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RE: Forks to Be New ICOs and China Bans Mining Crypto ?
If the mining in China stops where will the processing power to run the block chain go? Would they decrease the difficulty of it thus allowing miners in other places to pick up the slack?
If you are apart of a mining pool or know where to look at mining charts showing geolocation of miners, you will see there is stall a vast amount of miners in the united states, and southern american parts like brazil and peru as well as some european and other smaller asian countries.
So long as there is a supply and demands for coins that are mineable, there will always be miners. It is naive for these companies to think coins can be sustainable without mining the currency. How do you think the network remains secure and actually live? POS (Proof of stake) is not sustainable enough a system by itself. You need to start looking at dual currencies that use coins and commodities, this means boosting the POS network with proof of work (mining).
People that don't fully understand the market are also those with the big labels, please understand there are definitely companies that understand how this work and will throw publicity stunts to capitilise on how volatile the market is at the moment to try and cause fluctuations in the market place. To properly understand the trends, you need to start looking at what the miners are actually mining...
Hard forks are like hefty dividend payments. Enjoy.
Hard forks can also directy affect other currencies, watch whos backing what currency and what their agenda is. It's better to try and support currencies that favour true peer to peer systems where there is no regulation like I believe sakoshi nakamoto intended..
Chinese State Grid was moving to ban bitcoin mining at a county level in Sichuan province, an ostensibly notable development given the area's abundant water supply for electricity generation and the fact that profit-chasing bitcoin miners are headquartered in the region.
A lot of mining seems to be moving to Iceland, which is really cold (therefore miners don’t need to waste money trying to cool their machines) and has plenty of cheap renewable energy and good internet connection : http://uk.businessinsider.com/photos-iceland-bitcoin-ethereum-mine-genesis-mining-cloud-2016-6/?IR=T/#the-company-had-early-mines-in-bosnia-and-china-and-most-of-its-operations-are-now-based-in-iceland-3
This has already been happening, and I think more and more mining will go to Iceland as a result of China’s decision.