Chinese Miners Surveillance

in #mining3 years ago

With China implementing their own custom surveillance crypto, they need to crush the competing cryptos... Hence the crackdown on mining. I'd think that the end of Beepool and f2pool is nigh at hand as well.

With these Chinese miners forced to liquidate, you can expect the entire crypto market to crater, and as the CCP tightens it's grip further, that trend will accelerate.

If you're a true believer in the church of crypto, you may soon be presented with a buying opportunity akin to the 2009 S&P 500 low; a generational bottom that makes billionaires out those who have enough capital and intestinal fortitude to buy when their own blood is in the streets.

On the other hand, a capitulation large enough to significantly shrink the market capitalization of the largest cryptos could cause a rush to the exits, and result in an extended "nuclear winter" for crypto, much as the end of the "dot com bubble" created an extended period of underperformance for NASDAQ stocks. You'll hear it from all the crypto nay-sayers: I told you so!

There's other possibilities too. Mining Pool https://woolypooly.com/en/ - one ot the best.

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