20% of bitcoin hashrate still remains in China

After repressions in China, some miners changed jurisdiction. But there are also those who went underground. According to informationCNBC, on such “gray” Chinese miners still account for about 20% of the total Bitcoin hashrate.

Formerly researchers at the University of Cambridgestated that after the ban, China's hash rate fell from 75% to 0%. The industry leader was the United States, with a market share of 35.4%, Kazakhstan came in second with 18.1% of the hash rate, and Russia closed the top three leaders in the world hash rate, with 11%.

Chinese analysts from Qihoo 360 have brought out anotherstatistics and monitors approximately 109,000 active IP addresses daily associated with cryptocurrency mining, most of which are from provinces that previously led the field. According to their information, 20% of all mining capacity in the world is still located in China. 

The Chinese government continues to remove competitors, clearing territory for the launch of the digital yuan and tightening control over financial flows of the population.

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