Reply to post: Re: Bitcoin’s price has dropped around 1.5 per cent in the last 24 hours.

China all but bans cryptocurrencies

doublelayer Silver badge

Re: Bitcoin’s price has dropped around 1.5 per cent in the last 24 hours.

If they can still find someone outside the country who will buy it, then they can get money from it. I don't expect they will stop mining now since they've already incurred most of the fixed costs. I would expect them to stop investing in more mining hardware though. China could easily prevent mining, but they probably care a lot more about large groups of people having crypto which they could try to use for exchange than a few large places having a lot of it.

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