Profits in bitcoin mining are predicted to increase significantly ⛏

The annual migration of bitcoin hashrate by Chinese miners to regions with hydroelectric power over the summer to make mining cheaper in 2021 has been cancelled. Due to a ban by Chinese authorities on mining in several provinces, the average mining time for a bitcoin block has increased to 14 minutes.

The complexity of the network is expected to be recalculated in 3 days. It is predicted that the complexity will fall by 25%, and by the same percentage  profit increases, creating the largest precedent in the history of Bitcoin and unprecedented profitability of mining.

The same ASIC-miners at current electricity costs will earn $6 more profit per day.  So even with the usual complexity adjustments every two weeks — all miners outside of China will surpass their wildest mining projections in 2021.