In May 2021 China cracked down on crypto mining to stop it for good– in vain, since domestic miners are still finding ways to go on with their business.
About 20 percent of the Bitcoin mining capacity worldwide is still in China, according to expert estimations.
Crypto mining continues to survive in China with many miners not taking Beijing´s stance seriously and staying in the country, hoping for better days. So, the remaining miners in China spread their mining equipment across several sites to camouflage their huge power consumption so that single high energy consumption spots don´t stand out anymore in the grid.
But the government is very serious regarding the ban, and there are two major reasons. China needs electric energy badly and there is upcoming competition from the Digital Yuan, its own digital central bank currency, which the country is still testing.
Related: CZ: China is more serious with its ban this year than in 2017
Techniques to stay undetected
Even before the
