It's interesting that the news reports that China is cutting miners off of subsidized electricity, but bitmain is racking in hundreds of units a day.. Where? Are their bribes just so thick that their power usage is immune to these new regulations? Or the reports are just BS, maybe - I was expecting to see s9's flooding out of China as displaced miners scrambled to roi. Again, nothing.
China is corrupt, throw a few reminbri around, everyone looks the other way.