{"id":475720,"date":"2021-11-08T04:06:13","date_gmt":"2021-11-08T04:06:13","guid":{"rendered":"https:\/\/ktsl888.com\/?p=475720"},"modified":"2024-06-11T12:02:18","modified_gmt":"2024-06-11T12:02:18","slug":"china-bitcoin-mining-carvalho","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/china-bitcoin-mining-carvalho\/","title":{"rendered":"Is This The Reason China Banned Bitcoin Mining? Carvalho\u2019s Mind Blowing Theory"},"content":{"rendered":"<p><span style=\"font-weight: 400\">Bitcoin entrepreneur John Carvalho might be on to something. In <\/span><a href=\"https:\/\/podcasts.apple.com\/us\/podcast\/281-chinese-mining-theory-bitcoin-divisibility-and\/id1292381204?i=85\" rel=\"nofollow\"><span style=\"font-weight: 400\">a recent episode of the Tales from the Crypt<\/span><\/a><span style=\"font-weight: 400\"> podcast, he posed his theory on why China shot itself in the foot by banning Bitcoin mining early in the year. We at NewsBTC have been racking our brains trying to come up with possible reasons for the bizarre decision. <\/span><\/p>\n<p><span style=\"font-weight: 400\">Are they <\/span><a href=\"https:\/\/ktsl888.com\/news\/bitcoin\/bitcoin-hash-rate-goes-on-death-spiral-post-chinas-crackdown-on-miners\/\"><span style=\"font-weight: 400\">making way for their CBDC<\/span><\/a><span style=\"font-weight: 400\">? Is the CPC <\/span><a href=\"https:\/\/ktsl888.com\/news\/bitcoin\/the-new-china-model-banned-bitcoin-mining\/\"><span style=\"font-weight: 400\">cutting the wings of Chinese Billionaires<\/span><\/a><span style=\"font-weight: 400\"> in all areas? Were they already <\/span><a href=\"https:\/\/ktsl888.com\/news\/bitcoin\/cbeci-report-chinas-hold-over-bitcoin-mining-was-waning-before-the-crackdown\/\"><span style=\"font-weight: 400\">losing the hashpower battle<\/span><\/a><span style=\"font-weight: 400\">? Is China having energy problems? Is this <\/span><a href=\"https:\/\/ktsl888.com\/news\/china-banned-bitcoin-mining-what-happens-to-small-hydropower-stations-now\/\"><span style=\"font-weight: 400\">an ESG issue<\/span><\/a><span style=\"font-weight: 400\">? Were they <\/span><a href=\"https:\/\/ktsl888.com\/news\/bitcoin\/evergrande-default-china-bitcoin\/\"><span style=\"font-weight: 400\">closing the exit ramps before the Evergrande<\/span><\/a><span style=\"font-weight: 400\"> collapse? Is <\/span><a href=\"https:\/\/ktsl888.com\/news\/bitcoin\/the-peoples-bank-of-china-bitcoin\/\"><span style=\"font-weight: 400\">Bitcoin just too dangerous<\/span><\/a><span style=\"font-weight: 400\">? Why would they <\/span><a href=\"https:\/\/ktsl888.com\/news\/bitcoin\/the-death-of-chinas-bitcoin-mining-industry-7-takeaways-from-the-article\/\"><span style=\"font-weight: 400\">retire from a billion Dollar business<\/span><\/a><span style=\"font-weight: 400\"> that they controlled? Why? WHY?<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">It has been a long time since I last joined TFTC to chat.<\/p>\n<p>I had a great time discussing misc Bitcoin and &quot;good morning tweet&quot; topics.<\/p>\n<p>Check it out! <a href=\"https:\/\/t.co\/TVbOEjHWFD\" rel=\"nofollow\">https:\/\/t.co\/TVbOEjHWFD<\/a><\/p>\n<p>&mdash; John Carvalho (@BitcoinErrorLog) <a href=\"https:\/\/twitter.com\/BitcoinErrorLog\/status\/25249028?ref_src=twsrc%5Etfw\" rel=\"nofollow\">November 2, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span style=\"font-weight: 400\">The interviewee summarizes our position with one phrase, \u201c<\/span><i><span style=\"font-weight: 400\">I refuse to believe that China is stupid.<\/span><\/i><span style=\"font-weight: 400\">\u201d According to Carvalho, they\u2019ve made too much money in the mining business alone, and they also control the ASICs manufacturers. Not only that, mining machines inflate the value of chips. And they control that business too, alongside Taiwan and South Korea. Why would they shoot the goose that laid the golden eggs? It just doesn\u2019t make sense\u2026 unless\u2026<\/span><\/p>\n<h2><span style=\"font-weight: 400\">Carvalho\u2019s Mind Blowin Theory<\/span><\/h2>\n<p><span style=\"font-weight: 400\">Warning: the following text is full of speculation and assumptions. \u201c<\/span><i><span style=\"font-weight: 400\">I can easily be wrong<\/span><\/i><span style=\"font-weight: 400\">,\u201d was one of the first things Carvalho said. He doesn\u2019t have any proof that this is what&#8217;s happening and neither does NewsBTC. Let\u2019s take it as a thought exercise. This is how Carvalho would \u201c<\/span><i><span style=\"font-weight: 400\">play the game<\/span><\/i><span style=\"font-weight: 400\">,\u201d though. And if he could come up with that plan, so did the CCP leaders.