Guess who's back 👀 China has 21% of the global Bitcoin hash rate, despite the mining ban 🇨🇳 This puts the country behind the United States (34.7%) 🇺🇸 and ahead of Kazakhstan (13.2%) 🇰🇿
. The country is once again the second-biggest contributor to Bitcoin's global hash rate, only behind the United States.
China currently contributes 21.1% of the global BTC hash rate, second to the US with 34.7%. Kazakhstan is back in third place with 13.2%.was falling even before mining was officially banned. For a brief period in the latter half of 2021, the Cambridge Bitcoin Electricity Consumption Index recorded no activity from Mainland China.
The latest data from January 2022 shows that Bitcoin mining in China really only was offline for two months . Countries like, Russia and Canada, which were hoping to capitalize on the exodus of miners from China, are firmly behind in terms of hash rate. Thus, the idea of no Bitcoin mining in China can be shelved once and for all. CBECI project lead Alexander Neumueller told"Our data empirically confirms the claims of industry insiders that Bitcoin mining is still ongoing within the country. Although mining in China is far from its former heights, the country still seems to host about one-fifth of the total hash rate.
This article contains links to third-party websites or other content for information purposes only . The Third-Party Sites are not under the control of CoinMarketCap, and CoinMarketCap is not responsible for the content of any Third-Party Site, including without limitation any link contained in a Third-Party Site, or any changes or updates to a Third-Party Site.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
China Backed Publication: Terra LUNA Crash Vindicates Country's Ban on Crypto-Related Activities – Featured Bitcoin NewsEfforts to rescue the stablecoin precipitated LUNA’s plunge from a price of over $87 on May 4, 2022, to a current price of just under $0.0003. terra virtualcurrency bitcoin
Read more »
Bitcoin, Ether Hover Above Support Amid China Optimism, U.S. Futures BumpFollowing a brutal string of declines, bitcoin is hanging just above $30K, and ether just above $2K alongside modest bounces for stocks across the globe. grittygatorr reports
Read more »
China Emerges as Leading Bitcoin Mining Hub a Year After Crackdown: Cambridge DataThe once world's largest Bitcoin mining country, China, is getting back at it again, but this time, more covertly.
Read more »
China Competitiveness Bill Faces Hurdles as Time Runs ShortDisagreements over legislation designed to boost U.S. competitiveness against China are clouding its prospects in Congress, as lawmakers enter a period of make-or-break negotiations.
Read more »
Shanghai lockdown: China unemployment rate near pandemic peakEvidence of China's economic slowdown came as authorities unveiled plans to lift Shanghai's lockdown.
Read more »
Uyghur county in China has highest prison rate in the worldUnder international pressure, Beijing closed many internment camps for Uyghurs in China’s Xinjiang region. But leaked data obtained by the AP shows that thousands of Uyghurs from just one county still languish in prison on charges related to terrorism.
Read more »