤑🤑🚀🚀🚀
Buy the Dip china. 🤑🤑🤑🚀🚀
Great ! I will be able to mine on my laptop once those farms are gone !
6.25 every fucking block til 2024
few understand this concept.
Yeah sure. Lets mine in america and europe where mining is THREE TIMES more wasteful.
Oh and we beed specialized ASIC miners worth 6000$ each at 1000watts to actually mine.
Michael saylor IS a con artist that lost 95% of his money in the dotcom bubble and is using bitcoin to propel his agendas.
He is not our friend, hes a 2020 bandwagoner making money off of us
China CCP just bought large quantities of Bitcoin!!!!
No it wouldn’t.