We gonna witness a history in bitcoin mining tonight, all mining farms (about 8m kw electricity load) will shutdown at 12pm Beijing time tonight, Harare rate already dropped significantly after sichuan gov announce shut down bitcoins mining farms in Sichuan.
Some mining farms already starting shutdown their facilities.
The video is posted by the miners who got their mining farms near dadu river on WeChat. Here’s more info about this mining farms shutdown thing.
大概说之下我们@Magicventures1 今年的一些投资逻辑吧. 太远的记不太清了,就从今年夏天的NFT season 开始吧,其实我们当时也是挺焦虑的,但是在很快就冷静了下来,因为这流动性太差了,买入后出手需要很久的时间,还有就是生命周期也挺短的,所以非常不适合我们这种没有耐心,又不能24小时盯着市场的人
there's a mad mad story about how the most notorious crypto mining mafia colluded with gov official in jiangxi, screwed Genisis Mining, led to central gov in china cracking down on crypto mining, and caused the big dump in May 19th.
Before I begin , just want to clarify I am not 100% sure it’s true, but the press and news and info mention in the story can be verified, and I post the original link at the end of this thread.
On May 10th, CPC Central Commission for Discipline Inspection annonced that a ministerial level gov official in Jiangxi provincial Xiao Yi is under investigation. words on the street the main reason of Xiao under investigation is becuase of Bitcoin.
Time to sell all your bch, Jihan might go to jail. Micree posted a announcement, listed all the illegal things that Jihan did in the past. In that announcement Micree said he has 36% company share of Bitmain in Cayman, 59.6% of voting rights...
without Micree’s consent,no one is able to change that legally.But Jihan forged a shareholder’s meeting resolution said his 10x voting right no longer counts, and fired Micree as the company director. But Micree said in the announcement, that shareholder’s meeting never happened.
Bitmain Cayman controls Bitmain HK, Hk controls Bitmain in Beijing,after illegal push Micree out,Jihan took over the control of Bitmain HK, and Beijing.And stole the business license and company stamp of bitmain Beijing to change company representatives to himself and Luyao(CFO)
One thing that is very interesting to notice is the role of digital payment systems playing during the coronavirus outbreak, and it very likely to accelerate the development and the adoption of DC/EP.
After Feb 8 a lot of people start to returning back to work when the large scale of the population moving to cross the cities, it also adds more pressure on epidemic prevention and control. According to the statistic, 75% of china’s population is concentrated in 19 cities
at the same, with the development of fast and affordable transportation infrastructure, such as high-speed trains or bullet trains. so the population mobility has increased massively, about 6 times higher compared to the SARS epidemic in 2003.