The fight for bitcoin seems to be endless,many uncertainties hang over new technologies.Currently, more than 75% of Bitcoin mining pools are located in China.This naturally makes China a very important country in the entire bitcoin field.
If China prohibits bitcoin mining,there may be multiple situations.
The network will temporarily lose more than 75% of the mining capacity or hash rate in the area.This means,bitcoin will perform fewer transactions,and the speed of creating new bitcoins will drop dramatically.
From the perspective of economics of supply and demand.For Bitcoin, a highly demanding product.If supply falls,there is bound to be a shortage,the price will continue to rise.
Dear Customers,
Hello everyone, as China is about to usher in the Spring Festival, international logistics will be suspended. Zeus Mining is scheduled to stop shipping on January 18, 2025, and start the Spring Festival holiday from January 21 to February 4, 2025 (GMT+8). Pre-sales and after-sales service will reply to the information on February 5, 2025, and shipping will resume on February 8, 2025. Thank you for your support and trust in 2024. In 2025 and the future, we will bring better products and services to our friends.
Best wishes,
ZEUS MINING CO., LTD