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RE: LEAKED: Bitcoin Mining Faces the Chopping Block in New Chinese Regulation – CCP: "Orderly Exit"

in #bitcoin7 years ago

Hmm...could be that the cares are angling for bribes from the mining farms. Some nice payoffs to make the issue go away.

But it could be that the Chinese authorities have decided that the profits from mining are "too high" and they want some of the surplus to go into the government till. I suspect they'd be satisfied if the mining farms pay more for the power.