Key Takeaways
Why did China ban cryptocurrency mining and transactions in 2021?
China banned crypto mining and transactions in 2021 to curb monetary crimes and defend its monetary system from instability attributable to unregulated digital belongings.
Has crypto mining in China utterly stopped?
Regardless of the ban, mining actions have quietly continued underground, with China nonetheless contributing 14.05% of Bitcoin’s whole hashrate as of This fall 2025.
China’s uneasy relationship with cryptocurrency has lengthy been outlined by strict oversight and resistance to digital belongings.
This stance hardened in 2021, when the federal government imposed a sweeping ban on crypto mining.
Quickly after, the Individuals’s Financial institution of China (PBOC) took an excellent firmer step, prohibiting all cryptocurrency transactions in late September that 12 months.
The central financial institution justified the transfer by pointing to using crypto in illicit monetary actions and the rising risk it posed to the nation’s monetary stability.
Quick-forward to 2025, and China’s crypto mining story has taken an surprising flip.
China’s Bitcoin mining information breaks report
Regardless of the federal government’s sweeping crackdown on digital belongings and its persistent efforts to get rid of mining exercise, new information means that operations by no means totally stopped.
In response to Luxor’s This fall 2025 Global Hashrate Map, China now contributes 14.05% of Bitcoin’s whole computational energy, roughly 145 exahashes per second (EH/s), up barely from 13.8% within the earlier quarter.
Supply: Hashrate Index
This places China because the third-largest Bitcoin [BTC] mining hub on the earth, trailing solely behind america and Russia.
Whereas Luxor’s information doesn’t pinpoint precise mining areas, business insiders consider a lot of this hidden exercise is concentrated in Xinjiang.
In response to Miner Weekly, a number of ASIC provide chain sources counsel miners have quietly resumed operations within the area.
Xinjiang’s distant location and entry to low cost, plentiful power have lengthy made it a good hub for large-scale mining.
Bitcoin value motion and hashrate
On the identical time, Bitcoin itself seems to be regaining power.
As per CoinMarketCap, BTC was buying and selling round $111,007.61, reflecting a 1.16% enhance over the previous 24 hours, as of writing.
In the meantime, the worldwide Bitcoin hashrate stood at 1,137.06 EH/s, an indication of sturdy miner participation and heightened community safety.
Supply: CoinWarz
A rising hashrate usually indicators that miners are assured in Bitcoin’s long-term profitability and stability.
Regardless of China’s efforts to suppress crypto mining, its miners proceed to play a big function in supporting Bitcoin’s international community.
