Due to the big blackout in China, the government has decided to ban mining and I have verified that, indeed, many mining facilities are closing. I have seen that there has been a nice cut of hashpower but, I have also found that some hosting centers have closed. This could be good because fewer miners would have more income.
You have verified the banning but you don't even give a link about this here? yeah that is fair
due to this decision the Market starts to full down and even make bitcoin fall to below 30k once more.
~snip
my idea is: low hashrate low value. Cause the btc price go up when the hashrate go up
It doesn't matter because if the mining stops in China, pretty sure that a lot of people from different countries are going to replace them albeit slowly so worrying for the long-term isn't the best thing to do.
Actually a state in US are planning to cover this mining losses from china and willing to adopt those miners inside their city .
i just forgot what state was that. if I'm not mistaken that is Texas ?