The recent havoc caused by China's crackdown on Bitcoin mining activities has led to an exodus of miners; they're shifting their operational base to other geographical locations. The US with greener s

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TL;DR Breakdown • The cryptocurrency platform HUOBI applies the regulations since August 2020.• Chinese traders use other crypto exchange platforms without regulations. The Seychelles exchange system in East Africa, HUOBI, now allows cryptocurrencies to be withdrawn within 24 hours. This decision deals a severe blow to the crypto traders of the country. For many crypto […]

Bitcoin mining difficulty dropped by 28% after the Chinese government shuttered mining farms. Miners told Decrypt that the network won’t fully recover anytime soon.

Blockchain technology company Blockstream has been in talks with the El Salvador government regarding a new digital bond, denominated to the U.S....

Cynthia M. Lummis, U.S. Senator from Wyoming, has encouraged bitcoin (BTC) miners to come to her state.Sponsored Sponsored Following on from an appearance...

Bitcoin is greener than all of Europe, which itself is the greenest of any country with US using just 30% sustainable energy in its mix. China is the world’s biggest...

Bitcoin mining difficulty has seen its biggest downward adjustment in history as it drops 28%Sponsored Sponsored According to On-chain market analysis company Glassnode,...

Amid the ongoing crackdown in China, a lot of Bitcoin miners are shifting base to the U.S. The Republican U.S. Senator of Wyoming – Cynthia Lummis – has recently invited Bitcoin miners. The Republican Senator tweeted: “If you are in the Bitcoin mining space, please reach out. We WANT you in Wyoming”. Cynthia Lummis has […]

Bitcoin network underwent its highest mining difficulty adjustment to date with a 28% decline. The mining difficulty adjustment comes at a time when the network hashrate has fallen by over 50% owing to an exodus of Chinese miners from their country in light of government crackdown. China was the epic center for Bitcoin mining, accounting

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The ratio of Bitcoin price to hash rate presents bulls with a long wait, as hash rate is still migrating.

The Bitcoin network has adjusted its mining difficulty to accommodate the recent major drop in hash rate, and keep blocks producing on time.

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Amid the intensified crackdown against bitcoin and other cryptocurrency mining in China, crypto mining businesses in other parts of the globe continue to expand and grow. In line with this, Hut 8 Mining Corporation announced it has spent $44 million for its purchase of 11,090 WhatsMiner MicroBT M30S, M30S+ and M31S bitcoin mining rigs from […]

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