China banned mining – Chia’s death and bitcoin’s catastrophic decline. HDD miners switching to Burstcoin!

Liu He, Vice Premier of the State Council of the China, said that he had issued an order to crack down on bitcoin mining and trading activity. A notice to this effect was published on the Chinese government’s official website.

China banned mining - Chia's death and bitcoin's catastrophic decline. HDD miners switching to Burstcoin!

Amid the announcement, the price of bitcoin plummeted 10 per cent from $41,750 to less than $38,000.

China banned mining - Chia's death and bitcoin's catastrophic decline. HDD miners switching to Burstcoin!

Chia’s death

Not only is bitcoin in trouble now, but the cryptocurrency Chia is also in trouble. The graph shows that the currency does not have long to live. Investors may be saved by Burstcoin, which is not only stable but showing growth despite the problems in the cryptocurrency market.

China banned mining - Chia's death and bitcoin's catastrophic decline. HDD miners switching to Burstcoin!

Chia supports the two Chinese pools Hpool and UUpool. This is the reason why the news that China is banning mining has had such a big impact on Chia cryptocurrency.

Burstcoin has no such problem, as it is a multinational currency that does not depend on a single country’s government. In addition, it is worth noting that Burst is careful with HDD/SDD.

 

 

 

Discussion: There is 1 comment
  1. Spider says:

    Cool info!
    BURST is in a continous inovation and development. Out goal is to replace ETH smartcontracts but with a greener low electricity consumption coin.

    BURST already has a very powerfull blockchain with tons of features and the smartest smart contracts in the crypto realm.

    and with POC+ consensus is already the green coin – close to POS coins but with a total decentralised consensus

    Show me another coin ( not POS ) that can be mined with a mobile phone 🙂 like a pro miner

    Reply

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