China is second-biggest bitcoin mining hub as miners go underground

By September 2021, China made up just over 22% of the total bitcoin mining market, according to Cambridge University research.Paul Ratje | The Washington Post | Getty ImagesBitcoin miners aren’t giving up in China despite Beijing’s ban on the practice.China was once the world’s biggest crypto mining hub, accounting for between 65% to 75% of the total “hash rate” — or processing power — of the bitcoin network.But the country’s share of global bitcoin mining capacity plummeted to zero in…
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