You are worrying too much buddy. If China does go through with the ban, the mining companies like Bitmain etc won't just shut shop, but would relocate to other countries where they can continue their operations smoothly in a legal manner.
Understood, but I was also wondering if mining would drop at least temporarily, assuming the current miners in China did not make plans in advance as to where they were going to relocate to, and assuming also that they are going to relocate. They won't give up a profitable operation like that easily, I don't think but it might take time to establish a mining farm in another country.
Why would it go down?Yeah there are a huge percentage of bitcoin miners there in china but im pretty sure they can easily transfer their operation to another country it may drop for a while?but it will be good in just a few days
Yes, it sounds easy enough but sometimes reality doesn't match our idea of easy, does it? But whatever the outcome, I am hoping China's stupid ban doesn't affect these miners, because the network does need their hashing.
