Study: China re-emerges as bitcoin mining hub

Workers installing a new row of bitcoin mining machines at a mining facility in Rockdale, Texas, on October 9, 2021. China now accounts for more than 21% of mining output, according to the Cambridge researchers who examined data from September 2021 to January 2022. — AFP

LONDON: Bitcoin miners, who create the world’s most popular cryptocurrency, are active again in China despite Beijing’s ban on the energy-intensive activity, an academic study found on May 17.

The United States however remains the biggest country for bitcoin mining followed by number two China, according to researchers from Cambridge University.