Bitcoin has dropped over $3400 due to the news coming out of China. The bottom line is that People’s Bank of China said all crypto-related activities are illegal.
This is going to create huge opportunities in the market.
Most of the ASIC miners are produced in China so it is going to be very interesting to see what happens to companies like Bitmain.
We also expect GPU prices to drop here.
We will continue to mine.
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