China To Accept Bitcoin Mining As industry

[Upright 2688]

China has always being in the making of the optimum use of this firms of the Bitcoin or Crypto mining industries. And when having to Mark such as am economical industry will only been ng more of such to the Chinese economy as more and more will be willing to take part on such creations, as we formally know that China has the highest number f miners there, so having this will be very much excellent

[magd 5231]

China is the strong influence on the prices of cryptocurrencies. It is able, through its acceptance or rejection of mining, to raise and lower prices whenever it wants, and it is making the most energy-efficient new mining equipment.

[pablomarwan 3082]

China's ban on mining was not certain, but this was common due to Beijing's imposition of trade restrictions. And that was just a suggestion under review. Despite this, China had emergency plans to transfer its operations to more acceptable destinations for Crypto. Thank you for this information

[Shaza Ahmad 1682]

China is the mining giant around the world, and the mining industry in China cannot fail because it is backed by international companies investing billions of dollars in this field, such as Bitmain.

[Mcd0d0 5882]

On 3/20/2020 at 2:41 PM, Whited35 said:

China is becoming the world power of economy. The policy from the government would be to see the new possibility to increase the economy power for the country. We know China itself has the largest populations in the world and they have to give or create the earning opportunities to people.

As we can see, china has a very cheap price of electricity so that they can easily to do mining and they are seeing this so that they will now used this to help their country in terms of economy.

[Treat1234 0]

1 hour ago, Mcd0d0 said:

As we can see, china has a very cheap price of electricity so that they can easily to do mining and they are seeing this so that they will now used this to help their country in terms of economy.

China has those resources available and they have been into Mining for a long time, electricity is cost-effective in their country which make them to easily earn from their Mining activities

[khan22 3478]

On 11/6/2019 at 9:49 PM, 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.

Now the china is not in good condition and they stop their all work and also they are in big trouble but this is the sad news for all the world becasue now in this time all the world in bad condition and peoples are infected by the virus, but soon every thing is to be good and they start to work in crypto market.

[Ms.o 3322]

China is the world's largest market for computer hardware designed to mine bitcoin and other cryptocurrencies, they are very influential country when it comes to businesses and can make huge effects in the market.

[Mcd0d0 5882]

Just now, Sarker7680 said:

However, the communist countries are also less likely to crypto, they have wanted to ban it for months There are many minerals and mining farms in China because they have cheap energy there.

You're right mate so that they will abuse it to get some money and by the help of their government, there is a tendency that they will not paying some electricity bills from that.

[Babubu609 0]

On 3/23/2020 at 6:59 AM, Anderson21 said:

The people of China accept or accept Bitcoin mining as an industry. Because they loves bitcoin. Even Bitcoin is popular in any country in the world . They still work earn for bitcoin. Thank you

Why did you say that, is it just because they love Bitcoin, but why is it that there president couldn't accept bitcoin as legal

[BrolySSJ 7899]

China is one of the mos profitable places to mine bitcoin and this is why they are able to still provide cloud mining at a competitive rate. I read an article a couple weeks ago that said that even after the halving event, it will still be profitable for china to host mining contracts at the same price that they are advertising them for now, clearly showing exactly how much profit they are able to make from crypto.

[Amir Vao 341]

On 11/6/2019 at 10:49 PM, 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.

In the crypto field there are many ways to earn free income. Mining is one of the great way. Also it's a great part of crypto. Through this we can mine new coins.

[Thomas. 1 18]

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.

[Syed Al Mamun 876]

Mining is one the best method of Crypto currency earning although it's a machinary method. On the other hand chaina always so eager about all advanced method. 

[Saj555 2250]

China is one of the most populated countries in the world. A few years ago China had banned all the cryptocurrencies trading. But now they have understood the importance about it and started it year ago. The mining is quite a popular work among all the miners. They mine for the free cryptocurrencies and the industry should be built to continue this work facilities. So I think China can benefit from accepting cryptocurrencies mining as industry. 

[guatazoo 7150]

I see mostly of country that's can be most leading to do bitcoin mining is China, and also I've heard that the country that's are fighting against bitcoin also is China, so I don't understand what's the fact here.

[Zaino34 0]

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 prevent mining in it

[Ayush Singh 1175]

When we talk about China we need to be clear that China is the most technical country in Mining or trading point of view most of the Chinese prefer to do such activities to earn free money and a huge profit from it so developing an industry of mining is very good achievement for them.

[BTC Future 3946]

On 4/11/2020 at 3:19 PM, Jaga123321 said:

No actually all the country should mine because if China will do that then most mining power will gose to china and it will try to control it and you know the intention of China 

You are correct but most countries have really high electricity prices that don't make mining profitable. In China miners negotiate with many suppliers and they are basically having the cheapest prices from the rest of the world. Perhaps since oil has dropped a lot we might see big mining farms oppening in other countries as well.

[bitcoin-shark 1928]

mining in china is already an industry in its own right, I think about half of the total number of miners is there, the Chinese government just needs to take note of it and make it official ...

[DokAgsikap 145]

1 hour ago, Binjit said:

China is different country then other countries it is say different and do different china already banned
bitcoin mining before long time ago after then chines peoples are using cryptocurrency and doing
trading on it

They will surely accepts it, but I am thinking on how do they sell it, I think some chinese trader has their own way of trading it using blockchain.

[Moaz 7239]

I believe that China is one of the most important countries in Bitcoin mining, and if China recognizes bitcoin and becomes legal this will represent a very important event in the crypto world and I think that will happen in the near future

[malik6314193 5449]

Now china is the economic hub. And bad thing is that they didn't accept the bitcoin yet. But i think they will accept it latterly. If they accept then it will huge achievement for bitcoin. 

[IamLeader12 682]

1 hour ago, bitcoin-shark said:

mining in china is already an industry in its own right, I think about half of the total number of miners is there, the Chinese government just needs to take note of it and make it official ...

I think that China will make the adoption of mining only for its own coin, the rest of the coins it will prohibit mining as the cryptocurrency as far as I know (bitcoin) want to ban.

[Virgil dijk 1431]

Well it's certain that in the previous years china didn't support cryptocurrencies, there were against cryptocurrencies, but recently I started seeing news that there now accepts mining in China , I think China has started seeing the usefulness of blockchain and cryptocurrencies.