🚨 China Back in $BTC Mining Game
Despite the 2021 ban, China now accounts for ~14% of global BTC mining, driven by cheap electricity, excess data center capacity, and rising domestic rig sales. Underground mining is growing, especially in Xinjiang & Sichuan.
BTC hashprice hits all-time low $34.2/PH/s, pressuring miner revenue.
BTC
88,785.44
+0.73%