Bitcoin "mining" will leave China?
TokenInsight
2019-04-13 09:43
本文约717字,阅读全文需要约3分钟
A large number of top overseas media such as CCN, The Korea Times, South China Morning Post, Tech in Asia, and MIT Technology Review quoted information from TokenInsight.

The National Development and Reform Commission issued a document, or it will hang the "Sword of Damocles" for the Bitcoin mining machine industry. Where will China's Bitcoin mining companies go, mining "pills" or a false alarm? TokenInsight analysts interpret this.



On April 8, the National Development and Reform Commission issued the "Industrial Structure Adjustment Guidance Catalog (2019 Edition, Draft for Comment)" (referred to as the "Catalogue"), which involves three categories of industrial activities: encouraged, restricted, and eliminated. Virtual currency " Mining" activities appear in the elimination category.



In the past six months, the IPOs of Canaan Intellectual Property and Bitmain have been blocked, coupled with increasingly strict policy supervision, more and more social controversies, and the long bearishness of the digital token market, practitioners have been frightened. As soon as this news came out, practitioners have heated discussions: Where will Chinese bitcoin mining companies go? Mining "pill", industry inflection point or a false alarm?



In this regard, TokenInsight analyst Michael Zhong said:



"If this draft for comments is finally implemented, large-scale miners may abandon domestic resources during the high water season and turn to foreign countries to find suitable power resources for mining.



Because the current competition in the mining industry lies in the cost of electricity, once mining companies lose their domestic electricity dividends, they will not be able to compete with foreign counterparts, and can only be forced to go overseas (such as Southeast Asia) to make a living and seek profits.



If this happens, the situation facing Chinese mining companies will inevitably become more severe because of the many uncontrollable risks involved in industrial transfers. However, from a dialectical point of view, the mining business will not only be concentrated in China, but BTC mining will become more decentralized. "

 

A large number of top overseas media such as

CCN(http://t.cn/E6lRmV4),

The Korea Times(https://dwz.cn/gqtdizBX),

South China Morning Post(https://dwz.cn/w2lJk4oI),

Tech in Asia(http://t.cn/E6lRMA6),

MIT Technology Review(http://t.cn/E6l8FiC),

Citing information from TokenInsight.

 


TokenInsight
作者文库