Bitcoin mining is a decentralized process. Miners leaving China's large mining pools will not have much impact on Bitcoin mining. What's more, some domestic mines have moved their mining machines to Iran and other Middle Eastern countries that generate electricity from natural gas resources to obtain cheaper electricity prices. In this process of circulation, the mining industry, which was once criticized as centralized, has gradually shown a trend of decentralization geographically due to cost and profit considerations. Although the ban on mining will undoubtedly have a huge impact on China's mining industry and is likely to kill the entire industry overnight, the global Bitcoin network will continue to move forward. Miners’ shifting positions may bring some minor problems, and mining costs may increase slightly in the short term. However, in the long run, China’s ban on Bitcoin mining is unlikely to cause serious problems to the global Bitcoin network.