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Sichuan, China Regulators Meeting up with Power Companies Regarding Crypto Mining
Sichuan, which is the largest hydropower mining area in China and accounts for 10% of China's hash rate, is not the only province gathering information on crypto mining. The post Sichuan, China Regulators Meeting up with Power Companies Regarding Crypto Mining first appeared on BitcoinExchangeGuide. дальше »
2021-5-27 20:43 | |
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How Another Chinese Power Outage May Have Led to Bitcoin’s Flash Crash This Week
Earlier in April, an accident at a Chinese coal mine in Xinjiang sent Bitcoin network’s hash rate plummeting 30% in a span of a day, which crippled the major cryptocurrency’s rally. Now, Bitcoin’s hash rate is suffering a similar loss as miners based in Sichuan, China face limitations on power usage. The State Grid in […] дальше »
2021-5-22 05:02 | |
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Bitcoin Hash Rate Takes Another Hit as Inner Mongolia Crypto Mining Shut Down Goes into Effect
This is positive for the crypto industry because Inner Mongolia is China’s second-largest coal producer, and such a move will push Bitcoin miners towards using renewable sources. The post Bitcoin Hash Rate Takes Another Hit as Inner Mongolia Crypto Mining Shut Down Goes into Effect first appeared on BitcoinExchangeGuide. дальше »
2021-5-20 18:09 | |
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Bitcoin Miners Moving Away from China, F2Pool Observes
For the first time in eight years, more hash rate was channeled from outside of China, the operator of one of the world’s oldest Bitcoin mining pool, F2Pool, notes as per a tweet on May 4. Bitcoin Hash Rate: The Shift in Distribution Bitcoin’s autonomy is because miners willingly channel computing power using expensive andRead More дальше »
2021-5-5 23:00 | |
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Decline In Bitcoin Hashrate Causes Miners To Earn $16.7 million In 24 Hours
On April 15, a widespread power outage in North China led to a sharp decline in the Bitcoin hash rate. Because major mining farms are located in China, there was a 20% corresponding decline in hash rate. дальше »
2021-4-22 01:01 | |
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Bitcoin Mining Hash Rate Drops As Blackouts Instituted In China
Local news outlets have tied a recent dip in the bitcoin mining hash rate to government-instituted blackouts in China. дальше »
2021-4-17 22:07 | |
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Bitcoin Hash Rate Takes a Hit After a Coal Mining Accident in Northwest China
The hashrate of Bitcoin mining pools has plunged in the past 24 hours. According to BTC. com, Poolin saw the biggest drop of 34. 55% among the top miners, followed by Chinese cryptocurrency exchange Huobi’s Huobi. дальше »
2021-4-17 18:03 | |
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China’s Central Bank Admits Surging Price Of Bitcoin Has Boosted Interest In Digital Yuan
China’s Central Bank seems to have noticed a spike in the interest rate of residents towards the country’s Digital Yuan. The project is expected to help China join in the digital race by replacing a significant number of its fiat with the digital Yuan. дальше »
2021-4-6 13:54 | |
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Global Chip Shortages Disrupt Bitcoin Mining Rig Production: China’s Dominant Position as Hash Rate Leader Under Threat
The ongoing global shortage of chips that are used in the production of bitcoin mining rigs is now causing manufacturing disruptions. According to one report, these disruptions are causing a shortage of rigs on the market and subsequent price increases. дальше »
2021-1-25 18:30 | |
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Bitcoin Mining: Network Congestion, Fees Uptick, China Ban, & Russian Hash Power in Play
In the world of Bitcoin mining, the hash rate of the network, the computing power used to validate BTC transactions has taken a drop following the positive difficulty adjustment of 8. 8%. The 7-day average hash rate of the network is currently at 131 EH/s, down from the all-time high of 146. дальше »
2020-12-2 20:54 | |
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Bitcoin Hash Rate Takes a Big Jump as Miners Migrate from Sichuan, China
Bitcoin price may have taken a breather after a 20% rally, but the same can’t be said about the hash power miners are using to produce BTC. Towards the end of Sept. , the network's hash rate hit a new all-time high in terms of raw value, as per Blockchain. дальше »
2020-11-11 20:43 | |
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Bitcoin Analyst Reveals What’s Holding Price Above $10K: Its China
Bitcoin has shown an extreme resilience against bears that want to crash its spot rate below $10,000. And an on-chain analyst explains why. Forex professional Cole Garner issued a string of tweets earlier Tuesday to illustrate a divergence between Bitcoin’s bearish price moves and its growing network activity last week. дальше »
2020-10-6 11:00 | |
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Report suggests Bitcoin hash rate stays intense despite heavy rains
