Illegales Bitcoin Mining in China: Stromdiebe verursachen ...

Ethereum Classic

Ethereum Classic is an open, decentralized, and permissionless public blockchain, that aims to fulfill the original promise of Ethereum, as a platform where smart contracts are free from third-party interference. ETC prioritizes trust-minimization, network security, and integrity. All network upgrades are non-contentious with the aim to fix critical issues or to add value with newly proposed features; never to create new tokens, or to bail out flawed smart contracts and their interest groups.
[link]

Illegal Bitcoin Mining? China Seizes Thousands of ASICs

Illegal Bitcoin Mining? China Seizes Thousands of ASICs submitted by Ranzware to BitNewsLive [link] [comments]

bitcoin mining china

bitcoin mining china submitted by hartukov to u/hartukov [link] [comments]

4 mining pools that are all based in China control over 50% of bitcoins hashrate.

4 mining pools that are all based in China control over 50% of bitcoins hashrate. submitted by olihowells to CryptoCurrency [link] [comments]

Beyond China And North America: The Decentralization Of Bitcoin Mining

Beyond China And North America: The Decentralization Of Bitcoin Mining submitted by simplelifestyle to Bitcoin [link] [comments]

Beyond China And North America: The Decentralization Of Bitcoin Mining (x-post from /r/Bitcoin)

Beyond China And North America: The Decentralization Of Bitcoin Mining (x-post from /Bitcoin) submitted by ASICmachine to CryptoCurrencyClassic [link] [comments]

China is responsible for 50% of Bitcoin’s mining, followed by the U.S. with 14% and Russia with 8%

China is responsible for 50% of Bitcoin’s mining, followed by the U.S. with 14% and Russia with 8% submitted by MK333666 to Bitcoin [link] [comments]

The Sun Never Sets On Bitcoin Mining: Decentralization Continues As China Flounders

submitted by Arttoast to markethive [link] [comments]

70% of bitcoin mining is done in China, and they call Ethereum centralized

70% of bitcoin mining is done in China, and they call Ethereum centralized submitted by litpath to ethtrader [link] [comments]

US bitcoin mining farm buys 17,600 miners from China-owned Bitmain as talks of a global hash war surface.

submitted by WaggishNickel to Bitcoin [link] [comments]

The Sun Never Sets On Bitcoin Mining: Decentralization Continues As China Flounders

The Sun Never Sets On Bitcoin Mining: Decentralization Continues As China Flounders submitted by a36 to AllThingsCrypto [link] [comments]

Bitcoin Mining Pools Record Hash Rate Drop Amid Rainstorms in China

Bitcoin Mining Pools Record Hash Rate Drop Amid Rainstorms in China submitted by nanooverbtc to CryptoCurrency [link] [comments]

Bitcoin Mining Hashrate and Power Analysis - only 50% of mining hashpower is in China currently

Bitcoin Mining Hashrate and Power Analysis - only 50% of mining hashpower is in China currently submitted by SandwichOfEarl to Bitcoin [link] [comments]

Recognizing Revolutionary Potential, China Encourages Bitcoin Mining In Sichuan

Recognizing Revolutionary Potential, China Encourages Bitcoin Mining In Sichuan submitted by DISANews to StonkFeed [link] [comments]

China is responsible for 50% of Bitcoin's mining, followed by the U.S. with 14% and Russia with 8%

China is responsible for 50% of Bitcoin's mining, followed by the U.S. with 14% and Russia with 8% submitted by DonnieBrast to btc [link] [comments]

Bitcoin mining farms in China's Inner Mongolia region are set to face higher electricity prices after a government crackdown

Bitcoin mining farms in China's Inner Mongolia region are set to face higher electricity prices after a government crackdown submitted by Qwahzi to CryptoCurrency [link] [comments]

Top Bitcoin Mining Pools See 15% Hashrate Drop Amid Continuous Rainstorms in China

