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Chinese Bitcoin Hashrate Drops To Zero ? ZyCrypto

October 18, 2021
Source: bitcoinethereumnews.com bitcoinethereumnews.com
News Snapshot:
- For nearly a decade, China had dominated the Bitcoin mining scene and contributed as high as 75% of global mining hash rates. - Chinese Bitcoin hash rates have fallen to zero following a heightened crackdown from the country’s regulatory agencies. - In the wake of the crackdown, other countries are filling the boots left by China with the US leading the charge. China’s move to ban cryptocurrencies has tipped the balance as major players in the mining game find their new footing. Mass miner migration has whittled down the country’s mining hash rate to new lows that could not...
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China Tech Buzz Topics: ban | bitcoin | blockchain | boycott | Canada | China | Chinese | crackdown | crypto | currency | data | digital | energy | finance | fintech | game | Germany | Ireland | IT | Kazakhstan | Latin America | Malaysia | Russia | shipping | Xinjiang

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