its good news
It's only good news for me because it affects Jihan Wu's operations as main player in this market. I can't wait to see him lose his dominant position in this market, which will result in him becoming a less powerful figure as time goes by, and thus less of a potential threat. Seriously, Bitcoin made him the wealthy and powerful being that he is, and he has no problems taking Bitcoin down if he has the chance to do so, the bastard that he is. If we look at the rest, then it's nothing really to be excited about. It might offer miners cheaper hardware in the long term, but that's not something non miners should even care about. For that reason I don't even understand all the 'good news' posts here. If you think this 'news' will steer Bitcoin towards a new all time high, you'll be up for a big disappointment.