US EditionChina Reemerges as Global Bitcoin Mining Power
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5 Articles
Bitcoin mining is making a strong comeback in China despite a ban from 2021.
China Reemerges as Global Bitcoin Mining Power
China’s bitcoin mining industry is staging an unexpected resurgence four years after a sweeping ban forced mass shutdowns. New data shows China has reclaimed the world’s No. 3 spot as cheap electricity, regional incentives, and shifting policy signals draw miners back. Beijing’s Softening Crypto Stance Fuels Stealth Mining Comeback Bitcoin mining in China is rebounding […]
Bitcoin mining rebounds in China despite ban
Bitcoin mining is quietly staging a comeback in China despite being banned four years ago, as individual and corporate miners exploit cheap electricity and a data-centre boom in some energy-rich provinces, according to miners and industry data, reports the South China Morning Post. China had been the world’s biggest crypto mining country until Beijing banned […]
China’s Bitcoin Hashrate Jumps To 14%, Securing 3rd Place Globally
China has quietly worked its way back into the top three global Bitcoin miners, holding about 14% of the network’s total computing power. Related Reading: Bitcoin Short-Term Holders Panic Again, And Analysts Say We’re At A Major Crossroads Reports have disclosed that this share is roughly equal to 145 EH/s (exahashes per second), putting the […]
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