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So now we have some news that apparently China is thinking about Banning Crypto Mining in China. At first, my initial reaction is here we go again FUD from China arrives. If you don't know this then let me remind you that China announced Banning Bitcoin numerous times but never banned Bitcoin but only created FUD but later when their tricks weren't affecting the Market anymore they finally Banned Bitcoin even then there is still a lot of Trading Volume coming from China itself so it was for nothing at all.

Now they have come up with the Idea of Banning Cryptocurrency Mining in China. If you don't know this then let me state the obvious fact that China currently holds the Biggest share of the BTC HashPower which means the majority of the Bitcoin Mining Operations is done from China.

So is this Bad for Bitcoin?

Not completely, as we all know we have the BTC Difficulty adjustment which happens every two weeks so if a lot of HashPower is removed from the BTC Network it will adjust itself in two weeks and increase the Reward for the other Miners plus it will also make the Bitcoin Network more Decentralized which is a huge benefit. As of now there is no confirmation from the Chinese Government so we can only wait and see what happens next.