New Data Shows Underground Bitcoin Mining Thriving in China

May 18, 2022

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Introduction

00:00 • 2min

Bit Coin Mining, Unsurprising Resurgente

02:03 • 4min

Get the Most Out of Your Crypto With Near

06:23 • 2min

China's Hash Rate Rises Again

08:19 • 2min

Bitcoin Mining in Russia

10:03 • 1min

Bitcoin - The Bit Coin Summit in Al Salvador

11:32 • 5min

This episode is sponsored by Nexo.io, NEAR and FTX US.

On today’s episode of “The Breakdown,” NLW looks at new bitcoin mining data from the Cambridge Centre for Alternative Finance. Surprisingly (or unsurprisingly, depending on whom you ask), China is back at the No. 2 spot in global hashrate, despite there ostensibly being a full bitcoin mining ban. NLW also looks at the finance conference that has brought representatives of 44 countries to El Salvador, where they’re learning about bitcoin among other topics.

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“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsors is “Catnip” by Famous Cats and “I Don't Know How To Explain It” by Aaron Sprinkle. Image credit: Alfieri/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.