Chinese authorities have seized nearly 7000 crypto mining machines that are illegally consuming electric power, really hope this won't affect bitcoin in any way? And why are people doing this? Prove of staking is a better option and no one will ever know you are mining anything, i am not saying POW miners are bad but illegally? Come on! It's not worth taking such risk when they know they can be caught, they can earn same profits from Staking
Full news is right here
https://cointelegraph.com/news/chinese-authorities-confiscate-nearly-7-000-crypto-mining-machinesWhat I caught from the article was the number of greedy people who violated state rules, I think it's legitimate because it's clear they are illegal. But if it has an impact on the miners who follow the rules, I think we also have to take action because it is detrimental, such as the price of bitcoin falling because of irresponsible parties, I think we all have to play honestly and don't need to overdo it in any case and consider repeat whether what we are doing is good or bad for the other party.