News for hackers. Stuff that matters.

A comment on China's Ban on Bitcoin Follows a Pattern Frequently Used by Beijing.

Re:China's Ban on Bitcoin Follows a Pattern Frequently Used ... by xwei on Tuesday July 13, 2021 @02:21PM (#27824303)
This article is just a trolling of China China China. Let me show you some useful info.

Bitcoin mining in China was legal. Because it can convert the waste electricity to money.

Now, the main reason for the ban is that China don't have enough electricity to manufacture due to the robust demand in export.

When China export drops or waste electricity increase, Bitcoin Mining will become legal again. This is where you can make money.

[ Parent | on HN ]
Re:China's Ban on Bitcoin Follows a Pattern Frequently Used ... by scrubs on Tuesday July 13, 2021 @04:18PM (#27825765)
Oh c'mon. Bitcoin mining is defacto a waste of electricity which might have been used more productively elsewhere. Let's not live under rainbows and suggest that miners are using electricity somebody else threw away or were gonna "bury" or take offline.
[ Parent | on HN ]