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bitcoin mining centralizantion raches record levels preview image

Bitcoin Mining Centralization Reaches Record Levels

13th Dec 2019

Chinese Bitcoin miners now control a record proportion of the network’s hashrate, according to new research. An estimated 65% of BTC mining now happens in China. CoinShares, a digital asset investment fund, noted this high since the firm started monitoring the network in late 2017.

In their fourth edition of our biannual report they investigated the geographic distribution, composition, efficiency, electricity consumption and electricity sources of the Bitcoin mining network. You can find the report here.

Read the full news on CryptoBriefing