You appear to be much more successful at mining spammers mate !!
As you pointed out, the problem with micromining is now the transaction costs of cashing out. I was chatting last night with a guy who uses an app called earncrypto, not sure what is, but he managed to get up to the minimum $10USD checkout amount and it's taken a month to get his bitcoin. Probably sites like this wait till they have an amount worth creating a transaction for but it just shows the ridiculous costs and time involved with bitcoin.
You make an excellent point about the future of proof of work crypto currencies, it will be interesting to see what happens.
As for the chinese, I truly believe they practically own bitcoin, all a cover up. They might stop the banks dealing with their citizens but theyre not stopping the industry. Have you seen the giant bitcoin mines running in China ?
Have a great weekend fella :-)
It's funny that they don't go for all my posts. It probably depends on the tags.
Mining is a big business in China, but it just doesn't seem to scale. If there's a serious crackdown on it then it could be good for coins like Steem.
Have a good one yourself :)