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Tag Archives: bitcoin mining

Electricity Used For Mining in Sichuan to Increase 150% in 2021

Apr 15, 2021

The Chinese province of Sichuan has become a Bitcoin mining hotspot in the past few years. Data gathered from local reports and hash rate trackers have shown that the landlocked southwestern province has the highest concentration of Bitcoin mining firms in the entire world. And while neighbor...

Proposed Inner Mongolia Mining Ban Spurs Crypto Price, Stock Rise

Mar 3, 2021

Olusegun Ogundeji

Monday's 7% spike in the price of bitcoin has been attributed in parts to the latest release of a proposal by the Inner Mongolia region to shut down existing cryptocurrency mining projects by April 2021 and not approving any new ones.  Once effective, the move will take away the region’s...

China’s Inner Mongolia Region Might Ban Crypto Mining

Mar 3, 2021

For years, China has been a hotspot for cryptocurrency mining. Lage mining operations have been set up in the country’s northern and central parts, looking to utilize the regions’ cheap electricity and good infrastructure. Some reports estimate that more than half of all Bitcoin’s hash power...

Chinese Bitcoin Miners Fear Another Price Dump

Jan 14, 2021

Vincent He

From the second half of the year 2020, things start going like three years ago. After breaking through $10000, the price of bitcoin once skyrocketing to $40000. Long Qin, a bitcoin miner in China, has been persisting in hoarding bitcoins, and the three bitcoins he mined in five years ago hav...

Roundup of China’s Bitcoin Mining Industry in 2020

Dec 29, 2020

lylian Teng

China, home to more than half of the world’s bitcoin mining capacity, plays an important role in the bitcoin mining ecosystem. With bitcoin showing wild price swings, 2020 has been a rollercoaster for the industry where the world’s largest cryptocurrency is minted in the country. In the firs...

Top 10 Important Events in Bitcoin Miners’ Eye in 2020

Dec 24, 2020

lylian Teng

China controls the supply for dominant cryptocurrencies through mining operations. At the end of the year, we’ve tried to round up some of the most important events that have had big impacts on bitcoin miners. March 12’s bitcoin crash On March 12, bitcoin suddenly plunged to below $4,00...