China's Bitcoin miners scoop up greater production power

Chinese Bitcoin (BTC) miners are now responsible for controlling as much as 66% of global hash rate, a new report claims. Hash rate is a measure referring to the overall computing power involved in validating transactions on the Bitcoin blockchain. According to a study by London-based digital asset manager CoinShares, China’s Sichuan province is accounting for over 50% of the global hash rate. Other leading crypto mining centers in China include the provinces of Yunnan, Xinjiang and Inner Mongolia.