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Why Russia’s Wonderful Migration of Chinese Bitcoin Miners

November 4, 2021
Source: receive.news receive.news
News Snapshot:
Russia has a higher hash rate of miners fleeing China due to the country’s ban on Bitcoin mining. It’s been less than six months since China’s May 2021 crackdown on bitcoin mining, in the biggest upheaval in the network’s history. According to the Center for Alternative Finance (CFAF) at the University of Cambridge, since May, the United States has risen to the most sensitive place for bitcoin mining with 35% of the global hashrate, while China has risen from 45% to zero. Image source Although Kazakhstan lately occupies a position at the moment with 18% of the mining grid, the...
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Tags: agriculture | ban | bitcoin | blockchain | boycott | China | Chinese | crypto | currency | Economy | education | Europe | finance | fintech | investment | Japan | Kazakhstan | Moscow | PC | retail | Russia | United States | university | website | Xinjiang

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