Coin

<ul class="news-points"> 
 <li><strong>China has heavily censored information regarding renewable energy generation.</strong></li> 
 <li><strong>VanEck executive Matthew Sigel believes that the country is involved in BTC mining.</strong></li> 
 <li><strong>CryptoQuant’s CEO revealed that Chinese pools still have a 54% market share.</strong></li> 
</ul> 
<p>Beijing’s escalating censorship of economic information, including pressure on foreign media to withhold data, has raised alarms among analysts. The move coincides with China’s concealment of renewable energy figures, prompting speculation that the nation may be secretly engaging in large-scale Bitcoin mining operations.</p> 
<p>Further fanning the flames of speculation, CryptoQuant CEO Ki Young Ju pointed out on X (formerly Twitter) that despite China’s official crackdown, Chinese mining pools still maintain a dominant 54% share of the Bitcoin mining market.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">Despite China's ban on <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#Bitcoin</a> mining, Chinese mining pools still hold nearly 54% market share. <br><br>While not all participants in these pools are Chinese, some mining farms might still be operating covertly in China, with authorities possibly concealing data. <a href="https://t.co/OqEYB5R69w" target="_blank" rel="nofollow">https://t.co/OqEYB5R69w</a> <a href="https://t.co/JKCvcj2R3X" target="_blank" rel="nofollow">pic.twitter.com/JKCvcj2R3X</a></p>— Ki Young Ju (@ki_young_ju) <a href="https://twitter.com/ki_young_ju/status/1807912393705771465?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">July 1, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
<p>Matthew Sigel, head o…</p>
<p>The post <a href="https://coinedition.com/chinas-bitcoin-enigma-why-beijing-is-hiding-its-energy-data/">China’s Bitcoin Enigma: Why Beijing Is Hiding Its Energy Data</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.</p>

China’s Bitcoin Enigma: Why Beijing Is Hiding Its Energy Data

Coin Edition

Andra artiklar publicerade 2 juli 2024

Transforming Online Gambling and Community Engagement: Mpeppe (MPEPE) Unveils Strategic Innovations

Europe’s largest Bitcoin miner Northern Data eyes IPO in 2025: report

Roaring Kitty Lawsuit Now Withdrawn After Just One Day

TheMoonMemes Announces $TMM Token Presale and Special Rate for Early Adopters

Texas man sentenced for buying child pornography with cryptocurrency

SEC Takes First Step on Hashdex’s Combined Bitcoin and Ethereum ETF

Prenumerera på vårt nyhetsbrev och få kryptouppdateringar varje dag!