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">According to Carvalho, every cycle China manipulates the Bitcoin price to get more BTC. They sell, use the collateral to short Bitcoin, and reaccumulate when the bear market arrives. This time, though, China was facing a more mature and sophisticated market. Their FUD techniques were not working. People weren\u2019t falling for their tricks. So, they had to turn it up a few notches.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The main ASIC manufacturer, the Chinese company Bitmain, had a new generation of miners ready. So, the CCP \u201c<\/span><i><span style=\"font-weight: 400\">decided to create a demand for the aftermaket and combine it with the FUD.<\/span><\/i><span style=\"font-weight: 400\">\u201d As they usually do, they sold their Bitcoin and made their shorts. Then, China banned Bitcoin mining and the whole country turned off the ASICs. The world perceived the ban as real, just \u201c<\/span><i><span style=\"font-weight: 400\">look at the hashrate.<\/span><\/i><span style=\"font-weight: 400\">\u201d This is the first time this happens. Then, China sold a small portion of its ASICs to the USA.<\/span><\/p>\n<p><span style=\"font-weight: 400\">According to the latest stats, the USA now provides the biggest percentage of Bitcoin\u2019s hashrate\u2026 or does it? \u201c<\/span><i><span style=\"font-weight: 400\">Everybody has this narrative where China has stupidly left mining and giving it to the US<\/span><\/i><span style=\"font-weight: 400\">,\u201d Carvalho said unconvinced. A few months after the China ban, American mining companies are suddenly on everyone\u2019s radars. But, is this really what\u2019s going on?<\/span><\/p>\n<h2><span style=\"font-weight: 400\">If The Theory Holds Up, China Will Come Back To The Mining Game<\/span><\/h2>\n<p><span style=\"font-weight: 400\">This is price manipulation on another scale. China figured out a way to get more Bitcoin both against traders and against buyers of ASICs in other countries. They got rid of the old equipment, and Bitmain will provide new machines soon enough. Then, China\u2019ll buy back their Bitcoin and turn their next-gen ASICs on. According to Carvalho, maybe they already did, and they\u2019re just not signing blocks or signing their blocks differently. If this is true, they\u2019ll unban Bitcoin mining soon enough, and spin a &#8220;the resurrection of Asian mining&#8221; narrative.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The Tales From The Crypt host, Marty Bent, is not convinced. He argues that we have to separate CCP from the individual Chinese miners. It\u2019s worth noting that Bitcoin mining is Bent\u2019s field of expertise. He is himself a miner and is involved with some major Bitcoin mining companies. <\/span><\/p>\n<p><span style=\"font-weight: 400\">According to Bent, there definitely have been mining farms that operated in mainland China and moved to the US. And sizable operations, at that. He thinks that maybe the Chinese didn\u2019t move all the hashrate to the U.S., but they definitely moved \u201c<\/span><i><span style=\"font-weight: 400\">a material ammount.<\/span><\/i><span style=\"font-weight: 400\">\u201d He also believes that, even after the ban, there\u2019s definitely hashrate still in China.<\/span><\/p>\n<p><span style=\"font-weight: 400\">According to Carvalho, there\u2019s anecdotal evidence that contradicts the theory, but it\u2019s only anecdotal. \u201c<\/span><i><span style=\"font-weight: 400\">We don\u2019t have enough information about China<\/span><\/i><span style=\"font-weight: 400\">,\u201d he says. Bent agrees and adds that, due to the permissionless nature of the Bitcoin network, we can never truly know what\u2019s happening. However, \u201c<\/span><i><span style=\"font-weight: 400\">foreign buyers are getting access to new gen miners.