The Digital Source For China's Tech Innovation Since 2000

Search
Close

Bitcoin network's hash rate recovers from Chinese mining crackdown

December 12, 2021
Source: neowin.net neowin.net
News Snapshot:
Data from Blockchain.com shows that the Bitcoin network’s hash rate has recovered to levels not seen since China banned mining in the country back in May. Between May and July, the hash rate plummeted before rising again as miners moved their operations. The hash rate is important because it shows how much computing power is performing Bitcoin mining. Miners have their computers performing intensive work and if they’re lucky, they receive a Bitcoin payout. Part of the miners’ work also involves processing transactions. When there’s a backlog of transactions, the price for transferring Bitcoin can go up so with the...
Go To Original Source →
Tags: America | ban | bitcoin | blockchain | boycott | China | Chinese | Computing | construction | crackdown | crypto | data | energy | finance | financial | fintech | index | IT | Kazakhstan | network | plant | power | president | United States | USA

Other Related News:

140 artificial intelligence-based systems along border to keep watch on China, Pak : The Tribune India

August 7, 2022

15 richest British royal family members’ net worths, ranked: from Queen Elizabeth’s US$100 million taxpayer income and Kate Middleton’s trust fund, to Meghan Markle and Prince Harry’s Apple TV+ gig

August 7, 2022

Chinese malware hides in App Store apps for macOS – Gizchina.com

August 7, 2022

Apple Care+ loss insurance has been launched in many countries, but it has been silent in China. Why?

August 7, 2022

Apple to manufacture iPhone 14 in India simultaneosly with China: Report – Business Standard

August 7, 2022

Hong Kong Investors Lost $50M From Crypto Scams in 2022 (Report) CryptoNews

August 7, 2022

Biden is sending a weak message to China: Mercedes Schlapp

August 7, 2022

LOL! Internet Reacts to Pelosi’s “connection” with China: “When I was a little girl, I was told at the beach if I dug a hole deep enough we would reach China.” [VIDEO]

August 7, 2022

Spam, adored by Asians, is no longer the ‘secret shame’ you dare not admit to loving

August 7, 2022
  • Contact Us
  • About Us
  • Corrections and Disclosure
  • Privacy Policy
  • Terms & Conditions
Menu
  • Contact Us
  • About Us
  • Corrections and Disclosure
  • Privacy Policy
  • Terms & Conditions
© 2022 ChinaTechNews.com. A Service of Asia Media Network.
Twitter
Posting....