China's Role in the Early Development of Mining

China played a key role in the formation of mining for cryptocurrencies. Since the appearance of Bitcoin in 2009, Chinese companies have actively developed infrastructure for cryptocurrency mining, thanks to access to cheap energy resources and technical potential. The country quickly grew large farms, which allowed significantly increasing mining capacities and accelerating the development of technologies. China also became home to leading equipment manufacturers, such as Bitmain, making it the center of the global mining community.