Despite the Chinese government’s total crackdown on everything related to cryptocurrency, including mining, data shows that dozens of nodes are still operating in the country.
One year after the nationwide ban on cryptocurrency mining, 94 nodes are operating in China to secure the bitcoin network. This is the data of the cryptoanalytics platform Bitrawr.
Bitcoin nodes are the software on which the bitcoin mining protocol runs. They contain a database of all BTC transactions, in whole or in part, and are linked to each other to verify transactions, maintain consensus rules and vote on proposals.
The Bitrawr map reflects the concentration of publicly available bitcoin nodes operating around the world. In addition, the platform shows a breakdown of nodes by country.
According to it, the nodes continue to operate in China, despite the ban imposed by the country’s authorities in 2021.
It has been phased in since May 2021, when the government banned financial institutions from conducting cryptocurrency transactions. Cryptocurrency mining was banned in June, and the country banned digital currencies entirely in September.
As we understand it, underground bitcoin miners in China are still very active, allowing the country to remain a key player in mining.
In mid-May, Finbold reported that traffic from China accounted for about 20% of total bitcoin hash rate from September 2021 to January 2022, though it dropped to zero in July.