0 sats \ 0 replies \ @xz 15 Jan \ on: Why I'm Bullish 3: China Mining Ban bitcoin
The interesting thing to me with that is, not in so much as before it happened but since mining moved away, it didn't take long for pools to quietly continue without drawing attention to the fact that it's not okay for the little guy to pay for his own s9 and his own electricity bill, but it's perfectly fine for the state to choose their own sanctioned entities. We saw this in Kazakhstan, where after operations moved in to take advantage of abundant capacity and low rates, authorities decide they want a hefty cut. No innovation and no forward thinking on their behalf at all. Just give me double digit percentages or leave. Being next door to the country in question, interesting that sore losers seem to not actually ban anything, but just remove the capacity for regular people to move in and take advantage of what they can see as either an interesting, profitable or more forward-thinking way to deploy electrical resources.