This news is slowly coming out but over half the Bitcoin miners are Chinese entities!
What would happen if the Chinese Govt took the mining over from the entities: It is a scary possibility and i was made aware of it on a you tube channel that has 200,000 subscribers!
Well, I cant quite say that this is true as I am still looking for news and researches to support this but, I do think that it is impossible for one entity to completely cover and mine the bitcoin. The internet is huge and the servers that can support this are also huge and I think that even if a large number is chinese it just means that the resources are with them. But we can still have pur own mining towards butcoin and it is not a monopoly.