so the Chinese government could seize outgoing shipments of miners as they are being shipped overseas, and the Chinese government could force mining manufacturers to produce additional ASICs for the Chinese government.
Just so you know there is no "seize" in this, not sure what the news is saying but the truth of the matter is I have helped a few clients order a few hundred miners from China in the past few days and some of the gears have already passed China borders with no issue, the Chinese government told the miners in some regions to stop mining, so mining is "illegal" but owning/selling/buying Asic gears is NOT, so if the government is going to seize anything (which I doubt) it will be a small percentage of gamblers who still mine in "secret", but that is just a small number of miners which doesn't make a huge difference.
Do you have a link to some of these studies? I would be interested to read them. Thanks in advance.
Here is one >
https://cbeci.org/mining_mapThere is honestly a ton of evidence that suggests China "had" more than 50% of the hashrate, it's all over the place you don't even need to research it, after this mess is over, the numbers will change but we don't know to what extent, it will take some time for the data to be accurate again.
On a side but related note, we are about to have one of the largest difficulty drops in Bitcoin's history.
Well that is the question how much comes back on line.
I have seen offers for huge moq worth of used mining gear.
So obviously all has not been seized or destroyed.
I can go on telegram and find 5 major sellers selling 1eh worth of used gear.
But 70eh went off line.
So how much comes back?
Personally I think we get another drop after this one.
this one will drop from 19.9 to 15.0
next drop I think and or guess will drop us to 13.5