China wants to ban bitcoin mining - Reuters

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Illegal Bitcoin Mining? China Seizes Thousands of ASICs

Illegal Bitcoin Mining? China Seizes Thousands of ASICs submitted by Ranzware to BitNewsLive [link] [comments]

bitcoin mining china

bitcoin mining china submitted by hartukov to u/hartukov [link] [comments]

🆕📢Concentration of Bitcoin Mining in China is worrisome☑️

🆕📢Concentration of Bitcoin Mining in China is worrisome☑️
China, a technically inclined nation known for its massive workforce has made its intention of world domination quite clear. The world's most populated state has grown faster than any other country in the last few decades.
#BitcoinMining #China #CZbinance #cryptonews #crypto

China Bitcoin
👉👀https://www.cryptoknowmics.com/news/concentration-of-bitcoin-mining-in-china-is-worrisome
submitted by cryptoknowmics to ckm_official [link] [comments]

🆕📢Concentration of Bitcoin Mining in China is worrisome☑️

🆕📢Concentration of Bitcoin Mining in China is worrisome☑️
China, a technically inclined nation known for its massive workforce has made its intention of world domination quite clear. The world's most populated state has grown faster than any other country in the last few decades.
#BitcoinMining #China #CZbinance #cryptonews #crypto

China Bitcoin
👉👀https://www.cryptoknowmics.com/news/concentration-of-bitcoin-mining-in-china-is-worrisome
submitted by cryptoknowmics to Crypto_store [link] [comments]

China is responsible for 50% of Bitcoin’s mining, followed by the U.S. with 14% and Russia with 8%

China is responsible for 50% of Bitcoin’s mining, followed by the U.S. with 14% and Russia with 8% submitted by MK333666 to Bitcoin [link] [comments]

Bitcoin Mining Hashrate and Power Analysis - only 50% of mining hashpower is in China currently

Bitcoin Mining Hashrate and Power Analysis - only 50% of mining hashpower is in China currently submitted by SandwichOfEarl to Bitcoin [link] [comments]

US bitcoin mining farm buys 17,600 miners from China-owned Bitmain as talks of a global hash war surface.

submitted by WaggishNickel to Bitcoin [link] [comments]

China is responsible for 50% of Bitcoin's mining, followed by the U.S. with 14% and Russia with 8%

China is responsible for 50% of Bitcoin's mining, followed by the U.S. with 14% and Russia with 8% submitted by DonnieBrast to btc [link] [comments]

A team affiliated with the University of Cambridge has released a new bitcoin data tool showing the countries with the highest concentration of mining activity. On a global scale, the map shows China making up 65% of total global hashrate, with the U.S. and Russia back on 7%.

A team affiliated with the University of Cambridge has released a new bitcoin data tool showing the countries with the highest concentration of mining activity. On a global scale, the map shows China making up 65% of total global hashrate, with the U.S. and Russia back on 7%. submitted by wnuins to CryptoCurrency [link] [comments]

China Controls 50% of Bitcoin Mining While US Hits 14%

submitted by raaner12 to BitcoinMining [link] [comments]

China controls 50% of bitcoin mining, the US — 14%, and Russia-8%

China controls 50% of bitcoin mining, the US — 14%, and Russia-8%
Investment company Fidelity and research firm BitOoda published a report on July 16, according to which China accounts for not 65% of bitcoin mining, as previously thought, but only 50%.
Analysts based their research on various sources, including surveys of miners who agreed, on condition of anonymity, to share information about various aspects of mining, including the cost of electricity. The report says:
We were able to find 153 mining facilities that consume ~4.1 GW and 67 facilities that consume ~3 KW, and we have data on electricity prices provided on the condition of anonymity.
BitOoda also found that 14% of bitcoins are mined in the United States. As for the data on Chinese miners, it is difficult to verify them, so 50% of the world's bitcoin production is not the final figure. "Conversations [with miners] suggest that most of the capacity is located in the US, Canada and Iceland, and only a small part is located in China and other countries," the researchers said.