<\/span><\/i><span style=\"font-weight: 400\">\u201d At least to the preorders. Take that for what it\u2019s worth.\u00a0<\/span><\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-475723 aligncenter\" src=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2021\/11\/BTCUSD_2021-11-08_00-47-51.png?resize=460%2C257\" alt=\"BTCUSD price chart for 11\/08\/2021 - TradingView\" width=\"460\" height=\"257\"><\/p>\n<pre style=\"text-align: center\">BTC price chart for 11\/08\/2021 on Bittrex | Source: BTC\/USD on <a href=\"https:\/\/www.tradingview.com\/symbols\/BTCUSD\/\" rel=\"nofollow\">TradingView.com<\/a><\/pre>\n<h2><span style=\"font-weight: 400\">Conclusion And Other China Theories<\/span><\/h2>\n<p><span style=\"font-weight: 400\">According to Carvalho, using web traffic measuring tools, you could check that traffic to the Chinese mining pools is roughly the same as before the ban. The signing of blocks is manipulatable. \u201c<\/span><i><span style=\"font-weight: 400\">The only reason we know who mines what is because they say they mined it,<\/span><\/i><span style=\"font-weight: 400\">\u201d he says. What does this mean? Are the Chinese already mining? Is there an increase in unsigned blocks? Or are they just signing them as non-Chinese entities? They could\u2019ve been planning this for a long time, setting the pieces in place.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">The TFTC host poses an alternative theory. This one\u2019s based on <\/span><a href=\"https:\/\/podcasts.apple.com\/us\/podcast\/199-edward-evenson\/id1292381204?i=29\" rel=\"nofollow\"><span style=\"font-weight: 400\">his conversation with Edwar Evenson from Braiins<\/span><\/a><span style=\"font-weight: 400\">, who lived in China. According to Evenson, this year marked the 100th anniversary of the CCP, and the theme of the celebration is \u201charmony.\u201d And, sadly, they consider Bitcoin mining as unharmonious. That\u2019s the reason they banned it. Once the anniversary passes, they\u2019ll quietly allow it back.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Maybe, but according to Carvalho, the Chinese quietly returning to mining is exactly what would happen if any of the two theories are true. He admits that, to confirm his theory, serious research that he can\u2019t perform needs to be done. So, he leaves it open to the public to step up and do it. NewsBTC did its part by publishing this article. It\u2019s your turn now.\u00a0<\/span><\/p>\n<pre style=\"text-align: center\">Featured Image by <a href=\"https:\/\/pixabay.com\/users\/panayota-4969527\/?utm_source=link-attribution&amp;utm_medium=referral&amp;utm_campaign=image&amp;utm_content=2190047\" rel=\"nofollow\">panayota<\/a> from <a href=\"https:\/\/pixabay.com\/?utm_source=link-attribution&amp;utm_medium=referral&amp;utm_campaign=image&amp;utm_content=2190047\" rel=\"nofollow\">Pixabay<\/a> - Charts by <a href=\"https:\/\/www.tradingview.com\/\" rel=\"nofollow\">TradingView<\/a><\/pre>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin entrepreneur John Carvalho might be on to something. In a recent episode of the Tales from the Crypt podcast, he posed his theory on why China shot itself in the foot by banning Bitcoin mining early in the year. We at NewsBTC have been racking our brains trying to come up with possible reasons for the bizarre decision. Are they making way for their CBDC? Is the CPC cutting the wings of Chinese Billionaires in all areas? Were they already losing the hashpower battle? Is China having energy problems? Is this an ESG issue? Were they closing the exit ramps before the Evergrande collapse? Is Bitcoin just too dangerous? Why would they retire from a billion Dollar business that they controlled? Why? WHY? It has been a long time since I last joined TFTC to chat. I had a great time discussing misc Bitcoin and &quot;good morning tweet&quot; topics. Check it out! https:\/\/t.co\/TVbOEjHWFD &mdash; John Carvalho (@BitcoinErrorLog) November 2, 2021 The interviewee summarizes our position with one phrase, \u201cI refuse to believe that China is stupid.