Bitcoin miners in China wield two-thirds of the network’s processing power (hash rate), and more than half of it is controlled by a single province. That figure, which increased from 60 percent in June, marks the highest recorded by digital asset firm CoinShares since it started tracking Bitcoin‘s hash rate almost two years ago. According to CoinShare’s data shared with Hard Fork, Bitcoin miners in Sichuan, China are responsible for 54 percent of its global hash rate. “Out of the remaining 35 percent of [global] miners, we estimate that 31 percent of global [hash rate] production is evenly split between Washington, New…
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