By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
CoinworldstoryCoinworldstoryCoinworldstory
  • HOME
  • CRYPTO
    • AI
    • BOTS
    • ICO
    • AIRDROP
      • Featured Airdrops
    • Price Prediction
    • EXCHANGE
      • Best Centralized Exchange List 2025
      • Best Decentralized Exchange List 2025
    • ALTCOIN
    • Alt Coin Signal
    • Crypto Analysis
    • Bitcoin Loan
    • Bitcoin Mining
    • WALLETPRO
  • PR
    PR
    If You Looking For Submit Cryptocurrency Press Releases Than Coinworldstory Is Best Choice For Crypto Press Release Submission
    Show More
    Top News
    Football World Cup KIRIK Betting Prize
    2 years ago
    MinedBlock Take Centre Stage as their Initial Exchange Offering (IEO) Goes Live on The P2PB2B Exchange
    MinedBlock Take Centre Stage as their Initial Exchange Offering (IEO) Goes Live on The P2PB2B Exchange
    3 years ago
    The Graph to use Polygon for its billing system
    2 years ago
    Latest News
    Crypto Market Recovers as Liquidity Returns — Pepeto Announces $700K Giveaway and 221% Staking Rewards
    1 hour ago
    Limitless Prediction Market Closes $10M Seed Round Ahead of LMTS Token Launch
    20 hours ago
    Whale.io Introduces Crock Dentist Game and Exclusive RWA NFT Collection
    20 hours ago
    Bybit Card Honored as “the Best Performing Crypto Card” by Mastercard at EDGE 2025
    22 hours ago
  • NEWS
    • Mining
    • Altcoins
    • Ban
    • BANKING/FINANCE NEWS
    • Bitcoin
    • Blockchain
    • CRYPTO CRIME
    • Ethereum
    • Exchange News
    • Government News
    NEWSShow More
    10 Best Dog Meme Coins To Buy In 2025 For Crypto Fans
    9 Best Dog Meme Coins To Buy In 2025 For Crypto Fans
    7 hours ago
    10 Best Snake Tokens 2025: Top Meme & Crypto Snake Coins
    10 Best Snake Tokens 2025: Top Meme & Crypto Snake Coins
    3 days ago
    10 Crypto APIs for Developers In 2025
    10 Crypto APIs for Developers In 2025
    1 week ago
    Why SimpleFX Is Not a Safe or Reliable Trading Exchange
    Why SimpleFX Is Not a Safe or Reliable Trading Exchange
    2 weeks ago
    Ten Largest Property Firms by Market Cap In 2025
    Ten Largest Property Firms by Market Cap In 2025
    2 weeks ago
  • MORE
    • Guide
    • Only Best
    • Off Topic
    • Best Affiliate Marketing
    • Best Affiliate Programs
    • BOTS
    • Trusted Currency Exchanger Platform
    • Blockchain Games
    • Metaverse Review : Best Metaverse Program Review
    • Online Survey
    • Payment Platform
  • VPN
  • Contact Us
Reading: A Large Chinese Miner Commented On The Actions Of The Authorities Against Bitcoin Mining
Share
Notification Show More
Font ResizerAa
CoinworldstoryCoinworldstory
Font ResizerAa
  • ADVERTISEMENT
  • SUBMIT PR
  • CONTACT
  • GUEST POST
  • ABOUT US
  • DMCA
  • SITEMAP
  • DISCLAIMER
  • PRIVACY POLICY
Search
  • HOME
  • CRYPTO
    • AI
    • BOTS
    • ICO
    • AIRDROP
    • Price Prediction
    • EXCHANGE
    • ALTCOIN
    • Alt Coin Signal
    • Crypto Analysis
    • Bitcoin Loan
    • Bitcoin Mining
    • WALLETPRO
  • PR
  • NEWS
    • Mining
    • Altcoins
    • Ban
    • BANKING/FINANCE NEWS
    • Bitcoin
    • Blockchain
    • CRYPTO CRIME
    • Ethereum
    • Exchange News
    • Government News
  • MORE
    • Guide
    • Only Best
    • Off Topic
    • Best Affiliate Marketing
    • Best Affiliate Programs
    • BOTS
    • Trusted Currency Exchanger Platform
    • Blockchain Games
    • Metaverse Review : Best Metaverse Program Review
    • Online Survey
    • Payment Platform
  • VPN
  • Contact Us
Have an existing account? Sign In
Follow US
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
Home » Blog » A Large Chinese Miner Commented On The Actions Of The Authorities Against Bitcoin Mining
Mining

A Large Chinese Miner Commented On The Actions Of The Authorities Against Bitcoin Mining

How To Find Local Experiences – Travel Like a Local Anywhere
Last updated: 23/05/2021 5:32 PM
Coinworldstory
4 years ago
Share
Disclosure: We are not a registered broker-dealer or an investment advisor. The services and information we offer are for sophisticated investors, and do not constitute personal investment advice, which of necessity must be tailored to your particular means and needs. !
A Large Chinese Miner Commented On The Actions Of The Authorities Against Bitcoin Mining
SHARE

One Of The Largest Miners In China, Jiang Zhuoer, Announced That The Joint Mining Service Provided By His Company, Which Allows External Investors To Mine Cryptocurrency With Them, Will No Longer Be Available In The Country. His Statement Is Quoted By Journalist Colin Wu. On Friday, The State Council Of The People’s Republic Of China Named Bitcoin Mining And Trading Among The Financial Risks To Be Controlled.

