Over the last few weeks, there have been many reports about crackdowns in China tied to bitcoin mining operations in various provinces. 30-day statistics show the hashrate has been fluctuating wildly, and across the last week it has slid downward roughly 26%. Reports Show Bitcoin Mining Crackdowns in Five Chinese Provinces Despite the slide, the top three mining pools in the world, which represent roughly 41% of the hashrate today, are considered Chinese mining pools. This doesn’t necessarily mean the mining pools actually host physical bitcoin mining facilities in mainland China, however. How much hashrate resides in China is the million-dollar question these days. Especially after Beijing’s crackdown on the mining industry and the following bans in a number of provinces. Five provinces in China have seen bitcoin mining bans. The mandates first appeared in Inner Mongolia, as reports surfaced during the first week of March 2021. Then on June 9, 2021, a report disclosed that sp
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