ELI5: In what ways could the Chinese’s government destroy bitcoin though direct control of all the mining farms located in china?
If the Chinese’s government decides to block/control/destroy competition from bitcoin, could they not just approach the heads of all the mining farms located in china, threaten them with jail time unless they cooperate taking bitcoin down? How could this be done?
[uncensored-r/Bitcoin] One of my new farms being set up in China
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[uncensored-r/btc] Bitcoin Cash mining farm that I am setting up in China
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Mining-Farm ist ein Rechenzentrum, das technisch ausgestattet wurde, um Bitcoins oder andere Kryptowährungen auszuarbeiten.. Mining-Farmen entstanden als Folge der ständigen Erschwerung des Abbauprozesses, der mehr technische, energetische und finanzielle Ressourcen erfordert. China is the undisputed world leader in Bitcoin mining. Chinese mining pools control more than 60% of the Bitcoin network’s collective hashrate.. Not only does China manufacture most of the world’s mining equipment, but massive mining farms are located there to take advantage of extremely cheap electricity prices.. Estimated Hashing Power by Country Chinese Kennel Owner Caught Stealing Electricity to Power Underground Bitcoin Mining Farm . The largest oil field in the People’s Republic of China has been a target for individuals and ... Bitcoin mining mega farm burns down, destroying $10m Bitcoin mining mega farm burns down in China, destroying $10m of cryptocurrency machines. Video appears to show fire ravaging Innosilicon's ... Bitcoin mining consumes enormous amounts of electricity, which is why miners seek out locations that offer cheap energy. The Ordos mine was set up in 2014, making it China’s oldest large-scale ...
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