China’s Bitcoin Mining Isn’t Dead — It’s The World’s No. 3 Contributor

China’s crackdown on Bitcoin mining sparks a restructuring of the distribution of the ecosystem, impacting the hash rate in the short run. China’s crackdown on Bitcoin (BTC) mining operations has led to a significant drop in the network’s hash rate, but industry participants believe it presents an incredible opportunity for the wider mining ecosystem.China has long been a major contributor to the Bitcoin mining space, at times accounting for more than 70% of the global hash rate of the world’s preeminent cryptocurrency. That was up until June 2021, when the Chinese government moved to....

In Kongyu, Tibet, hydropower electricity is inexpensive, as are wages. And Chinese entrepreneurs are among the world’s most capable and least risk averse. This combination makes Kongyu in China’s western Sichuan province an ideal place for a bitcoin mining operation, as revealed by a Washington Post report. Chinese mines comprise about 70 percent of the world’s bitcoin processing power. Chinese factories produce the cheapest microprocessors that run the mines. Chinese bitcoin exchanges represent a similar portion of global bitcoin trading. Is such dominance good or bad for bitcoin’s....

With innovative features like B.Y.O.E and “Project X”, ARAWR isn’t your run-of-the mill mining company. If your looking for up to a terahash of cloud mining at a competitive rate, consider ARAWR. I started mining back in 2010, and have been addicted ever since. I guess you could say that this is what started the idea for Arawrmc.com. We started off rather humbly mining with a few GPU’s in my living room. The wife hated that. So much noise, and heat. We could literally heat our home in the dead of winter, which hit -40 f this year for more than a week straight! Our heating bill was quite....

Three of China’s biggest Bitcoin hardware makers have quietly set up shop in the US, trying to dodge hefty import fees. Bitmain, Canaan and MicroBT together control over 90% of the world’s mining rigs. Their move comes after US President Donald Trump slapped new tariffs on Chinese goods, a shift that could reroute the very […]

Cambridge research shows that China’s Bitcoin mining power fell by 40% before the crackdown, while the United States’ hash power has quadrupled. China’s crackdown on Bitcoin (BTC) mining due to energy consumption concerns is widely regarded as the trigger for the miners’ exodus from Asia to Western countries. But new research by the Cambridge Centre for Alternative Finance suggests that the shift in mining power started before China’s renewed scrutiny.Reuters reported that China’s total computing power connected to the Bitcoin network, or hash rate, fell from 75.5% in September 2019 to 46%....