Crypto coup: Chinese bitcoin miners use Ireland to defy state ban

Experts say bitcoin miners in the Asian superpower are hiding their activity through the use of VPNs and proxy servers pointed at this country

The more a bitcoin miner invests in hardware and the more intensely they mine the greater chance they have of accruing wealth. Picture: Getty

It was a graph that drew knowing smirks from many members of the crypto community, one which all but proved that China had effectively failed to shut down bitcoin mining in its state, despite making it illegal earlier this year.

The evidence that bitcoin mining is still continuing in China now rests in the most unlikely of places – Ireland.

In September 2019, China accounted for 75 per cent of the world’s mining, and Ireland ...