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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 386.87-0.1%Dec 3 4:00 PM EST

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To: Snowshoe who wrote (138035)1/12/2018 10:18:03 AM
From: elmatador  Read Replies (1) of 218167
 
shut down some mines in late 2017 for greater good. Chinese bitcoin miners eye sites in energy-rich Canada


as China clamped down on cryptocurrencies



While Beijing has not issued any official edict on the bitcoin mines, two Chinese miners told Reuters that local authorities had grown more unwilling to allow expansion and had started to shut down some mines in late 2017, as China clamped down on cryptocurrencies.

Last September, Chinese authorities banned so-called initial coin offerings and ordered Beijing-based cryptocurrency exchanges to halt trading.

“We, and from what I understand many of our peers, are already making plans to go overseas,” said Li Wei, chief executive of ZQMiner, a Wuhan-based company that sells bitcoin mining equipment and has mines in three Chinese provinces

reuters.com
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