China’s Ban On Mining Is Changing Crypto’s Landscape
China announced last week that financial institutions in the country would no longer be able to sell Bitcoin services, and that mining would be prohibited. Many in the Bitcoin community, including this paper, reacted with skepticism to the news, noting that China has previously “banned” its companies from using Bitcoin with little effect, and that […]
Related News
Increased regulatory scrutiny from China is changing the bitcoin mining landscape. But where will hash rate go?
With Intel set to present an ASIC geared for bitcoin mining later this month, how will the computing giant reshape the industry’s landscape?
China’s province of Sichuan is known for its spicy food flavors. Now, though, it’s becoming known as something else: a bitcoin mining capital. It was in 2013 that China was first thought to have discovered bitcoin and since then the country has been making up for lost time in mining the digital currency. What, though, has that got to do with the province of Sichuan? Well, according to the China Money Network, since 2015, over 30 percent of China’s bitcoin mining machines have been purchased from the Sichuan province. Considering that around 70 percent of bitcoin’s global computational....
Which nations are the new harbors of miners, and where can Ether and Bitcoin be successfully — and profitably — mined in 2022? One of the main themes among the crypto community in 2021 was China’s aggressive policy toward mining, which led to a complete ban on such activities in September. While mining as a type of financial activity has not gone away and is unlikely to disappear, Chinese cryptocurrency miners had to look for a new place to set up shop. Many of them moved to the United States — the world’s new mining mecca — while some left to Scandinavia and others to nearby Kazakhstan,....
In this episode of Bitcoin In Asia, BlockBridge Consulting’s Nishant Sharma discusses how fresh competition is changing the bitcoin mining market. The post Video: Fresh Competition Is Shaping The Bitcoin Mining Hardware And Pool Landscape appeared first on Bitcoin Magazine.