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Why did China fail to ban bitcoin mining?
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[QUOTE="saoussen5765, post: 248795, member: 75161"] Hello, On June 9, 2021, the Chinese Government has officially banned and closed all types of crypto/Bitcoin mining. As a result of this prohibition on crypto mining, most of the crypto miners flocked to Kazakhstan and the United States (US). After 11 months since the Chinese government's crypto mining ban, researchers found 21% of the total Bitcoin hashrate came from China, although it has fallen by 42% compared to the figure before the Bitcoin mining ban. The figure of 21% shows a very significant increase in Bitcoin mining from zero (0 EH/s) So that in the near future China will surpass Kazakhstan in producing Bitcoin. It also shows that the Chinese government has failed to ban crypto mining. [/QUOTE]
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Why did China fail to ban bitcoin mining?
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