Bitcoin mining in China is rising again. From dominance to ban to resurgence, this makes an engaging story. Before 2021, China controlled a large share of global Bitcoin (BTC) mining. Data from the Cambridge Bitcoin Electricity Consumption Index shows that Chinese miners produced about 65% of the world’s Bitcoin computing power in 2020.In 2021, the Chinese government moved to stop mining activity. Authorities cited concerns about financial risks, capital outflows and the high electricity use required for mining. In September 2021, the People’s Bank of China declared all cryptocurrency transactions illegal and confirmed the nationwide ban on mining.Read more Bitcoin mining in China is rising again. From dominance to ban to resurgence, this makes an engaging story. Before 2021, China controlled a large share of global Bitcoin (BTC) mining. Data from the Cambridge Bitcoin Electricity Consumption Index shows that Chinese miners produced about 65% of the world’s Bitcoin computing power in 2020.In 2021, the Chinese government moved to stop mining activity. Authorities cited concerns about financial risks, capital outflows and the high electricity use required for mining. In September 2021, the People’s Bank of China declared all cryptocurrency transactions illegal and confirmed the nationwide ban on mining.Read more
Why China’s Bitcoin mining activity is surging again after a 4-year crackdown
Bitcoin mining in China is rising again. From dominance to ban to resurgence, this makes an engaging story.
Before 2021, China controlled a large share of global Bitcoin (BTC) mining. Data from the Cambridge Bitcoin Electricity Consumption Index shows that Chinese miners produced about 65% of the world’s Bitcoin computing power in 2020.
In 2021, the Chinese government moved to stop mining activity. Authorities cited concerns about financial risks, capital outflows and the high electricity use required for mining. In September 2021, the People’s Bank of China declared all cryptocurrency transactions illegal and confirmed the nationwide ban on mining.
Read more
Market Opportunity
4 Price(4)
$0.0255
$0.0255$0.0255
USD
4 (4) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact [email protected] for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
You May Also Like
With retail investor traffic and institutional investors entering the market, what's next for BNB Chain?
Author: Viee I Biteye Content Team In recent days, news of Twitter integrating its trading features has sparked a new round of discussions about entry points. Amidst
Share
PANews2026/01/15 18:59
Real Madrid Stars ‘Broken’ And ‘Think They Are Sh*t’ After Copa KO
The post Real Madrid Stars ‘Broken’ And ‘Think They Are Sh*t’ After Copa KO appeared on BitcoinEthereumNews.com. Real Madrid is ‘broken at the shaft’ while its
Share
BitcoinEthereumNews2026/01/15 19:17
USDC Treasury mints 250 million new USDC on Solana
PANews reported on September 17 that according to Whale Alert , at 23:48 Beijing time, USDC Treasury minted 250 million new USDC (approximately US$250 million) on the Solana blockchain .
Share
PANews2025/09/17 23:51