China returns as 2nd top Bitcoin mining hub despite the crypto ban

China became the second-largest Bitcoin hash rate provider as of January 2022, months after the local government banned all crypto operations in the country,

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according to the latest update from the Cambridge Bitcoin Electricity Consumption Index (CBECI) shared with Cointelegraph on Tuesday.

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According to the data, Bitcoin miners in China accounted for 21.1% of the total global BTC mining hash rate distribution as of early 2022,

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following only the United States, which produced 37.8% of the total hash rate as of January

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China was once the world’s largest Bitcoin mining country, with the local BTC hash rate power accounting for more than 75% in 2019.

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The hash rate then plummeted to 0% in July and August 2021, following a series of crypto mining farm shutdowns in the country.

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China still hosts 21% of the total global Bitcoin hash rate after the local government banned all crypto operations in the country last year.

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From September 2021 to January this year, China's contribution to the bitcoin mining network was second only to that of the U.S.

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