China mining crackdown and the global redistribution of hash rate (2020–2022)

1. Early 2020: China still dominates Bitcoin mining

   Jan 1, 2020Labels: China, Bitcoin mining

   • CBECI Methodology
   • CNBC

2. Inner Mongolia moves to shut mining

   Mar 12, 2021Labels: Inner Mongolia, Regional policy

   • China Daily
   • CoinDesk

3. State Council signals crackdown on mining

   May 21, 2021Labels: State Council, PBOC

   • SEC Filing
   • CoinDesk

4. Sichuan orders rapid mining shutdowns

   Jun 18, 2021Labels: Sichuan, Hydro mining

   • CoinDesk
   • Cointelegraph

5. Bitcoin difficulty drops a record ~28%

   Jul 3, 2021Labels: Bitcoin protocol, Difficulty adjustment

   • CoinDesk
   • The Block

6. By August, China’s share falls near zero

   Aug 31, 2021Labels: University of, Global mining

   • Wired
   • CBECI Methodology

7. PBOC-led notice expands enforcement against crypto

   Sep 24, 2021Labels: People's Bank, Multi-agency notice

   • Library of Congress
   • CoinDesk

8. Kazakhstan grid stress leads to rationing risk

   Oct 1, 2021Labels: Kazakhstan, Power grid

   • Wired
   • CoinDesk

9. U.S. becomes top mining destination

   Oct 13, 2021Labels: United States, Mining destination

   • CNBC
   • Washington Post

10. Bitcoin hash rate nears pre-crackdown recovery

    Dec 10, 2021Labels: Bitcoin network, Hash rate

    • CNBC
    • Tom s Hardware

11. Kazakhstan mining fee takes effect

    Jan 1, 2022Labels: Kazakhstan, Mining fee

    • PwC Kazakhstan
    • CoinDesk

12. Kazakhstan unrest and internet shutdown disrupt mining

    Jan 5, 2022Labels: Kazakhstan, Internet shutdown

    • CNBC
    • Cointelegraph

13. U.S. policy attention shifts to mining’s energy impacts

    Sep 8, 2022Labels: White House, US policy

    • Investopedia
    • Skadden

14. End of 2022: hash rate redistributed globally

    Dec 31, 2022Labels: Global mining, United States

    • CBECI Methodology
    • CNBC