Can we all take a moment to thank China for their ultimate sacrifice by shutting themselves off from the future.

China was the dominant mining force of the world. Dominant is a way that it was starting to become concerning that they hold too much power. 65% of the hashrate.

Controversies were flying around that BTC is their brain child to dominate the world economy. Well that FUD has been broken thanks to their own callousness, inability to comprehend their own power and shutting themselves off from the new paradigm.

Nevertheless they still hold 46% of the hashrate. Even despite the mining ban. However it has lost the 51% dominance and other countries like the US, Kazakhstan, etc are catching up.

The hashrate in China could continue to fall as their government keeps cracking down on the miners.

Thank you for giving us a hard reset and giving other countries a chance to catch up.

Edit: By using "China", I was referring to their authoritarian government. Not the people.