Sorry for the noob question but if the mining goes on outside of China, isn't that a good thing? At the very least, there is the semblance of law and business rights. Also, if China bans mining, wouldn't that increase the scarcity?
Again, not a veteran. Just wondering why the negative sentiment?
Thats what they are doing . i saw news on twitter some of those mining rigs are shipped overseas and one of them is also to the usa. china government strictly prohibits bitcoin mining on a large scale. because there are many new companies that are specifically only for mining this bitcoin.