Why Banning Crypto Mining Is Almost Impossible?

Jarran Mellerud, a crypto researcher and analyst, has given reasons why banning crypto mining might not be feasible, using China’s failed attempt at banning the mining operations of the largest digital currency as a case study.

China’s Repeated Failure in Banning Crypto Mining

In June 2021, China banned Crypto Mining, this has once again proved to be just another failed attempt, as the country’s crypto miners have gone underground to continue mining. China’s contribution to the crypto mining network is second only to that of the U.S

Jaran Mellerud tweeted, 

“When one of the most top-down controlled governments in the world fails to ban bitcoin mining, it proves that banning the industry is extremely difficult. China has attempted to ban Bitcoin nine times before, targeting financial institutions, crypto exchanges, and miners.”

One of the reasons why the world’s most populous country has failed to successfully ban mining operations could be attributed to her size, although political power is very centralized in China, the country’s humongous size makes it challenging to implement a ban on crypto mining.