Why China shut down mining farm? Carbon Emission.
here is one great article, Predicted this shutting down action.
Bitcoin Segwit2M (B2X)-Green and Scaled bitcoin.
https://bitcoinnewyork.medium.com/bitcoin-segwit2m-b2x-green-and-scaled-bitcoin-3f0b0b32ac64China are shutting down all high energy consumption, high pollution factory, because of Carbo emission. this is global govs unified action.
we will see the hashrate drop 30-50% at the end of this year. because in winter, all Chinese farm are shut down : no enough hydro , and gov control the carbon emission, shut down the coal-burn electricity supply.
good timing for over sea miners join mining. if you have cheap than 4 usd cent electricity, and enough capacity.
Didn't Elon recently say that he he will accept BTC for Tesla cars again because did the math wrong and Bitcoin is not as harmful as he thought it was?
I mean even the smartest man alive is allowed to make mistakes sometimes. I guess we can forgive him for that. The question is... why don't the Chinese believe Elon?