Here's the new geography of the bitcoin mining industry

A new era is dawning for the global bitcoin mining industry. After China dropped the hammer on local mining operations in June, roughly 90,000 petahashes per second (PH/s) of hash rate, or mining power— about 50% of the network — went offline. Mining firms with operations in China are now scrambling to sell their machines […]
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Jul 29, 2021, 7:58PM UTC