Mining
MiningLegendary
China Bans Bitcoin Mining
China's mining ban drops hashrate 50% — ultimately decentralizing mining.
BTC Price
$40,000
Location
China
Importance
92/100
Hardware
China declared all cryptocurrency transactions illegal and banned mining. Hashrate dropped 50% as miners exodus began. Ironically, this ultimately decentralized mining globally as operations relocated to the US, Kazakhstan, and elsewhere.
Tags
#china#mining-ban#hashrate
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