China / 2 posts found
China Targets Xinjiang’s Development Park for Introducing Bitcoin Mining in 2018
In a new report, a central leading group for the inspection work of ecological and environmental protection said that ecological and environmental problems in some of the areas of Xinjiang Uygur Autonomous Region and Xinjiang Production and Construction Corps (XPCC) are still prominent, and are not well resolved. The inspecting team revealed that certain localities and departments do not have the necessary understanding of the need for ecological and environmental protection of the autonomous regions. Many entities have reportedly focused on development while neglecting the environmental downsides and blindly launching projects but “failing to manage and control them.” The report […]
China Regains the Title of the 2nd Top Bitcoin Mining Hub
You are here: Home / News / Bitcoin News / China Regains the Title of the 2nd Top Bitcoin Mining Hub May 18, 2022 by Vignesh Karunanidhi According to recent research, China failed to implement its cryptocurrency prohibition last year, and the country has since resurfaced as one of the world’s main Bitcoin (BTC) mining hubs. China became the second-largest Bitcoin hash rate supplier in January 2022, according to the Cambridge Bitcoin Electricity Consumption Index (CBECI), months after local officials banned all crypto operations in the country. According to data, Chinese bitcoin miners generated 21.1 percent of the entire global […]