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Despite Crackdown, Bitcoin Mining Is Still Alive And Well In China

December 22, 2021
Source: bitcoinethereumnews.com bitcoinethereumnews.com
News Snapshot:
The bitcoin mining crackdown was one of the major moves by a government that rocked the crypto space. The crackdown saw the mass exodus of bitcoin miners out of the presumed mining capital of the world as the Chinese government ramped up its efforts to push the miners out. During this time, the mining hash rate from the region had crashed to nearly zero. Miners moving out of the country had had to quickly move their mining rigs and find new homes for them. During this time, the hash rate and by extension, the price of bitcoin, had suffered extensively...
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Tags: Beats | bitcoin | blockchain | BTC | capital | China | Chinese | CNBC | crackdown | crypto | cybersecurity | data | education | energy | Ethereum | fintech | government | IT | news | power | Qihoo | Qihoo 360 | revenue | United States | university

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