China’s share of global electricity usage for bitcoin mining fell to under half for the first time this April, while Kazakhstan has catapulted to third place as its share of mining increased sixfold.
China’s global hashrate, the computational power required to mine new bitcoins, fell from over 75 per cent to 46 per cent of the global total between September 2019 and April 2021, according to data from the Cambridge Centre for Alternative Finance. The following month,
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