20% of Bitcoin Hashrate Is ‘Still in Mainland China,’ Report Claims

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20% of Bitcoin Hashrate Is ‘Still in Mainland China,’ Report Claims

 
As much as 20% of the world’s total bitcoin (BTC) mining hashrate may still be based in Mainland China despite September’s crackdown, a new report has indicated.
Although Beijing has been seeking to make an example of miners who continue to defy its blanket ban on mining, authorities in the country continue to unearth pockets of miners who have refused to shut off their rigs and are trying to evade detection….
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