The bitcoin hashrate tumbles amid more crypto mining operations in China shutting down. The country's Qinghai province is the latest to announce a new crypto ban, following Xinjiang and inner Mongolia. Darin Feinstein of Blockcap, one of North America's largest miners, weighs in.
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Francisco Gimeno - BC Analyst China regularly shuts down crypto mining operations, and this happening in a bear market and a strong debate on what is happening with BTC makes its more worthy. BTC miners however, don't care very much they just go on when they can and they have the chance. Also this is a call to globally distribute crypto mining with better environmental structures.