Bitcoin mining activities have resumed to the level before China’s crackdown on cryptocurrency mining. Photo: Reuters
Bitcoin mining bounces back to level before China crackdown as US takes crown as top hub
- A ban on cryptocurrency mining in China announced in May sent the global hash rate plunging over summer
- As mining farms relocate to North America and Central Asia, bitcoin mining activities have resumed to pre-crackdown levels
Bitcoin mining activities have resumed to the level before China’s crackdown on cryptocurrency mining. Photo: Reuters