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❓ASK Alibaba to DisAllow Sales Of Mining Materials From 8th October ...

L

LutherKing

Guest
According To CryptoNews , The Chinese Business Giant Alibaba Average Net Profit More Than $2.7 Billion Has Recently Announced That The Company Will Not Offer Mining Equipment To Its Customers ...

The Exact Ban On Sales Of The Equipment Will Start from 8th October Effectively

The Exact Reasons Are Unknown

Share Your Thoughts ?
 
We
According To CryptoNews , The Chinese Business Giant Alibaba Average Net Profit More Than $2.7 Billion Has Recently Announced That The Company Will Not Offer Mining Equipment To Its Customers ...

The Exact Ban On Sales Of The Equipment Will Start from 8th October Effectively

The Exact Reasons Are Unknown

Share Your Thoughts ?
Can't conclude on why they decide to ban the transporting of mining materials,but nevertheless the less when things like this happens you will know that fault can be from either side.
 
The reason is obvious they do not want anything pertaining to crypto currency in their country whether online or not. They need only their local currency to be used for exchange. So that's it just it for China
 
The reason was caused by the Chinese ban on cryptocurrency and crypto mining ,so they won't want to sell mining equipment so they don't actually face the penalty from the government
 
The Chinese government have really begin to go very hard on cryptocurrency miners and that has made the price of various cryptocurrencies to go down. I will like this miners themselves to try to switch tomorrow environmentally-friendly means of sourcing powerlike hydroelectric power or solar.
 
According To CryptoNews , The Chinese Business Giant Alibaba Average Net Profit More Than $2.7 Billion Has Recently Announced That The Company Will Not Offer Mining Equipment To Its Customers ...

The Exact Ban On Sales Of The Equipment Will Start from 8th October Effectively

The Exact Reasons Are Unknown

Share Your Thoughts ?
I think that it makes sense considering that this is a chinese site and therefore there is a lot of people that will not be able to use this in teh country either way and as such they shoudl not be selling these equipment if it is illegal to use the coins there. That is my thoughts on it.
 
There has also been some news that China has given their miners up till the end of December in order to move there bitcoin to other exchanges. This is the reason for the current depreciation that we are saying and it is just a matter of time before they are going to recover and be fully balanced.
 

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