Ultimate magazine theme for WordPress.

Publisher - cryptocurrency, mining bitcoin, technology, artificial intelligence

Bitcoin (BTC) $ 95,794.00
Ethereum (ETH) $ 3,629.14
XRP (XRP) $ 2.72
Tether (USDT) $ 1.00
Solana (SOL) $ 223.97
BNB (BNB) $ 639.79
Dogecoin (DOGE) $ 0.421798
Cardano (ADA) $ 1.20
USDC (USDC) $ 1.00
Lido Staked Ether (STETH) $ 3,625.47
Avalanche (AVAX) $ 48.32
TRON (TRX) $ 0.211912
Shiba Inu (SHIB) $ 0.000029
Toncoin (TON) $ 6.50
Stellar (XLM) $ 0.544621
Wrapped stETH (WSTETH) $ 4,296.69
Chainlink (LINK) $ 23.02
Polkadot (DOT) $ 9.06
Wrapped Bitcoin (WBTC) $ 95,471.00
Hedera (HBAR) $ 0.299236
WETH (WETH) $ 3,628.42
Bitcoin Cash (BCH) $ 516.48
Sui (SUI) $ 3.25
Litecoin (LTC) $ 125.84
Pepe (PEPE) $ 0.000020
Uniswap (UNI) $ 13.92
NEAR Protocol (NEAR) $ 6.75
LEO Token (LEO) $ 8.80
Wrapped eETH (WEETH) $ 3,814.79
Aptos (APT) $ 12.76
Internet Computer (ICP) $ 13.12
USDS (USDS) $ 0.997235
POL (ex-MATIC) (POL) $ 0.621643
Cronos (CRO) $ 0.181332
Ethereum Classic (ETC) $ 32.74
Artificial Superintelligence Alliance (FET) $ 1.76
Ethena USDe (USDE) $ 1.00
Algorand (ALGO) $ 0.530348
Filecoin (FIL) $ 7.22
Bittensor (TAO) $ 584.42
Render (RENDER) $ 8.32
VeChain (VET) $ 0.052232
Arbitrum (ARB) $ 0.966706
Kaspa (KAS) $ 0.156105
Cosmos Hub (ATOM) $ 9.06
Aave (AAVE) $ 232.49
Dai (DAI) $ 1.00
Stacks (STX) $ 2.25
WhiteBIT Coin (WBT) $ 23.38
Immutable (IMX) $ 1.94
MANTRA (OM) $ 3.59
Celestia (TIA) $ 7.36
OKB (OKB) $ 53.80
Bonk (BONK) $ 0.000042
Monero (XMR) $ 166.37
Optimism (OP) $ 2.43
dogwifhat (WIF) $ 3.05
Mantle (MNT) $ 0.888183
Injective (INJ) $ 30.07
Fantom (FTM) $ 1.03
Theta Network (THETA) $ 2.89
Hyperliquid (HYPE) $ 8.39
The Graph (GRT) $ 0.281778
Sei (SEI) $ 0.613816
Ethena (ENA) $ 0.814517
Worldcoin (WLD) $ 3.15
Bitget Token (BGB) $ 1.57
Binance-Peg WETH (WETH) $ 3,619.33
FLOKI (FLOKI) $ 0.000224
Kaia (KAIA) $ 0.357421
THORChain (RUNE) $ 5.99
Brett (BRETT) $ 0.197723
First Digital USD (FDUSD) $ 0.998904
Rocket Pool ETH (RETH) $ 4,048.91
Coinbase Wrapped BTC (CBBTC) $ 95,759.00
Flare (FLR) $ 0.033908
GALA (GALA) $ 0.043019
Ondo (ONDO) $ 1.24
Pyth Network (PYTH) $ 0.479706
Mantle Staked Ether (METH) $ 3,817.71
EOS (EOS) $ 1.11
Tezos (XTZ) $ 1.63
Maker (MKR) $ 1,868.99
Arweave (AR) $ 24.56
Lido DAO (LDO) $ 1.77
Flow (FLOW) $ 1.01
The Sandbox (SAND) $ 0.643506
