China has imposed very heavy sanctions on the crypto money sector and almost finished the crypto money sector locally.
The heavy bans brought by China and the new laws on cryptocurrency miners caused a great change in the world.
This change started with the move of cryptocurrency miners in China to other countries, but it can be said that there are still a significant number of miners in China.
China Still Mining Bitcoin
It is reported that Chinese BTC miners still work secretly despite many laws and bans.
Not long ago, Chinese miners had mostly migrated to areas such as North America and Central Asia.
Now, it is reported that miners are able to mine especially in Sichuan and Yunnan regions.
It is stated that the miners use both mains electricity and hydroelectricity.
Miners take advantage of dams covertly and not only rely on mains power, reducing the risk of detection.
It is estimated that miners will increase their activities, especially with the rainy season that starts after May.
According to the transmitted information, miners also use VPNs to make it difficult to be detected over the internet. China Telecom, at the request of the government, directly transfers it to the authorities when sites related to mining are entered.
Chinese cyber security company Qihoo 360 announced in its recent post that despite the ban, active Bitcoin mining was carried out at 109.000 points in the country and revealed the situation with all its nakedness.
Despite this ban, the fact that cryptocurrencies are still heavily traded is proof that cryptocurrencies are a completely unblockable system.