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!
This is not a news for at least a few years already. In other words, you are late to the party, mate. And if you think that the Chinese authorities don't already have control over the biggest miners, you simply don't know how such matters stand in this country. They don't need to take over the miners as they are already controlling them as much as they want. I wouldn't be surprised to find out one day that some high-ranking Communist party members are actually standing behind many of the biggest miners in China.