China’s Hidden Bitcoin Mining Revival
中国比特币挖矿悄然回潮
Bitcoin mining is quietly returning to China despite the 2021 ban. Individual and corporate miners are tapping cheap electricity and the rapid expansion of data centres in energy-rich regions such as Xinjiang. Once the world’s top mining hub, China’s market share had dropped to zero after the crackdown, but it has now rebounded to about 14 per cent, according to Hashrate Index. Miners say excess power in provinces like Xinjiang is being channelled into crypto mining, with new projects under construction. The revival coincides with bitcoin’s surge to record highs in October, boosted by pro-crypto policies in the US and rising distrust in the dollar. Industry leaders view China’s renewed activity as a major signal for global markets, even though Beijing has not officially eased restrictions.
尽管中国在2021年全面禁止加密货币交易和挖矿，但比特币挖矿正在悄然回归。个体和企业矿工正利用新疆等能源富集地区的低价电力和数据中心建设热潮重新布局。中国的全球挖矿份额曾在禁令后降至零，如今已回升至约14%。矿工称，当地存在无法外送的过剩电力，因此被用于加密挖矿，且新项目不断上马。此次回潮正值比特币因美国亲加密政策和对美元信任下降而创下新高。尽管北京未正式放松监管，但业内人士认为，这一动向已向全球市场释放重要信号。