Jupiter (JUP) $ 1.15
Starknet (STRK) $ 0.681669
Renzo Restaked ETH (EZETH) $ 3,727.04
Helium (HNT) $ 8.55
KuCoin (KCS) $ 12.27
Solv Protocol SolvBTC (SOLVBTC) $ 95,306.00
Raydium (RAY) $ 4.95
JasmyCoin (JASMY) $ 0.029555
Gate (GT) $ 11.36
Bitcoin SV (BSV) $ 70.98
Ethereum Name Service (ENS) $ 42.25
Polygon (MATIC) $ 0.621489
Virtuals Protocol (VIRTUAL) $ 1.40
Beam (BEAM) $ 0.026306
IOTA (IOTA) $ 0.384098
Axie Infinity (AXS) $ 8.58
Core (CORE) $ 1.43
BitTorrent (BTT) $ 0.000001
Kelp DAO Restaked ETH (RSETH) $ 3,727.26
MultiversX (EGLD) $ 45.74
AIOZ Network (AIOZ) $ 1.08
Peanut the Squirrel (PNUT) $ 1.22
NEO (NEO) $ 17.05
dYdX (DYDX) $ 1.69
Marinade Staked SOL (MSOL) $ 277.28
Decentraland (MANA) $ 0.633639
Popcat (POPCAT) $ 1.17
XDC Network (XDC) $ 0.075546
Tokenize Xchange (TKX) $ 13.68
ApeCoin (APE) $ 1.52
ether.fi Staked ETH (EETH) $ 3,620.31
Aerodrome Finance (AERO) $ 1.54
Fasttoken (FTN) $ 3.17
Lombard Staked BTC (LBTC) $ 95,726.00
Binance Staked SOL (BNSOL) $ 227.71
Conflux (CFX) $ 0.218544
Mantle Restaked ETH (CMETH) $ 3,814.02
Akash Network (AKT) $ 4.01
Solv Protocol SolvBTC.BBN (SOLVBTC.BB) $ 95,139.00
Curve DAO (CRV) $ 0.786207
eCash (XEC) $ 0.000049
Mina Protocol (MINA) $ 0.810720
Chiliz (CHZ) $ 0.104321
NEXO (NEXO) $ 1.46
Zcash (ZEC) $ 62.32
Pendle (PENDLE) $ 5.60
Jupiter Staked SOL (JUPSOL) $ 237.18
Arbitrum Bridged WBTC (Arbitrum One) (WBTC) $ 95,536.00
Wormhole (W) $ 0.331188
PancakeSwap (CAKE) $ 3.06
Mog Coin (MOG) $ 0.000002
Binance-Peg Dogecoin (DOGE) $ 0.419841
Notcoin (NOT) $ 0.008407
Synthetix Network (SNX) $ 2.61
Axelar (AXL) $ 0.978099
ORDI (ORDI) $ 39.01
cat in a dogs world (MEW) $ 0.009200
Ronin (RON) $ 2.18
ZKsync (ZK) $ 0.215612
Blur (BLUR) $ 0.383993
L2 Standard Bridged WETH (Base) (WETH) $ 3,623.69
dYdX (ETHDYDX) $ 1.69
Nervos Network (CKB) $ 0.016804
Oasis (ROSE) $ 0.114022
Grass (GRASS) $ 3.11
Neiro (NEIRO) $ 0.001799
USDD (USDD) $ 0.997008
Arbitrum Bridged WETH (Arbitrum One) (WETH) $ 3,630.70
Terra Luna Classic (LUNC) $ 0.000131
Gnosis (GNO) $ 268.70
Arkham (ARKM) $ 2.19
Eigenlayer (EIGEN) $ 3.69
LayerZero (ZRO) $ 6.18
Safe (SAFE) $ 1.33
Echelon Prime (PRIME) $ 13.38
Goatseus Maximus (GOAT) $ 0.683113
Compound (COMP) $ 76.72
DOG•GO•TO•THE•MOON (Runes) (DOG) $ 0.006599
Coinbase Wrapped Staked ETH (CBETH) $ 3,930.47
