China crypto miners plot their next moves to evade crackdown

Despite China's crackdown on crypto mining, enthusiasts are exploring lesser known parts of the ecosystem as they try to stay in the game. — REUTERS

The title of the forum was arcane even by cryptocurrency standards: Web 3.0 Blockchain Application Cum Computing Power Overseas and Distributed Storage Conference.

But attendees of the event in Chengdu, China, were clear about why they turned up in the middle of a government crackdown on Bitcoin mining. They’re looking for ways to stay in crypto, even if it means testing their luck in lesser-known parts of the ecosystem that may or may not incur the wrath of Beijing.