Published on November 14th, 2017 | by bitcoin0
How is bitcoin vs bitcoin cash affected by chinese bitcoin minig shutdowns
Bitcoin mining in Sichuan uses some of this oversupply, very cheaply.
China is still home to a supermajority of Bitcoin mining (around 80% as of July), and the miners wield considerable power.
The interesting thing, however, is the ongoing battles between Bitcoin Cash (BCH) and Bitcoin (BTC), particularly in the past week — as Bitcoin Cash has been wielding mostly-Chinese miner support against Bitcoin.
If shutdowns of mining progress in China, then whoever remains in mining will become the power.
BCH’s ambitions will require convincing the remaining miners that BCH is worth mining and presents a viable future for Bitcoin.