I just read the news if the police in China have confiscated 7000 bitcoin rigs because they stole government electricity.
after getting that information I was annoyed and wondered if the decline in bitcoin today was caused by the news because what we knew was very influential on prices in the market, and China itself is a supporter of 50% of global hashes.
What do you think about this news, I myself hope this news does not make the market prices go down continuously.
My god, this is depressing news indeed... 7000+ mining rigs worth of electricity and they were thinking that no one would eventually find out?
I get how electricity costs can drive profits down, but with that many no. of rigs at risk, can you really afford to break the law and have your investment confiscated? There's no worst feeling than being on top of the world... only to have reality drag you back down into its arms.
On top of all that, shirking the responsibility of actually payi