A very good podcast that discuss in length about Chinese miners:
https://podcasts.apple.com/us/podcast/on-the-brink-with-castle-island/id1480586463
Some key takeaway
- Miners are not loyal to mining pools and move hashpower around
- Miners are directionally long BTC and are not incentivized to harm Bitcoin
- Hashpower is migrating towards USA
- Most BTC has been mined already
- US-based institutions have significant power
submitted by /u/stackingsatseveryday
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