The new report published by the Stack Funds shows that heavy rains and monsoon season in China has not forced miners to step back from mining Bitcoin. Lately, China has been experiencing power outage issues because of the rains. дальше »
2020-9-11 12:19 | |
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Here’s Why Bitcoin’s Hash Rate Has Dropped Around 10% In the Past Day
Although Bitcoin is a decentralized technology, the mining of the cryptocurrency is somewhat centralized in China. Per some reports, around two-thirds of all mining machines are based in the country, concentrated in the river regions where electricity is cheap. дальше »
2020-8-19 06:00 | |
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Kazakhstan Set to Impose Taxes on Crypto Mining
Bitcoin miners in Kazakhstan will soon be paying taxes to the state as the government looks to raise funds for COVID-19 recovery plans. Outside China, Kazakhstan controls the third-largest share of the global Bitcoin (BTC) mining hash rate. дальше »
2020-8-5 21:39 | |
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Report Cuts China’s Bitcoin Mining Capacity to 50% of World Total, Raises US’ to 14%
A new report by crypto research company Bitooda claims that China accounts for only 50% of global Bitcoin mining capacity, and the U.S. 14%. The data is in sharp contrast with earlier findings from the University of Cambridge Centre for Alternative Finance (CCAF), which put China’s share of the world hash rate at 65% and […] The post Report Cuts China’s Bitcoin Mining Capacity to 50% of World Total, Raises US’ to 14% appeared first on Bitcoin News. дальше »
2020-7-18 03:05 | |
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Bitcoin Mining Heats Up: High Difficulty Adjustment, Pool Consolidation, Less Concentration in China
It’s been approximately 37 days since the notorious Bitcoin reward halving that took place on Monday, May 11, 2020. On June 16, the Bitcoin network saw a large upwards difficulty adjustment making it much harder to mine bitcoins and slowing down the issuance rate because block generation has slowed down. дальше »
2020-6-18 03:05 | |
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Bitmain Co-founders Now Fighting Over the Bitcoin Mining Machines’ Shipment
After the halving last month, the bitcoin hash rate is recovering while China’s rainy season is helping with the cost. On one side, miners are ramping up their efforts with Hut 8 looking to raise $5. дальше »
2020-6-13 19:34 | |
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Mauritius Is Having a Crypto Moment, Set to Launch State-Owned Digital Currency
Digital currencies are being adopted at an increasing rate by several countries. While superpowers, save China, are slow to progress with the digitalization wave, some smaller nations are moving ahead with pilot projects. дальше »
2020-5-13 17:00 | |
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China’s One Region Accounts for 35.76% of Bitcoin Hash Rate
A Bitcoin Mining Map is launched by the Cambridge Centre for Alternative Finance (CCAF) that allows checking the average monthly bitcoin hash rate produced by different countries around the globe. Based on the geolocation data (IP addresses) provided by Poolin, BTC. дальше »
2020-5-8 23:51 | |
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65% of Global Bitcoin Hashrate Concentrated in China
A new bitcoin mining map by the University of Cambridge shows that China accounts for 65% of the world’s hash power. About half of the country’s hash rate is produced in just one place, the autonomous Xinjiang region, which makes up 35. дальше »
2020-5-7 13:38 | |
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COVID-19 - Long term impacts
The novel coronavirus has turned from an outbreak in China into a global pandemic in less than two months. At the current rate at which the virus is spreading, experts predict that COVID-19 could have severe impacts on the global economy and life as we know it. дальше »
2020-3-8 21:00 | |
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Central Bank of China Pumps 300 Billion Yuan Into Financial System, Cuts Loan Rates
The Chinese government has taken multiple steps so far to contain the economic fallout from the coronavirus epidemic, including interest rate cuts and financial injections worth billions of yuan. It did it again this week, extending the monetary easing provided by the central bank. дальше »
2020-2-18 08:10 | |
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Bitcoin Hash Rate Hits All-Time High Behind Price Rise, Private Pools in China
Bitcoin’s hash rate hit an all-time high of 117 EH/s in early 2020. But the reasons why are more nuanced than “the halving.” The post Bitcoin Hash Rate Hits All-Time High Behind Price Rise, Private Pools in China appeared first on Bitcoin Magazine. дальше »
2020-1-10 21:17 | |
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More than Half of Global Bitcoin Hash Rate Is Controlled by One Single Province in China
Coinspeaker More than Half of Global Bitcoin Hash Rate Is Controlled by One Single Province in ChinaA recent report has confirmed that not only does China control a large percentage of Bitcoin’s worldwide hash rate, but most of it also comes from just one province. дальше »
2019-12-13 15:16 | |
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China Continues to Dominate Global Bitcoin Mining, But for How Long?
