🇨🇳 China's Hidden Dominance in Bitcoin Mining: 65% Still Under Its Influence

Despite China's 2021 mining ban, 55-65% of global Bitcoin mining still connects back to Chinese capital, hardware, or expertise, reveals new data. Here's the breakdown:

🔧 China's Mining Stronghold

✅ ASIC Monopoly – Bitmain, Canaan & MicroBT (all Chinese) control 99% of mining rig production
✅ Global Expansion – These firms now build US bases to bypass Trump-era tariffs
✅ Stealth Mining Continues – Some operations still run in China via:

Renewable energy loopholes

Heat-recovery partnerships with local govts

🇺🇸 US Growth vs. Chinese Roots

📈 US Hashrate Share: Up from 4% (2019) → 38% (2025)
⚠️ But... Most "American" farms still use:

Chinese-made ASICs

Chinese technical consultants

Chinese-linked capital

⚡ Political & Economic Implications

🔹 Trump’s Bitcoin Push – His administration backs mining as a US vs. China economic battle (e.g., Trump sons’ $220M mining venture)
🔹 Full Decoupling? Experts say 3+ years needed for US to achieve true independence

🔮 What’s Next?

More US-based ASIC production (but still Chinese-owned)

Rising geopolitical tensions over mining control

Potential new tariffs/regulations on Chinese-linked ops

#CryptoNews #Mining #china #scalper #US

Can the US truly break China's mining dominance? Share your take! 👇