China may have been gone for a while but is back in the Bitcoin mining fold, as the Cambridge Centre for Alternative Finance (CCAF) has shown with its new mining map data. Covering September 2021 to January 2022, the CCAF states that the US grew to be responsible for producing 37....
After about a year since China exited the Bitcoin mining scene, talk of its ban of related activities has resurfaced and become quite topical as the call for similar actions to be taken in different parts of the world rages on. From Europe, where the deputy chief of the European Securit...
The Chinese government has officially included cryptocurrency mining in its list of industries that should be eliminated. China’s state planner, the National Development and Reform Commission (NDRC), in its communication No. 49 dated December 30, 2021 but made public this week, notes t...
Contrary to earlier reports that cryptocurrency mining has been eliminated from China, recent data shows that up to 20% of the global Bitcoin hashrate is still resident in the country. Even though this is a significantly lower value than the number before the implementation of the 2021 cryptocur...
Escalated efforts in 2021 towards the clampdown on cryptocurrencies are returning impressive results for the Chinese government. Some key milestones have been achieved with results that are evident based on results from the country. One of the latest achievements towards the elimination of cr...
Following its reported revenue increase in Q3, Canaan says it has completed the successful delivery of over 2,000 Avalon miner units in Kazakhstan to kickstart its joint mining operations with its top three customers authorized by the Central Asia country’s Ministry of Energy. The supe...
Bitmain has unveiled its newest machine, the Antminer S19XP. The manufacturer of the most popular brand for application-specific integrated circuit (ASIC) Bitcoin miners introduced the machine at its just-concluded World Digital Mining Summit 2021 which ended on Nov 10 in Dubai. ...
The Bitcoin mining industry has seen notable changes following China’s ban Including a 48% increase in Bitcoin’s hashrate over post-China ban lows, the Bitcoin Mining Council’s (BMC) Q3 report has shown. The finding forms a part of the survey results from 29 companies which is su...
New data from the latest update to the Cambridge Bitcoin Electricity Consumption Index (CBECI) at the Cambridge Centre for Alternative Finance (CCAF) has confirmed that the leading share of global Bitcoin network hashrate now sits in the US. The geographic shift happened b...
China is set to establish a normal working mechanism to maintain a high-pressure situation in its continued effort to combat cryptocurrency-related transactions, local media has reported. The People’s Bank of China (PBoC) Deputy Director of the Financial Consumer Rights Protection ...
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