China is second to the United States in global Bitcoin mining hashrate


Source: uktimenews.com uktimenews.com

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Bitcoin mining has resumed in China, suggests a new report. According to a study by the University of Cambridge, Bitcoin mining activity in China has slowly increased to currently account for 21% of the total global hashrate. The report released on Tuesday comes nearly a year after a massive Chinese crackdown on crypto mining and trading drove miners out of the country. As the exodus of miners made its way to the United States and other countries, the overall hash rate securing the Bitcoin network from China dropped dramatically. According to the report, miners have launched “covert mining operations”, the...