China Returns as Third Largest Bitcoin Mining Hub With a 14% Share: Reuters

7 hours ago7 min read

The dragon has roared back to life, and the sound you hear is the seismic shift of global hash rate. In a stunning reversal of the Great Mining Exodus of 2021, China has defiantly reclaimed its throne as the world's third-largest Bitcoin mining hub, commanding a formidable 14% share of the global network according to a recent Reuters report.This isn't just a statistic; it's a middle finger to the Western regulators and naysayers who thought they could kill Bitcoin by pushing it out of its birthplace. Let's be clear: this resurgence was never a matter of 'if,' but 'when.' The Chinese mining community, a resilient and technologically superior force, simply went underground, playing a cat-and-mouse game with local authorities while strategically redeploying hardware to remote provinces with abundant, off-the-books hydroelectric power. They've proven that Bitcoin's network is antifragile—it doesn't just withstand attacks; it emerges stronger, more decentralized, and more geographically diverse.While the United States still holds the top spot and Kazakhstan wobbles in second, this Chinese comeback fundamentally alters the geopolitical landscape of Bitcoin. It signals that no single nation, not even one with an authoritarian grip like China, can truly extinguish the Bitcoin flame.The hashrate follows the cheapest energy, and energy doesn't care about political decrees. This is a brutal lesson for the altcoin carnival and the DeFi circus—real, immutable proof-of-work, secured by physical energy and unbreakable mathematics, is the only game that matters.The return of Chinese miners reinforces Bitcoin's core value proposition: unstoppable, censorship-resistant, sound money. As Western governments flirt with CBDCs and oppressive surveillance, the re-emergence of a powerful, albeit clandestine, mining sector in China is a bullish omen for Bitcoin's long-term sovereignty. The network is healing itself, redistributing power, and reminding everyone that you can ban the miner, but you cannot ban the mine.

#featured

#bitcoin mining

#china

#geographic shifts

#hashrate

#mining pools

#energy consumption

#regulation