Just trying to get a handle on it, so I understand... I guess my question simply is. Is BTC mining scaling? I believe it does scale. but will it ever scale so far back (if it needs to) that if regular desktops need to mine, they can? What if 95% of all miners using ASIC just quit now?
People used to mine with their GPUs before ASICs were a thing, so yeah. People will inevitably pick up the slack though, because in that scenario, mining would be a very profitable opportunity.
I would also like to note that Chinese miners have started to diversify geographically. If you're worried about them losing business thanks to the CCP, I bet you they're far more worried lol.