Axar.az
UP

US leads Bitcoin mining as China ban takes effect

Home page World
12 Punto 14 Punto 16 Punto 18 Punto

China's share of global Bitcoin mining has fallen to effectively zero, research by the Cambridge Bitcoin Electricity Consumption Index (CBECI) suggests.

Axar.az reorts that in June China told banks to stop facilitating transactions, and issued bans on mining.

At its peak in Sept 2019 China accounted for over three quarters of all Bitcoin mining.

China's crackdown initially led to a 38% fall in mining globally CBECI said.

However this was partially offset by a 20% "bounceback" over July and August, "suggesting that some Chinese mining equipment has been successfully redeployed overseas", researchers said.

China has since declared all Bitcoin transactions illegal - though that occurred after the period covered by they Cambridge research.

Date
2021.10.13 / 22:55
Author
Axar.az
Comments
See also

Hulusi Akar agreed with his American counterpart

Putin spoke about Karabakh: There are incidents...

People are not vaccinated will not go out at night In Romania

A strong earthquake shook Japan

Statement from Russia: Tensions between Azerbaijan-Iran...

Erdogan: In this case, we will use heavy weapons

Zakharova said: Russian companies are in Karabakh...

COVID-19 kills 178 more Iranians over the past day

Turkey arrests 15 for links to Israel’s Mossad

Jordan hits drug-carrying UAV

Latest
Xocalı soyqırımı — 1992-ci il Bağla
Bize yazin Bağla
ArxivBağla