How Bitcoin’s Price Slump Is Changing the Geography of Mining

Although China remains, by far, the leading region for bitcoin mining, the coronavirus downturn is changing the picture in other geographies. According to Thomas Heller, business director of one of the world’s largest bitcoin mining operations, F2Pool, market dips have made it unprofitable for some bitcoin (BTC) miners with older machines to operate. “We lost 10 percent of our bitcoin hashrate from our clients, for some of our competitors it was closer to 30 […]

 

 

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