Hash rate has dropped by over 60% in the last few weeks
What? I saw it dropping from ~21 exahashes to just ~19.
China's game plan about what?Do you really think that the Chinese government really cares that much about the cryptocurrency mining industry?
I'm pretty sure, it does. The whole world faces a mania with cryptocurrencies right now.If the hash rate is really dropping and the miners are leaving China,that's great.We will finally stop paying attention to all the FUD coming from China and China will stop "banning" Bitcoin/crypto every week.
It's not the country. I mean, I heard they went to Canada. Do you believe we'll not hear FUD from there?China has no benefit and no damage from kicking out all the crypto miners,because the miners influence over the Chinese economy is totally insignificant.
China may indeed have no direct benefit from keeping their crypto miners, but I believe they could find their way to earn a profit or a tax by their power usage.