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Re:Blockchains Considered Harmful: Is Brute-Force Processing... by TheSpiceIsLife on Wednesday November 01, 2017 @09:37PM (#15607151)
Well, I hadn't really looked in to it before, but a bit of a search proves your both right.

Forbes says "The largest share of the miners are located in China, close to the border with Tibet where cheap hydropower is relatively abundant."[1]

1.https://www.forbes.com/sites/peterdetwiler/2016/07/21/mining...

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