Cambridge Center for Different Finance Launches Bitcoin Mining Map | Zoom Fintech

the Cambridge Center for Different Finance (CCAF) launched a Bitcoin mining card that follows the creation of BTC. As everyone knows, Bitcoin has simply accomplished its periodic ‘halving’ opportunity when Bitcoin creation or mining is halved.

As you would expect, BTC mining is dominated by China with over 65% of mining in the country. Almost all BTC mining (over 35%) is on the decline in the Xinjiang region – a space regarding the size of Iran that is sparsely populated, but rich in pure sources with low cost energy.

After Xinjiang, Sichuan is then adopted by Nei Mongol and Yunnan. While personal cryptocurrency issuance may be banned in China, mining just isn’t. Chinese-language Bitcoin mining trade got a 12-month reprieve when the federal government determined it was okay to hit Bitcoin because cryptocurrency mining was far from a list of stocks that needed to be phased out by early 2020, the federal government continued to heat up as much as blockchain usually does, with the future digital foreign currency central bank (CBDC) based primarily on the yuan.

After China, the United States is in second place with just 7.24% of the mining year and Russia in third place with 6.9%.

This isn’t the only really cool crypto-data instrument that CCAF offers. In the past 12 months, the CCAF launched the Cambridge Bitcoin Electric Power Consumption Index (CBECI). This is where you can see all the electrical energy needed to mine Bitcoin. Of course, that’s quite a lot.

About Dawn Valle

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