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A comment on Bitcoin mining hash rate drops as blackouts instituted in China. Parent comment

Re:Bitcoin mining hash rate drops as blackouts instituted in... by jabbany on Sunday April 18, 2021 @02:35AM (#26850310)
Yep. And China has done exactly that in the past when people were using crypto to launder RMB into USD.

The fact that mining operations still exist today at large scales in China means that at least the government has found a way to profit off of crypto (strategically or economically).

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Re:Bitcoin mining hash rate drops as blackouts instituted in... by matkoniecz on Sunday April 18, 2021 @03:37AM (#26850567)
> The fact that mining operations still exist today at large scales in China means that at least the government has found a way to profit off of crypto (strategically or economically).

Or government do not really care. If it is officially discouraged/illegal: it also means that officials are happy to take bribes.

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Re:Bitcoin mining hash rate drops as blackouts instituted in... by jabbany on Sunday April 18, 2021 @03:47AM (#26850624)
Yeah. It's also very likely that in some cases only the local government benefits (bribes etc.) rather than necessarily the central/federal government.
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