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Data Behind The Bitcoin Mining Renaissance

Q3 2021 is within the books, and starting because it did with China’s Bitcoin mining ban as its backdrop, it marked maybe probably the most historic shift in Bitcoin’s mining market to date. Since the start of the ASIC period, it was the primary quarter on file when Chinese miners, usually representing anyplace from 50% to 60% of the market, had been not heavyweight contenders on the worldwide taking part in discipline.

In the fallout of China’s ban, we are witnessing an unprecedented restructuring of hash fee throughout the globe (with the United States being the biggest beneficiary to date), in addition to a surge in curiosity within the mining trade from newcomers and seasoned bitcoiners alike.

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