China’s underground Bitcoin mining hashrate contributes 22% to global mining hashrate as it increases by 3% in the three months leading to January, 2022 amidst government crackdown. Per data from a chart provided by Cambridge Bitcoin Electricity Data, mining hashrate seems to be on the increase in Mainland China despite the government crackdown on Bitcoin The post U.S. Is Winning Bitcoin Mining Race But China Still Not Out Of Picture: Report appeared first on CoinGape.
Actually, mining in China has been illegal for a year. But the Middle Kingdom still accounts for a large part of the global Bitcoin hashrate. Why is that? The mining ban in China almost a year ago marked a turning point for the crypto space. Suddenly, the mining of cryptocurrencies such as Bitcoin or Ethereum […] Read more Bitcoin News and get the last Bitcoin Priceon article source: Why China is still a bitcoin mining power