HashrateMigration
51 views
1 Discussing
Hot
Latest
⛏️ China’s 2021 Bitcoin Mining Ban — And How Miners Outsmarted It
In mid-2021, China shocked the crypto world by announcing a full-scale ban on Bitcoin mining, citing environmental concerns and financial stability risks. At the time, China accounted for over 60% of the global BTC hash rate.
🚫 The government shut down mining farms overnight, seized equipment, and cut off electricity to large operations — wiping out more than half the Bitcoin network’s computing power in days.
🌍 But the miners didn’t disappear — they migrated. Within months, mining hubs popped up in Kazakhstan, the U.S., Russia, and Canada, with Texas becoming a new mining capital thanks to cheap renewable energy.
⚡ The Bitcoin network survived, adapted, and even became more decentralized. The hash rate eventually recovered and hit new all-time highs.
📢 China’s ban was supposed to kill Bitcoin — instead, it made it stronger and more global.
🏷️ #BitcoinMining
#ChinaBan
#HashrateMigration
#CryptoResilience
#BTC2025
In mid-2021, China shocked the crypto world by announcing a full-scale ban on Bitcoin mining, citing environmental concerns and financial stability risks. At the time, China accounted for over 60% of the global BTC hash rate.
🚫 The government shut down mining farms overnight, seized equipment, and cut off electricity to large operations — wiping out more than half the Bitcoin network’s computing power in days.
🌍 But the miners didn’t disappear — they migrated. Within months, mining hubs popped up in Kazakhstan, the U.S., Russia, and Canada, with Texas becoming a new mining capital thanks to cheap renewable energy.
⚡ The Bitcoin network survived, adapted, and even became more decentralized. The hash rate eventually recovered and hit new all-time highs.
📢 China’s ban was supposed to kill Bitcoin — instead, it made it stronger and more global.
🏷️ #BitcoinMining
#ChinaBan
#HashrateMigration
#CryptoResilience
#BTC2025
Login to explore more contents