I don't know it's actually "more than half" in China, but if need be, I guess that a big part of them will simply move; there are other places too where electricity is cheap. Also ... when is the wet season expected to start? Because then everybody will be happy again and China may try to not send away this big and productive cow they can milk.

But I agree, the uncertainty is bad.

On the other hand, the hash rate and also the price, both are about the levels from the end of January - start of February. Is this the equilibrium? What's next? TA tells it should go up, but it still drops now and then more than I'd like.