Miners in China control 66 per cent of global “hashrate”, a measure of the computer power hooked up to the bitcoin network that dictates ability to produce new coins, according to a report by digital asset manager CoinShares. Photo: Reuters Miners in China control 66 per cent of global “hashrate”, a measure of the computer power hooked up to the bitcoin network that dictates ability to produce new coins, according to a report by digital asset manager CoinShares. Photo: Reuters
Miners in China control 66 per cent of global “hashrate”, a measure of the computer power hooked up to the bitcoin network that dictates ability to produce new coins, according to a report by digital asset manager CoinShares. Photo: Reuters

China’s bitcoin miners scoop up greater production power, says research by digital asset manager CoinShares

  • Chinese companies such as Bitmain and MicroBT are among the world’s biggest manufacturers of bitcoin mining gear
  • The most significant cryptocurrency mining hubs are in China’s Yunnan, Xinjiang, Inner Mongolia and Sichuan provinces, says CoinShares

Topic |   Bitcoin
Miners in China control 66 per cent of global “hashrate”, a measure of the computer power hooked up to the bitcoin network that dictates ability to produce new coins, according to a report by digital asset manager CoinShares. Photo: Reuters Miners in China control 66 per cent of global “hashrate”, a measure of the computer power hooked up to the bitcoin network that dictates ability to produce new coins, according to a report by digital asset manager CoinShares. Photo: Reuters
Miners in China control 66 per cent of global “hashrate”, a measure of the computer power hooked up to the bitcoin network that dictates ability to produce new coins, according to a report by digital asset manager CoinShares. Photo: Reuters
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