🔥🔥🔥 Why has it become third in the world again despite the ban? Is it really true that only the bold survive? 🔥🔥🔥
🇨🇳 China’s mining power has made a strong comeback! Third in the world! 🇨🇳
Just confirmed! The Chinese Bitcoin mining power that was completely eliminated in 2021 has now robustly returned to third place globally! 🚀 According to Hashrate Index data, China’s mining power share has rebounded by 14%, returning to the first tier!
How did all this happen? 🤔
A miner from Xinjiang candidly stated:
"The electricity in Xinjiang simply cannot be exported; it's a waste not to use it for mining. New mining sites are currently under construction, and I can assure you: wherever the electricity price is low, miners will go there." 💡⛏️
According to CryptoQuant, an estimated 15%-20% of the global Bitcoin mining power comes from China. Abundant energy and determined miners are quietly rewriting the power map.
So the question arises:
With the strong return of China’s mining power, will the global Bitcoin mining landscape be completely reshaped? 🌍
