Reportedly crypto miners are still running their mining equipment to generate revenue to live life.
Yesterday, we reported that Chinese authorities banned short videos platforms, which are promoting crypto or digital assets directly or indirectly. Chinese authorities also ordered that people should remain away from any kind of such activities which are related to cryptocurrencies.
However, the decision of the Chinese government to ban the crypto mining operations was not sudden. Already in the past, China announced multiple bans on the crypto industry, and later they took their decision back. But in the middle of this year, the decision of the Chinese government was permanent to ban all kinds of crypto-related activities and services. This decision of China resulted in the loss of jobs for many peoples, who were inclined to crypto-related activities.
In the present time, many people in China are struggling to generate revenue. And few of them again work their same work wisely to generate revenue under anonymous operations.
According to reports, Chinese crypto miners are using electricity from the grid as well as from hydropower plants together, to remain away from the radar of the Chinese government.
To remain anonymous on the internet, Chinese miners are using premium VPN services. So in this way, Many small mining firms are running even under ban law in china.
Recently, Qihoo 360 published a report. According to this report, Chinese people are still operating their crypto mining operations. At present, there are a total of 109,000 active IP internet addresses of China.
Crypto Mining pools supporting Chinese miners
At present, crypto miners are also supporting Chinese crypto miners. To suport Chinese crypto miners, mining pools are trying to avoid attach the mining pool name to the mined block.
Earlier, we reported that Chinese authorities encountered many IP addresses on the mining pools and found that many IP addresses belong to the China internet protocol, and the majority of them are related to the government schools and offices in China.