Interesting. This doesn't make sense to me though because I thought part of the reason so much mining was happening in China is miners were taking advantage of

Interesting. This doesn't make sense to me though because I thought part of the reason so much mining was happening in China is miners were taking advantage of electricity subsidies. Edit: This suggests that they are likely using VPNs and mining pools to do it. https://www.cnbc.com/2021/12/18/chinas-underground-bitcoin-miners-.html https://www.cnbc.com/2021/12/18/chinas-underground-bitcoin-m... > Although Beijing exiled its crypto miners in May and then doubled down on its mining ban in September and again in November, multiple sources tell CNBC that as much as 20% of all the world’s bitcoin miners remain in China. Still, "most mining", has definitely been stopped.