Crypto Miners Are Fleeing to Russia and Canada, but Chinese Authorities Might Lift the Mining Ban

Investing.com | Nov 6, 2021 at 3:41 PM
  • China, which once contributed 45% to the global hashrate of Bitcoin, now adds nothing to Bitcoin’s mining pool.
  • The Chinese ban triggered what is now referred to as the Great Mining Migration, the movement of Bitcoin miners from China to other regions.
  • The best we could see is an uprising of new mining pools in China rather than a return of Chinese miners who fled during the great migration.