New Data Shows China Still Controls 21% Of The Global Bitcoin Mining Hashrate Tech Talk


Source: 10ztalk.com 10ztalk.com

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China is back with a vengeance. The Cambridge Centre for Alternative Finance, or CCAF, collected data “spanning the period from September 2021 to January 2022” for their latest study . The headline is that, ban or no ban, the Asian country controls 21% of the Global Bitcoin mining hashrate. Since June 2021, here in NewsBTC, we’ve been wracking our brains trying to figure out why did China ban bitcoin mining . Maybe we were barking at the wrong tree the whole time. According to the CCAF’s numbers, unsurprisingly the “US has remained at the forefront of Bitcoin mining and extended...