The Digital Source For China's Tech Innovation Since 2000

Search
Close

US leads Bitcoin mining as China ban takes effect

October 14, 2021
Source: alsiasi.com alsiasi.com
News Snapshot:
US leads Bitcoin mining as China ban takes effect China’s share of global Bitcoin mining has fallen to effectively zero, research by the Cambridge Bitcoin Electricity Consumption Index (CBECI) suggests. In June China told banks to stop facilitating transactions, and issued bans on mining. At its peak in Sept 2019 China accounted for over three quarters of all Bitcoin mining. China’s crackdown initially led to a 38% fall in mining globally CBECI said. However this was partially offset by a 20% “bounceback” over July and August, “suggesting that some Chinese mining equipment has been successfully redeployed overseas”, researchers said. China...
Go To Original Source →
Tags: accounting | audit | author | ban | bank | bitcoin | blockchain | blog | boycott | China | Chinese | climate change | co2 | Computing | crypto | currency | distribution | ESG | finance | fintech | Gadgets & Electronics | Kazakhstan | pollution | Russia | Washington

Other Related News:

Russian founder of cryptocurrency exchange arrested in Miami, accused of dealing with dirty money as part of "high-tech axis of crypto crime"

January 19, 2023

Bitzlato crypto exchange founder charged with illegal transfers of $700 million

January 19, 2023

Big Tech braces for dismal profits, more job cuts

January 19, 2023

Microsoft to shed 10,000 jobs, adding to glut of tech layoffs

January 19, 2023

A Drive to Understand National Capabilities in Critical Technologies The New York Times

January 19, 2023

Texas universities ban TikTok

January 19, 2023

Law Firm Investigating Diablo Immortal For False Advertising

January 19, 2023

PREVIEW-Big Tech braces for dismal profits, more job cuts

January 19, 2023

Formula 1 Carbon Footprint Slammed After 2023 Calendar Release

January 19, 2023
  • Contact Us
  • About Us
  • Corrections and Disclosure
  • Privacy Policy
  • Terms & Conditions
  • Contact Us
  • About Us
  • Corrections and Disclosure
  • Privacy Policy
  • Terms & Conditions
© 2023 ChinaTechNews.com. A Service of Asia Media Network.
Twitter