Hello Everyone,
I have a quastion , if china ban miner , bitcoin hashrate will drop back to 2013?
Bitcoin difficult so high because for china miner around 70%
Thanks~
China has actually banned bitcoin miners since 2018, so the effect will not be large now that is only the issue raised again this year to make FUD.
You also don't need to worry that the mining company will be closed because China has banned mining, because many Chinese people have chosen to leave the country to get freedom in mining bitcoin.
Thats not true, they are just doing backroom deals with their buddies and a lot of bribe money is being thrown around. The mining industry in China is full of corruption and they are doing everything they can do squash the competition.