China's Bitcoin Mining Share Climbs Back to 14-20% Despite 2021 Ban
China's Bitcoin Mining Share Climbs Back to 14-20% Despite 2021 Ban
⛏️ China's mining comeback
China's mining resurgence continues as fresh data shows renewed activity across multiple provinces, with hashrate share climbing back to 14-20%.
Key developments this week:
- Mining activity surges in Xinjiang and Sichuan provinces
- Hashrate gravitates toward most efficient power sources
- Cango reports 60% Q3 revenue jump from increased Bitcoin mining production
- Vanguard opens crypto ETF trading - world's second-largest asset manager now allows crypto-focused ETF trading
The data proves that despite regulatory challenges, mining operations continue expanding globally toward the most cost-effective energy sources. This follows previous reports of solo miners earning significant rewards and new countries like Turkmenistan legalizing mining operations.
Mining infrastructure continues strengthening Bitcoin's global security layer through distributed hashrate growth.
⛏️ WHY MINE #BITCOIN? ⛏️ Mining is what keeps Bitcoin open, global, and impossible to stop. Here’s what’s new 👇 🔸 US miners power the AI boom – Cipher and IREN secure multi-billion-dollar deals with Microsoft and AWS, turning mining sites into AI-ready compute hubs. 🔸 UAE
⛏️ WHY MINE #BITCOIN? ⛏️ Mining is powering the future. Here’s what’s up this week 👇 🔸 Miners pivot to AI — Big names like Cipher Mining, IREN, and Riot are being rated “outperform” by analysts because they’re reusing their mining power for AI and data center compute. 🔸
⛏️ WHY MINE #BITCOIN? ⛏️ Another week, another reminder of how mining keeps expanding globally and unlocking new economic opportunities. Here’s what stood out 👇 🔸 China’s mining share rises back to 14–20%: Fresh data shows a renewed surge in mining activity across multiple
⛏️ WHY MINE #BITCOIN? ⛏️ Another week, another reminder of why mining keeps the network alive, resilient, and full of surprises. Here’s what stood out 👇 🔸 Solo miner beats the odds: a tiny hashrate miner struck a full block and earned $264,558 — a 1-in-a-million reminder
Bitcoin Moves Into Traditional Banking and State Finance Systems
Bitcoin is gaining traction across traditional financial institutions and government systems: **Banking Integration** - UBS is preparing to offer Bitcoin and Ethereum trading to private banking clients, marking a significant step for major global banks - BlackRock filed with the SEC to launch a Bitcoin Premium Income ETF using options strategies for yield generation **State-Level Adoption** - Oklahoma introduced legislation enabling voluntary Bitcoin payroll payments and vendor settlements with regulatory relief - Texas previously became the first U.S. state to add Bitcoin ETF exposure to its treasury **Policy Shifts** - U.S. Treasury confirmed seized Bitcoin will be added to the Strategic Bitcoin Reserve rather than sold Bitcoin continues integrating into banking infrastructure, public finance systems, and institutional investment products.
🔄 Metals Lead Before Liquidity Rotates to Crypto
**Market Rotation Signals** Fundstrat analysts indicate metals are currently leading the market, with expectations that liquidity will eventually rotate into crypto assets. **Corporate Bitcoin Accumulation** - Trump family-backed American Bitcoin acquired 416 BTC - GoMining and Jacob & Co. launched a watch connected to live Bitcoin mining operations **Mining Operations Continue** Bitcoin miners maintain steady operations while market narratives shift between asset classes.
GoMining Survey Reveals 70% of Users Feel Overwhelmed by Bitcoin Complexity
**GoMining**, a Bitcoin mining platform, released survey results showing significant barriers to Bitcoin adoption among 2,600+ respondents. **Key findings:** - 70% feel overwhelmed by Bitcoin in some way - 66% lack confidence explaining Bitcoin - 28% cite mining as the top source of confusion The company is responding by developing educational guides and practical use cases based on user feedback. GoMining aims to simplify Bitcoin mining through NFTs that represent real computing power, eliminating traditional mining complexities.
🔍 Bitcoin Mining Difficulty Explained
GoMining Academy has published a comprehensive guide explaining Bitcoin mining difficulty and network tracking tools for beginners. The guide covers: - How Bitcoin mining difficulty functions and adjusts automatically - What mining difficulty reveals about network activity - Essential tools for tracking cryptocurrency metrics The educational resource aims to help newcomers understand the technical aspects of Bitcoin mining without requiring specialized hardware knowledge. [Read the full guide](https://academy.gomining.com/articles/how-to-track-cryptocurrency-like-a-pro-tools-every-beginner-must-use)
GoMining Transforms Into All-in-One Bitcoin Ecosystem
GoMining is expanding beyond mining to become a comprehensive Bitcoin ecosystem. The platform aims to simplify Bitcoin by allowing users to mine, earn, and use BTC in one integrated environment. **Key Changes:** - Evolution from pure mining platform to full Bitcoin ecosystem - Focus on making Bitcoin accessible and straightforward - Integration of earning and spending capabilities alongside mining The announcement emphasizes removing complexity from Bitcoin operations while maintaining the platform's core mining infrastructure backed by over 4.2 million TH/s across 9 data centers.