By the end of August China to bid Farewell to Illegal Bitcoin Miners

By the end of August China to bid Farewell to Illegal Bitcoin Miners
фото показано с : bitcoints.com

2018-7-25 00:38

During the latest 2018 Stifel Cross Sector Insight Conference previously highlighted by Coinspeaker, Garlinghouse marked a towering influx of Chinese miners that has currently gained control over 50% of the Bitcoin hash-rate.
He concluded saying China has all chances to become a single centralized supervisor of cryptocurrencies.
Indeed, Chinese companies like chipmaker Bitmain and its subsidiaries, BTC.com and AntPool came dangerously close to holding the world’s majority of the Bitcoin mining pools.
Recently Bitmain has reported a whopping $3-4 billion in profits mining Bitcoins in 2017 occupying a 51 percent stake in the Bitcoin hash-rate.
However, Xinjiang’s authorities have warned local Bitcoin mining enterprises to close their illegal operations before August 30, 2018.

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Источник: bitcoints.com

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