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In the war between Bitcoin and Beijing, Bitcoin won. Mining Gets Close to Records – Cryptoactives

News Snapshot:

China, the main cradle of crypto mining, has not been able to contain the activity, despite all the crackdown on the sector. The computing power dedicated to creating bitcoin is about to hit a record high, with most miners moving to other countries, where electricity bills are among the cheapest in the world. Currently, the bitcoin hash rate – which measures levels of mining of the world’s most valuable cryptocurrency and is measured between Quilohash and Exahash – has risen to 172 million “terahash” per second, the highest since May according to data from Blockchain.com. Since miners were expelled from…

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