If I was the leader of a sovereign state hearing about China banning BTC mining and only considered the economic incentives – I would entice the 360k TH/s Dalian hydro-powered operation to set up shop on my turf. That’s 750 BTC ($40m) a month added to GDP.

We’d take it from there:
– strategic placement of operations to warm buildings with output heat
– non-zero sum flowing into the community via payroll and expanding the tech-focused labour pool
– partner with miners to invest in the energy infrastructure, nudged towards sustainable options

Note that this is possible from indirect miner involvement, imagine what happens when actively partaking in the Web3 movement to build decentralised, democratised, and far more resilient and inclusive platforms. Now consider, 750 BTC is only 3% of block subsidies per month (in this halving interval). The game-theoretical properties of the protocol makes it difficult to ignore.