December 13, 2019 by Victor
Since China has updated the list of prohibited activities on its territory, by scratching from this list for the mining operations of Bitcoin, the rate hash of Bitcoin in the country has experienced phenomenal growth.
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A very good performance for the country
Closely monitoring the evolution of the activities of mining Bitcoin since the year 2017, the company’s digital asset management CoinShares revealed that China has undermined the largest share of BTC in circulation in the world and that this share is still increasing.
According to the company, it would be at the origin of almost 66% of the rate hash total of the Bitcoin, an improvement of 6% compared to the month of July.
Commenting on these achievements, chinese, Chris Bendiksen, head of the research CoinShares, has supported :
“It is beneficial for the industry, blasting chinese. If you are the first to increase your share of the hashrate and that you can do it before your competitors, it is usually good. “
A place that makes envy of the competitors
Although Xi Jinping, the president of the country, has publicly acknowledged the enormous potential of the technology Blockchain and had even urged the chinese population to the implement, the Bitcoin remains banned in the country as a method of payment.
In addition, the plan strongly authoritarian, China has a severe control on the mining of the Bitcoin.
Despite these many obstacles, the giant chinese such as Bitmain and Canaan continue to establish their hegemony as the provider of equipment, crypto-edge, which promotes naturally the competition.
Many are those who want to compete for the share of China in the mining market of Bitcoin. Like Dmitry Marinichev, ombudsman of the Russian Internet, which has risen to the challenge to dethrone China from its pedestal, in the building recently on a farm, blasting gargantuan.
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