News Snapshot:
For the first time in eight years, more hash rate was channeled from outside of China, the operator of one of the world’s oldest Bitcoin mining pool, F2Pool, notes as per a tweet on May 4. Bitcoin Hash Rate: The Shift in Distribution Bitcoin’s autonomy is because miners willingly channel computing power using expensive and scarce mining gear. Mining equipment is mainly produced in China. Bitmain, the largest chipset manufacturer of the Antminer brand, dominates. However, as the Bitcoin price rips through resistance levels, recently racing to as high as $64k, Bitcoin mining and hash rate dynamics are beginning to...