Tether Gold (XAUT) $ 2,645.46
Frax (FRAX) $ 0.995779
Kava (KAVA) $ 0.596115
Dash (DASH) $ 52.23
SuperVerse (SUPER) $ 1.39
Kusama (KSM) $ 39.68
1inch (1INCH) $ 0.473158
BOOK OF MEME (BOME) $ 0.008864
Super OETH (SUPEROETHB) $ 3,621.67
Bitcoin Gold (BTG) $ 34.19
Bazaars (BZR) $ 9.80
WOO (WOO) $ 0.321196
Theta Fuel (TFUEL) $ 0.086382
Astar (ASTR) $ 0.078030
Creditcoin (CTC) $ 1.42
Amp (AMP) $ 0.007024
Ether.fi Staked BTC (EBTC) $ 95,785.00
Zilliqa (ZIL) $ 0.029208
Holo (HOT) $ 0.003157
Snek (SNEK) $ 0.007546
GMT (GMT) $ 0.217719
SATS (Ordinals) (SATS) $ 0.00000026
Livepeer (LPT) $ 15.27
Beldex (BDX) $ 0.080088
Enjin Coin (ENJ) $ 0.310741
SPX6900 (SPX) $ 0.592851
Frax Ether (FRXETH) $ 3,614.40
Celo (CELO) $ 0.983931
DeXe (DEXE) $ 9.43
Ether.fi (ETHFI) $ 2.57
APENFT (NFT) $ 0.00000054
Moo Deng (MOODENG) $ 0.537074
IoTeX (IOTX) $ 0.056069
Polygon PoS Bridged WETH (Polygon POS) (WETH) $ 3,622.74
Avalanche Bridged BTC (Avalanche) (BTC.B) $ 95,691.00
Trust Wallet (TWT) $ 1.26
PAX Gold (PAXG) $ 2,641.97
Telcoin (TEL) $ 0.006670
Usual USD (USD0) $ 1.00
WEMIX (WEMIX) $ 1.23
Qubic (QUBIC) $ 0.000004
tBTC (TBTC) $ 95,601.00
Act I The AI Prophecy (ACT) $ 0.528858
Reserve Rights (RSR) $ 0.009443
Memecoin (MEME) $ 0.015292
PayPal USD (PYUSD) $ 0.999336
Turbo (TURBO) $ 0.007204
TrueUSD (TUSD) $ 1.00
0x Protocol (ZRX) $ 0.583582
Verus (VRSC) $ 6.20
Dymension (DYM) $ 2.21
Swell Ethereum (SWETH) $ 3,898.44
BENQI Liquid Staked AVAX (SAVAX) $ 56.34
EthereumPoW (ETHW) $ 4.41
ZetaChain (ZETA) $ 0.819705
Golem (GLM) $ 0.468410
CHEX Token (CHEX) $ 0.466313
Basic Attention (BAT) $ 0.311468
Stader ETHx (ETHX) $ 3,795.41
Chia (XCH) $ 32.90
Jito (JTO) $ 3.45
Aevo (AEVO) $ 0.504936
L2 Standard Bridged WETH (Blast) (WETH) $ 3,634.15
Manta Network (MANTA) $ 1.16
Ondo US Dollar Yield (USDY) $ 1.07
ALEO (ALEO) $ 1.64
Qtum (QTUM) $ 4.06
Ankr Network (ANKR) $ 0.042239
Convex Finance (CVX) $ 5.15
Just a chill guy (CHILLGUY) $ 0.416038
Illuvium (ILV) $ 57.63
Osmosis (OSMO) $ 0.589751
Staked Frax Ether (SFRXETH) $ 3,988.45
USDB (USDB) $ 1.01
aelf (ELF) $ 0.555934
Siacoin (SC) $ 0.007013
Hashnote USYC (USYC) $ 1.07
Polymesh (POLYX) $ 0.360539
Bridged USDC (Polygon PoS Bridge) (USDC.E) $ 0.998727
io.net (IO) $ 3.17
Liquid Staked ETH (LSETH) $ 3,838.73
OriginTrail (TRAC) $ 0.963338
SKALE (SKL) $ 0.075176
