China's computing power is making a strong return, fundamentally driven by energy arbitrage. Regions like Xinjiang are unable to export excess electricity, creating a low-cost mining environment. Although there are bans in place, miners have turned to underground/gray operations, surviving by exploiting differences in policy enforcement.
The core logic remains unchanged: computing power will always flow to the cheapest energy sources. Currently, 15%-20% of the global Bitcoin computing power still comes from China, proving that blocking is less effective than allowing. The future will see ongoing struggles between regulation and the market, but China's energy endowment makes a complete exit unlikely.
If you are still holding positions and facing liquidation in the crypto space, it's time to find a reliable guide. Follow Lao Luo to avoid traps and seize market opportunities! Remember: you can't earn money outside of your understanding, but by following Lao Luo, you can quickly bridge that knowledge gap!
