Quote from: |MINER| on Today at 05:23:25 PM

China not is it will be the China was the largest producer of bitcoin mining before the banning or crack downing the mining sector. China considers Bitcoin and its mining a threat to their economy and banned both Bitcoin mining and trading in May 2021, before that China was the largest country in the Bitcoin mining sector with not only just 60% it's up to 65% on some websites I saw up . But in the current context that is no longer the case. If they restart it, it will not only benefit them but also the entire global Bitcoin community.

Banning of Bitcoin mining really affected the entire operation of the project. It's the major reason behind the sudden dump of Bitcoin in the market which have stayed for a lengthy period of time. Owning 60% of the mining sector was a hugh one for China and balance stability was triggered in the space. China is a developed country, they're responsible for the high rate of mining of bitcoin. Bitcoin mining sector was labeled weak during 2021 section, but I believe the mining sector would bounced back stronger if there's lift of Bitcoin ban.