SafePal (SFP) $ 0.797299
Gas (GAS) $ 5.95
Gigachad (GIGA) $ 0.039956
Terra (LUNA) $ 0.560152
Ravencoin (RVN) $ 0.026278
CorgiAI (CORGIAI) $ 0.001100
QuantixAI (QAI) $ 91.21
JUST (JST) $ 0.038099
Baby Doge Coin (BABYDOGE) $ 0.00000000
Aethir (ATH) $ 0.071587
PepeCoin (PEPECOIN) $ 3.34
Binance-Peg BUSD (BUSD) $ 1.00
Mask Network (MASK) $ 3.67
Metis (METIS) $ 60.06
cWBTC (CWBTC) $ 1,923.06
Dogs (DOGS) $ 0.000704
AltLayer (ALT) $ 0.155067
Drift Protocol (DRIFT) $ 1.36
ai16z (AI16Z) $ 0.319272
Harmony (ONE) $ 0.028366
Polygon Bridged WBTC (Polygon POS) (WBTC) $ 95,423.00
Biconomy (BICO) $ 0.374213
pumpBTC (PUMPBTC) $ 95,219.00
Fwog (FWOG) $ 0.346201
SwissBorg (BORG) $ 0.344834
Decred (DCR) $ 20.27
Kadena (KDA) $ 1.12
MX (MX) $ 3.36
Threshold Network (T) $ 0.032294
ConstitutionDAO (PEOPLE) $ 0.063598
Nosana (NOS) $ 3.86
Amnis Aptos (AMAPT) $ 12.75
Bridged Ether (StarkGate) (ETH) $ 3,623.59
Solana Name Service (FIDA) $ 0.324209
GMX (GMX) $ 31.26
Constellation (DAG) $ 0.086713
Radix (XRD) $ 0.029015
PONKE (PONKE) $ 0.540350
Degen (Base) (DEGEN) $ 0.017121
Galxe (GAL) $ 2.32
Olympus (OHM) $ 17.98
Loopring (LRC) $ 0.235646
Frax Share (FXS) $ 3.40
Moonbeam (GLMR) $ 0.313568
0x0.ai: AI Smart Contract (0X0) $ 0.321099
NEM (XEM) $ 0.031784
Rocket Pool (RPL) $ 13.62
Zerebro (ZEREBRO) $ 0.285175
Flux (FLUX) $ 0.751328
Solayer Staked SOL (SSOL) $ 231.99
Non-Playable Coin (NPC) $ 0.034841
Delysium (AGI) $ 0.219977
MimbleWimbleCoin (MWC) $ 25.57
COTI (COTI) $ 0.156034
Hivemapper (HONEY) $ 0.096159
Apu Apustaja (APU) $ 0.000831
UMA (UMA) $ 3.31
Xai (XAI) $ 0.371384
yearn.finance (YFI) $ 8,133.16
VeThor (VTHO) $ 0.003268
Blast (BLAST) $ 0.011886
Wrapped Beacon ETH (WBETH) $ 3,829.14
Gravity (G) $ 0.037301
Sushi (SUSHI) $ 1.40
Simon's Cat (CAT) $ 0.000040
Yield Guild Games (YGG) $ 0.695621
Ontology (ONT) $ 0.295732
PAAL AI (PAAL) $ 0.306177
Solar (SXP) $ 0.433047
DigiByte (DGB) $ 0.015366
Band Protocol (BAND) $ 1.85
Rollbit Coin (RLB) $ 0.113931
Department Of Government Efficiency (DOGE) $ 0.269813
Nexus Mutual (NXM) $ 77.56
Metaplex (MPLX) $ 0.347975
CoinEx (CET) $ 0.094493
Horizen (ZEN) $ 16.50
SingularityNET (AGIX) $ 0.752760
API3 (API3) $ 2.21
ICON (ICX) $ 0.248890
LCX (LCX) $ 0.331858
Casper Network (CSPR) $ 0.020129
Hamster Kombat (HMSTR) $ 0.003931
