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China is back among the leaders in bitcoin mining despite restrictions

China is back among the leaders in bitcoin mining despite restrictions

After the local government imposed a ban on mining in the country last year, China still accounts for more than 21% of the total global bitcoin network hashrate.

Miners in China accounted for 21.1% of the total global hashrate distribution in January 2022, according to a new report from the Cambridge Center for Alternative Finance. Despite the restrictions imposed, the Chinese government has not been able to completely stop bitcoin mining in the country.


In 2019, China was the world’s largest bitcoin mining country, and the local BTC hashrate accounted for over 75%. In the summer of 2021, after the official ban on mining and cryptocurrency operations in China, the hashrate in the country fell to 0%. However, after just six months, the indicator recovered by more than 20%.


The latest update of the Cambridge Bitcoin Electricity Consumption Index also shows a decrease in the share of hashrate in Kazakhstan, from 18% in August to 13.2% in January. In first place in terms of production was the United States, which mined 37.8% of the world’s bitcoin in January. Canada and Russia mine 6.48% and 4.66% respectively, and the origin of 9% of the global BTC hashrate has not yet been determined.


The report is based on data obtained in collaboration with four major mining pools: BTC.com, Poolin, ViaBTC and Foundry.