China owns now the majority of the Bitcoin mining power

4 points by thecourier 9 years ago | 2 comments

This has been the case for quite a while. Most of the mining power and most of the actual trade happens in China; non-Chinese use is a sideshow.

RachelF 9 years ago |

Cheap power = profitable mining. Parts of China have very cheap power in comparison to the West.

davidgerard 9 years ago |

This has been the case for quite a while. Most of the mining power and most of the actual trade happens in China; non-Chinese use is a sideshow.

RachelF 9 years ago |

Cheap power = profitable mining. Parts of China have very cheap power in comparison to the West.