Live Breaking News & Updates on Nordic Regions

Stay updated with breaking news from Nordic regions. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.

Chinese Miners Migrate to Nordic Regions, Mining Exec Says Hashrate Migration One of the 'Biggest Developments'


Chinese Miners Migrate to Nordic Regions, Mining Exec Says Hashrate Migration One of the ‘Biggest Developments’
China has the largest concentration of bitcoin miners worldwide with estimates noting the country captures anywhere between 50-65% of the global hashrate. Xinjiang, the autonomous region of the People’s Republic of China, ostensibly accommodates 35% of the hashrate. This week a regional report from China and statements from the head of operations at Genesis Mining, indicate that Chinese miners are migrating from the area to Nordic countries like Sweden and Norway.
Just recently, news.Bitcoin.com, reported on the electrical issues in China that bitcoin miners in the country are currently dealing with due to the shortage of coal. In the report, it noted that the Cambridge Bitcoin Electricity Consumption Index (CBECI) map shows China still commands 65% of the hashrate today. However, a team member from the Cambridge Centre for Alterna ....

United Kingdom , Philip Salter , Cambridge Centre For Alternative Finance , Chinese Miners Migrate , Nordic Regions , Mining Exec Says Hashrate Migration One , Biggest Development , Genesis Mining , Cambridge Bitcoin Electricity Consumption Index , Cambridge Centre , Alternative Finance , Iyke Aru , ஒன்றுபட்டது கிஂக்டம் , பிலிப் உப்பு , கேம்பிரிட்ஜ் மையம் க்கு மாற்று நிதி , சீன சுரங்கத் தொழிலாளர்கள் இடம்பெயர்க , நோர்டிக் பகுதிகள் , மிகப்பெரியது வளர்ச்சி , ஜநெஸிஸ் சுரங்க , கேம்பிரிட்ஜ் பிட்காயின் மின்சாரம் நுகர்வு குறியீட்டு , கேம்பிரிட்ஜ் மையம் , மாற்று நிதி ,