This has to be expected, those greedy Chinese should have smell it from afar that the government is really clamping everything that has bitcoin sign all over it. One thing that I'm seeing is that if they are really banning it, the price will be severely affected, just like when they banned ICO and closes their local trading platform. But closing mining farm is different, it will really disrupt the economics of bitcoin. However, there are also news that Japan will get their hands on mining as well. So at least we have another country that will enter the picture. Lately there's news that Bitcoin is looking at Quebec and Switzerland to be their new mining farm. So it ever there's a effect, it should not last long and we may see that bitcoin can slowly recover again.