Seems like China is done with Bitcoin. Hash rate has dropped by over 60% in the last few weeks, which confirms that miners are exiting China for good.
How does a Bitcoin exit benefit China in the long term? What do you guys think is China's game plan?
A lot of chatter about this being "China's trillion dollar mistake". I don't think China's dumb, so keen to hear what they might have up their sleeves.
The miners are already shipping their mining equipment to other countries and soon the hashrate will be normal and it has not dropped significantly.The central mining control in China now will be scattered globally and miners will keep running the machines due to the rewards associated with mining and moreover many cold and cheap electricity places have turned positive towards Bitcoin and crypto market so it will not be an issue for them to relocate.How does a Bitcoin exit benefit China in the long term? What do you guys think is China's game plan?
A lot of chatter about this being "China's trillion dollar mistake". I don't think China's dumb, so keen to hear what they might have up their sleeves.
It's not the country. I mean, I heard they went to Canada. Do you believe we'll not hear FUD from there?
So if they have moved to Canada then so called environmentalist might be issuing statements that heat wave in Canada has spread due to bitcoin mining 
.They will not blame global warming and other man made factors for that but still btc is going to surge.