Chinese Crackdown Allow North American Miners To HODL More Bitcoin

Chinese Crackdown Allow North American Miners To HODL More Bitcoin

Since China started cracking down on bitcoin mining, North American miners have enjoyed lower difficulty to mine and HODL more BTC. ​In July, North American bitcoin miners have enjoyed a bigger bitcoin production without meaningful increases in hash rate capacity. Five publicly listed firms mined a combined total of 1,802 BTC that month, a 58% average increase over June.The production update statements released by each of the five miners, Marathon, Argo Blockchain, Bitfarms, Hut 8, and Riot Blockchain, detail their unusually productive month in July. Without a big increase in hash rate....

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