China returns as 2nd top Bitcoin mining hub despite the crypto ban By Cointelegraph

China returns as 2nd top Bitcoin mining hub despite the crypto ban

Cryptocurrency May 18, 2022 05:00AM ET

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China returns as 2nd top Bitcoin mining hub despite the crypto ban

The Chinese government has not managed to take down cryptocurrency operations as part of its crypto ban last year as China has re-emerged as one of the world’s largest Bitcoin (BTC) mining hubs, according to a new report.

China became the second-largest Bitcoin hash rate provider as of January 2022, months after the local government banned all crypto operations in the country, according to the latest update from the Cambridge Bitcoin Electricity Consumption Index (CBECI) shared with Cointelegraph on Tuesday.

Evolution of country hash rate share. Source: CBECI

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Cynthia Adams May 18, 2022 5:50AM ET

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China returns as 2nd top Bitcoin mining hub despite the crypto ban

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