China Bitcoin Mining Ban?

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In this video, I discuss the history of China Bitcoin bans, as well as what might happen if a full Bitcoin mining ban is put into place in China.

If China bans Bitcoin mining, the hash rate will fall temporarily, as Chinese miners unplug and try to relocate and miners outside of China ramp up capacity. The difficult rate will also adjust down after 2 weeks, to make it easier to mine Bitcoin.

Nothing else will happen. The Bitcoin network is controlled by full nodes, not Bitcoin miners. The miners work for the network and full nodes, and will be bypassed if they do not follow the rules.

Bitcoin continues to be decentralized and robust, unlike all altcoins.

Not investment advice! Consult a financial advisor.

China has banned Bitcoin and Bitcoin mining many times:
https://twitter.com/WIRED/status/408747743201329152
https://twitter.com/Cipherhoodlum/status/1395269387586875392/photo/1
https://www.theverge.com/2017/9/18/16326078/chinese-regulators-ban-cryptocurrency-platforms-bitcoin
https://www.coindesk.com/china-reiterates-crypto-bans-from-2013-and-2017
https://www.coindesk.com/bitcoin-slips-37k-china-vicecrackdown-mining

Bitcoin mining pool stats:
https://miningpoolstats.stream/bitcoin

Who Actually Controls Bitcoin (Miners, Corporations, Whales?)
https://www.youtube.com/watch?v=YDJpubYpmVg&ab_channel=TraderUniversity

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#Bitcoin
#China
#BitcoinMining

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Kane Dane