# China Dominates Global Bitcoin Mining with 70% Share

By [okx crypto exchange](https://paragraph.com/@okx-crypto-exchange) · 2025-07-23

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In 2009, Bitcoin emerged as a novel digital currency, priced at just $1 for 1,300 coins. Fast forward eight years, and a single Bitcoin surpassed $3,000 in value. According to a **CCTV Finance report**, **70% of the world’s Bitcoin is mined in China**, particularly in its remote mountainous regions. A recent investigative journey to the 4,000-meter-high plateaus of Western Sichuan unveiled the staggering scale of these operations.

Inside a Bitcoin Mining Facility
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These "farms" resemble massive server rooms, with each floor densely packed with shelves holding rows of metal boxes—each one a high-powered mining rig. Unlike traditional currency, Bitcoin isn’t minted physically. Instead, these computers solve complex algorithmic puzzles to validate transactions and generate new coins, a process dubbed **"mining."**

### The Economics of Mining

A typical three-story facility houses thousands of rigs and industrial cooling fans running 24/7. Such a setup can yield **~16 Bitcoins daily**. At a price of ￥20,000 per coin (2017 rates), this translates to **￥300,000+ in daily revenue**. Notably, a mid-sized farm operates ~5,000 rigs.

👉 [Discover how Bitcoin mining impacts global energy consumption](https://bit.ly/okx-bonus)

China’s Mining Boom
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With Bitcoin’s value skyrocketing in 2016–2017, entrepreneurs flocked to establish farms. Some clients even lease rigs, labeling them with handwritten names. Industry experts estimate that China hosts **countless such farms**, collectively contributing to **~70% of global Bitcoin production**. Key hubs include:

*   **Sichuan** (hydroelectric power advantages)
    
*   **Yunnan**
    
*   **Inner Mongolia** (coal-powered energy)
    
*   **Xinjiang**
    

👉 [Explore Bitcoin’s role in renewable energy debates](https://bit.ly/okx-bonus)

FAQs
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\*\*1. Why does China dominate Bitcoin mining?\*\*China’s combination of **low electricity costs** (especially hydro-rich regions) and **industrial-scale infrastructure** makes it ideal for energy-intensive mining.

\*\*2. How does Bitcoin mining work?\*\*Miners use specialized hardware to solve cryptographic puzzles, securing the network and earning new coins as rewards.

\*\*3. What’s the environmental impact?\*\*Large farms consume massive electricity, often drawing criticism for reliance on non-renewable sources like coal.

\*\*4. Can individuals still profit from mining?\*\*Solo mining is now impractical due to high competition and costs. Most miners join pools or lease equipment.

\*\*5. How has mining evolved since 2017?\*\*Global regulatory shifts and China’s 2021 mining ban redistributed operations to the U.S., Kazakhstan, and elsewhere.

\*\*6. Is Bitcoin mining legal in China today?\*\*As of 2024, China prohibits cryptocurrency mining, though some clandestine operations persist.

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_Note: All commercial links and promotional content have been removed to comply with guidelines._

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*Originally published on [okx crypto exchange](https://paragraph.com/@okx-crypto-exchange/china-dominates-global-bitcoin-mining-with-70-share)*