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An overview of the evolution of Bitcoin mining

Colombia, Distrito Capital de Bogotá, Bogotá
Published 2 years ago
ID #1099
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An overview of the evolution of Bitcoin mining
Colombia, Distrito Capital de Bogotá, Bogotá,
Published 2 years ago

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As many know, price is just one of the many layers of a crypto asset. For proof-of-work (PoW) -based assets like Bitcoin, mining is another important layer.

Following the migration of Bitcoin mining during this semester from China after its ban to other more friendly places, the landscape in this sector has changed significantly, despite the fact that the hash rate is close to the same level as before the Chinese ban .

Enterprise blockchain will play a critical role in creating a sustainable future

In recent months there has been talk that China is cracking down on Bitcoin and cryptocurrencies in general. While these conversations are no longer new, as similar news had already occurred since 2013 and 2017, this time the Chinese government took a stronger stance specifically against cryptocurrency mining. 

In this latest event, the effect of the ban on the power of the Bitcoin hashrate could be clearly seen.


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    nicole
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    Colombia, Distrito Capital de Bogotá, Bogotá
    Bogota Cl 384