65% of Global Bitcoin Hashrate Concentrated in China. Half of the country’s hash rate is produced in just one place, the autonomous Xinjiang region, which makes up 35.76% of the global total. Can bitcoin be banned there and, if so, will it effect the crypto market?
I don't think it'd be all too negative, miners would benefit from this tbh. Also it's interesting to see merged mining platforms benefiting from over 50%, saw that rootstock recently got to like 60 something percent, that's pretty great! I also don't think china will outright ban crypto, it's not on their best interest