China owns now the majority of the Bitcoin mining power

Posted by thecourier on Monday October 10, 2016 @07:34PM
from the techcrunch.com dept.

( 2 comments | 4 points | on HN )

Re:China owns now the majority of the Bitcoin mining power by davidgerard on Thursday October 13, 2016 @06:30AM (#12699710)

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.

[ Parent | on HN ]

Re:China owns now the majority of the Bitcoin mining power by RachelF on Monday October 10, 2016 @07:38PM (#12680676)

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

[ Parent | on HN ]