Saturday, June 3, 2017

Amid Bitcoin Trading Resurgence, Chinese Miners Shut Down Without Warning

Amid Bitcoin Trading Resurgence, Chinese Miners Shut Down Without Warning

A strange phenomenon is unfolding in China as Bitcoin miners mysteriously close down or relocate their operations.

Mines in the country’s Sichuan province were “reluctant” to discuss the reasons for withdrawal, major news resource People.cn reports.

Bitcoin has recently continued its expanding price as Chinese exchanges get the green light to allow Bitcoin withdrawals.

As traders delight in the new possibilities for sanctioned exchange use, however, a lack of corresponding regulation for miners is causing problems.

Full story at http://bit.ly/2s3vXh6

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