Wrapped Ether (Mantle Bridge) (WETH) $ 3,633.38
Avail (AVAIL) $ 0.129175
SPACE ID (ID) $ 0.561727
Saga (SAGA) $ 2.25
BasedAI (BASEDAI) $ 6.80
Songbird (SGB) $ 0.015523
ANDY ETH (ANDY) $ 0.000240
HarryPotterObamaSonic10Inu (ETH) (BITCOIN) $ 0.237876
Mantle Bridged USDT (Mantle) (USDT) $ 1.01
Quorium (QGOLD) $ 2,636.60
Chromia (CHR) $ 0.282452
Audius (AUDIO) $ 0.182611
Instadapp (INST) $ 5.92
XYO Network (XYO) $ 0.016730
Mythos (MYTH) $ 0.307082
Tribe (TRIBE) $ 0.508025
Treehouse ETH (TETH) $ 4,295.95
VVS Finance (VVS) $ 0.000005
Sologenic (SOLO) $ 0.567448
SSV Network (SSV) $ 31.86
Sun Token (SUN) $ 0.023072
Bitkub Coin (KUB) $ 2.53
cETH (CETH) $ 72.92
Across Protocol (ACX) $ 0.489589
Zignaly (ZIG) $ 0.148430
Vanar Chain (VANRY) $ 0.148616
JOE (JOE) $ 0.559895
Secret (SCRT) $ 0.707950
We Love Tits (TITS) $ 0.205119
Big Time (BIGTIME) $ 0.159694
Waves (WAVES) $ 2.06
Cetus Protocol (CETUS) $ 0.337834
Banana Gun (BANANA) $ 58.88
Nano (XNO) $ 1.54
Ultima (ULTIMA) $ 4,866.42
Merlin Chain (MERL) $ 0.417384
IOST (IOST) $ 0.009506
Lisk (LSK) $ 1.24
aBTC (ABTC) $ 92,956.00
Centrifuge (CFG) $ 0.398389
Tellor Tributes (TRB) $ 75.78
ETHPlus (ETH+) $ 3,706.81
Lorenzo stBTC (STBTC) $ 91,584.00
OUSG (OUSG) $ 109.03
aixbt by Virtuals (AIXBT) $ 0.195365
Oraichain (ORAI) $ 11.58
WAX (WAXP) $ 0.054459
Coin98 (C98) $ 0.212962
Pixels (PIXEL) $ 0.246599
Status (SNT) $ 0.047899
Moonwell (WELL) $ 0.062184
PUPS•WORLD•PEACE (PUPS) $ 0.188041
USDa (USDA) $ 1.00
Aleph Zero (AZERO) $ 0.618328
Clearpool (CPOOL) $ 0.261780
Spectral (SPEC) $ 13.23
Kamino (KMNO) $ 0.137834
Metars Genesis (MRS) $ 2.20
Arcblock (ABT) $ 1.87
usdx.money USDX (USDX) $ 1.00
BORA (BORA) $ 0.164030
Osaka Protocol (OSAK) $ 0.00000024
OKT Chain (OKT) $ 10.14
Balancer (BAL) $ 2.95
Renzo Restaked LST (PZETH) $ 4,299.16
Taiko (TAIKO) $ 2.19
Fartcoin (FARTCOIN) $ 0.173090
Morpho (MORPHO) $ 1.33
Verge (XVG) $ 0.010620
Orca (ORCA) $ 3.29
Blox (CDT) $ 0.257096
Ampleforth (AMPL) $ 1.33
NetMind Token (NMT) $ 4.06
Goldfinch (GFI) $ 1.95
Cartesi (CTSI) $ 0.204221
NodeAI (GPU) $ 1.76
Ontology Gas (ONG) $ 0.424053
HashAI (HASHAI) $ 0.001889
GHO (GHO) $ 1.00
Big Dog Fink (BINK) $ 0.001121
IQ (IQ) $ 0.008468
Gomining Token (GOMINING) $ 0.404748
Elixir deUSD (DEUSD) $ 0.999482
Powerledger (POWR) $ 0.315176
Open Campus (EDU) $ 0.636751