\u201d According to Carvalho, they\u2019ve made too much money in the mining business alone, and they also control the ASICs manufacturers. Not only that, mining machines inflate the value of chips. And they control that business too, alongside Taiwan and South Korea. Why would they shoot the goose that laid the golden eggs? It just doesn\u2019t make sense\u2026 unless\u2026 Carvalho\u2019s Mind Blowin Theory Warning: the following text is full of speculation and assumptions. \u201cI can easily be wrong,\u201d was one of the first things Carvalho said. He doesn\u2019t have any proof that this is what&#8217;s happening and neither does NewsBTC. Let\u2019s take it as a thought exercise. This is how Carvalho would \u201cplay the game,\u201d though. And if he could come up with that plan, so did the CCP leaders.\u00a0 According to Carvalho, every cycle China manipulates the Bitcoin price to get more BTC. They sell, use the collateral to short Bitcoin, and reaccumulate when the bear market arrives. This time, though, China was facing a more mature and sophisticated market. Their FUD techniques were not working. People weren\u2019t falling for their tricks. So, they had to turn it up a few notches. The main ASIC manufacturer, the Chinese company Bitmain, had a new generation of miners ready. So, the CCP \u201cdecided to create a demand for the aftermaket and combine it with the FUD.\u201d As they usually do, they sold their Bitcoin and made their shorts. Then, China banned Bitcoin mining and the whole country turned off the ASICs. The world perceived the ban as real, just \u201clook at the hashrate.\u201d This is the first time this happens. Then, China sold a small portion of its ASICs to the USA. According to the latest stats, the USA now provides the biggest percentage of Bitcoin\u2019s hashrate\u2026 or does it? \u201cEverybody has this narrative where China has stupidly left mining and giving it to the US,\u201d Carvalho said unconvinced. A few months after the China ban, American mining companies are suddenly on everyone\u2019s radars. But, is this really what\u2019s going on? If The Theory Holds Up, China Will Come Back To The Mining Game This is price manipulation on another scale. China figured out a way to get more Bitcoin both against traders and against buyers of ASICs in other countries. They got rid of the old equipment, and Bitmain will provide new machines soon enough. Then, China\u2019ll buy back their Bitcoin and turn their next-gen ASICs on. According to Carvalho, maybe they already did, and they\u2019re just not signing blocks or signing their blocks differently. If this is true, they\u2019ll unban Bitcoin mining soon enough, and spin a &#8220;the resurrection of Asian mining&#8221; narrative. The Tales From The Crypt host, Marty Bent, is not convinced. He argues that we have to separate CCP from the individual Chinese miners. It\u2019s worth noting that Bitcoin mining is Bent\u2019s field of expertise. He is himself a miner and is involved with some major Bitcoin mining companies. According to Bent, there definitely have been mining farms that operated in mainland China and moved to the US. And sizable operations, at that. He thinks that maybe the Chinese didn\u2019t move all the hashrate to the U.S., but they definitely moved \u201ca material ammount.\u201d He also believes that, even after the ban, there\u2019s definitely hashrate still in China. According to Carvalho, there\u2019s anecdotal evidence that contradicts the theory, but it\u2019s only anecdotal. \u201cWe don\u2019t have enough information about China,\u201d he says. Bent agrees and adds that, due to the permissionless nature of the Bitcoin network, we can never truly know what\u2019s happening. However, \u201cforeign buyers are getting access to new gen miners.\u201d At least to the preorders. Take that for what it\u2019s worth.\u00a0 BTC price chart for 11\/08\/2021 on Bittrex | Source: BTC\/USD on TradingView.com Conclusion And Other China Theories According to Carvalho, using web traffic measuring tools, you could check that traffic to the Chinese mining pools is roughly the same as before the ban. The signing of blocks is manipulatable. \u201cThe only reason we know who mines what is because they say they mined it,\u201d he says. What does this mean? Are the Chinese already mining? Is there an increase in unsigned blocks? Or are they just signing them as non-Chinese entities? They could\u2019ve been planning this for a long time, setting the pieces in place.