中國作為比特幣礦業巨頭，預計在 2025 年復活加密貨幣

中國政府早在 2017 年就禁止 ICO（首次代幣發行）。

China is hostile to cryptocurrencies, but several courts have ruled that bitcoin is protected by property rights.

中國對加密貨幣懷有敵意，但一些法院已裁定比特幣受到產權保護。

Several Chinese courts have established over the years that bitcoin is protected by property rights. Judge Sun Jie reiterated this week that bitcoin has the attributes of a property and that it is therefore legal to own it.

多年來，一些中國法院已經確立比特幣受產權保護。孫傑法官本週重申，比特幣具有財產屬性，因此擁有它是合法的。

“It is not illegal for individuals to hold cryptocurrencies,” he wrote on the official WeChat account of the Shanghai High People’s Court.

「個人持有加密貨幣並不違法，」他在上海高級人民法院官方微信帳號上寫道。

This hostility is less pronounced towards the bitcoin industry. The largest companies designing the integrated circuits (ASICs) used to mine bitcoins are Chinese. The leader is Bitmain. Its market share was long over 80%. The second most important company is MicroBT, also Chinese.

這種對比特幣產業的敵意並不那麼明顯。設計用於開採比特幣的積體電路（ASIC）的最大公司是中國公司。領導者是比特大陸。其市佔率長期超過80%。第二重要的公司是比特微，也是中國的。

In other words, Chinese companies control most of the market, and this dominance doesn’t stop there. Chinese miners once accounted for up to 70% of the Bitcoin network’s computational power. This figure is now closer to 20%, neck and neck with Russia, far ahead of Europe and behind the United States (~35%).

換句話說，中國企業控制了大部分市場，而這種主導地位不止於此。中國礦工曾經佔了比特幣網路70%的算力。目前這一數字已接近 20%，與俄羅斯並駕齊驅，遠遠領先歐洲，落後美國（約 35%）。

If miners forge the consensus of the Bitcoin network with gigawatts of hash power (the “proof of work”), pools are also an essential link. They are a kind of cooperative allowing miners to pool their computing power to smooth out their revenues.

如果礦工們用千兆瓦的算力（「工作量證明」）來打造比特幣網路的共識，那麼礦池也是一個重要的環節。它們是一種合作社，允許礦工集中運算能力來平滑收入。

Their importance lies in the fact that they are the ones who select transactions in the blocks. And again, China is in the lead :

他們的重要性在於他們是在區塊中選擇交易的人。中國再次處於領先地位：

It is certain that a good portion of bitcoins belong to Chinese entities that have every interest in the government lifting the anathema. The election of Donald Trump should help them make moves.

可以肯定的是，很大一部分比特幣屬於中國實體，這些實體對政府解除禁令非常感興趣。唐納德·川普的當選應該會幫助他們採取行動。