Zhuoer Notes That The Co-mining Service Accounts For Only A Fraction Of Their Computing Power. In The Future, The Company Intends To Create A Cryptocurrency Mining Enterprise In North America. The Hashrate Of The Bitcoin Network After Yesterday’s Events Remains Stable, Having Decreased By Only A Few Percent.

The Publication Also Provides Clarifications Regarding Yesterday’s Statement By The State Council Of The People’s Republic Of China. Thus, The Company Writes That In The General Context Of This Statement, The Ban Is Aimed At Preventing The Transfer Of Individual Risks To Society. In Other Words, Miners Can Independently Mine Cryptocurrency And Bear Risks Of Losses Without Attracting Financial Capital. The People’s Bank Of China Took A Similar Position In 2013 Regarding Bitcoin Transactions, Banning The Use Of Third-party Capital In Them.

In Addition, In 2017, With The Ban On Icos, The Chinese Authorities Demanded That The Assets Be Returned To Investors Without Any Additional Sanctions For The Organizers. Thus, It Is Assumed That Miners Will Not Be Confiscated Equipment, Unless They Have Been Convicted Of Stealing Electricity. At The Same Time, Zhuoer Admits That Large Farms May Be Closed, And The Local Mining Industry Will Return To The State It Was In 2014-2015. He Also Suggests That Large Pools Against This Background Could Move To Europe And North America.

- Advertisement -

There Are Also Messages Coming Inthat The Huobi Exchange Has Banned Users From China From Opening New Accounts And Does Not Allow Existing Users To Enter Derivative Positions, But Also Does Not Close Existing Ones. The Price Of Usdt, After Falling Below 6 Yuan On Friday, On Otc Platforms Has Stabilized Around 6.30 Yuan, 2% Below The World Rate. Primitive Fund Partner Davi Wan Explains This By The Fact That All Chinese Cryptocurrency Holders Who Wanted To Go Into Fiat Currency Have Already Done So.

“i Know Of Several Big Miners Who Went Into Fiat Six Hours After The News Was Published, Selling Tirelessly Using All Available Channels,” She Adds.

9 Best CPUs For Mining Crypto In 2025 – Top Picks & Performance
20 Best Crypto Mining Platform In UAE
Earn Passive Income Cloud Mining with USDminer
Bitmain Stopped Selling Due To An Oversupply Of Miners In The Secondary Market
Bitcoin Mining Boom In Argentina Thanks To Cheap Electricity
Share This Article
Facebook Email Print
How To Find Local Experiences – Travel Like a Local Anywhere
ByCoinworldstory
Coinworldstory.com Provide Latest Review From, ICO,, Bitcoin, Paid To Click, Blockchain Technology, Affiliate Marketing, Mlm, Etc.Our Team Expert In This Field And Provide Latest Information To Our Users. Thanks For Visiting Coinworldstory.com
Previous Article Goldman Sachs Calls Cryptocurrencies An Asset Class A Year After Claiming Otherwise Goldman Sachs Calls Cryptocurrencies An Asset Class A Year After Claiming Otherwise
Next Article Opolo Wallet Review: Complete Security for Your Crypto Assets Opolo Wallet Review: Complete Security for Your Crypto Assets
Crypto Market Recovers as Liquidity Returns — Pepeto Announces $700K Giveaway and 221% Staking Rewards
Press Releases
10 Best Crypto Leverage Trading Platforms for Maximum Profits
10 Best Crypto Leverage Trading Platforms for Maximum Profits
Best Centralized Exchange List 2025
10 Best Dog Meme Coins To Buy In 2025 For Crypto Fans
9 Best Dog Meme Coins To Buy In 2025 For Crypto Fans
Altcoins
9 Best Copy Trading Platforms In Italy for Smart Investors
9 Best Copy Trading Platforms In Italy for Smart Investors
Best Centralized Exchange List 2025

Latest Published

British Police Searched For Drug Dealers, But Found Underground Bitcoin Miners

British Police Searched For Drug Dealers, But Found Underground Bitcoin Miners

4 years ago
Iran Introduced A Complete Ban On Cryptocurrency Mining Until The End Of September

Iran Introduced A Complete Ban On Cryptocurrency Mining Until The End Of September

4 years ago
Miners Steadily Win Ethereum's Gas Revenue Breaks The Monthly Record Of $722 Million

Miners Steadily Win Ethereum’s Gas Revenue Breaks The Monthly Record Of $722 Million

4 years ago
In Leningrad Region Police Found Crypto Mining Farm

In Leningrad Region Police Found Crypto Mining Farm

5 years ago
  • ADVERTISEMENT
  • SUBMIT PR
  • CONTACT
  • GUEST POST
  • ABOUT US
  • DMCA
  • SITEMAP
  • DISCLAIMER
  • PRIVACY POLICY
What Is Solana? A Complete Guide to the Fast and Scalable Blockchain
What Is Solana? A Complete Guide to the Fast and Scalable Blockchain
Trending
10 Best Shoes For Bunions – Comfort, Support & Pain Relief
10 Best Shoes For Bunions – Comfort, Support & Pain Relief
Trending
10 Best Macroeconomics Books-for Students and Professionals
10 Best Macroeconomics Books-for Students and Professionals
Trending
CoinworldstoryCoinworldstory
Follow US
© Coinworldstory News Network. Cws Design Company. All Rights Reserved.
  • ADVERTISEMENT
  • SUBMIT PR
  • CONTACT
  • GUEST POST
  • ABOUT US
  • DMCA
  • SITEMAP
  • DISCLAIMER
  • PRIVACY POLICY
coinworldstory logo coinworldstory logo
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?