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Technology By Ayub Khan On May 17, 2022 0 Share China is back again as a key center for Bitcoin mining, despite the country outright banning the activity one year ago. The Cambridge Bitcoin Electricity Consumption Index (CBECI) provided by the Cambridge Centre for Alternative Finance (CCAF) shows that Chinese Bitcoin mining activities have rebounded, and it’s currently the second-largest in the world — contributing to 21.1 percent of the overall global BTC hash rate, right behind the US which holds 37.8 percent of the total hash rate. As per statistics, mining activity in China made a swift recovery last...
