Can Bitcoin Mining Get Rid Of Chinese Domination Soon?

Can Bitcoin Mining Get Rid Of Chinese Domination Soon?

It has been observed that the most active Bitcoin (BTC) miners have shifted to China in the past few years. For this reason, China has managed to become the No. 1 country in Bitcoin mining. The fact that Bitmain is based in China is one of the biggest reasons why the country ranks first in Bitcoin mining. Can China Control the Bitcoin Network? The fact that all BTC miners in China control more than 50% of the hash rate on the network is seen as a big danger. Although the Bitcoin Miners found are from different companies, the possibility of a possible merger means that the Bitcoin network can be technically captured. The famous cryptocurrency analyst PlanB said in a response to a question on Twitter that he thought that the most hash power was no longer in China and that it might change. PlanB stated that the leading countries in the hash rate were the USA and Canada, and that China will be passed soon, even if it has not been crossed yet.