ࢀ¢ 0 Comments Back in July, it was said that China was steadily losing its concentration of Bitcoin Hashpower and the country dropped to 50%. A new regional report from China Blocktrain&Bitcon news (8tbc) and statements from the head of operations at Genesis Mining, the largest cloud mining company on the market indicate that Chinese miners are migrating from China to Nordic Regions. Bitcoin mining is a computerized process with three main functions which includes issuing new Bitcoins, confirming transactions and ensuring the Bitcoin network remains secure. Miners achieve this by solving a computational problem which allows them to chain…
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