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Chinese Bitcoin Miners Resurrect After Lying Low For Months In Response To The Government’s Crackdown

May 28, 2022
Source: zycrypto.com zycrypto.com
News Snapshot:
- Chinese miners are back from the abyss after months of inactivity, says a new report. - Mining hashrates plunged drastically at the height of the country’s crackdown on cryptocurrency activity. - A recent definition of Bitcoin by a Chinese court has offered a small ray of hope for investors in the country. At the height of its power, China controlled the largest hash rates on the Bitcoin network with over 60% of global figures. With one stroke of the pen, the government sent figures to zero as miners fled to new jurisdictions but there appears to be a resurgence....
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