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What Ban? 20% Of All The World’s Bitcoin Miners Remain In China ? ZyCrypto

News Snapshot:

&nbsp &nbsp Key Takeaways – China still influences Bitcoin through hashrate. – The contribution is coming from miners operating underground. – This may soon reduce as the miners are contemplating leaving China due to the country’s energy crisis. According to a CNBC exposé, cryptocurrency mining, although greatly reduced, is still alive in China despite the government’s efforts to stamp it out. The report noted that contrary to the Cambridge University estimate that put China’s contribution to the hashrate of the Bitcoin network at 0%, miners in the country may be contributing as much as 20%. This is however difficult to…

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