Alchemix USD (ALUSD) $ 0.986384
Kelp Gain (AGETH) $ 3,701.30
Smooth Love Potion (SLP) $ 0.004021
Ocean Protocol (OCEAN) $ 0.745774
RCGE ($RCGE) $ 0.013931
L2 Standard Bridged WETH (Optimism) (WETH) $ 3,636.84
TARS AI (TAI) $ 0.371351
ANyONe Protocol (ANYONE) $ 2.05
StakeWise Staked ETH (OSETH) $ 3,747.49
iExec RLC (RLC) $ 2.25
Zircuit (ZRC) $ 0.073798
Helium Mobile (MOBILE) $ 0.001544
Venus (XVS) $ 9.78
Alephium (ALPH) $ 1.73
Ergo (ERG) $ 2.05
Bybit Staked SOL (BBSOL) $ 232.99
Arbitrum Bridged USDC (Arbitrum) (USDC.E) $ 1.00
Autonolas (OLAS) $ 2.22
Zentry (ZENT) $ 0.026009
BounceBit (BB) $ 0.386668
Numeraire (NMR) $ 21.21
sudeng (HIPPO) $ 0.015738
Humans.ai (HEART) $ 0.023864
Coq Inu (COQ) $ 0.000002
peaq (PEAQ) $ 0.413227
Orbs (ORBS) $ 0.034617
Marlin (POND) $ 0.019284
Treasure (MAGIC) $ 0.561339
AI Companions (AIC) $ 0.171422
Synapse (SYN) $ 0.691421
Origin Ether (OETH) $ 3,602.51
TrueFi (TRU) $ 0.119919
Cortex (CTXC) $ 0.665459
Pundi X (PUNDIX) $ 0.578811
Purr (PURR) $ 0.249830
Bone ShibaSwap (BONE) $ 0.597795
Dent (DENT) $ 0.001558
Neutron (NTRN) $ 0.523252
Moonriver (MOVR) $ 15.90
Liquity (LQTY) $ 1.53
MMX (MMX) $ 0.987816
MVL (MVL) $ 0.005688
Alchemy Pay (ACH) $ 0.029681
Spell (SPELL) $ 0.000950
CYBER (CYBER) $ 4.66
Velo (VELO) $ 0.019404
Solidus Ai Tech (AITECH) $ 0.133037
Venom (VENOM) $ 0.075537
Huobi (HT) $ 0.891901
My Neighbor Alice (ALICE) $ 1.54
CARV (CARV) $ 0.941304
TerraClassicUSD (USTC) $ 0.025218
MEOW (MEOW) $ 0.001551
Cheems Token (CHEEMS) $ 0.00000069
TokenFi (TOKEN) $ 0.068806
ChainGPT (CGPT) $ 0.185740
Sundog (SUNDOG) $ 0.138010
Slerf (SLERF) $ 0.273160
Altura (ALU) $ 0.137786
Comedian (BAN) $ 0.135152
dKargo (DKA) $ 0.028719
Thena (THE) $ 2.42
Rewardable (REWARD) $ 0.550640
Artificial Liquid Intelligence (ALI) $ 0.016223
Bitcoin Wizards (WZRD) $ 6.33
Hive (HIVE) $ 0.286723
STASIS EURO (EURS) $ 1.06
RSK Infrastructure Framework (RIF) $ 0.131426
Dusk (DUSK) $ 0.280654
Civic (CVC) $ 0.163379
Iagon (IAG) $ 0.349341
Cronos Bridged USDC (Cronos) (USDC) $ 1.00
Steem (STEEM) $ 0.270952
TruFin Staked APT (TRUAPT) $ 12.96
Shentu (CTK) $ 0.942554
NEURALAI (NEURAL) $ 12.91
Lumia (LUMIA) $ 1.70
Universal ETH (UNIETH) $ 3,902.32
Ozone Chain (OZO) $ 0.200518
ARK (ARK) $ 0.692765
Seedify.fund (SFUND) $ 2.00
Celer Network (CELR) $ 0.022502
H2O Dao (H2O) $ 0.153246

