Don’t Trust Bitcoin Mining Data From China

China has “re-emerged” as a major bitcoin mining hub in 2022, representing more than 20% of the Bitcoin network’s hash rate, according to new data from Cambridge’s Center for Alternative Finance (CCAF). The October 2021 data update from CCAF indicated that “mining operations in mainland China have effectively dropped to zero.” So, what caused this … Read more

Don’t Trust Bitcoin Mining Data From China

China has “re-emerged” as a major bitcoin mining hub in 2022, representing more than 20% of the Bitcoin network’s hash rate, according to new data from Cambridge’s Center for Alternative Finance (CCAF). The October 2021 data update from CCAF indicated that “mining operations in mainland China have effectively dropped to zero.” So, what caused this … Read more