Bitcoin mining has totally recovered from the Chinese ban

Bitcoin mining has totally recovered from the Chinese ban

MacKenzie Sigalos CNBC. 11th of December 2021

Global Bitcoin mining has seen a sharp recovery from the dip it took due to Chinese officials banning mining Activities in may. China accounted for over 50% of global hash rates, meaning it had 50% of the worldwide computing power per second needed to mine bitcoin. The hash rate has recovered to 113% of what it was before the Ban in May. The role of companies like Foundry can not be overstated, which helped move Bitcoin mining infrastructure out of China mainly to the US. Click here to read more and see how Bitcoin survived the