- As Chinese miners seek greener pastures, countries compete for the bitcoin mining business. This is where they’re going to end up. The news of a big migration of miners from China shook the crypto market a few months ago - As a result, Bitcoin’s hash rate plummeted to its lowest point in history. As many Bitcoin network participants shut off their equipment, China’s share of BTC mining has plummeted by 55 percent since the beginning of the year - Before trying to figure out where the miners are going, it’s important to understand why the Chinese government prohibited mining...