Russia took third place in the world in bitcoin mining

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Finally, China gets 0 (zero) percentage, which looks very different from previously. While US is leading because China has no longer a part of the countries that contribute to Bitcoin mining. What I am thinking now is 'Will China revise the decision of BAN Bitcoin?'. If they plan to revise it, there is a chance for Bitcoin miners to go to China again. Or they will ignore it because of the bad story in China previously.

Even if we suppose that down the line China could change its current policy I have my doubts we are going to see miners moving to China immediately, something that business hate is the constant change of rules, they like stability so they can plan to the future and make projections about their profits and their costs.

But something like this is not possible when the government is changing the rules constantly, so if that were to happen I would expect miners to be reluctant to move there for a few years until they are confident a ban will not happen again anytime soon.

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[LUCKMCFLY]

It is gratifying that Russia is accepting this activity, in fact the global hash rate of mining is increasing, and its fact that despite the fact that China banned mining, the options to migrate to other countries and go to practice this activity are are seeing very good results:

The decline in the price of Bitcoin has impacted the miners, but due to the reduction in competition, some entities are capable of mining more BTC. Therefore, their hashprice and profitability increase. The report added:

If Bitcoin makes another run this year at an all-time high, we’ll see USD-denominated hashprice break  its yearly high of $0.41, especially if the fee market picks up (more on this later).

Source: https://bitcoinist.com/bitcoin-mining-metrics-continue-to-spike-in-most-profitable-year-ever/

From the optimistic point of view, these things help the price of BTC a lot, it is likely that it will continue to grow in price, but we have to wait, as long as the mining activity continues, the BTC will have even more value.

when prices go up, it's profitable. the more profitable the farmers are when electricity is cheap like in Kazakstan. this is good for US to take the place on top since China left. chinese miners fleeing from China.

if they could just remove that regulation plan and let it grow for now and let it be adopted by people, it will make the senators learn how it all works. and when they know how it works, they will eventually learn where they'd put their regulations in place.

Exactly, although at one point the price of BTC was very low that even the people who had the antminer S9 were about to put them aside for being obsolete, but thanks to the fact that the price rose it did not happen, however due to the restrictions and prohibition in China, in Texas which is a State of the USA, many miners have gone there, no matter that the price of electricity is very high and they are doing things from there, also from El Salvador they want to take advantage of the energy of volcanoes to generate mining, geothermal energy.