Home Blockchain News China’s Illegal Crypto Mining Crackdown Could Ignite a Bitcoin Price Rally

China’s Illegal Crypto Mining Crackdown Could Ignite a Bitcoin Price Rally

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Besides fat-fingered whales, the other species HODLers should learn to fear are large-scale Bitcoin miners whose electricity cost is zero. The reason? Their break-even point is low enough to depress the fair market value of the Bitcoin price, dashing the asset’s seven-figure ambitions. Just this week, Chinese police busted a gang of Bitcoin miners that […]

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* First published on ccn.com

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