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1 sat \ 2 replies \ @k00b 20 Jul 2021 \ on: The Bitcoin Miners banned from China are coming back online in force, bois! bitcoin
Curious where the miners are ending up. Being in Texas, everyone thinks they're ending up out here, but how can we tell?
Apparently some went to Khazakstan and the US. I'm sure there are other destinations.
I think this is a huge buying opportunity as morons assumed the China miner crackdown and subsequent hash rate dump are somehow bad for Bitcoin. Another short term view getting in the way of the long term. No more "mining is centralized in China" FUD.