Chinese Crackdown on Bitcoin Mining

msm47(31)
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Far-flung areas of China where cryptocurrency mining operations flourish are complying with Beijing's order to shut. What will this mean for the price of Bitcoin? At the moment Bitcoin is reacting negatively to the news but in the long run these mining operations will go underground and the price of Bitcoin and the desire for it cannot be extinguished.

https://www.wsj.com/amp/articles/china-quietly-orders-closing-of-bitcoin-mining-operations-1515594021?__twitter_impression=true

Chinese Crackdown on Bitcoin Mining | Ecency