This - right here - is the only “number go up technology” I care about. #hashrate
And a +4% upward adjustment coming tomorrow. nostr:npub15n94rarp3n7dz6edx9cugeshn0kcuxtugwu9nzprkpx7yekw7ygqplqru4
Discussion
There’s always rumours of mining still happening in China. Have you got any local knowledge of this? Is it done by the state or privately?
On the issue of mining, I don't have any first hand knowledge about what, if any, activity is taking place in #China.
That being said, I would strongly suspect that the government is almost certainty involved in mining. Optionality is the Chinese way and having some degree of capacity makes complete sense to me.
What I do know, and for certain, is that the P2P market to transact is very much alive and well and is done rather openly via WeChat.
Thanks for asking. I encourage anyone to reach out with any questions about China.
Interesting. Thanks. My other Q is about the implementation of CBDCs in China. Are they actually being used? How widespread? Are they attached to social credit scores? Etc
You mean this?
The #China so called “e-yuan” has been dead on arrival since launch. Possible to compete against with Alipay or WeChat. They dominate all payments.
It is now linked to a bank account though.
as long as there is electricity in a country people will mine.
i know 100% that a few laundromats in hong are mining as their children who live in the states manage the miners remotely and do so at any hash-price since they want the sats
also another family in hong kong pay a "hosting service" in wyoming and also do so at any price but have their payment invoices disguised as "server hosting"
here is a fun article https://cryptonews.net/news/mining/3598599/