Core Insights - China's hidden hash rate has become a focal point following Luxor's Q4 2025 global hash rate map update, estimating that China currently accounts for 14.05% of Bitcoin's total hash rate, approximately 145 EH/s, a slight increase from 13.8% in Q3 [1] - Despite the crackdown in 2021, Bitcoin mining has not completely left China; it has merely gone underground, with recent increases reinforcing this reality [1] - The specific locations of this hash rate remain unclear due to a lack of regional breakdown in public data and the secretive nature of mining operations post-ban, although multiple sources indicate a recurring destination: Xinjiang [1][3] Industry Dynamics - In 2025, brokers and distributors have reportedly been sending large quantities of mining machines to Bitcoin mining sites in Xinjiang, but the vast area and the covert nature of operations make verification difficult [3] - Xinjiang, being China's largest provincial-level region, covers over 1.6 million square kilometers, accounting for about one-sixth of the country's land area, and has historically attracted off-grid industrial activities due to its isolation and abundant energy resources [3] - Recent rumors on social media suggest that authorities may have conducted raids on several mining sites in Xinjiang, allegedly seizing hundreds of thousands of mining machines, highlighting ongoing tensions between mining operators and authorities in remote provinces [3]
世界第三!中国新疆的比特币影子哈希值
Sou Hu Cai Jing·2025-10-31 04:59