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 Biggest Crypto mining in Malaysia

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knwong
post May 21 2024, 05:37 AM

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This is the reason why ccp ban crypto mining. Such a waste of resource
knwong
post May 21 2024, 08:19 AM

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QUOTE(zamans98 @ May 21 2024, 07:58 AM)
No, CCP didn't ban, still a lot in China.

CCP want a profit cut , you can setup a JV between CCP (especially near hydroelectric dam) and plot your sharing chart.
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It's banned since 2021. No mining and trading of crypto. Because of that many China crypto companies then choose to setup as fintech overseas like HK & SG are now began to get attention from oversea regulators and 1 by 1 getting banned also - like Binance
knwong
post May 21 2024, 11:04 AM

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QUOTE(thkent91 @ May 21 2024, 10:53 AM)
Mine gold also waste money. Industry requires but still, usage not as much
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You are so ignorant. Gold holds tremendous value and the use is not just for wealth but many industrial use like computers, electronics, medical, aerospace...


knwong
post May 21 2024, 11:17 AM

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QUOTE(ozak @ May 21 2024, 11:10 AM)
Cannot understand how does it waste of resource if it making money?
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Crypto is speculative in nature. CCP realised this can be out of control so they do the right thing to ban it.
knwong
post May 21 2024, 11:19 AM

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QUOTE(thkent91 @ May 21 2024, 11:09 AM)
What I want to convey is that different people have different perspective. If you are into watches you'll swear by those rolex watches too, sames goes to LV and Hermes bag

But, really?

Ps: I do not own btc
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When it comes to gold it is no longer a perspective. It's a fact economically and scientifically that gold hold so much value
knwong
post May 21 2024, 11:46 AM

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QUOTE(ozak @ May 21 2024, 11:33 AM)
CCP have energy problem back then when they try shut down the coal plant to support 0 carbon. But cause massive blackout and energy shortage during winter.

So start to reduce the usage and ban mining is 1 of it. 

Ccp also cannot control the money exchange crypto in/outflow. Aka money laundering.

But at the end ccp have to start back the coal plant even after ban the crypto mining. But they are better now as solar, wind turbine, EV and slow down economy absorb it.

TNB shouldn't subsidies your home energy usage. Cause you're wasting the resource and doesn't make money.
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Whatever is the reason they truly realised cypto brings no benefits to them - from social, economic, financial and even environment point of view

 

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