China's ban cleansed Bitcoin from China FUDs, which is another good thing. Moreover, it's obvious mining companies had huge impact by the regulations of Chinese government. I don't think NA companies wouldn't have such regulations, their arrangement would advance much more straight than the companies in China. Therefore, personally I would prefer NA countries to bear hash rate dominance.
The other subject is that, NA companies are trying to yield greener ecosystem, as you mentioned. The difference is huge compared to China, so it is a good sign that NA will take over this.
We will observe what will happen in future. Most probably it will be good for a large portion of people as well as the earth.
I think it was a problem that China was so dominant in hash power. I think China, which caused this migration with the Bitcoin ban, will regret it in the future.
It looks like it will cause a huge loss made by China. I would say we are better.
Now that the majority of hash power moves to North America, there will be more opportunities for miners indirectly for us. China, which constantly bans things, will no longer exist.
Instead, it will be the United States and Canada that offer us more guarantees and more social, economic and legal trust.
China will have deserved its regret for this choice.
It was expectable China banning Bitcoin, it was just a matter of time. The authorities explained this move as preventing the risk upsetting the entire economic system due to price hikes. I am totally fine with this though.
Canada and the US became the most dominant area for mining after China shut down the activities of BTC mining companies. What is not less important, North America is aiming to get more and more electricity from renewable energy sources.
China quitting the mining game impacted, impacting and will be impacting the crypto world. Someone take gains someone losses. I hope the market situation will stabilize very soon.
Also, want to remark that China's regulation of BTC has a right to exist, Bitcoin had many drops below %50 throughout the existence, a lot of people just lose their money which is not good for China's economic system plans.
This article can be discussed forever what makes it very catchy. Thanks for your work and research 👍
It's not good that mining is in one hand. Chinese domination causes such problems. A small embargo causes big drops when one person dominates.
Btc is taking lessons now. Mining is spreading. Even if something like this happens again, I don't think it's going to drop that much. We fell a little bit today, but that doesn't mean we won't recover.
It was also an opportunity to buy for us. At least it was for me. I bought it to keep it for a long time. I expanded my portfolio. I'm fully prepared for a possible bull.
Thanks for the nice post. I'm waiting for the rest of your writing.
The Chinese government is a country that will do anything for money. That being the case, I don't understand why China banned mining.
Actually the answer is very simple. Of course, China wants to keep the hash power, but it should not be forgotten that China is a communism.
You know, whenever we say bitcoin is the people's money, that's why China doesn't welcome bitcoin because if people get rich by mining or trading, China loses its power.
The reason why foreign investors open factories or skyscrapers in China is not because they love China so much. Everyone lives for their own benefit. China is one of the countries with the cheapest overtime wages in the world. For example, the hourly wage is $12 in the United States and 0.25 cents in China. Isn't the difference much?
but that's not the only reason. There are countries with lower hourly wages than China. Like Bangladesh. But there is no technology in Bangladesh. The reason why China is preferred is its advanced technology.
China cannot afford to lose this power. btc was a risk to him. If people get rich, the system in China will end.
Back on topic, most people interested in crypto are happy that mining has moved to South America. because China was manipulating the market but now it has lost majority in hash rate
Even if mining in space, my only goal is to develop the cryptocurrency market. People should not be able to manipulate the market whenever they want. The rich should not steal the money of the poor. Those who work hard, those who work should earn, this is my only goal. I want all the coin, all the nfts to be valued In the end we win
China will deeply regret this decision. A quick and swift decision.
If we look at the background, it caused a drop in the price of Bitcoin. But it's already rising.
Although these bans are a problem in the short term, I think that the long term will not be a problem. Because we can find a solution to every ban. And the solutions we find are even stronger.
Green mining is even stronger. Consumption problem solved.
I think China had great dominance. And that problem is gone. Although there are fluctuations at the moment, these problems are solved. And it won't be a problem again. I'm so happy.
After BTC and Mining ban in China many people thought it as a opportunity to start mining qnd it's really good Atleast they made people happy in a sense maybe
I believe that they will surely regret their decisions by 2022 😉
I don't really understand what China wants to do, either they really give the opportunity to others or they have a plan in mind. Regardless, these are powerless things against Bitcoin.
While China's bans, which were initially perceived as bad news, caused the market to contract and a serious drop, we now see that it actually led to better developments for bitcoin than we had all hoped.
In addition to ending the concerns of possible attacks on bitcoin that you mentioned in your article, it also led to a greener mining increase.
Both the entry of new actors into the mining business and the use of greener energy by these new mining companies caused many good developments for bitcoin at the same time, while criticizing it was in vain.
It's good to be clear. Bitcoin mining in a place where you can trust its laws and sense of freedom will be very productive for the market in the future.
Bitcoin is like a child who learns from his mistakes, if you put an obstacle in front of him, he will find a way to overcome this obstacle and develop in that direction. Until we reach perfection...
It's time to appreciate and reward Bitcoin's hard work.
The best reward we can give him is trust. Confidence in the face of extraordinary achievements...
China's ban cleansed Bitcoin from China FUDs, which is another good thing. Moreover, it's obvious mining companies had huge impact by the regulations of Chinese government. I don't think NA companies wouldn't have such regulations, their arrangement would advance much more straight than the companies in China. Therefore, personally I would prefer NA countries to bear hash rate dominance.
The other subject is that, NA companies are trying to yield greener ecosystem, as you mentioned. The difference is huge compared to China, so it is a good sign that NA will take over this.
We will observe what will happen in future. Most probably it will be good for a large portion of people as well as the earth.