Bitcoin mining is getting easier after China’s crypto crackdown wiped out network capacity

By Aleksandr On Jul 20, 2021

Related Posts

Bitcoin surges 15% to top $38,000, boosted by comments from…

Jul 26, 2021

A bitcoin ETF may not be approved by the SEC until 2023…

Jul 26, 2021

Bitcoin mining is getting easier after China's crypto crackdown wiped out network capacity

Bitcoin's "network difficulty," which measures how much computing power is needed to mint a new bitcoin, has plummeted.

The clear culprit is China, where the government's anti-crypto tack has forced mining operations to shutter.

Network difficulty could bounce back as Chinese miners migrate elsewhere.

Sign up here for our daily newsletter, 10 Things Before the Opening Bell.

A measure of how hard it is to mine bitcoin is plunging after China's crackdown took out a chunk of the computing power underpinning the network.

Bitcoin's "network difficulty," which measures how much computing power is needed to mint a new bitcoin, has fallen 45% from its May highs, according to public blockchain data. The drop is smaller but still pronounced, about 26%, when using 30-day moving averages.

Bitcoin mining is getting easier after China's crypto crackdown wiped out network capacity

Bitcoin's underlying algorithm regularly adjusts difficulty based on how many miners are on the network. Falling difficulty indicates mining power has come offline.

The clear culprit is China, where the government's anti-crypto tack has forced mining operations to shutter from Sichuan to Xinjiang.

The country, which once accounted for 65% of the world's mining power, has forced a "seismic shift" in bitcoin mining patterns. In the wake of China's restrictions, nearly a quarter of active bitcoin addresses went offline, according to analytics firm Glassnode. In the end, 90% of China's bitcoin mining capacity is set to be shut down, according to the Global Times, a newspaper run by China's Communist Party.

Network difficulty, which automatically updates about every two weeks, could bounce back as Chinese miners migrate elsewhere, possibly to Central Asia or North America.

"It's happening! Texas will be the crypto leader," tweeted Gov. Greg Abbott after a local grocery chain said it would start accepting crypto at kiosks. The tweet came just days before China tightened the screws on crypto mining.

Read the original article on Business Insider

SHARE THIS POST

FACEBOOK TWITTER EMAIL COPY LINK Start Trading >> Plus500. 72% of retail CFD accounts lose money

Indices in This Article

Dow Jones	33,962.04		-2.09%
NASDAQ Comp.	14,274.98		-1.06%
S&P 500	4,258.49		-1.59%
NASDAQ 100	14,549.09		-0.90%
NASDAQ Fut.	14,255.50		-1.08%

RELATED EXCHANGE RATES