Altcoins Talks - Cryptocurrency Forum

Cryptocurrency Ecosystem => Crypto currency Mining => Topic started by: sirty143 on May 19, 2022, 06:00:31 AM

Title: Amid Mining Bans, China Still Commands World's Second-Largest Share of Bitcoin H
Post by: sirty143 on May 19, 2022, 06:00:31 AM
Amid Mining Bans, China Still Commands World's Second-Largest Share of Bitcoin Hashrate

(https://i.imgur.com/lGyJRoym.jpg)

New data stemming from the latest Cambridge Centre for Alternative Finance (CCAF) report on bitcoin mining indicates that China still holds the second position in terms of global hashrate. See more for yourself here (https://news.bitcoin.com/study-amid-mining-bans-china-still-commands-worlds-second-largest-share-of-bitcoin-hashrate/).

Your opinion is greatly appreciated.
Title: Re: Amid Mining Bans, China Still Commands World's Second-Largest Share of Bitcoin H
Post by: hasyurt on August 16, 2022, 05:28:20 PM
China also mined a lot of Bitcoin when mining was cheap, and it is certain that it has serious BTC in its hands. But at this time, China has banned because it needs serious energy. He banned mining when there was a loss in energy.
Title: Re: Amid Mining Bans, China Still Commands World's Second-Largest Share of Bitcoin H
Post by: Senin on August 22, 2022, 10:00:56 AM
Quote from: hasyurt on August 16, 2022, 05:28:20 PM
China also mined a lot of Bitcoin when mining was cheap, and it is certain that it has serious BTC in its hands. But at this time, China has banned because it needs serious energy. He banned mining when there was a loss in energy.
It seems that China does not have such a strong ban on cryptocurrency mining if this country is still ranked second in bitcoin mining. Or the authorities are not able to control the implementation of their own ban. It is possible that this also suits officials. In any case, it seems that the fight in China is not with cryptocurrency, but with the uncontrolled use of energy.