China crackdown shows industrial Bitcoin mining a problem for decentralization

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China crackdown shows industrial Bitcoin mining a problem for decentralization


The great hash rate plunge caused by an exodus of miners from China shows large scale Proof-of-Work mining facilities are vulnerable to regulation.

Posted by Cointelegraph By Kelsie Nabben on June 29, 2021 @ https://cointelegraph.com/news/china-crackdown-shows-industrial-bitcoin-mining-a-problem-for-decentralization

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