China’s hostile attitude towards cryptocurrencies makes mining companies unhappy, especially after the release of a report by the Chinese State Council on Friday calling for a fight against BTC mining and trading. BTC.TOP, which is one of the leading companies in the field of cryptocurrency mining and which operates several data centers in China, also commented on the situation, and it was very surprising. Jiang Zhuoer, the company’s CEO, commented on the situation, saying the company would start mining in North America precisely because of China’s hostility to cryptocurrencies.
“In the future, we will mainly deploy mine mining in North America.“
From the available data from the University of Cambridge, we know that China controls up to 65.08% of the monthly hash rate worldwide. Xinjiang Province has the largest share (35.76%), followed by Sichuan (9.66%) and Nei Mongol (8.07%). However, it is questionable whether these statistics will remain the same after China’s steps. What do you think about that?