\u00a0 The TFTC host poses an alternative theory. This one\u2019s based on his conversation with Edwar Evenson from Braiins, who lived in China. According to Evenson, this year marked the 100th anniversary of the CCP, and the theme of the celebration is \u201charmony.\u201d And, sadly, they consider Bitcoin mining as unharmonious. That\u2019s the reason they banned it. Once the anniversary passes, they\u2019ll quietly allow it back. Maybe, but according to Carvalho, the Chinese quietly returning to mining is exactly what would happen if any of the two theories are true. He admits that, to confirm his theory, serious research that he can\u2019t perform needs to be done. So, he leaves it open to the public to step up and do it. NewsBTC did its part by publishing this article. It\u2019s your turn now.\u00a0 Featured Image by panayota from Pixabay &#8211; Charts by TradingView<\/p>\n","protected":false},"author":539,"featured_media":475721,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[6237,84640,953,84636,1119,79479,1310,11059,83762,84635,84633,84634,84629,84632,3930,84631,84630,84638,84637,84639],"class_list":["post-475720","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-asics","tag-assumptions","tag-bitmain","tag-bitmain-asic","tag-btc","tag-ccp","tag-china","tag-china-ban","tag-china-bans-bitcoin","tag-china-bans-bitcoin-mining","tag-china-manipulates-the-bitcoin-price","tag-china-theory","tag-john-carvalho","tag-marty-bent","tag-speculation","tag-tales-from-the-crypt","tag-tales-from-the-crypt-podcast","tag-tftc","tag-tftc-podcast","tag-wild-theory"],"acf":[],"yoast_head":"\n<title>Is This The Reason China Banned Bitcoin Mining? Carvalho\u2019s Mind Blowing Theory<\/title>\n<meta name=\"description\" content=\"Bitcoin entrepreneur John Carvalho might be on to something. In a recent episode of the Tales from the Crypt podcast, he posed his theory on why China\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ktsl888.com\/news\/china-bitcoin-mining-carvalho\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Is This The Reason China Banned Bitcoin Mining? Carvalho\u2019s Mind Blowing Theory\" \/>\n<meta property=\"og:description\" content=\"Bitcoin entrepreneur John Carvalho might be on to something. In a recent episode of the Tales from the Crypt podcast, he posed his theory on why China\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ktsl888.com\/news\/china-bitcoin-mining-carvalho\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2021-11-08T04:06:13+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-11T12:02:18+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2021\/11\/the-great-wall-ge697cc09a_1280.jpg?fit=1280%2C851\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"851\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Eduardo Pr\u00f3spero\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@edprospero23\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Eduardo Pr\u00f3spero\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/ktsl888.com\/news\/china-bitcoin-mining-carvalho\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/ktsl888.com\/news\/china-bitcoin-mining-carvalho\/\"},\"author\":{\"name\":\"Eduardo Pr\u00f3spero\",\"@id\":\"https:\/\/ktsl888.com\/#\/schema\/person\/22c279a7fc27f3d5508cbfd6dc07c37b\"},\"headline\":\"Is This The Reason China Banned Bitcoin Mining? Carvalho\u2019s Mind Blowing Theory\",\"datePublished\":\"2021-11-08T04:06:13+00:00\",\"dateModified\":\"2024-06-11T12:02:18+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/ktsl888.com\/news\/china-bitcoin-mining-carvalho\/\"},\"wordCount\":1028,\"publisher\":{\"@id\":\"https:\/\/ktsl888.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/ktsl888.com\/news\/china-bitcoin-mining-carvalho\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/ktsl888.com\/wp-content\/uploads\/2021\/11\/the-great-wall-ge697cc09a_1280.jpg?fit=1280%2C851\",\"keywords\":[\"ASICs\",\"assumptions\",\"Bitmain\",\"Bitmain ASIC\",\"btc\",\"CCP\",\"china\",\"china ban\",\"China Bans Bitcoin\",\"China bans Bitcoin mining\",\"China manipulates the Bitcoin price\",\"China theory\",\"John Carvalho\",\"Marty Bent\",\"speculation\",\"Tales from the Crypt\",\"Tales from the Crypt podcast\",\"TFTC\",\"TFTC podcast\",\"Wild theory\"],\"articleSection\":[\"Cryptocurrency Market News\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2021\",\"copyrightHolder\":{\"@id\":\"https:\/\/ktsl888.