Why China's bitcoin mining dominance is fading

Quick Take

  • For years, China-based bitcoin miners have held the vast majority of the bitcoin network’s mining capacity. Lately, that dominance has been fading.
  • A global chip shortage and a shift in the market for mining hardware are the two major contributing factors.
For years China-based bitcoin miners have held the vast majority of the bitcoin network’s mining capacity. Lately, that dominance has been fading.

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