Major Chinese bitcoin mining pools are each seeing daily hashrate drops of between 10% and 20% following continuous rainstorms in Sichuan.
China’s southwestern Sichuan province, a mountainous region that is estimated to have over 50% of Bitcoin network’s total computing power, has been hit by heavy rainstorms since last week, which peaked over the last two days.
The heavy rainstorms have caused electricity outages in parts of the region as hydro-plants stop generating power to help discharge the floods. Some counties are also experiencing telecommunication and internet breakdowns, said Kevin Pan, CEO and co-founder of PoolIn.
As result, impacted bitcoin mining farms in the region are forced to unplug from the network for the time being. It’s not clear when the situation will prove as the rainstorms are still ongoing.
Data from BTC.com shows the world’s top four bitcoin mining pools – that is PoolIn, F2Pool, BTC.com and Antpool, all based in China – have each seen their hashrates drop between 10% and 20% over the last 24 hours. The computing power connected to these four pools accounts for around 50% of the Bitcoin network’s total.
submitted by ami_nil1987 to DigitalCryptoWorld [link] [comments]

Bitcoin mining (most likely) faces no threat from China, here’s why

Bitcoin mining (most likely) faces no threat from China, here’s why submitted by pale_blue_dots to CryptoCurrency [link] [comments]

Bitcoin mining farms in China's Inner Mongolia region are set to face higher electricity prices after a government crackdown (x-post from /r/cryptocurrency)

Bitcoin mining farms in China's Inner Mongolia region are set to face higher electricity prices after a government crackdown (x-post from /cryptocurrency) submitted by ASICmachine to CryptoCurrencyClassic [link] [comments]

China Floods 2020 affecting Bitcoin Mining

The current ongoing monsoon season has created havoc within the province of Sichuan as the continuous outpour has led to a decline in the bitcoin hash rate. In the last couple of days, this decline led to its peak, on an average of 15 percent drop in daily hash rates.
submitted by Selina_Mary to BitcoinMining [link] [comments]

China Controls 50% of Bitcoin Mining While US Hits 14%

submitted by raaner12 to BitcoinMining [link] [comments]

Top Bitcoin Mining Pools See 15% Hashrate Drop Amid Continuous Rainstorms in China

Major Chinese bitcoin mining pools are each seeing daily hashrate drops of between 10% and 20% following continuous rainstorms in Sichuan.
China’s southwestern Sichuan province, a mountainous region that is estimated to have over 50% of Bitcoin network’s total computing power, has been hit by heavy rainstorms since last week, which peaked over the last two days.
The heavy rainstorms have caused electricity outages in parts of the region as hydro-plants stop generating power to help discharge the floods. Some counties are also experiencing telecommunication and internet breakdowns, said Kevin Pan, CEO and co-founder of PoolIn.
As result, impacted bitcoin mining farms in the region are forced to unplug from the network for the time being. It’s not clear when the situation will prove as the rainstorms are still ongoing.
Data from BTC.com shows the world’s top four bitcoin mining pools – that is PoolIn, F2Pool, BTC.com and Antpool, all based in China – have each seen their hashrates drop between 10% and 20% over the last 24 hours. The computing power connected to these four pools accounts for around 50% of the Bitcoin network’s total.
submitted by ami_nil1987 to airdropfactory [link] [comments]

China controls 50% of bitcoin mining, the US — 14%, and Russia-8%

China controls 50% of bitcoin mining, the US — 14%, and Russia-8%
Investment company Fidelity and research firm BitOoda published a report on July 16, according to which China accounts for not 65% of bitcoin mining, as previously thought, but only 50%.
Analysts based their research on various sources, including surveys of miners who agreed, on condition of anonymity, to share information about various aspects of mining, including the cost of electricity. The report says:
We were able to find 153 mining facilities that consume ~4.1 GW and 67 facilities that consume ~3 KW, and we have data on electricity prices provided on the condition of anonymity.
BitOoda also found that 14% of bitcoins are mined in the United States. As for the data on Chinese miners, it is difficult to verify them, so 50% of the world's bitcoin production is not the final figure. "Conversations [with miners] suggest that most of the capacity is located in the US, Canada and Iceland, and only a small part is located in China and other countries," the researchers said.

