So how successful do you think this Ant IPO is after it got crushed once. Then Jack Ma goes missing and Baidu drops like a rock. I don't think it will be as successful. The time they waited in between gave their competitors time to shorten the gap.
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I read that a lot of Bitcoin mining is moving out of China anyway. They have mixed views of it there, the government I mean. Many are moving to Norway, where electricity is cheaper due to renewable energy and, of course, it is cooler.
As for Ant, I think it will do okay as long as the markets hold up. Right now, everything is doing well, including most IPOs. People are hunting for return.
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Yea I wonder if most of these mining companies will continue to move towards certain sections of the world. It might be dangerous if the companies are centralized to specific regions.
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I read that Iceland is another "hot" spot for Bitcoin mining, makes sense too with all of that geothermal energy:
source
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Yea I saw that from one of @taskmaster4450's post/comment about the ideal temperatures for BTC mining. I think the colder areas will definitely see some more activity.
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It is taking a lot of the miners away from China from what I read.
There is even a mining set up in the artic circle.
Those colder areas should be doing all they can to attract mining.
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Ma is under a lot of pressure from the government now that they are rolling out the digital yuan. He is pretty powerful right now and it's a threat to the government.
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Jack Ma is getting hit pretty hard. I think he dropped from richest person in China to 2nd richest person recently. The government sure isn't pulling any stops to guarantee their control.
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China is very good at that. Ma fell out of favor.
I wonder how long until CZ and Sunny Boi get on their hit list?
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