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

Warning from Israel: Do not go to these countries!

Crocus attack: how did Simonyan escape at the last moment?

Simonyan: I told this to Gafarova, and we agreed - New meeting

This is meaningless Kremlin propaganda - USA

The number of military evaders reaches 1 million in Ukraine

Putin will never forgive this - Zelensky

The shock from Lavrov: NATO is already entering Armenia

Israel must understand that this is wrong - Tayani

Crocus terror attack: Terrorists were financed by Ukraine

Poland opens the border with Ukraine? - Tusk

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