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/ktsl888.com\/news\/china-bitcoin-mining-carvalho\/\",\"url\":\"https:\/\/ktsl888.com\/news\/china-bitcoin-mining-carvalho\/\",\"name\":\"Is This The Reason China Banned Bitcoin Mining? Carvalho\u2019s Mind Blowing Theory\",\"isPartOf\":{\"@id\":\"https:\/\/ktsl888.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/ktsl888.com\/news\/china-bitcoin-mining-carvalho\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/ktsl888.com\/news\/china-bitcoin-mining-carvalho\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/ktsl888.com\/wp-content\/uploads\/2021\/11\/the-great-wall-ge697cc09a_1280.jpg?fit=1280%2C851\",\"datePublished\":\"2021-11-08T04:06:13+00:00\",\"dateModified\":\"2024-06-11T12:02:18+00:00\",\"description\":\"Bitcoin entrepreneur John Carvalho might be on to something. In a recent episode of the Tales from the Crypt podcast, he posed his theory on why China\",\"breadcrumb\":{\"@id\":\"https:\/\/ktsl888.com\/news\/china-bitcoin-mining-carvalho\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/ktsl888.com\/news\/china-bitcoin-mining-carvalho\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ktsl888.com\/news\/china-bitcoin-mining-carvalho\/#primaryimage\",\"url\":\"https:\/\/ktsl888.com\/wp-content\/uploads\/2021\/11\/the-great-wall-ge697cc09a_1280.jpg?fit=1280%2C851\",\"contentUrl\":\"https:\/\/ktsl888.com\/wp-content\/uploads\/2021\/11\/the-great-wall-ge697cc09a_1280.jpg?fit=1280%2C851\",\"width\":1280,\"height\":851,\"caption\":\"Carvalho, the Great Wall Of China\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/ktsl888.com\/news\/china-bitcoin-mining-carvalho\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/ktsl888.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Is This The Reason China Banned Bitcoin Mining? Carvalho\u2019s Mind Blowing Theory\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/ktsl888.com\/#website\",\"url\":\"https:\/\/ktsl888.com\/\",\"name\":\"NewsBTC\",\"description\":\"Bitcoin &amp; 지노사이트 Today\",\"publisher\":{\"@id\":\"https:\/\/ktsl888.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/ktsl888.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/ktsl888.com\/#organization\",\"name\":\"NewsBTC\",\"url\":\"https:\/\/ktsl888.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ktsl888.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"contentUrl\":\"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"width\":157,\"height\":46,\"caption\":\"NewsBTC\"},\"image\":{\"@id\":\"https:\/\/ktsl888.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/newsbtc\",\"https:\/\/x.com\/newsbtc\",\"https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/ktsl888.com\/#\/schema\/person\/22c279a7fc27f3d5508cbfd6dc07c37b\",\"name\":\"Eduardo Pr\u00f3spero\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ktsl888.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/0ab146fdc950bd520dc4179af60b4326?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/0ab146fdc950bd520dc4179af60b4326?s=96&d=mm&r=g\",\"caption\":\"Eduardo Pr\u00f3spero\"},\"description\":\"Eduardo Prospero is an author, a content writer, and a professional rapper. A Bitcoin maximalist in disguise. Working on a Bitcoin book. Venezuelan. He wrote a novel, but it's only available in Spanish. It's called \\\"La Tormenta.\\\"\",\"sameAs\":[\"https:\/\/samplesandexamples.wordpress.com\/\",\"https:\/\/x.com\/edprospero23\"],\"url\":\"https:\/\/ktsl888.com\/author\/eduardoprospero\/\"}]}<\/script>\n","yoast_head_json":{"title":"Is This The Reason China Banned Bitcoin Mining? Carvalho\u2019s Mind Blowing Theory","description":"Bitcoin entrepreneur John Carvalho might be on to something. In a recent episode of the Tales from the Crypt podcast, he posed his theory on why China","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/ktsl888.com\/news\/china-bitcoin-mining-carvalho\/","og_locale":"en_US","og_type":"article","og_title":"Is This The Reason China Banned Bitcoin Mining? Carvalho\u2019s Mind Blowing Theory","og_description":"Bitcoin entrepreneur John Carvalho might be on to something. In a recent episode of the Tales from the