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

24th October, 2021
Crypto coup: Chinese bitcoin miners use Ireland to defy state ban
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...

Subscribe from just €1 for the first month!


What's Included

With any subscription you will have access to

  • 971569B3-2C5E-4C45-B798-CEADE16987A8

    Unlimited multi-device access to our iPad, iPhone and Android Apps

  • 099C8662-C57C-42F2-9426-F2F90DF17C8F

    Unlimited access to our eReader library

  • 198AE43B-B9CF-4892-8769-D63C2104BA08

    Exclusive daily insight and opinion seven days a week

  • D8F37B78-25E4-4E4A-A376-4F5789B1564A

    Create alerts to never miss a subject that matters to you

  • B15F2521-37CD-4E02-B898-730A20D39F7F

    Get access to exclusive offers for subscribers on gifts and experiences

  • A564FE02-1AB8-4579-AF9D-BA32A2E5ACA7

    Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine

Related Stories

A three-decade wait for overnight success

On the cusp of a new reality

Always be mindful

Magic Leap boss wants a broader metaverse vision