06-20-2021, 04:44 PM
China Bitcoin mining ending are awesome news
<!-- SC_OFF --><div class="md"><p>Moneybadger don't give a fuck.</p> <p>These are fantastic news for Bitcoin:</p> <ul> <li><p>Bitcoin mining gets more descentralized.</p></li> <li><p>Bitcoin mining gets more clean (renewable energy sources).</p></li> <li><p>Bitcoin miners in other countries become more profitable.</p></li> <li><p>Bitcoin miners all around the world get cheap mining rigs from China.</p></li> <li><p>Mining difficulty automatically adjusts as per protocol, neutralizing the effects of less (or more) mining rigs coming on/off line.</p></li> <li><p>This kills the FUD about: “China controls Bitcoin!” (China will have no miners, no exchanges, no nothing to ‘control’)</p></li> <li><p>This kills the FUD about: “Bitcoin uses dirty energy!” (Bitcoin mining uses mainly clean energy but in China part of the mining was being done with coal).</p></li> <li><p>This kills the recurrent FUD: “China bans Bitcoin!” (there’s nothing left to ‘ban’ for them in the future).</p></li> </ul> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/simplelifestyle"> /u/simplelifestyle </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/o3xp9j/china_bitcoin_mining_ending_are_awesome_news/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/o3xp9j/china_bitcoin_mining_ending_are_awesome_news/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>Moneybadger don't give a fuck.</p> <p>These are fantastic news for Bitcoin:</p> <ul> <li><p>Bitcoin mining gets more descentralized.</p></li> <li><p>Bitcoin mining gets more clean (renewable energy sources).</p></li> <li><p>Bitcoin miners in other countries become more profitable.</p></li> <li><p>Bitcoin miners all around the world get cheap mining rigs from China.</p></li> <li><p>Mining difficulty automatically adjusts as per protocol, neutralizing the effects of less (or more) mining rigs coming on/off line.</p></li> <li><p>This kills the FUD about: “China controls Bitcoin!” (China will have no miners, no exchanges, no nothing to ‘control’)</p></li> <li><p>This kills the FUD about: “Bitcoin uses dirty energy!” (Bitcoin mining uses mainly clean energy but in China part of the mining was being done with coal).</p></li> <li><p>This kills the recurrent FUD: “China bans Bitcoin!” (there’s nothing left to ‘ban’ for them in the future).</p></li> </ul> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/simplelifestyle"> /u/simplelifestyle </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/o3xp9j/china_bitcoin_mining_ending_are_awesome_news/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/o3xp9j/china_bitcoin_mining_ending_are_awesome_news/">[comments]</a></span>Kind Regards R