{"id":215,"date":"2024-09-23T16:17:29","date_gmt":"2024-09-23T16:17:29","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=215"},"modified":"2024-09-23T16:17:29","modified_gmt":"2024-09-23T16:17:29","slug":"china-controls-55-of-bitcoin-hashrate-despite-crypto-ban-but-the-us-is-catching-up","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=215","title":{"rendered":"China Controls 55% Of Bitcoin Hashrate Despite Crypto Ban, But The US Is Catching Up"},"content":{"rendered":"<div>\n<p>Despite China\u2019s ongoing ban on cryptocurrency trading and mining, the country continues to dominate <a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/24\/09\/40820546\/bitcoin-mining-difficulty-hits-all-time-high-of-92-67-trillion-as-hash-rate-surges\">the Bitcoin network<\/a>, controlling 55% of the global hashrate, according to data shared by <strong>Ki Young Ju<\/strong>, CEO of <strong>CryptoQuant<\/strong>.<\/p>\n<p><strong>What Happened: <\/strong>This information is corroborated by <strong>Bitbo<\/strong>&#8216;s mining data, which shows China&#8217;s sustained influence over <strong>Bitcoin <\/strong>(CRYPTO: <a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/btc\/usd\">BTC<\/a>) mining pools.<\/p>\n<p>In contrast, U.S.-based mining companies manage approximately 40% of the global Bitcoin hashrate, signaling a significant but still smaller share of the market.<\/p>\n<p>Ju\u2019s tweet highlighted the growing presence of U.S. mining pools, which primarily cater to large-scale institutional miners across North &#8230;<\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/24\/09\/40985461\/china-controls-55-of-bitcoin-hashrate-despite-crypto-ban-but-the-us-is-catching-up\" alt=\"China\" controls of bitcoin hashrate despite crypto ban but the us is catching up>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Despite China\u2019s ongoing ban on cryptocurrency trading and mining, the country continues to dominate the Bitcoin network, controlling 55% of the global hashrate, according to data shared by Ki Young Ju, CEO of CryptoQuant. What Happened: This information is corroborated by Bitbo&#8216;s mining data, which shows China&#8217;s sustained influence over Bitcoin (CRYPTO: BTC) mining pools. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-215","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/215","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=215"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/215\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=215"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=215"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=215"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}