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“Bitcoin Mining Disinformation” by David – 1.25.22


Entry Submitted by David at 6:02 AM EST on January 25, 2022 Hello I would just like to correct the Bitcoin mining disinformation that is going around currently.  The notion that 70% of bitcoin mining was in China is completely false.  In June 2021 BTC mining was banned in China and all of the mining rigs were shut down.  This caused a crash in the hash rate (hash rate is determined by the number of active mining machines online and working) but there was a quick redistribution of mining among other countries and the total mining power recovered within a few months.Currently the US…

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