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24 June 2021

Bitcoin Miners Moving Away from China, F2Pool Observes

Bitcoin Miners Moving Away from China, F2Pool Observes


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Bitcoin Miners Moving Away from China, F2Pool Observes.

For the first time in eight years, more hash rate was channeled from outside of China, the operator of one of the world’s oldest Bitcoin mining pool, F2Pool, notes as per a tweet on May 4.

Bitcoin’s autonomy is because miners willingly channel computing power using expensive and scarce mining gear.

For instance, in April, the Foundry USA Bitcoin mining pool broke into the top-5, displacing mining pools from China.

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