China received a lot of backlash for its decision to scrap Bitcoin miners from the country. Miners who were forced to relocate swiftly managed to set up their equipment in a new environment and have since been on the journey of recovery. The Bitcoin hash rate fell following the new development, causing mining firms in North America to see a surge in profit as mining competition dropped. While Bitcoiners were affected by the bear trend that the China FUD triggered, market players, didn’t fail to note how much of a loss it would cause China’s economy. China is relentless in…