Geographical distribution of bitcoin mining
The survey also showed how flooding in China (the so-called "hydro season") affects the income of miners. Six months a year, miners from Sichuan and similar provinces spend less bitcoins to pay for their expenses.
We oppose the generally accepted view that low electricity prices encourage hashrate growth during the flood season," the researchers write. — We believe that flooding or the hydro season shifts the cost curve by 6 months a year, which leads to a decrease in bitcoin sales to Finance operating expenses, as a result, miners accumulate capital to Finance capacity growth.
According to the attached chart, the price of bitcoin fluctuates inside and outside the hydroseason, while the growth of the bitcoin hashrate remains stable. Manners had to put up with the elements in Sichuan and other provinces, and in recent years there have been numerous reports of massive outages of mining equipment due to flooding.

Compare prices and Hasrat bitcoin depending on floods and \"hydrostone»
Researcher Martin bent (Marty Bent) was pleasantly surprised by the results of the survey:
It is striking to see that the US already accounts for 14% of the hashrate — I expect this figure to grow significantly.... he wrote after the publication of the study.
P.S - You may also be interested in
submitted by btcxlab to CryptoMarkets [link] [comments]

NEXT BIG WAVE: Why Bitcoin is HOT in China - YouTube BITCOIN ROARING 2020?! China, Mining, Open Source - Programmer explains A 360 tour of a giant Chinese bitcoin mine - YouTube Life Inside a Secret Chinese Bitcoin Mine (Trailer) Bitcoin Mining in China - No Ban, No Crackdown

Bitcoin-Mining in China: Regierungskommission schlägt Verbot vor Noch findet ein erheblicher Teil des Kryptogeldminings in China statt. Doch eine Regierungskommission hat nun ein Verbot angeregt. In life, they say that you can only rely on death and taxes. While this may be true, I’d like to propose a third: that China will always be the Bitcoin mining capital of the world. In fact, it controls up to 80% of the world’s total hash rate, is responsible for manufacturing the vast majority of mining equipment and is home to some of the world’s largest mining farms. Ebenso verzeichnet China die meisten privaten Bitcoin-Investoren. Daran änderte bis jetzt auch die restriktive Haltung der chinesischen Regierung nichts: Bereits 2017 hatte China ICOs verboten sowie alle inländischen Bitcoin-Börsen geschlossen. Als Folge der kryptofeindlichen Politik verlegte zum Beispiel Binance, die derzeit größte Handelsbörse für Bitcoin und Altcoins, seinen ... #Bitcoin enables Chinese entrepreneurs to export coal by burning it and using the energy to mine. — Emin Gün Sirer (@el33th4xor) July 20, 2015-Chapter 3 Leading Bitcoin Mining Pools . Mining pools, as the name implies, are collaborations between individual miners and, frequently, major mining companies. Their hashrate is combined so that the pool has a better chance of finding a block. The ... In China ist eine Bitcoin-Mining-Farm aufgeflogen, die illegal Strom angezapft hatte. China gilt als wichtige Anlaufstelle für Bitcoin Miner. Obwohl das Land bisher keine eindeutigen Richtlinien für das „Schürfen“ neuer BTC herausgegeben hat, zieht das Land Miner an, insbesondere wegen der geringen Stromkosten. Auch Mining-Gigant Bitmain, einer der führenden Hersteller für BTC-Mining ...

[index] [1501] [37938] [26835] [1240] [14332] [4465] [40987] [39599] [46563] [8669]

NEXT BIG WAVE: Why Bitcoin is HOT in China - YouTube

China is home to most of the world's bitcoin mines. This one, in Inner Mongolia is one of the world's largest. It has 25,000 servers and spends nearly $40,00... One of the world's biggest bitcoin mines is in Inner Mongolia, China. Quartz Tech Reporter Joon Ian Wong describes his rare trip inside. The mine is operated... BITCOIN ROARING 2020?! 🧨 China, Mining, Open Source - Programmer explains Ivan on Tech. Loading... Unsubscribe from Ivan on Tech? Cancel Unsubscribe. Working... China has a population of 1.3 Billion people - all of which will potentially need to use Bitcoin as national policy shifts to limit the use of the RMB. I too... "Bitcoin Mining is Banned in China" - this was the headline that ran on Western media. This is far from the truth! Mining is well and alive in china, and various ASICS (Bitmain Antminer s9, L3 ...

#