Crypt podcast, he posed his theory on why China","og_url":"https:\/\/ktsl888.com\/news\/china-bitcoin-mining-carvalho\/","og_site_name":"NewsBTC","article_publisher":"https:\/\/www.facebook.com\/newsbtc","article_published_time":"2021-11-08T04:06:13+00:00","article_modified_time":"2024-06-11T12:02:18+00:00","og_image":[{"width":1280,"height":851,"url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2021\/11\/the-great-wall-ge697cc09a_1280.jpg?fit=1280%2C851","type":"image\/jpeg"}],"author":"Eduardo Pr\u00f3spero","twitter_card":"summary_large_image","twitter_creator":"@edprospero23","twitter_site":"@newsbtc","twitter_misc":{"Written by":"Eduardo Pr\u00f3spero","Est. reading time":"5 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/ktsl888.com\/news\/china-bitcoin-mining-carvalho\/#article","isPartOf":{"@id":"https:\/\/ktsl888.com\/news\/china-bitcoin-mining-carvalho\/"},"author":{"name":"Eduardo Pr\u00f3spero","@id":"https:\/\/ktsl888.com\/#\/schema\/person\/22c279a7fc27f3d5508cbfd6dc07c37b"},"headline":"Is This The Reason China Banned Bitcoin Mining? Carvalho\u2019s Mind Blowing Theory","datePublished":"2021-11-08T04:06:13+00:00","dateModified":"2024-06-11T12:02:18+00:00","mainEntityOfPage":{"@id":"https:\/\/ktsl888.com\/news\/china-bitcoin-mining-carvalho\/"},"wordCount":1028,"publisher":{"@id":"https:\/\/ktsl888.com\/#organization"},"image":{"@id":"https:\/\/ktsl888.com\/news\/china-bitcoin-mining-carvalho\/#primaryimage"},"thumbnailUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2021\/11\/the-great-wall-ge697cc09a_1280.jpg?fit=1280%2C851","keywords":["ASICs","assumptions","Bitmain","Bitmain ASIC","btc","CCP","china","china ban","China Bans Bitcoin","China bans Bitcoin mining","China manipulates the Bitcoin price","China theory","John Carvalho","Marty Bent","speculation","Tales from the Crypt","Tales from the Crypt podcast","TFTC","TFTC podcast","Wild theory"],"articleSection":["Cryptocurrency Market News"],"inLanguage":"en-US","copyrightYear":"2021","copyrightHolder":{"@id":"https:\/\/ktsl888.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/ktsl888.com\/news\/china-bitcoin-mining-carvalho\/","url":"https:\/\/ktsl888.com\/news\/china-bitcoin-mining-carvalho\/","name":"Is This The Reason China Banned Bitcoin Mining? Carvalho\u2019s Mind Blowing Theory","isPartOf":{"@id":"https:\/\/ktsl888.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/ktsl888.com\/news\/china-bitcoin-mining-carvalho\/#primaryimage"},"image":{"@id":"https:\/\/ktsl888.com\/news\/china-bitcoin-mining-carvalho\/#primaryimage"},"thumbnailUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2021\/11\/the-great-wall-ge697cc09a_1280.jpg?fit=1280%2C851","datePublished":"2021-11-08T04:06:13+00:00","dateModified":"2024-06-11T12:02:18+00:00","description":"Bitcoin entrepreneur John Carvalho might be on to something. In a recent episode of the Tales from the Crypt podcast, he posed his theory on why China","breadcrumb":{"@id":"https:\/\/ktsl888.com\/news\/china-bitcoin-mining-carvalho\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/ktsl888.com\/news\/china-bitcoin-mining-carvalho\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ktsl888.com\/news\/china-bitcoin-mining-carvalho\/#primaryimage","url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2021\/11\/the-great-wall-ge697cc09a_1280.jpg?fit=1280%2C851","contentUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2021\/11\/the-great-wall-ge697cc09a_1280.jpg?fit=1280%2C851","width":1280,"height":851,"caption":"Carvalho, the Great Wall Of China"},{"@type":"BreadcrumbList","@id":"https:\/\/ktsl888.com\/news\/china-bitcoin-mining-carvalho\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/ktsl888.com\/"},{"@type":"ListItem","position":2,"name":"Is This The Reason China Banned Bitcoin Mining? Carvalho\u2019s Mind Blowing Theory"}]},{"@type":"WebSite","@id":"https:\/\/ktsl888.com\/#website","url":"https:\/\/ktsl888.com\/","name":"NewsBTC","description":"Bitcoin &amp; 지노사이트 Today","publisher":{"@id":"https:\/\/ktsl888.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/ktsl888.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/ktsl888.com\/#organization","name":"NewsBTC","url":"https:\/\/ktsl888.