Geographical distribution of bitcoin mining
The survey also showed how flooding in China (the so-called "hydro season") affects the income of miners. Six months a year, miners from Sichuan and similar provinces spend less bitcoins to pay for their expenses.
We oppose the generally accepted view that low electricity prices encourage hashrate growth during the flood season," the researchers write. — We believe that flooding or the hydro season shifts the cost curve by 6 months a year, which leads to a decrease in bitcoin sales to Finance operating expenses, as a result, miners accumulate capital to Finance capacity growth.
According to the attached chart, the price of bitcoin fluctuates inside and outside the hydroseason, while the growth of the bitcoin hashrate remains stable. Manners had to put up with the elements in Sichuan and other provinces, and in recent years there have been numerous reports of massive outages of mining equipment due to flooding.

Compare prices and Hasrat bitcoin depending on floods and \"hydrostone»
Researcher Martin bent (Marty Bent) was pleasantly surprised by the results of the survey:
It is striking to see that the US already accounts for 14% of the hashrate — I expect this figure to grow significantly.... he wrote after the publication of the study.
P.S - You may also be interested in
submitted by btcxlab to CryptoMarkets [link] [comments]

If China mines 60% of all bitcoins, where mining is the verification process of transactions, then do they hold a major leverage over the market if they decide to power off and forcibly control/stagnate those mining facilities?

Forgive the noob question, but seeing as the mining difficulty appreciates, it would be economically unviable to believe that some other country could just pick up the slack if China brought the hammer down on the whole thing. Maybe my idea of bitcoin is all wrong as I’ve chosen to dig deeper into the financial rather than science aspects.
submitted by a1705471 to Bitcoin [link] [comments]

China is losing its dominance over Bitcoin mining industry: report

China is losing its dominance over Bitcoin mining industry: report submitted by SaneFive to BitcoinMining [link] [comments]

China’s ‘Gaokao’ college entrance exam may have a question on bitcoin mining

China’s ‘Gaokao’ college entrance exam may have a question on bitcoin mining submitted by Suavecake12 to Sino [link] [comments]

Report Cuts China's Bitcoin Mining Capacity to 50% of World Total, Raises US' to 14%

Report Cuts China's Bitcoin Mining Capacity to 50% of World Total, Raises US' to 14% submitted by swiftestcat to btc [link] [comments]

China, US account for 50%, 14% of Bitcoin Mining respectively: Report

submitted by yaztal to Cryptocurrencies_News [link] [comments]

Research Shows China Controls 50% Of Bitcoin Mining While The US Now Stands At 14%

Research Shows China Controls 50% Of Bitcoin Mining While The US Now Stands At 14% submitted by bitcoinexchangeguide to BitcoinExchangeGuide [link] [comments]

China accounts for 50% of global Bitcoin mining capacity, and computing power may double in the next year

China accounts for 50% of global Bitcoin mining capacity, and computing power may double in the next year
According to the latest report by asset management giant Fidelity and crypto research firm BitQoda, China accounts for approximately 50% of the total 9.6 GW of global Bitcoin mining. Historically, China has always dominated the market, where large mining machine manufacturers and mining pool companies control the vast majority of Bitcoin's hash rate (hash rate).
https://preview.redd.it/2nksemy8obc51.jpg?width=594&format=pjpg&auto=webp&s=035cb9bcd75875038c13e2157af8a10b95739109
submitted by dengtaDTB to u/dengtaDTB [link] [comments]

China Controls 50% of Bitcoin Mining While US Hits 14% — New Survey

China Controls 50% of Bitcoin Mining While US Hits 14% — New Survey submitted by Ranzware to BitNewsLive [link] [comments]

Bitcoin mining "shifting from China to the United States"

Bitcoin mining
According to the latest report released by the crypto industry research company BitOoda, the trend of Bitcoin mining "shifting from China to the United States" has taken place. The estimated proportion of China's Bitcoin mining power and energy in the global total has dropped to 50%, while the US Bitcoin The proportion of mining power energy has increased to 14%. This result is in sharp contrast with the early research data of the Cambridge University Centre for Alternative Finance (CCAF). The research data of the center at the beginning of May showed that China accounted for 65% of global Bitcoin electricity energy, while the United States only had about 7.2 %.

