The Chinese government deliberately favors Bitcoin (BTC) mining, and may actually want to centralize the activity and control the network, commented the CEO of Binance, Changpeng “CZ” Zhao.
https://twitter.com/cz_binance/status/1205178744287031296
Zhao’s statement was all-encompassing, essentially suggesting China may want to centralize Bitcoin mining. Currently, this is not far from achievable, as more than 60% of block discovery is happening with Chinese pools, based on local ASIC farms.
China also has one of the lowest breakeven prices for BTC, whi...