I'm not sure if it's economically possible to compete with Chinese Bitcoin miners for a number of reasons. To get around capital controls Chinese nationals inve

I'm not sure if it's economically possible to compete with Chinese Bitcoin miners for a number of reasons. To get around capital controls Chinese nationals invest in ASICs and mine to move money out. There is incredibly cheap power in China due to government subsidized hydroelectric and coal. Supposedly many miners bribe power officials and get free electricity. ASICs for Bitcoin mining are made in China and I assume are much cheaper there? It doesn't really matter where the miners are though unless they are colluding due to political reasons to reject transactions.