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This is good for Bitcoin.

• ulzeraj 5y ago
  Unironically. - Reduces the alleged hold on China's bitcoin dominance to either attack the network or weaponize it. - Reduces the network reliance on china subsided coal power. The network will still function after the Chinese miner turn off their machines. Although its going to be a bit slower until next difficulty adjustment.
  • StavrosK 5y ago
    So, conversely, if a company were to deploy massive BTC mining rigs in China, it would be bad for BTC?
    • ulzeraj 5y ago
      From a PR standpoint, yes. Public opinion will deteriorate. Bitcoin is being criticized for using China's energy grid which heavily relies on coal. People should look into the root of the problem instead and I do hope this change suggests that China might be looking into better energy production methods.