China despite the ban contributes to more than 20% of the worldwide Hashrate . This goes on to prove that countries can’t truly restrict / ban Bitcoin and as such- cryptocurrencies.
1 min read
China had put a 100% ban on bitcoin mining a few months back (almost a year).
The latest research report from @CambridgeAltFin CBECI shows that China still contributes to the worldwide hashrate in the ups of 20%- only lower than the US.
Even with the institutions as mighty and as commanding as are in the Chinese ecosystem- Bitcoin mining has found its way. This also establishes the evidence of the fluidity of Bitcoin cross country/ies.
This is a great news amidst this unholy chaos that we all are going through right now.
submitted by /u/tanmay1010
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