2021-07-16 15:30:00

What the Crypto Mining Migration Means for Bitcoin and Ethereum Miners

The Chinese government ban on crypto mining has made a huge impact on the price of cryptocurrencies and the blockchain network. The bitcoin protocol was forced to adjust the algorithms that regulate the rate at which bitcoin is mined.

The global hash rate or the total computing power being put towards crypto mining worldwide has fallen dramatically since the mining operations have been forced to shut down in China. It is estimated that 65% of the world’s miners were based in China.

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