Wu Blockchain (@WuBlockchain): Reuters reports that Bitcoin mining has quietly resurged in China despite the 2021 ban, with the country now contributing about 14% of global hashrate…
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Reuters reports that Bitcoin mining has quietly resurged in China despite the 2021 ban, with the country now contributing about 14% of global hashrate, ranking third worldwide. Miners have re-emerged in low-cost, energy-surplus regions like Xinjiang and Sichuan, where new facilities are being built. CryptoQuant estimates that 15%–20% of global Bitcoin mining may currently originate from China. https://t.co/xHWEtICUb5