Bitcoin mining resurfaces in China, defying its ban – ChinaPulse.com – China News, Data, Media Intelligence and Insights

Bitcoin miners are defying the ban on operating in ChinaHas revealed a recent investigation of the University of Cambridge. Despite the fact that the Asian giant has vetoed cryptocurrencies, mining has resurfaced in the country to the point of already placing it as second hub in the world, second only to the United States. The aforementioned study indicates that China already monopolizes more than 21% of the global installed capacity to mine Bitcoin. This marks the gradual recovery that the activity has had after the strong persecution of the authorities. Let us not forget that between June and September 2021,…