As long as there's money to be made, which there undoubtedly is (right now), Bitcoin mining will just move somewhere else. Also, as the Chinese proverb says, t

As long as there's money to be made, which there undoubtedly is (right now), Bitcoin mining will just move somewhere else. Also, as the Chinese proverb says, the mountains are high and the emperor is far away. Liberal use of the death penalty hasn't solved China's drug problem, a few Politburo decrees aren't going to stop China's Bitcoin mining.