China’s Bitcoin Mining Isn’t Dead — It’s The World’s No. 3 Contributor
China’s Mining Comeback
So, guess what? China isn’t totally done with Bitcoin mining! They’re back in the game, contributing a solid 14% to the global hash-rate as of late 2025. That’s a little bump up from the previous quarter where they clocked in at 13%. It’s like a surprise party nobody saw coming!
Hash Power on the Rise
Now, if you’re scratching your head wondering what that 14% translates to, think of it this way: it’s about 145 EH/s (that’s Exahashes per second for the uninitiated) of computational power fueled by Chinese tech. According to the latest `Luxor’s Global Hashrate Map`, they’re sitting pretty at number three in a world dominated by two other heavyweights.
Made in China: The Mining Equipment Empire
Let’s talk about the elephants in the room—those mining rigs! Most of those bad boys are churned out by Chinese companies like Bitmain, MicroBT, and Canaan. This means that, whether you’re in Kazakhstan or the US, if you’re mining Bitcoin, there’s a good chance your gear was born in China. It’s like a secret ingredient in everyone’s mining soup!
The Post-Crackdown Era
Remember back in 2021 when China put the hammer down on crypto? They said, “No more mining!” and folks scrambled to escape to Kazakhstan or the US. Picture miners packing their bags and booking flights while others split their operations into stealth mode, hiding in plain sight back home. It’s a mix of open relocation and secretive operations that makes tracking these miners a bit of a wild goose chase.
The Global Mining Map
Fun fact: between 55% and 65% of the world’s hashing power can trace its roots back to Chinese innovations. Even though some rigs have taken a road trip across borders, their origins are still firmly planted in China. This was evident when early 2022 data showed them at a whopping 21%. Numbers are tricky like that, shifting based on who’s reporting them and when!
Changing Energy Sources
Back in the day, mining in China was a breeze thanks to hydropower in Sichuan and coal in the north—it was like mining on easy mode! But with rigs packing their bags, the energy scene is changing, and the emissions footprint is getting a makeover based on where these miners choose to set up shop. It’s a whole new world out there!
In summary, China’s not out of the mining game; they’re just playing it a little differently. With their tech might still influencing the game from the shadows, the future of Bitcoin mining is anything but boring!