News Snapshot:
China is serious: After the government announced several times that it would no longer tolerate Bitcoin and mining activities, several mining farms were cut off from electricity between May and July. Within just seven weeks, the hash performance of the Bitcoin network shrank by more than half, from around 180 EH / s (exa hashes per second) on May 14th to below 85 EH / s on July 4th, 2021. The shutdown of over 50 percent of all miners of a cryptocurrency that is susceptible to a 51 percent attack sounds threatening. Indeed, this threat persisted for years; For some...
