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A comment on China orders Bitcoin exchanges in capital city to close. Parent comment

Re:China orders Bitcoin exchanges in capital city to close by howlin on Tuesday September 19, 2017 @01:19PM (#15286603)
They could buy the hardware and power needed to mine new coins. This seems to be the simplest solution for someone who wants to get a couple thousand bitcoins without leaving a paper trail.
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Re:China orders Bitcoin exchanges in capital city to close by solotronics on Tuesday September 19, 2017 @01:38PM (#15286819)
there is a theory that this is the reason the majority of miners are in China. Combine cheap power from bribed officials and the mining ASICs and you have money laundering generators.
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Re:China orders Bitcoin exchanges in capital city to close by Retric on Tuesday September 19, 2017 @02:10PM (#15287225)
Buying Bitcoin ASIC miners creates a paper trail.

Manufacturing them in china let's you move money around, but you could also Manufacture anything else and just sell it in the west.

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Re:China orders Bitcoin exchanges in capital city to close by duxup on Tuesday September 19, 2017 @02:52PM (#15287679)
You gotta buy the hardware in some fashion that is deniable or hidden .... same thing with running it.

That's a lot of work.

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