Post
Topic
Board Bitcoin Discussion
Re: Is China's withdrawal from BTC mining conducive to the long-term of BTC?
by
ranochigo
on 08/07/2021, 03:11:30 UTC
56% of the global BTC mining business is conducted using green energy.
Extrapolation of the survey done to a group of miners that is given to 36% of the miners. Whether that is accurate, I'll leave it up to you.
Is China's withdrawal from BTC mining really beneficial to the long-term development of BTC?
No. Any hostile positions against Bitcoin by any country is detrimental to the development of Bitcoin. We should be garnering more support for the governments, instead of the opposite. Mining is probably one of the more lucrative industries to the government. Forcing them out of your country just attests to their distain for Bitcoin.