Just an fyi, China isn't really out of the way, this is just a temporarily issue that will be resolved one way or another, IMHO. The large mining operations in China are being moved to other countries with cheap power sources including the US. Some of the other operator are selling their equipment to other mining operations so it just takes time for these machines to relocate and get back online.
The other potential outcome is for China to allow the miners to continue operating again (as they have done multiple times in the past after outlawing it). China it just trying to force control and they hope to release their own crypto currency and try to dominate the market world wide. Although they can force their internal people to adapt their crypto, I am not to sure it will be accepted for international trade if China is controlling it. They will be back in the same position as they are for their own FIAT. It will only be used in exchange for other valued crypto or FIAT because no one trusts the Chinese government for fiscal responsibility and will not want to hold the Chinese crypto.
This all said, I do like that China has cracked down hard on the large mining operations that were running off of electricity generated from coal plants. This crack down is both positive for the world environment and also helps the image of crypto currency mining as it shifts to more green energy sources.
In the short run, all other mining machines are running more profitably (mine included) so it is good for now.
