Is China banning bitcoin mining?

It’s just the most recent in a long list of nations that are banishing the industry. China’s crackdown on Bitcoin mining last year, culminating in a full ban in September, unleashed a diaspora of producers seeking new homes.

Will New York ban bitcoin mining?

Following an early morning vote in Albany on Friday, lawmakers in New York passed a bill to ban certain bitcoin mining operations that run on carbon-based power sources. The measure now heads to the desk of Governor Kathy Hochul, who could sign it into law or veto it.

Which country is the second-largest bitcoin miner in the world?

While the US extended its leading position as the dominant location for Bitcoin mining, China has reemerged as the second-largest locale despite a government ban on the activity last year.

How big is China's bitcoin mining market?

By September 2021, China made up just over 22% of the total bitcoin mining market, data from Cambridge researchers show. Can crypto clean up its dirty image? It means China is once again a top global player in bitcoin mining — second only to the U.S., which eclipsed China as the largest destination for the sector last year.