Thanks for the article!
I think it was a problem that China was so dominant in hash power. I think China, which caused this migration with the Bitcoin ban, will regret it in the future.
Thank you for your article.
Bitcoin mining migration seems to upset China a lot in the future, I agree with you on this.
I think these bans are nonsense.
I think they could have worked more for green mining.
The disappearance of all negativities for Bitcoin will increase confidence and many more will invest in the crypto world.
Green Bitcoin mining should be expanded.
We need to get rid of problems like energy and money laundering.
I'm thinking.
If we overcome these problems, we can be sure of success.
Companies like Marathon Patent Group are very important in the market.
I hope that with the mining farm that Riot will put into operation and the work of Hive Blockchain, green mining will become much more widespread.
I don't think it's a good thing that they are so dominant. And they will definitely regred what they did.
Thank you for the article !
Bitcoin mining migration paved the way for green mining.
Now everything can go better.
It looks like it will cause a huge loss made by China. I would say we are better.
Now that the majority of hash power moves to North America, there will be more opportunities for miners indirectly for us. China, which constantly bans things, will no longer exist.
Instead, it will be the United States and Canada that offer us more guarantees and more social, economic and legal trust.
China will have deserved its regret for this choice.
Thanks for the article and information.
It was expectable China banning Bitcoin, it was just a matter of time. The authorities explained this move as preventing the risk upsetting the entire economic system due to price hikes. I am totally fine with this though.
Canada and the US became the most dominant area for mining after China shut down the activities of BTC mining companies. What is not less important, North America is aiming to get more and more electricity from renewable energy sources.
China quitting the mining game impacted, impacting and will be impacting the crypto world. Someone take gains someone losses. I hope the market situation will stabilize very soon.
Also, want to remark that China's regulation of BTC has a right to exist, Bitcoin had many drops below %50 throughout the existence, a lot of people just lose their money which is not good for China's economic system plans.
This article can be discussed forever what makes it very catchy. Thanks for your work and research 👍
It's not good that mining is in one hand. Chinese domination causes such problems. A small embargo causes big drops when one person dominates.
Btc is taking lessons now. Mining is spreading. Even if something like this happens again, I don't think it's going to drop that much. We fell a little bit today, but that doesn't mean we won't recover.
It was also an opportunity to buy for us. At least it was for me. I bought it to keep it for a long time. I expanded my portfolio. I'm fully prepared for a possible bull.
Thanks for the nice post. I'm waiting for the rest of your writing.
The Chinese government is a country that will do anything for money. That being the case, I don't understand why China banned mining.
Actually the answer is very simple. Of course, China wants to keep the hash power, but it should not be forgotten that China is a communism.
You know, whenever we say bitcoin is the people's money, that's why China doesn't welcome bitcoin because if people get rich by mining or trading, China loses its power.
The reason why foreign investors open factories or skyscrapers in China is not because they love China so much. Everyone lives for their own benefit. China is one of the countries with the cheapest overtime wages in the world. For example, the hourly wage is $12 in the United States and 0.25 cents in China. Isn't the difference much?
but that's not the only reason. There are countries with lower hourly wages than China. Like Bangladesh. But there is no technology in Bangladesh. The reason why China is preferred is its advanced technology.
China cannot afford to lose this power. btc was a risk to him. If people get rich, the system in China will end.
Back on topic, most people interested in crypto are happy that mining has moved to South America. because China was manipulating the market but now it has lost majority in hash rate
Even if mining in space, my only goal is to develop the cryptocurrency market. People should not be able to manipulate the market whenever they want. The rich should not steal the money of the poor. Those who work hard, those who work should earn, this is my only goal. I want all the coin, all the nfts to be valued In the end we win
China will deeply regret this decision. A quick and swift decision.
If we look at the background, it caused a drop in the price of Bitcoin. But it's already rising.
Although these bans are a problem in the short term, I think that the long term will not be a problem. Because we can find a solution to every ban. And the solutions we find are even stronger.
Green mining is even stronger. Consumption problem solved.
I think China had great dominance. And that problem is gone. Although there are fluctuations at the moment, these problems are solved. And it won't be a problem again. I'm so happy.
Thanks for the article.
Have a nice day.
After BTC and Mining ban in China many people thought it as a opportunity to start mining qnd it's really good Atleast they made people happy in a sense maybe
I believe that they will surely regret their decisions by 2022 😉
BTC ❤️
Thanks for an amazing Article Sylvain
What about volcano mining in El Salvador?
Great info !
I can’t keep track of everything like I would like to, but this is incredibly useful!
I don't really understand what China wants to do, either they really give the opportunity to others or they have a plan in mind. Regardless, these are powerless things against Bitcoin.
Thanks for the article.
While China's bans, which were initially perceived as bad news, caused the market to contract and a serious drop, we now see that it actually led to better developments for bitcoin than we had all hoped.
In addition to ending the concerns of possible attacks on bitcoin that you mentioned in your article, it also led to a greener mining increase.
Both the entry of new actors into the mining business and the use of greener energy by these new mining companies caused many good developments for bitcoin at the same time, while criticizing it was in vain.
It's good to be clear. Bitcoin mining in a place where you can trust its laws and sense of freedom will be very productive for the market in the future.
Bitcoin is like a child who learns from his mistakes, if you put an obstacle in front of him, he will find a way to overcome this obstacle and develop in that direction. Until we reach perfection...
It's time to appreciate and reward Bitcoin's hard work.
The best reward we can give him is trust. Confidence in the face of extraordinary achievements...