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28 September 2021

Since China’s Mining Ban, Bitcoin Hashrate Has Recovered by 68% And Counting

Since China’s Mining Ban, Bitcoin Hashrate Has Recovered by 68% And Counting


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“The bitcoin network has recovered 68% of the drop in hashrate that our difficulty model attributed to China’s ban—likely in places with cleaner energy.”.

The #bitcoin network has recovered 68% of the drop in hashrate that our difficulty model attributed to China's ban—likely in places with cleaner energy.

“Although difficult to know with certainty, it seems very likely that much of the reboot in mining power is occurring in places with cleaner energy than those utilized by Chinese miners.  The transition to renewables is well underway.”.

Here at NewsBTC we’ve determined that China’s Bitcoin mining tended to go to provinces with abundant green energy.

“The fact that the electricity for crypto mining in Sichuan came from clean hydropower meant that many thought the province would be a safe haven for Bitcoin miners.

“According to, CBECI numbers say that: China’s share of total Bitcoin mining power has declined from 75.5% in September 2019 to 46% in April 2021 — before the restrictions on Chinese miners were even imposed.

That extra money could bring even more competition and a Bitcoin hashrate increase with it. 

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