Chinese miners

Chinese miners primarily refer to individuals involved in cryptocurrency mining in China. Cryptocurrency mining is the process of validating transactions on a blockchain network, which requires substantial computational power. Miners solve complex mathematical problems, and in return, they earn digital currencies like Bitcoin. China was once a significant hub for mining due to its low electricity costs, but in mid-2021, the government imposed strict regulations, reducing mining activities. This led many miners to relocate to countries with more favorable conditions, influencing global cryptocurrency markets and mining operations.