A very good podcast that discuss in length about Chinese miners:

https://podcasts.apple.com/us/podcast/on-the-brink-with-castle-island/id1480586463

Some key takeaway

  • Miners are not loyal to mining pools and move hashpower around
  • Miners are directionally long BTC and are not incentivized to harm Bitcoin
  • Hashpower is migrating towards USA
  • Most BTC has been mined already
  • US-based institutions have significant power

submitted by /u/stackingsatseveryday
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