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20% of Bitcoin Hashrate Is ‘Still in Mainland China,’ Report Claims
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As much as 20% of the world’s total bitcoin (BTC) mining hashrate may still be based in Mainland China despite September’s crackdown, a new report has indicated.
Although Beijing has been seeking to make an example of miners who continue to defy its blanket ban on mining, authorities in the country continue to unearth pockets of miners who have refused to shut off their rigs and are trying to evade detection.
Per a CNBC report, however, the scale of such operations may be larger than first
Read more on cryptonews.comAbout this in other media
Bitcoin starts 2022 at $47.2K as fresh research pins performance on China trader exodus cointelegraph.com /2 years ago
'Net neutral' — Rising Bitcoin exchange balances could be due to Huobi Chinese user block cointelegraph.com /2 years ago
Chinese Crypto Users Still Find Ways to Circumvent Ban cryptonews.com /2 years ago
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