New research shows that China’s dominance of the total Bitcoin hash rate continues to grow. The nation reportedly now accounts for around 66 percent of all the computing power supporting the Bitcoin network at present. дальше »
2019-12-12 01:00 | |
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Chinese Inflation Jumps to 4.5%, Highlighting Bitcoin’s Scarcity
China’s inflation rate has jumped to 4. 5 percent for the month of November — highlighting the value proposition of deflationary currencies, like Bitcoin. China is notoriously hostile to cryptocurrencies, despite its government’s commitment to blockchain. дальше »
2019-12-11 18:40 | |
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‘In Small Steps’ China Cuts Benchmark Interest Rates
Careful not to rush too much with stimulus, the Chinese government nevertheless realizes that its behemoth economy is invariably slowing down. New loan interest rate cuts have been announced recently to encourage bank lending and borrowing in the private sector. дальше »
2019-12-1 17:30 | |
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The People’s Bank of China Isn’t Fooling Anyone With Its Latest Interest Rate Cut
The People’s Bank of China (PBOC) kicked off a new easing cycle on Monday by lowering interest rates for the first time in four years – a move designed to safeguard against further trade-war turbulence. дальше »
2019-11-19 05:23 | |
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On the Global Slowing Down of the Economy
China’s growth has slowed in real term after inflation to 2.2%. America’s growth rate has gone down to 2%, with its inflation at 1.8%. Meaning in real terms, this is... The post On the Global Slowing Down of the Economy appeared first on Trustnodes. дальше »
2019-11-15 23:37 | |
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A Polemic on the Global Slowdown
China’s growth has slowed in real term after inflation to 2.2%. America’s growth rate has gone down to 2%, with its inflation at 1.8%. Meaning in real terms, this is... The post A Polemic on the Global Slowdown appeared first on Trustnodes. дальше »
2019-11-15 23:37 | |
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China Looking to Spend $2 Billion on Blockchain by 2023
China, the country that has recently jumped hard onto the blockchain train, will spend over $2 billion on blockchain technology come 2023. According to a report from the International Data Corporation (IDC), a global market intelligence firm, the country will see an estimated increase of 65. дальше »
2019-11-11 08:34 | |
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Dow Futures Jump Thanks to China Data But There’s Danger Ahead
Futures on the Dow Jones Industrial Average (DJIA) are up Friday thanks to strong Chinese PMI data. China’s economy is not on track just yet as there are contradictory data points coming out of the country. дальше »
2019-11-4 13:42 | |
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Analyst Warns Against a Bullish Bitcoin Bias After China Surge
The Bitcoin price underwent a rapid increase on October 25. Measuring the rate of increase and time it took to transpire, it was the largest such increase since 2011 — when the volume in the markets was minimal. дальше »
2019-10-30 22:12 | |
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Crypto Markets Cool After China Rally, Though Hardly a ‘Massive Dump’
A correction after such a monumental crypto rally is to be expected though some industry observers will always see the negative side of things. Bitcoin has largely held on to gains though it appears to be weakening, while the altcoins are falling back at a faster rate. дальше »
2019-10-29 06:00 | |
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Bitcoin mining farm in China allegedly burns down as coin records minor fall in hash rate
Adding to China’s list of crypto-disasters this year, a local mining farm has allegedly caught fire for reasons that are yet to revealed. The disaster that befell the Innosilicon-powered data center’s was first reported on Twitter by @OGBTC, who tweeted, “The big datacenter from Innosilicon just went nuclear $BTC“ The above image was posted as […] The post Bitcoin mining farm in China allegedly burns down as coin records minor fall in hash rate appeared first on AMBCrypto. дальше »
2019-10-1 08:41 | |
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Why One Key Troubled Sector Could Ruin Strong U.S. Stock Market Rally
As markets approach the year’s end, the sentiment around the U. S. stock market is improving with important fundamental sectors like housing and manufacturing outperforming the expectations of analysts amidst a pending Federal Reserve rate cut. дальше »
2019-9-18 15:59 | |
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With Record Lowest Interest Rates Coming, Market Bullish on Gold & Stocks, Cryptocurrencies will “Gain in Favor” too
The Federal Reserve is cutting interest rates to stimulate activity as the trade war between the US and China casts a pall over the economy. However, there isn't much room with the current rate set in the range of 2% to 2. дальше »
2019-9-8 19:40 | |
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Crypto Tidbits: Bakkt Bitcoin Custody, China’s Cryptocurrency On the Horizon, XRP In Hot Water
Another week, another of Crypto Tidbits. Bitcoin saw yet another tumultuous week in terms of price action. It fell by over 8% in one day, as bears managed to take control of the market. But, despite this downward price movement, this industry continued to trudge forward. дальше »
2019-9-1 23:00 | |
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Bitcoin Steady as US-China Trade Dispute Hints Resolve
Bitcoin was steady on Tuesday as traders absorbed days of mixed signals over the state of trade relations between the US and China. The benchmark cryptocurrency shed about $280, or 2. 37 per cent, off its rate as of 11:30 UTC. дальше »
2019-8-27 16:00 | |
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Trump Ups the Ante on China While Bitcoin & Gold Shine Bright
By CCN Markets: China had to see this one coming. After China President Xi Jinping revealed his intentions to slap fresh tariffs on $75 billion in U. S. goods, President Trump raised the stakes, revealing in a tweetstorm that two could play that game. дальше »
2019-8-24 01:30 | |
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