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Bitcoin mining in China roars back despite last year’s crypto ban (Cryptocurrency: BTC-USD)

May 22, 2022
Source: bestinyou.org bestinyou.org
News Snapshot:
Igor Kutyaev / iStock via Getty Images While China’s government downright banned cryptocurrencies last year, the country now has re-emerged as the world’s second largest bitcoin (BTC-USD) miner, with the US remaining top dog, according to a report from the Cambridge Center for Alternative Finance (“CCAF”) released this week. Specifically, the US’s bitcoin (BTC-USD) mining hub accounted for 37.84% of global hashrate (a measure of computing power – the speed of mining), followed by China (21.11%), Kazakhstan (13.22%), Canada (6.48 %) and Russia (4.66%), as per the report, which referenced data from September 2021 to January 2022. Keep in mind...
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China Tech Buzz Topics: 3D | ban | Beijing | bitcoin | blockchain | boycott | BTC | California | Canada | China | clean energy | Computing | crypto | cryptocurrency | currency | data | digital | distribution | finance | fintech | Kazakhstan | New York | Russia | Texas | Washington

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