Bitcoin hashrate migrates to the US with the share having doubled since April 2021 and reaching the #1 position globally. US share of bitcoin hashrate reached 34.5% in September, according to University of Cambridge because of China’s crypto mining ban. This geographic migration is important because US-based miners use far more renewable power than Chinese […]
bitcoin hash rate
Bitcoin absorbs China’s “crypto crackdown” body-blow
Dispatch #21 -2021 July 2nd, 2021 This week, the Dispatch will focus on China’s “crypto ban” body-blow that Bitcoin absorbed, and how it kept on chugging. China’s “crypto crackdown,” which included stopping bitcoin mining ahead of the Communist Party’s 100th anniversary celebrations, was a significant stress test of the Bitcoin network. Despite a more than […]