News Snapshot:
China is no longer the world’s top bitcoin mining market after a months-long campaign to push out cryptocurrency mining saw related activity fall below levels seen in the United States, Russia and Kazakhstan, the latest data from the Cambridge Bitcoin Electricity Consumption Index (CBECI) show. Until recently, China had been the world’s top mining market since CBECI started recording data in September 2019 on each country’s hash rate, a unit of measure for the bitcoin network’s processing power for verifying transactions and mining new cryptocurrency tokens. But mining operations had started concentrating in the country years before because of its...
