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#281: Chinese mining theory, bitcoin divisibility, and UTXOs with John Carvalho

TFTC: A Bitcoin Podcast

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Mining in China

China is dominant in the production of asic chips for miners, not just mining directly. And so my theory is basically that they decided to create a demand for after market to combine with fud. They literally took the miners off line. Look at the hash rate. It's dipped significantly. This is the first time it diks, dipped significantly since 20 14. When they start putting next gen miners on line again, we'll see china go back parabolic. Yot, the marginill return on that is a crypto banding announcement ays as been reduced significantly over the earth. I should disclaim, before all of this, mining is probably the thing that i'm less

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