10 ms·
> Would that artificially drive the price up because the btc is being mined less? No, demand causes price, mining follows price. It just makes the remaining mi
by tromp 9y ago
> Would that artificially drive the price up because the btc is being mined less?
No, demand causes price, mining follows price. It just makes the remaining miners more profitable, so they are incentivized to expand. In the end, China's hashpower will just appear to have migrated abroad.