Finding The Bitcoin Hash Rate In Mainland China Is Still A Mystery

In recent weeks, there have been multiple reports of collapses in bitcoin mining activities in several provinces in China. Statistics for 30 days show that the hash rate has fluctuated wildly, dropping nearly 26% in the last week. Reports show Bitcoin mining pressure in five Chinese provinces Despite the change, the three largest mining pools in the world today are considered Chinese mining pools, accounting for around 41% of the hash rate. However, this does not mean that mining pools are actually home to physical bitcoin mining facilities in mainland China. How much hash rate in China is a million dollar question these days. Especially after Beijing's crackdown on mining and subsequent bans in some provinces. Five states in China have seen bitcoin mining bans. The missions first surfaced in Inner Mongolia when reports surfaced in the first week of March 2021. On June 9, 2021, a report revealed that certain bitcoin miners in Xinjiang had been ordered to be shut down. Another mandate has emerged for crypto miners in Qinghai province. After Qinghai province, authorities in Yunnan also stopped bitcoin mining activities in that area. Bitcoin (BTC) hash rate on June 19, 2021, based on 30-day statistics. Then, while everyone was waiting to hear about Sichuan, the news finally came after the report that a public meeting was held on May 31. Authorities in Sichuan sent a message to bitcoin miners in the province to shut them down before June 25. Current hash rate reference maps and errors in assumptions Hash rate graphs show that the Bitcoin network hashrate has dropped over the past seven days and is currently hovering over a hair. zone of 100 exahash per second (EH/s). The problem is, no one knows exactly how many hashrate there are in China and how many operations have had to migrate. Cambridge Alternative Finance Center index card, otherwise referred to:

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