Bitcoin Hashrate Drops to 6 1/2-Month Low After China Mining Crackdown
The Bitcoin network's processing power could rebound if miners relocate to other locales, one analyst predicts.
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The Bitcoin network's processing power could rebound if miners relocate to other locales, one analyst predicts.
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Canaan's overseas business is growing, a testament to the undercurrent of miners leaving China for other jurisdictions.
Big Chinese miners are likely to survive the crackdown.
China's government is taking more drastic measures against bitcoin mining. The Ballet CEO thinks this will strengthen the network over…
If miners can improve sustainability, they can attract more institutional clients and boost prices, the investor said at Consensus 2021…