China's bitcoin miners scoop up greater production power - research
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LONDON (Reuters) - China's bitcoin miners now control two-thirds of the crypto network's processing power, research showed on Wednesday, a growing share that is likely to benefit the country's miners. Miners in China control 66% of global "hashrate", a measure of the power of computers hooked up to the bitcoin network that dictates their ability to produce new coins, according to a report by digital asset manager CoinShares. The Chinese share of hashrate, up from 60% in June, is the..