Cryptocurrency Q&A How has crypto mining survived in China?

How has crypto mining survived in China?

CryptoMagician CryptoMagician Tue Jul 09 2024 | 0 answers 0
How has the phenomenon of crypto mining persevered within the confines of China's rigorous regulatory landscape? Given the numerous challenges it faces, including strict capital controls, tightening restrictions on mining activities, and the overall push towards digital currency centralization, it's remarkable that crypto mining has still found a way to thrive. Could it be that the lucrative incentives and the novelty of blockchain technology continue to drive miners despite the risks? Or perhaps, the distributed nature of mining allows for operations to be decentralized and evade strict oversight? Whatever the case, the resilience of crypto mining in China remains an intriguing question worth exploring. How has crypto mining survived in China?

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