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The Economist: Deep in rural China, bitcoin miners are packing up

A new update of Cambridge Bitcoin Electricity Consumption Index (CBECI) by the Cambridge Centre for Alternative Finance at Cambridge Judge reveals that China’s share of total Bitcoin mining power has declined from 75.5% in September 2019 to 46% in April 2021 – before the restrictions were even imposed. (subs)

Read the full article [economist.com]