Home Bitcoin NewsBitcoin Mining Highest in 2 Years: 65% of Bitcoin Hash Power Is in China, Report Finds – Coindesk

Highest in 2 Years: 65% of Bitcoin Hash Power Is in China, Report Finds – Coindesk

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“China is a large country and there are many poorly developed areas with low-price, abundant electricity, such as Xinjiang, Yunnan, Inner Mongolia and Sichuan. As we all know, electricity costs and mining machines are two important factors for mining costs, so mining companies and individual miners prefer setting up mines in China.”

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