The Digital Source For China's Tech Innovation Since 2000

Search
Close

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

December 21, 2021
Source: zycrypto.com zycrypto.com
News Snapshot:
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 track...
Go To Original Source →
Tags: ASIA | ban | bitcoin | blockchain | boycott | China | CNBC | crackdown | crypto | cryptocurrency | currency | data | digital | education | energy | equipment | fintech | government | illegal | IT | law | sichuan | university | VPN | Yunnan

Other Related News:

As China-Taiwan tensions intensify, what's Australia's message to Beijing?

August 12, 2022

Headlines From China: China’s Bona Film Group Returning to Stock Market, Finalizing IPO in Shenzhen

August 12, 2022

Gravitas: China unveils game plan for Taiwan reunification

August 12, 2022

TikTok Owner Buys China Hospital Chain

August 12, 2022

Subsidy discounts reach 100 million yuan 2022 Beijing Consumer Season – Quality Life Drinks Festival starts online_Event_Citizen_Special Area

August 12, 2022

300 Current TIKTOK, BYTEDANCE Employees Worked For Chinese State Media…

August 12, 2022

Alyssa Lynch: Yet another Pelosi Crime Family story — Nancy Pelosi’s son is a Top Investor in a Chinese telecoms company

August 12, 2022

Hennessy and Associates Announce Launch of New China Multi-Asset Income Distribution Fund I

August 12, 2022

300 current TikTok And ByteDance employees used to work for Chinese state media – Forbes The Edge Markets

August 12, 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....