I'm a big crypto hater, but honestly this seems like a nothingburger. Difficulty will go down, other mining pools will expand, some of these machines will get

I'm a big crypto hater, but honestly this seems like a nothingburger. Difficulty will go down, other mining pools will expand, some of these machines will get shipped to other nations. Unless they all literally got confiscated by the CCP and immediately set to work on a hostile attack on bitcoin this isn't going to lead to a 50% attack. After 6 months mining will probably be about back to where it was. The only way this would be really bad would be if it led to forced liquidation on the open market somehow. As long as China is happy if they move their machines and bitcoin and maybe their persons out of the country then I don't see how this changes much. Even if they start arresting people that doesn't directly lead to bitcoin being dumped. Now if the CCP confiscated many billions of $USD in bitcoin and then dumped them on the open market all at once just to nuke crypto because they were sick of it, that'd do it.