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State of Bitcoin Mining in China as Crackdown Continues

Kevin Zhang, Foundry VP of Business Development, explains the history of China’s crackdowns on cryptocurrencies and mining operations from 2017 to where we are now. “The most recent crackdowns are the hardest we’ve ever seen,” Zhang said miners are headed to Eastern European and Central Asia. But could they return?

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Signs of BTC Hashrate Stabilizing?

CoinDesk's Christie Harkin discusses the potential signs indicating bitcoin's hashrate is stabilizing, amid speculation the worst fallout from China's recent mining crackdown might be over. Plus, the latest update on bitcoin's Taproot activation. "More than a quarter of bitcoin nodes have upgraded to the new protocol, and that's a big deal," Harkin said.

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Key Findings From CoinDesk’s Q2 Research

CoinDesk Research Associate George Kaloudis says, “we’re in a bear market,” pointing to a chart depicting bitcoin’s bear and bull cycles over the past six years. He also compares the Q2 performance of the “CoinDesk 20” top assets, noting the divergence between ethereum’s gains and bitcoin’s losses. “That almost never happens,” he said.

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Прибутковість Bitcoin -майнерів може подвоїтися після рекордного падіння складності мережі

За словами ONE аналітика, економіка видобутку значно покращилася.

Technicians exit a cooling chamber adjacent to a wall of bitcoin mining machines at a mining facility operated by Bitmain Technologies Ltd. in Ordos, Inner Mongolia, China.

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Valkyrie CIO and Co-founder Steven McClurg: Bitcoin in Rangebound Until End of Summer

Bitcoin was holding support around $33K Tuesday and is down about 5% over the past week. The cryptocurrency had a choppy trading session during Asia hours and is stuck in a tight range since June. Valkyrie CIO and co-founder Steven McClurg discusses the outlook for bitcoin and whether it will break out soon. "I definitely see us stuck here over the summer," he said, commenting on bitcoin's trajectory. Plus, why McClurg says he thinks inflation is not transitory and the impact of China's crypto crackdowns on bitcoin's price and hashrate.

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How Bitcoin’s Hashrates Affect Its Price

Crypto miners in China are migrating elsewhere in response to the country’s continued crackdowns. ​CrossTower Research Analyst Martin Gaspar discusses the impact of bitcoin’s hashrate on its price and why this matters. “Bitcoin’s price and hashrate have been very correlated over time… so they tend to move with each other,” Gaspar said.

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Складність майнінгу Bitcoin зафіксувала найбільше падіння в історії, ціна стрибає

Майнери, які залишаються в роботі, ймовірно, стануть ще більш прибутковими протягом наступних тижнів.

bitcoin mining machines at a mining facility operated by Bitmain Technologies Ltd. in Ordos, Inner Mongolia

Markets

Хешрейт Bitcoin стабілізувався після репресій у Китаї

Більша частина скорочення пов’язана з кроком Китаю припинити операції з майнінгу Криптовалюта в країні, BIT з Іраном.

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Why Bitcoin Mining Hashrate Dropping to 1-Year Low Following China Crackdowns Is Good News for Miners

China's continued crypto crackdowns have been a blow for mining operations based in the country, but for miners in other parts of the world, it might be good news. Bitcoin's hashrate, a measure of the computational power working to secure the blockchain network, dropped to its lowest since May 2020. Meanwhile, the BTC mining difficulty could see a 25% decrease in July. "The Hash" hosts unpack why this is a windfall for active miners outside of China.

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Хешрейт майнінгу Bitcoin падає до мінімуму за 1 рік; Набір складності на 25% зниження

Занепокоєння щодо масштабів репресій Китаю призвело до зниження ціни біткойна за останні місяці приблизно до 34 200 доларів.

bitcoin mining machines at a mining facility operated by Bitmain Technologies Ltd. in Ordos, Inner Mongolia

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