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BTC price blasts through $70K — 5 things to know in Bitcoin this week

BTC price blasts through $70K — 5 things to know in Bitcoin this week
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Signs the Bitcoin hashrate is starting to move away from China

Signs the Bitcoin hash rate is starting to move away from China The U.S. is slowly increasing its share of the Bitcoin hash rate. 18456 Total views News Although the majority of Bitcoin (BTC) mining is still based in China, there are signs it is beginning to shift elsewhere. Chun Wang, the co-founder of one of Bitcoin’s largest mining pools, F2Pool, reported that China represented less than half of Bitcoin’s hash rate during April 2020. Wang noted it was the first time the pool had seen Chinese miners represent a minority of the hash rate in its eight years of operation. “The shifting is real,” he said.

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