Updates from calls with #bitcoin mining colleagues in China and what we’re seeing at @FoundryServices
👇👇
Kevin Zhang
3,484 posts
Kevin Zhang
@SinoCrypto
Joined November 2017
- For #bitcoin miners, we’re about to see the largest difficulty drop EVER this upcoming week (Over 20%)! Here’s a quick thread to get everyone up to speed! 👇👇
- Replying to @BitcoinMagazineIf you’re going to take my photos please at least give credit. This is also Montana, not Iran…
- Despite Yunnan being 90% hydro, China has placed a blanket ban on #bitcoin and #cryptocurrency mining on the entire province. For China, this isn’t about ESG.
- All major #bitcoin mining farms in Yunnan have been shutdown today. China isn’t messing around when it comes to the CCP’s 100 yr anniversary.
- Replying to @SinoCrypto9) Chinese miners have been quick to mobilize… one colleague sent some technicians down to Shenzhen, to focus on 2nd hand miner testing, repair, cleaning, and repackaging for exportation. He has cleaned and shipped out over 20,000 ASIC’s in the last 2 weeks
00:00 - “But China banned #bitcoin mining” Guerrilla Warfare Hashing is alive and well in China. You love to see it @SGBarbour @bitentrepreneur
00:00 - Replying to @SinoCrypto2) They estimate that roughly 70% of the #bitcoin mining capacity in China has gone offline and by the end of this month, it’ll be closer to 90% offline. 👇👇
