China To Accept Bitcoin Mining As industry

[godislovefll 1880]

On 6/11/2019 at 12:49, yalcin0595 said:

La Comisión Nacional de Desarrollo y Reforma de China rechazó a Bitcoin como industria en el país. El país de la minería de moneda cyryto en la agencia de planificación económica china, catálogo de reestructuración del sector de orientación permitido en una zona industrial. La principal agencia de planificación económica de China ha sido categorizada como una industria que, obviamente, estaría prohibida en un país minero de bitcoins. El nuevo catálogo para restringir el sector de orientación entrará en vigencia a partir del 1 de enero de 2020. En abril de este año, la NDRC incluyó la minería de bitcoins como una industria que está siendo eliminada del país por no cumplir con las leyes y regulaciones aplicables. Sin embargo, en su año más reciente, la agencia de planificación económica no mencionó bitcoin ni ninguna otra cripto minería que debería abandonar el país. Cuando la NDRC publicó su primer catálogo de reformas industriales en 2005, cierra y recomienda el establecimiento de diferentes tipos de sectores. En preparación para la NDRC en 2011, el informe abogó por la eliminación de la minería de bitcoins de la industria. Actualmente, China es responsable de la mayor parte de la minería de bitcoins en el mundo .

China is a very large country, but they have their reasons in rejecting and wanting to control the btc industry, so they cancel or approve it they have their reasons, perhaps it is not convenient for them that trade and btc be totally free, we remember that china is the country with the most population internationally.

[Frodler 943]

China is steadily incooperating crypto into its public economy and I believe these is a very wonderful steps towards revolutionazing its digital technology as well

[Izeal 4404]

Most of the Chinese are the good traders and miners too. They are really ahead in the technology and many other things like cryptocurrency and bitcoin mining should be accepted in the country like china because they can earn really good amount because the electricity bill is really low and the electronic equipment required to make the mining rig is also cheaper.

[JesusFries 1958]

Chinese miners and traders is the largest community in this field. We know that most of them are excellent in the field and it is really good that mining of Bitcoin will be recognized as part of the industry. It is really overwhelming how Chinese government is very open with cryptocurrencies. 

[scofield64 943]

China are well known for their crypto mining and it's consume a lots of electricity. In the past China has banned cryptocurrency in their country, and now they even want bitcoin mining as an industry in the country. China are looking forward to create their own cryptocurrency now. 

[khan22 3478]

China make a great mining industry in which they make good money on daily basis and they earn good amount of money in this market becasue in mining just a one time investment and you earn good in it.

[MalikAdnan 1662]

Yes first of all china has banned all the crypto currencies. It is the decision from national level. But china already became the mining equipment. So china has ctaagarized all the industrial sector. So, if china has accept the new industry of crypto then it is very happiness news for crypto users and it will also help the country economy.

[Alex9876r 1408]

China is a great economic country and it has its plans and mining for it is harmful to the electrical network, as large quantities of it are drawn from it, especially in the countryside and illegally, which prompted it to pursue miners and confiscate mining equipment, but perhaps it can do as Iran did, giving them electricity at a preferential price in exchange for giving it the cryptocurrencies.

[Masterrex 559]

On 11/7/2019 at 12:49 AM, yalcin0595 said:

China's national development and reform comission rejected bitcoin as an industry in the country. The country of cyryto currency mining in the Chinese economic planning agency, Guidance sector restructuring catalog allowed in an industrial zone. China's top economic planning agency has  ben categorized as an industry that would proviously be banned from a bitcoin mining country.The new catalog for restruring the guidance sector will be effective from 1 january 2020. In April this year the NDRC listed bitcoin mining as an industry  that is being phased out of the country for failing to comply with applicabke laws and regulations. In its most recent year, however, the economic planning agency did not mention bitcoin or any other  crypto mining that should leave the country. When the NDRC published its first industry reform catalog in 2005, it closes and recommends the establishment of different sector types. In preparation for the NDRC in 2011, the repor advocated the removal of bitcoin mining from the industry. Currently China is responsible for most of the bitcoin mining in the world.

If China use to ban cryptocurrency mining in there country, It will lose its crypto base industries such as manufacturing the crypto Mining equipment like Bitmain which responsible for manufacturing of crypto mining hardwares and its there fault to loss its revenue in that said industry that's why China won't do it because they need to fund their Military development ambition. 

[setifien 1016]

On 11/26/2020 at 10:33 AM, Masterrex said:

If China use to ban cryptocurrency mining in there country, It will lose its crypto base industries such as manufacturing the crypto Mining equipment like Bitmain which responsible for manufacturing of crypto mining hardwares and its there fault to loss its revenue in that said industry that's why China won't do it because they need to fund their Military development ambition. 

I think China has a great industry in a wide range of fields (it produces big amounts of different products) and I believe that the suspension of the production of such mining hardwares won't affect China's economy since it has alternatives

[teebasas 3018]

We know that China is one of the most important countries that support encryption, and the encryption in that country has a lot of popularity and it is not surprising that China may accept it.

[Robert William 590]

That's a good move China. I think the technology of China is good and can support the process of crypto currency mining. I just hope that legality of crypto currency will continue in this place.

[Bruno52 1141]

I'm happy about this because it makes sense as bitcoin mining has already given so many people an occupation so it just makes sense to consider it as an industry.

[Garion hirao 550]

Good and useful information. Imagine if all countries started to use mining as well, would you also develop like China and have e-business because of this addition, it would be great

[Wane Rastuar 583]

Good and useful information. Imagine if all countries started to use mining as well, would you also develop like China and have e-business because of this addition, it would be great

[Poppisnop 428]

I think that will also boost the country economic growth, but another disadvantage is the electricity bills which be most costly to pay in which there will be no much profits to accumulate.

[Farukatie 1271]

I accept that China is quite possibly the main nations in Bitcoin mining, and if China perceives bitcoin and becomes lawful this will speak to a significant occasion in the crypto world and I feel that will occur sooner rather than later.

[Choudhary umer 0]

Yes I also hear that the Chinese industry reject the cryptocurrency but I want to tell you that I hear that the prime Minister of the China announce that they are also introduced a coin in the market like a bitcoin

[Roman Wickler 1021]

Yeah that really great. I really expect that . China is the biggest industry of mining. They are good in mining. No doubt they do mining for bitcoin . It is really good to hear that great nation accept bitcoin. Sooner other countries also accept bitcoin. 

[Alkali 146]

This is a good news in the world of crypto currencies. It will surely further boost the value of bit coin to a higher level. I hope China will not do the other wise again.

[Msh9 84]

Yes, my friend, China has rejected these cryptocurrencies in its country because, according to its expectations, these currencies pose a threat to its economy and its currency, and there are many countries that have rejected these currencies, and I do not think that they cause any imbalance in the economies of countries.

[MoralStories 1127]

I think in China the electricity cost is very minimum that means they can add mining farms in their country and they will be using it with low fee in electricity

[Abrar1122 10]

China is doing really very great and the cryptocurrency world and I think this is the only country which is serious about the cryptocurrency and the economy

[khan22 3478]

China is a big country and i hope they mine so many coins and they collect the coins and they sell it when they collect good amount of coin and that time they legal the crypto currency in their country.

[abohasnn9 2401]

My dear friend, China is the largest country that supports mining, as it gives you an overwhelming majority in mining. The largest mining farms and miners are in China, and any defect in China is difficult to continue working in cryptocurrencies or it will be very difficult or slow to send and receive and this is a good thing for the state of China to accept  Working in mining and making it an essential business in the country Thank you