Bitcoin mining has seen a resurgence in China despite being banned since 2021, with miners quietly starting operations to use cheap electricity.

China Now Accounts For 14% Of The Global Bitcoin Hashrate

Back in 2021, China enforced its infamous Bitcoin trading and mining ban , triggering a bearish slump for the market and resulting in a global Hashrate crash. At the time, the country made up the largest share of BTC mining in the world.

The crackdown meant that the nation’s miners had to relocate elsewhere, which was a slow process, and it wasn’t until many months later that the cryptocurrency’s Hashrate, a measure of the total amount of computing power connected to the network, was able to recover.

As data from Blockchain.com shows, the 7-day Hashrate witnessed a decline of more

See Full Page