Here’s the new geography of the bitcoin mining industry

A new era is dawning for the global bitcoin mining industry. After China dropped the hammer on local mining operations in June, roughly 90,000 petahashes per second (PH/s) of hash rate, or mining power— about 50% of the network — went offline. Mining firms with operations in China are now scrambling to sell their machines […]

Source: https://www.theblockcrypto.com/daily/112737/bitcoin-mining-industry-geography-china?utm_source=rss&utm_medium=rss