The Chinese government put the crypto market in panic about a year ago after intensifying its efforts to crack down on mining activity. BTC PEERS reports that many provinces have taken steps to ban crypto mining, which led to the exodus of thousands of miners from the area.

Although Bitcoin mining has been technically banned in China, it is gradually gaining ground. According to data from the University of Cambridge, the country is now the second-largest contributor to Bitcoin’s global hash rate, closely following the United States.

China contributes approximately 21.1% of global BTC hash rates. With 34.7% of the global BTC hash rate, the US leads. Kazakhstan comes in at 13.2%.

China’s share of the global hash rate began falling even before the official ban on mining. The clampdown on mining activities exacerbated this trend. It is notable that the Cambridge Bitcoin Electricity Consumption Index saw no activity from Mainland China in the last half of 2021. Alexander Neumueller, CBECI’s project leader, told Cointelegraph.

The data we have collected empirically supports the assertions of insiders in the industry that Bitcoin mining continues within China. Despite China’s decline in mining, it still appears to have about one fifth of all the hash rate.

We can safely assume that China’s stringent government stance was not enough to stop Bitcoin mining. Miners, however, have come up with creative ways of evading officials.

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