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Chinese Bitcoin Mining Farms Migrate to Ethiopia
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——Notice on rectifying “mining” activities——
China's Bitcoin mining volume once accounted for two-thirds of the global total.
From September 2019 to April 2020, Chinese miners accounted for more than 71% of the total network computing power. Abundant and cheap electricity and hardware equipment have made China a popular destination for cryptocurrency companies.
Earlier, Bitcoin mining was mainly concentrated in Sichuan Province, Inner Mongolia Autonomous Region, Xinjiang Uygur Autonomous Region, Yunnan Province and other regions, and these provinces are rich in power resources and low prices.
——Notice on rectifying “mining” activities——
China's Bitcoin mining volume once accounted for two-thirds of the global total.
From September 2019 to April 2020, Chinese miners accounted for more than 71% of the total network computing power. Abundant and cheap electricity and hardware equipment have made China a popular destination for cryptocurrency companies.
Earlier, Bitcoin mining was mainly concentrated in Sichuan Province, Inner Mongolia Autonomous Region, Xinjiang Uygur Autonomous Region, Yunnan Province and other regions, and these provinces are rich in power resources and low prices.
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