We can't beat cheap electricity+labor+Mining rig they are the one whos in top of manufacturing and energy sector but still it has many drawbacks like pollution unless they can shift to renewal energy then its hard to chase them. We just have to grasp that without government participation on our each country its hard to populate peoples mind to use bitcoin.
It can be beaten by other countries. Howeve it would take time. People in Chiana were well trained to be more productive but there is a problem to them, that is their lack kf discipline and greediness. They are thristy in powere in which they are copong to be the best.bhowever, I do believe that some country can beat them soon.Yes it is true that there are many large bitcoin data centers of mining farms are located in China due to cheap electricity but not everyone are Chinese owned companies but some are owned by investors coming from other parts of the world. Sooner or later miners in China will be replaced in the list of the top ten major mining center in the world. Europe are now moving and establishing solar powered bitcoin mining farms and if they will succeed they will soon overtake China.
