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Writer's pictureFahad H

Bitcoin Mining Slow Down In China | Stop The Fud


The Real Situation on the Ground While it’s true that the drop in bitcoin costs have made mining much less worthwhile, it isn’t to the extent that some folks would painting. We requested a neighborhood supply, Hu Jie of Si Hua Mining, whether or not the photographs have been actual and what the state of affairs was really like. He commented that the movies and footage have been very more likely to be actual, however the description that went together with it was deceptive and an exaggeration. The mining machines that you simply see within the image are older fashions and that is customary follow in China when upgrading machines. The machines have been out of date and the plan was to improve all of them alongside. It is certainly not due to the current crashes in bitcoin worth inflicting the mining business in China to go stomach up.

https://www.asiacryptotoday.com/chinese-mining-fud-manipulation-vs-the-real-situation/

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