The massive crypto crackdown in China was reported by Cryptopotato, who informed on Chin’s decision to ban all Bitcoin Miners from mining citing environmental concerns. Being the world’s most populated country with the largest share of BTC mining, this action impacted the mining network immediately and stumbled the prices.
Not surprisingly, some reports circulating indicated that some miners are relocating to other countries like Kazakhstan or the United States. While this may be a probable solution, it will take time, considering the re-adjustments necessary.
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MarkRoberts
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