China’s Bitcoin Mining Rises from the Ashes 🔥 – Still a Global Giant!

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In the twilight of 2025, the gears of China’s digital empire creaked back to life, their hash-rate humming a defiant 14% of Bitcoin’s global chorus. A modest crescendo from 13% the quarter prior, yet enough to stir the pot of global cryptocurrency politics. With 145 EH/s of computing might in its grip, the Middle Kingdom slinks back into the shadows of the top three, a ghost of its former mining self, resurrected by the alchemy of supply chains and stubborn ambition. 🤖💸

According to Luxor’s Fourth Quarter 2025 Hashrate Map, this rebirth is no mere fluke. Once banished by the iron fist of 2021 regulations, China now lingers like a sly fox in the chicken coop, its influence seeping through the veins of global miners who still rely on its factories. Bitmain, MicroBT, and Canaan-those titans of silicon-still churn out the machines that power the world’s obsession with Bitcoin. The country’s grip on the supply chain? Unshakable. A masterclass in capitalist puppetry. 🛠️🇨🇳

Hardware And Supply Chains

Imagine a world where every Bitcoin miner is a pawn in a game of chess played on a board etched in Chinese steel. Reports whisper that the majority of mining rigs owe their existence to the sweat and smoke of Shenzhen’s factories. Spare parts, technical secrets, even the air they breathe-trace them back, and you’ll find a red dot on the map. China’s shadow stretches long, even as its machines flee to distant lands. A digital colonialism, if you will. 🌍🔌

Moves After The 2021 Ban Changed Where Rigs Run

In 2021, the Communist Party’s crackdown on crypto was as dramatic as a Shakespearean villain’s exit. Miners fled like rats from a sinking ship, scattering to Kazakhstan, the U.S., and anywhere with cheap electricity. Yet, as the saying goes, “When the cat’s away, the mice will play.” Some operations hid in plain sight, others masqueraded under foreign subsidiaries. The truth? A tangled web of smoke and mirrors, leaving analysts scratching their heads like confused philosophers. 🤯📜

Ownership And Hidden Activity

Reports suggest that 55-65% of global mining capacity still bears China’s fingerprints, a testament to its relentless grip on the industry. In 2022, whispers placed China at 21%, a number as slippery as an eel in a crypto pool. Hashrate snapshots? They’re less a ledger of truth and more a carnival of guesswork, dependent on IP addresses, pool memberships, and the honesty of those who report. A numbers game played with dice made of doubt. 🎲📉

Energy Patterns And Security Concerns

Once, the rivers of Sichuan powered Bitcoin’s dreams with hydropower, while northern coals fed the beast of profit. Now, as rigs scatter across continents, energy mixes grow as diverse as a buffet line at a global conference. Emissions? They’ve become the new currency of guilt, traded alongside Bitcoin itself. The world’s balance sheet shifts, and China, ever the chameleon, adapts. A master of reinvention, or a serpent shedding its skin? 🐍⚡

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2025-10-25 05:14