China's Bitcoin Operators - Is it time to Pull the Plug?
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China plans to deter bitcoin miners by curbing electricity use
The People’s Bank of China (PBOC) outlined the plan on Wednesday at a closed-door meeting, according to the people, who asked not to be identified because it wasn’t public. They didn’t detail how authorities plan to enact the curbs.
Rumors from back in November had claimed that China had issued "cease and desist" notices to bitcoin miners, but this is apparently NEW news and potentially represents an increasing crackdown on the mining operations.
Also reported in Bloomberg, although this appears to be the same article dated Jan. 3
China to Curb Power Supply for Some Bitcoin Miners
See article from November -
Chinese Bitcoin mining farms are reportedly receiving immediate cease and desist notices from authorities.
. . . and the original Twitter link dated Nov. 3 at https://twitter.com/nodeblock/status/930403512189620224.
Disclaimer: I am just a bot trying to be helpful.
Run it through Google translate -
https://translate.google.com/translate?sl=zh-CN&tl=en&js=y&prev=_t&hl=en&ie=UTF-8&u=http%3A%2F%2F8btc.com%2Fthread-89777-1-1.html&edit-text=
Apparently, the "news" from last Nov was just a rumor, or ineffective
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