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Geographic Distribution Data Shows US Takes Leading Bitcoin Mining Position After China’s Crackdown

Geographic Distribution Data Shows US Takes Leading Bitcoin Mining Position After China’s CrackdownAfter China has reigned for a number of consecutive years as the dominant bitcoin mining epicenter of the world, the United States has “taken the leading position in bitcoin mining,” according to new data from Cambridge University. Data Shows US, Kazakhstan, Russian Federation Rule the Bitcoin Mining Roost In mid-July, researchers from the Cambridge Bitcoin […]

Cantor Fitzgerald CEO Howard Lutnick vying for Treasury Secretary post

University of Cambridge Bitcoin Mining Map Shows China’s Hashrate Dropped to 46%

University of Cambridge Bitcoin Mining Map Shows China’s Hashrate Dropped to 46%After the researchers from the Cambridge Bitcoin Electricity Consumption Index (CBECI) project said that the website’s “Bitcoin Mining Map” had not been updated since April 2020, the map has finally been updated. Current data from the mining map shows the coverage goes all the way up until April 2021, and the estimate of China’s hashrate […]

Cantor Fitzgerald CEO Howard Lutnick vying for Treasury Secretary post

Bitcoin’s Hashrate Drops Below 100 Exahash, Observers Describe China’s ‘Great ASIC Exodus’

Bitcoin’s Hashrate Drops Below 100 Exahash, Observers Describe China’s ‘Great ASIC Exodus’Most of the crypto community has been focused on the developments in China and more specifically, the crackdowns against bitcoin miners in Inner Mongolia, Xinjiang, Qinghai, Yunnan, and Sichuan. On Wednesday morning (EST), Bitcoin’s overall hashrate has continued to drop and is now below the 100 exahash per second (EH/s) region. During the last 24 […]

Cantor Fitzgerald CEO Howard Lutnick vying for Treasury Secretary post

Figuring Out How Much Bitcoin Hashrate Resides in Mainland China Still a Mystery

Figuring Out How Much Bitcoin Hashrate Resides in Mainland China Still a MysteryOver the last few weeks, there have been many reports about crackdowns in China tied to bitcoin mining operations in various provinces. 30-day statistics show the hashrate has been fluctuating wildly, and across the last week it has slid downward roughly 26%. Reports Show Bitcoin Mining Crackdowns in Five Chinese Provinces Despite the slide, the […]

Cantor Fitzgerald CEO Howard Lutnick vying for Treasury Secretary post

Reports of Mining Sector Cleanup Put China’s Yunnan Province in the Spotlight

Reports of Mining Sector Cleanup Put China’s Yunnan Province in the SpotlightAuthorities in Yunnan are launching an investigation to identify and shut down miners that are illegally using electrical power to mint bitcoin, Chinese media reports. Inspections will also focus on potential safety hazards and will be carried out by various government departments. The mining industry cleanup is expected to continue till the end of June. […]

Cantor Fitzgerald CEO Howard Lutnick vying for Treasury Secretary post

China’s Qinghai Province Instructs Bitcoin Mining Operations to Shut Down

China’s Qinghai Province Instructs Bitcoin Mining Operations to Shut DownFollowing the report that indicates specific Chinese miners in the Xinjiang region were told by officials to shut down, another agency in Qinghai has informed miners to cease operations in a recently published government mandate. Similarly, the Qinghai Industry and Information Technology Department’s document explains bitcoin mining operations cannot operate in the area. Qinghai Province […]

Cantor Fitzgerald CEO Howard Lutnick vying for Treasury Secretary post