The Chinese gov is so stupid.
the Chinese government does not want decentralized things and for that they are not worried whether or not they will suffer losses by sending the miners away, as long as they have control over their people and there is nothing decentralized in their country, that is okay.
I dont think miners have been sitting on their hands. Some people have already moved their hardware out of China.
they made the best decision, stay a country like china is something very dangerous
I'm curious if this exodus will actually decrease mining centralization or not. There's a popular belief that somewhere between 70% and 80% of mining power concentrated in hands of just a few pool owners, and that Bitmain can leverage their monopolistic position influence the miners, so even if Chinese miners will scatter across the globe, they still might depend on Bitmain and pools. But if these centralization fears are overblown, this exodus might be a good thing, because we will be sure that a single government can't seize enough equipment to get majority of Bitcoin's hashpower, unless majority of Chinese miners will move to a single country.
this is the good part of this situation, to have many miners scattered around the world and not to have a concentrated power in only a group of people located in the same region