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.
This is not good news for bitcoin and it has a big impact on price, 7000 BTC is a huge number but today's value has increased slightly.
I think the electricity bill to dig 7,000 mining rigs is a terrible number that will certainly cost the government, the police did a great job of stopping them because it was a theft of resources to make dirty money. , if it were me, I would stop them even though it would make the Bitcoin network speed faster
Hopefully there will be no such news anymore, the