🧐 Let me see, who is still secretly digging in the vast salt and alkali land?!

Last year, I mentioned a foreign research report titled "China Has Never Banned Bitcoin Mining," which provided several conclusions—

1⃣ Cambridge data shows that after the 2021 ban, mining power from mainland China briefly disappeared, but by 2022, the mining power in China returned to 21.1% of the global hash rate, and the current hashrateindex shows it as 14%.

2⃣ Currently, mainland mining mainly relies on heat recovery and other renewable energy sources. In regions with cheap electricity such as Xinjiang, Xi'an, Wuhan, Beijing, and Xining, there may be some mining industries.

3⃣ Some insiders have indicated that with the economic downturn, certain local governments have issued special "mining licenses" to invite Bitcoin miners to fill the gap in excess electricity supply.

It seems the rumors are not unfounded!

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