Summary: – Bitcoin miners based in China now control 21.1% of BTC’s hashrate. – China is now ranked second in Bitcoin’s hashrate, hinting at the existence of covert mining facilities. – This is despite China’s government reiterating in May 2021 its ban on Bitcoin mining and crypto trading. – Due to the ban, the dominance of Bitcoin miners based in China had dropped from almost 50% in May 2021 to 9% in July 2021. China has once again reemerged as a significant contributor to the Bitcoin (BTC) network despite the country’s government reissuing a blanket ban on crypto mining back…