Mining Boom in A Small Town. Wenatchee is home to a dozen of the largest bitcoin miners, becoming something of an epicentre. It appears a steady stream of investors are discovering the town as an optimum place to mine. Steve Wright, the head of the local power utility, says that another 75 have inquired about coming to the town: China has long been the epicentre for Bitcoin mining, in large part due to the country’s inexpensive electricity prices. Now the Chinese government is considering restricting Bitcoin miners’ access to inexpensive sources of power, which would significantly change the economics of Bitcoin mining. There has also been a change in the dominance factor of Bitcoin as many looked to diversify ... Epicentre Of Bitcoin Mining. Though China is an epicentre of the COVID 19, according to Cambridge University’s Center for Alternative Finance, the country is also an epicentre of mining Bitcoin. The university study states that the out of total global Bitcoin hashrate, 65.08 percent is concentrated in that country. At the epicentre of it, lies the controversy around the flexible supply design and release of Ethereum 2.0. As recently reported on CoinGape, the debate around the flexible supply of Ether [ETH] without a definite inflation rate is making investors and critics wary. Nevertheless, Vitalik and Ethereum Foundation continue to protect their stand on having an upper cap to the generation limit. But Bitfury, one of the largest Bitcoin mining company is established in Georgia only. The company develops and sells the mining equipment to the users. As per the report, Bitfury mines 15 percent of all Bitcoin. China: China is considered to be the global epicentre of mining. The country is responsible for offering a total of 65 percent of the ... China has always been considered the epicentre of Bitcoin (BTC) mining activities. Indeed, reports suggest that China centralizes over 60% of the total Bitcoin mining hash rate. This is certainly something that could harm the entire Bitcoin network. Nonetheless, the cryptocurrency analyst PlanB considers that there are other countries increasing their hash rate, which could eventually end up ... If you read crypto media, you may be under the impression that bitcoin plays a major role in helping cash-strapped Zimbabweans. The “bitcoin is saving Zimbabwe” story may sell but the reality of cryptocurrency adoption in the Southern African nation is quite different. In this article, you will discover the real story of bitcoin in Zimbabwe […]
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