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Why The Crypto Industry Was Exported Out Of China I CRYPTOLANDNew research shows that China's Bitcoin ban has sent the process of creating new coins, known as mining, to countries where it uses far less. China's share of global bitcoin mining capacity plummeted to zero in July after authorities launched a fresh crackdown on cryptocurrencies. The Bitcoin mining exodus has left underground miners thriving to push China's hashrate share near to the top, new study finds.