Not because of the mining ban: the industry is so active in China
Despite the ban, some miners in China are reaching into their bag of tricks to mine the cryptocurrency. So hydropower plants are a popular destination for tapping.
In 2021 there was a veritable mass exodus of Chinese miners. This was of course due to the government’s restrictive policies. The miners then went to more crypto-friendly areas. Most of them ended up in North America or Central Asia. But not every miner has the necessary capacities to simply set up his tent in another country …
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