KingofDracular

Good — here’s the latest (as of late Nov 2025) on Bitcoin mining returning in China, based on recent data + analysis:
(Reference:https://www.reuters.com/world/asia-pacific/bitcoin-mining-china-rebounds-defying-2021-ban-2025-11-24/)
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What the Latest Data Shows
1. China’s Hashrate Has Rebounded
• According to Hashrate Index, China’s share of global Bitcoin mining climbed to ~14% by October 2025.
• This makes China the third largest Bitcoin mining hub again.
• Some estimates put actual Chinese mining capacity (including more “hidden” operations) between 15%–20% of the global total.
2. Where the Mining is Happening
• Much of this renewed mining activity is “underground” — not fully legal or publicly recognized.
• Key provinces for this comeback: Xinjiang (coal-rich) and Sichuan (hydropower), where electricity is very cheap and there is excess data‑center capacity.
• According to reports, some mining operations are disguising themselves as data-processing or “cloud computing” services to avoid regulatory scrutiny.
3. Legal & Regulatory Landscape
• Officially, Bitcoin mining is still banned in China.
• Enforcement seems uneven: in some areas enforcement is lax or miners operate in a grey area.
• There are “softening signals”: for example, China is considering or discussing yuan‑backed stablecoins, which suggests a more flexible approach to some crypto activities.
• Legal risk remains: miners could face shutdown, equipment seizure, or other penalties if caught — but many seem to be willing to take that risk.
4. Economic Drivers
• The comeback is largely economically motivated: cheap power + excess infrastructure = highly attractive for miners.
• Mining rig sales in China are booming: for example, Canaan — a major rig manufacturer — reports a significant increase in domestic demand.
• For miners, the potential rewards (despite regulatory risk) seem to justify the return.
5. Potential Risks & Implications
• If this underground mining gains strength, it could raise network centralization or “51% attack” concerns.
• The legal ambiguity creates uncertainty — future crackdowns could change the landscape quickly.
• On the other hand, a sustained mining revival could support Bitcoin’s price (more demand for rigs, more hashpower) — though that’s speculative.
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My Assessment (Based on Latest Info)
• This is not a full legalization — it’s more like a tacit revival.
• Miners are betting on cheap energy and weak enforcement, especially in remote provinces.
• It’s a risky play: good upside if things stay favorable, but potentially very bad if the government cracks down again.
• For Bitcoin overall, this could be a net positive (more hashpower, infrastructure) — but it also raises governance and decentralization questions.

$BTC

الإجابة القصيرة: نعم - يمكن أن يصل ETH إلى 4000 دولار، ولكن لا يوجد ضمان. من الممكن تمامًا إذا توافقت بعض العوامل المشجعة، ومن الممكن أيضًا أن يتوقف أو ينخفض إذا كانت المخاطر تؤثر. إليك تحليل سريع وواضح. 👇
لماذا 4000 دولار واقعي
• لقد حددت عدة بنوك رئيسية ومحللين مؤخرًا أهدافًا عند/فوق 4000 دولار (بعضها أعلى بكثير)، مما يظهر أن النماذج المؤسسية ترى هذا المسار إذا استمرت الطلبات.
• تشير إشارات السلسلة والسوق (زيادة الرهانات، انخفاض المعروض في البورصات، تدفقات صندوق ETF وتراكم الحيتان) إلى تقليص المعروض المتاح من ETH - مما يمكن أن يدفع السعر للأعلى إذا استمرت الطلبات من جهة الشراء.