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 property.
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 autumn 2025.
China’s uneasy relationship with cryptocurrency has lengthy been outlined by strict oversight and resistance to digital property.
This stance hardened in 2021, when the federal government imposed a sweeping ban on crypto mining.
Quickly after, the Folks’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 menace 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 knowledge breaks document
Regardless of the federal government’s sweeping crackdown on digital property and its persistent efforts to remove mining exercise, new knowledge means that operations by no means totally stopped.
In line with Luxor’s This autumn 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 planet, trailing solely behind the USA and Russia.
Whereas Luxor’s knowledge doesn’t pinpoint precise mining areas, business insiders imagine a lot of this hidden exercise is concentrated in Xinjiang.
In line with 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, ample vitality have lengthy made it a good hub for large-scale mining.
Bitcoin value motion and hashrate
On the similar 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 strong miner participation and heightened community safety.
Supply: CoinWarz
A rising hashrate sometimes alerts 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 position in supporting Bitcoin’s international community.