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ktsl888.com\/#\/schema\/logo\/image\/","url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","contentUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","width":157,"height":46,"caption":"NewsBTC"},"image":{"@id":"https:\/\/ktsl888.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/newsbtc","https:\/\/x.com\/newsbtc","https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw"]},{"@type":"Person","@id":"https:\/\/ktsl888.com\/#\/schema\/person\/22c279a7fc27f3d5508cbfd6dc07c37b","name":"Eduardo Pr\u00f3spero","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ktsl888.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/0ab146fdc950bd520dc4179af60b4326?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/0ab146fdc950bd520dc4179af60b4326?s=96&d=mm&r=g","caption":"Eduardo Pr\u00f3spero"},"description":"Eduardo Prospero is an author, a content writer, and a professional rapper. A Bitcoin maximalist in disguise. Working on a Bitcoin book. Venezuelan. He wrote a novel, but it's only available in Spanish. It's called \"La Tormenta.\"","sameAs":["https:\/\/samplesandexamples.wordpress.com\/","https:\/\/x.com\/edprospero23"],"url":"https:\/\/ktsl888.com\/author\/eduardoprospero\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Is This The Reason China Banned Bitcoin Mining? Carvalho\u2019s Mind Blowing Theory","url":"http:\/\/ktsl888.com\/news\/china-bitcoin-mining-carvalho\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/ktsl888.com\/news\/china-bitcoin-mining-carvalho\/"},"thumbnailUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2021\/11\/the-great-wall-ge697cc09a_1280.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2021\/11\/the-great-wall-ge697cc09a_1280.jpg?fit=1280%2C851"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Eduardo Pr\u00f3spero"}],"creator":["Eduardo Pr\u00f3spero"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["asics","assumptions","bitmain","bitmain asic","btc","ccp","china","china ban","china bans bitcoin","china bans bitcoin mining","china manipulates the bitcoin price","china theory","john carvalho","marty bent","speculation","tales from the crypt","tales from the crypt podcast","tftc","tftc podcast","wild theory"],"dateCreated":"2021-11-08T04:06:13Z","datePublished":"2021-11-08T04:06:13Z","dateModified":"2024-06-11T12:02:18Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Is This The Reason China Banned Bitcoin Mining? Carvalho\\u2019s Mind Blowing Theory\",\"url\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/china-bitcoin-mining-carvalho\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/china-bitcoin-mining-carvalho\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2021\\\/11\\\/the-great-wall-ge697cc09a_1280.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2021\\\/11\\\/the-great-wall-ge697cc09a_1280.jpg?fit=1280%2C851\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Eduardo Pr\\u00f3spero\"}],\"creator\":[\"Eduardo Pr\\u00f3spero\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"asics\",\"assumptions\",\"bitmain\",\"bitmain asic\",\"btc\",\"ccp\",\"china\",\"china ban\",\"china bans bitcoin\",\"china bans bitcoin mining\",\"china manipulates the bitcoin price\",\"china theory\",\"john carvalho\",\"marty bent\",\"speculation\",\"tales from the crypt\",\"tales from the crypt podcast\",\"tftc\",\"tftc podcast\",\"wild theory\"],\"dateCreated\":\"2021-11-08T04:06:13Z\",\"datePublished\":\"2021-11-08T04:06:13Z\",\"dateModified\":\"2024-06-11T12:02:18Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/ktsl888.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2021\/11\/the-great-wall-ge697cc09a_1280.jpg?fit=1280%2C851","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/475720","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/users\/539"}],"replies":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/comments?post=475720"}],"version-history":[{"count":0,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/475720\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media\/475721"}],"wp:attachment":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media?parent=475720"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/categories?post=475720"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/tags?post=475720"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}