A U.S. Trade War With China Might Affect Bitcoin Miners
President-elect Donald Trump often decried how China sucked jobs out of the U.S. and he offered up the solution of prosecuting trade cases against China for its “unfair subsidy behavior” and currency manipulation. He suggested tariffs as high as 45 percent on its exports. “We can’t continue to allow China to rape our country, and that’s what they’re doing,” he told supporters in May. “We have the power over China, economic power, and people don’t understand it,” Trump also said during the campaign. If Trump pursues a such path, then China would fight back – it’s even said so itself. It....
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While on the surface it seems officials from five provinces in China have been cracking down on bitcoin miners, no one is quite sure how much hashrate is moving, which pools are affected, or where these miners will end up. A number of mining pools have seen hashpower percentages decline and Bitcoin’s overall hashrate has regressed as well. On the other hand, as several known pools have lost hashrate, processing power from “unknown” pools has increased a great deal. Pool Percentages Decline, Overall Hashrate Dips Lower There have been reports stemming from officials in....
Bitcoin mining companies in the west yield strong returns as China’s crypto mining crackdowns continue. Western Miners Rake In Big Profits During China’s Crackdown As per a report from Arcane Research, China’s crackdown on Bitcoin mining has resulted in more gains for Western miners. Despite the drop in the price of BTC, Western mining companies […]
With the government in Beijing cracking down on their operations, Chinese miners have been on the lookout for other jurisdictions. Providing low-cost energy, Iran has emerged as a prospective destination. However, the country’s state-owned power utility has expressed concerns over a possible influx of miners and illegal imports of mining hardware from China. Tavanir Warns About Flood of Chinese Miners and Equipment Into Iran The Iran Power Generation, Distribution and Transmission Company, Tavanir, has issued a warning regarding the entry of Chinese cryptocurrency miners into Iran....
Nvidia RTX 3060 GPUs are going for as low as $270 as crypto miners in China dump their cards on the used market amidst the nation’s Bitcoin crackdowns. Cheap Used Nvidia RTX GPUs Flood The Chinese Market As Miners Dump As China continues cracking down on Bitcoin and mining in the country, some miners have […]
2016 has become a year of revival for the bitcoin price. At a press time total of $640, the price of bitcoin is up nearly 50% from its opening on 1st January. While macroeconomic factors including uncertainty in China and Europe have arguably played a role, there may be no bigger influence than the upcoming halving, a rare network event that will occur this weekend. While nobody knows for certain how the long-awaited reduction in rewards to miners will affect the network, market experts offered a range of predictions when speaking with CoinDesk on how it may impact the price of bitcoin.....