https://preview.redd.it/7s6h0r1elyb51.jpg?width=600&format=pjpg&auto=webp&s=7c586bfcbddb94dfda54bdfee0a16231086dbc47
submitted by dengtaDTB to u/dengtaDTB [link] [comments]

Bitcoin mining "shifting from China to the United States"

Bitcoin mining
According to the latest report released by the crypto industry research company BitOoda, the trend of Bitcoin mining "shifting from China to the United States" has taken place. The estimated proportion of China's Bitcoin mining power and energy in the global total has dropped to 50%, while the US Bitcoin The proportion of mining power energy has increased to 14%. This result is in sharp contrast with the early research data of the Cambridge University Centre for Alternative Finance (CCAF). The research data of the center at the beginning of May showed that China accounted for 65% of global Bitcoin electricity energy, while the United States only had about 7.2 %.

https://preview.redd.it/n3kn8pislyb51.jpg?width=600&format=pjpg&auto=webp&s=dcde9980db6bf748a46e567f89fec995c5cf4158
submitted by dengtaDTB to u/dengtaDTB [link] [comments]

China, US account for 50%, 14% of Bitcoin Mining respectively: Report

submitted by yaztal to CryptoNewsReports [link] [comments]

Chinese police seize bitcoin-mining computers that illegally tapped electricity China Controls 50% of Bitcoin Mining While US Hits 14% — New Survey China Bitcoin new Doubler Bitcoin mining sites 200% after 24 Hours Bitcoin Mining in China - No Ban, No Crackdown A 360 tour of a giant Chinese bitcoin mine

In life, they say that you can only rely on death and taxes. While this may be true, I’d like to propose a third: that China will always be the Bitcoin mining capital of the world. In fact, it controls up to 80% of the world’s total hash rate, is responsible for manufacturing the vast majority of mining equipment and is home to some of the world’s largest mining farms. SBI Holdings Inc. and Japanese internet-service provider GMO Internet Inc. are about to start extracting Bitcoin at the world’s largest crypto mine, located in the industry’s new hotspot Ever wanted to Mine Bitcoin in China? Table of Contents. China's Crackdown on Mining. How China Supports the Mining Ecosystem. Interview with a Miner in China. As a possible entrepreneurial endeavor, I’ve often wondered about the viability of independent crypto-mining in a country like China. China is the world’s largest market for computer hardware designed to mine bitcoin and other cryptocurrencies, even though such activities previously fell under a regulatory grey area. Bitcoin miners moving out of China. Needless to say, China is the world’s undisputed leader in bitcoin mining, thanks to the country’s cheap electricity, cheap labor, and manufacturing capabilities. Having cracked down cryptocurrency exchanges and ICOs, China is now planning to go after bitcoin miners.

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Chinese police seize bitcoin-mining computers that illegally tapped electricity

"Bitcoin Mining is Banned in China" - this was the headline that ran on Western media. This is far from the truth! Mining is well and alive in china, and various ASICS (Bitmain Antminer s9, L3 ... China was once a hub for Bitcoin innovation and investment, but the nation has shifted gears over the past couple of years. So when rumors started to spread on Friday morning that the country was ... The mine is operated by Bitmain, a company headquartered in Beijing, and one of the world’s leading bitcoin miners. Read more about Bitmain's story and bitcoin mining in China: https://goo.gl/qbxFH2 Bitcoin mine China (2 minutes) - Duration: 2:07. harkeu 9,616 views. 2:07. Inside one of the world's biggest bitcoin mines 👷🔨💰💸🤑💲 - Duration: 2:31. China controls much less Bitcoin ( BTC ) mining power than people think, according to a new survey. Released on July 16 by asset manager Fidelity and crypto research firm BitOoda, the survey ...

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