No..China Does NOT Have 0% of the Hashrate

[Lucius]

The majority of Chinese miners had to move due to the government pressure. China definitely doesn’t have 0% of the hashrate though, the remaining miners there just went underground & I don’t blame them. I would hate to live in a communist country like China.

I guess only the big ones have suspended their operations and relocated, while the little ones are still in the game and still use some private hydropower sources that keep them off the radar in some way. It is estimated that one-third of hydropower plants are small power plants with a capacity of less than 50 megawatts.

I don't know where you live, but a good part of the communist atmosphere has moved far to the west, people on the streets are beaten by police only because they have a different (critical opinion), and soon they will pay fines if they are not vaccinated. I’ve watched a few international documentaries about China in recent months, and not everything is exactly as it seems at first glance.

[tippytoes]

The majority of Chinese miners had to move due to the government pressure. China definitely doesn’t have 0% of the hashrate though, the remaining miners there just went underground & I don’t blame them. I would hate to live in a communist country like China.

I guess only the big ones have suspended their operations and relocated, while the little ones are still in the game and still use some private hydropower sources that keep them off the radar in some way. It is estimated that one-third of hydropower plants are small power plants with a capacity of less than 50 megawatts.

I don't know where you live, but a good part of the communist atmosphere has moved far to the west, people on the streets are beaten by police only because they have a different (critical opinion), and soon they will pay fines if they are not vaccinated. I’ve watched a few international documentaries about China in recent months, and not everything is exactly as it seems at first glance.

I am on the side that some are mining under the radar of their government. Only those big mining facilities are shutdown because it is easy to see their operation. And for those who are using their renewable energy source, they can operate silently if they know how to go around their government rules and protocols.

This article was written late last year - https://www.cnbc.com/2021/12/18/chinas-underground-bitcoin-miners-.html, and it mentioned that about 20% of the worldwide btc network remains in China. And they presented that some are indeed mining underground just like Ben in the story.