Home/NEWS/

What happens if China prohibits Bitcoin

What happens if China prohibits Bitcoin

2019/11/9

The fight for bitcoin seems to be endless,many uncertainties hang over new technologies.Currently, more than 75% of Bitcoin mining pools are located in China.This naturally makes China a very important country in the entire bitcoin field.

If China prohibits bitcoin mining,there may be multiple situations.

  1. The network will temporarily lose more than 75% of the mining capacity or hash rate in the area.This means,bitcoin will perform fewer transactions,and the speed of creating new bitcoins will drop dramatically.

  2. From the perspective of economics of supply and demand.For Bitcoin, a highly demanding product.If supply falls,there is bound to be a shortage,the price will continue to rise.


NOTICE
This is an original piece. Reproduction in whole or part without written permission is prohibited.
0
About products purchase, please contact our sales manager:
[email protected]

About miner repair and after-sale issues, please contact the repair manager email:
[email protected]

For business cooperation, please contact:
[email protected]

COMPLAINTS & SUGGESTIONS
If you have any dissatisfaction during the transaction or have valuable suggestions for us, please contact us via this email address:
[email protected]
Attention!

Recently, many companies claiming to be mining companies imitate us and say that they are related to us, or that they are our branch companies, which has caused customers to be deceived. Please be careful not to believe any impostors, please check our correct contact information and beware of being deceived getting scammed, and losing money.
please check our right contact way: Here

CLOSE