Oddbean new post about login | logout China still has a 15% global share of the Bitcoin mining hash-rate, despite an official ban on #BitcoinWhy and how? 1. USA: 40% 2. China: 15% 3. Russia: 12% 4. Canada: 5% 5. Kazakhstan: 3.5% 6. UAE: 3% 7. Malaysia: 3% 8. Norway: 1.5% 9. Ethiopia: 0.3% https://x.com/btc_archive/status/1760410452968763537?s=46 https://yakihonne.s3.ap-east-1.amazonaws.com/fd78c37f13c3a9d5bce80dc3278d529ba908e5119e90f9131905c5a5a0ec0833/files/1708678920602-YAKIHONNES3.jpg
The hash race has begun nostr:nevent1qqs27y8nyks40aezcjukevmdwcww030k9wnjeen45wu2ghkrmrxrn6gpp4mhxue69uhkummn9ekx7mqzyr7h3smlz0p6n4duaqxuxfud22d6jz89zx0fp7gnryzutfdqasyrxqcyqqqqqqg8enaj3
China still has a 15% global share of the Bitcoin mining hash-rate, despite an official ban on #BitcoinWhy and how? 1. USA: 40% 2. China: 15% 3. Russia: 12% 4. Canada: 5% 5. Kazakhstan: 3.5% 6. UAE: 3% 7. Malaysia: 3% 8. Norway: 1.5% 9. Ethiopia: 0.3%https://x.com/btc_archive/status/1760410452968763537?s=46
China still has a 15% global share of the Bitcoin mining hash-rate, despite an official ban on #BitcoinWhy and how? 1. USA: 40% 2. China: 15% 3. Russia: 12% 4. Canada: 5% 5. Kazakhstan: 3.5% 6. UAE: 3% 7. Malaysia: 3% 8. Norway: 1.5% 9. Ethiopia: 0.3%
China still has a 15% global share of the Bitcoin mining hash-rate, despite an official ban on #BitcoinWhy and how? 1. USA: 40% 2. China: 15% 3. Russia: 12% 4. Canada: 5% 5. Kazakhstan: 3.5% 6. UAE: 3% 7. Malaysia: 3% 8. Norway: 1.5% 9. Ethiopia: 0.3% https://x.com/btc_archive/status/1760410452968763537?s=46
China still has a 15% global share of the Bitcoin mining hash-rate, despite an official ban on #BitcoinWhy and how? 1. USA: 40% 2. China: 15% 3. Russia: 12% 4. Canada: 5% 5. Kazakhstan: 3.5% 6. UAE: 3% 7. Malaysia: 3% 8. Norway: 1.5% 9. Ethiopia: 0.3% https://x.com/btc_archive/status/1760410452968763537?s=46
China still has a 15% global share of the Bitcoin mining hash-rate, despite an official ban on #BitcoinWhy and how? 1. USA: 40% 2. China: 15% 3. Russia: 12% 4. Canada: 5% 5. Kazakhstan: 3.5% 6. UAE: 3% 7. Malaysia: 3% 8. Norway: 1.5% 9. Ethiopia: 0.3% https://x.com/btc_archive/status/1760410452968763537?s=46
China still has a 15% global share of the Bitcoin mining hash-rate, despite an official ban on #BitcoinWhy and how? 1. USA: 40% 2. China: 15% 3. Russia: 12% 4. Canada: 5% 5. Kazakhstan: 3.5% 6. UAE: 3% 7. Malaysia: 3% 8. Norway: 1.5% 9. Ethiopia: 0.3% https://x.com/btc_archive/status/1760410452968763537?s=46
China still maintains a 15% global share of the Bitcoin mining hash-rate, despite an official ban on Bitcoin mining in the country . This is a significant decrease from its previous dominance, as China was once the world's biggest crypto mining hub, accounting for between 65% to 75% of the total hash rate of the Bitcoin network . However, after authorities launched a crackdown on cryptocurrencies, China's share of global Bitcoin mining capacity plummeted to zero in July and August 2021
Historical Dominance: China was once the epicenter of Bitcoin mining, accounting for 65% to 75% of the global hash rate before the ban. Even after the crackdown, the infrastructure and expertise developed over years have not completely dissipated, allowing some miners to continue operating
