sadly but yes it is true that bitcoin will suffer due to this .china cheap electricity sources and great geographical locations make it a biggest hub for mining cryptocurrencies,but if they ban farms in china then Neighboring jurisdictions such as Mongolia and Hong Kong will emerge as notable alternatives to China for the nation’s existing Bitcoin miners, namely due to location.Hong Kong is already attempting to establish itself as a major global hub for crypto-assets and blockchain-related technology,but it is expensive to its high electricity rates.Another potential destination for miners may be China’s northern neighbor Mongolia. While operating costs may run a bit higher than China, it is much more budget-friendly than Hong Kong for miners that often time work on razor-thin budgets.Furthermore, it boasts fiber internet connections from China and Russia, ensuring miners have steady access to the network.

apart from this other countries like india and iceland can help due their cheap energy sources.japan and USA already already have expanded their efforts ,they will suffer little due to their higher input cost.