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China owns now the majority of the Bitcoin mining power

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China owns now the majority of the Bitcoin mining power

#1

Post by thecourier » Mon, Oct 10, 2016, 11:34 PM UTC

China owns now the majority of the Bitcoin mining power
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Re: China owns now the majority of the Bitcoin mining power

#2

Post by RachelF » Mon, Oct 10, 2016, 11:38 PM UTC

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

Re: China owns now the majority of the Bitcoin mining power

#3

Post by davidgerard » Thu, Oct 13, 2016, 10:30 AM UTC

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.

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