The total Bitcoin mining hash rate is now higher than before the Chinese ban on miners

[Redaktion]

The Bitcoin mining network has demonstrated its resilience in the face of major country crackdowns, as the Total Hash Rate of miners completely recovered to pre-Chinese ban levels on Friday. Analysts are saying that the reason behind this quick recovery of the global Bitcoin mining network was due to a combination of factors. On one hand we had the swift reactions of mining companies which moved to more welcoming countries like Russia, Kazakhstan, or the U.S., and on the other there was the Fed's money printing spree that left investors with tons of cash they had to park somewhere.

https://www.notebookcheck.net/The-total-Bitcoin-mining-hash-rate-is-now-higher-than-before-the-Chinese-ban-on-miners.584449.0.html

[Hunter2020]

Excellent!  Keep wasting electricity and energy on useless algos while China spends it on real economic development.  Keep it up for a few more years and see how far ahead China will pull economically in relation to everyone.

[NikoB]

All the miners are now dug in in Siberia, where electricity now costs a penny and it's always cold. )))