News China Hunts Down Illicit Crypto Miners, Raids 20 Government Offices: Report

[Admin]

Chinese government officials reportedly went looking for illicit cryptocurrency miners at 20 state-owned buildings recently.

China Hunts Down Illicit Crypto Miners, Raids 20 Government Offices: Report : Read more

 

[Alvar "Miles" Udell]

China: Bans cryptomining
XFX: AMD Navi 12 BC-160 Mining Cards on Sale in China | Tom's Hardware (tomshardware.com)
China: Enforces ban on cryptomining

So this means tomorrow nVidia will launch a massive mining card in China?

 

[renz496]

China: Bans cryptomining
XFX: AMD Navi 12 BC-160 Mining Cards on Sale in China | Tom's Hardware (tomshardware.com)
China: Enforces ban on cryptomining

So this means tomorrow nVidia will launch a massive mining card in China?

those miner from china will still buying cards. but they will send the card to their farm overseas. plus the CCP try to push their own official crypto coin as well. so they probably buying GPU themselves as well.

 

[InvalidError]

plus the CCP try to push their own official crypto coin as well. so they probably buying GPU themselves as well.

The "digital yuan" isn't crypto. It is nothing more than a fully digital version of the traditional yuan and operates using the conventional banking system. The CCP could have achieved the same net result by simply phasing out physical money, gradually forcing everyone to use credit and debit cards.